ARE YOU RETARDED? WORSER…WTF?

Fuckers!

Let them file for bankruptcy and reorganize! Even with billions loaned to them they probably still won't survive anyway.

is worser a word???

If they get bailed out, I will be pissed. They dug themselves into that hole and they need to get themselves out of it. If we give them all that money it will all get flushed down the toilet (I'm quoting Michael Moore here). Two of these three agreed to no longer use corporate jets….but not Chrysler!! My company just announced no raises and no bonuses for x-mas (which were pretty substantial in previous years)…what is Chrysler doing to cut back?? Ugh!

Re: CutieLuLu – NO LOL PEREZ AND HIS FAMILY ARE TARDS!

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I'd raise the $$$$$ figure too with the DEMS in control and booooobama so to be in office.
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All they DEMS and boooooobama WANT to do is get us futher and futher in debt so keep on raising the deficit.
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besides the DEMS and booooobama OWE the car makers for getting the UNION VOTES for them.
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Perez, I don't think you understand what it is like in Michigan. The auto industry was our life-line for a century, and now it is in the shitter. Further, if it is in the shitter, it's much harder for Detroit to make more energy/fuel-efficient vehicles, stalling the green auto movement. Detroit has the highest foreclosure rate in the nation and the rest of our state is feeling this severe economic decline. It's easy to be all high and mighty when you are from a state that's biggest worry is a union strike for the film and tv industry, but out here in the real world people in Detroit are fucking dying because they lost their job at the factory and their houses are being foreclosed upon.

I think if you guys want to voice your opinions about such serious topics, please be well-informed. Do more research than just what Perez says.

Chrysler did get a loan a couple decades ago and they paid it all back before it was even due back. They are doing major cutbacks. By the end of this year, 1 of every 4 employees will be out of a job. Also, for every 1 losing his/her job at one of the big 3, 7.5 employees at the suppliers is losing theirs'. Just to put in perspective for all of you. Where are they supposed to go after they are laid off? How will they feed their families? I know it's not your fault for this, but it is not theirs either. Look at the big picture here and quit focusing on the private jets. It was the CEOs that did that, not the workers who will be the ones struggling if there is no bailout.

I agree with Bailey's Mom above (can't "reply" for some reason) that they dug themselves into this whole by refusing to develop gas efficient cars, etc. - they truly misread the market and should not be wholly rewarded for it.
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However, I did like the provisions as laid out which would require more research & development in eco-friendly vehicles, etc., cut in salaries, cut in bonuses - and if they are willing to accept, and the workers can be re-trained for the new jobs this would require - than I for it.
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Why are we bailing ANYONE out, though? Lend them money at the market rate? Sure. But a handout?
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Regarding the Wall Street Welfare handout of GW Bush - largest welfare act of the century - and all those little republicans voted in DUBYA because they don't want a dime of their money going to free-loading welfare people — well, you all got a whole lot more than you bargained for - good job electing Bush — we call get to suffer now.

Re: Gigi14 – Gigi - I agree - but its the same with any company that does not re-tooled itself for the future — and the Big 3 didn't - the desire for more economical cars is nothing new - its been going on for years.
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They also really, really should have seen it coming that more and more, folks are using alternative transportation (I live in DC, and at the max, get in my car twice a month).
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Not that rural areas can do the same, but the tendency is to hang onto your car for longer — that said, those workers can be making a mint if they choose to beome car mechanics — its a different market now, and folks looking to maintain older cars is sharply on the rise.
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Anyone looking for an emerging market - open a car service shop — you'll do well.

I love how they call it a "$34 billion dollar LINE OF CREDIT"
hahaha - ya right! And who's going to pay that back when the companies still collapse??
A: no one.
Save everyone a bunch of time and just flush 34 billion down the toilet.
Or better yet, give the $34 billion to the citizens of the USA.

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ALERT! ALERT!
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NUBIAN PRINCESS WITH DINNER PLATE IS THE IMPOSTOR!!!
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"IT" FITS THE PROFILE!!!!!
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DAMN HOW MANY FREE NINTENDOS CAN A BITCH USE???
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Over the past couple of weeks, I've learned much about the auto industry and their workers. Though, harsh at first (because of the first showing of their CEO's in Washington), I realize now that the total economy and existence of these "auto towns/cities" totally rely on this business.

However, the CEO's have much to account for. There's NOT a Lee Iacocca among them. That's the type of person we need now.