Pelosi, Reid eye help for 'Big 3'

Oh yeah, we have nationalized the banking and mortgage industry to the toon of one and one half trillion dollars, it's now time for the auto industry. After that the airlines. Pretty soon, if you want to talk to the president of a U.S. Corporation, just as for your Congressman. Government to government regulated market economy. The only problem is that if you are a Delta or Gamma, the Alpha's just won't want to talk with you.

Reid and Pelosi, not content to regulate the car industry to death, now move for government ownership of the car industry. If that happens, then automobile manufacturing will operate with the same efficiency as the Department of Motor Vehicles. Reid and Pelosi (and Frank and Dodd) had oversight to the point of ownership over Fannie Mae. Look how well that worked out.

The auto industry bailout is one issue, and another is looming: Auto Unions now want to cash in on the bailout..."for their members suffering from financial loss, health care, etc.etc." This is infuriating...their concerns should NOT be elevated higher than all other Americans in the same boat!!!! IF the Dems (Pelosi and Reid) honor their request, they will be creating a new super class of Americans...those who were actively engaged in getting them elected over the ELECTORATE!!!!!

Now all of a sudden after 30 years of decline ,we have to "bail out the auto industry ". Its not really the auto industry as much as bail out the unions and retired workers I think .There are probably still more autos made here as then but they are made by non union companys in the south like Nissan . American cars have been about as good for a while but they farm out 1/2 the cars and parts to to other countries.Everytime I see an "innovation " in a car its the Japs first and we are forced to follow ,thats really poor top leadership . My Nissan has been no better than my Plymouth Minivan (built in Canada I found out later).

Government answer to all problems is to throw money at it. US auto makers built their nest. Excessive compensation for both union and managemnt labor. This issues need to be solved before the industry can compet in the global economy. Americans in general have voted for the least expensive product across the board. US production costs and govenment intervention are why jobs have left this country.

The Dems want Bush's name associated with as much of the bailouts as possible, then when they don't work, they will be blaming him rather then BHO. Notice the push by the media to have BHO essentially running the country now? Their message is Bush do what BHO wants. I don't remember the same call to Clinton after the election.

How odd that Pelosi and Reid don't even understand their own bailout bill. Then again, perhaps not since they don't seem to understand just what their policies and legislation has done to the US auto industry. Some people think there is a Democratic master plan to drive the auto industry into the ground in order to then "save" the industry, or rather the jobs, thus ensuring the political support of the workers. At the same time the Democrats get to direct the industry to make the products Democrats believe should be made. I think it is just plain economic incompetence by Democrats in general and Liberals in particular. They help to drive up the price of gasoline and have campaigned all year on a recession until they spooked the consumers. Along with the unions, both have succeeded in destroying The Big Two-and-a-half. But hey, by any means necessary. Now they have the power and can now worry about dealing with the consequences. After all, what's a few jobs and GDP points?

throwing more money at the problem will ony treat the symptoms not the underlying cause,the problem isgovt meddling in the free market and over compensation for the auto execs and the unions,the first thing that needs to be done is to break the unions as they are bankrupting the auto companys

As a retired businessman , why should my tax dollars be used to bail out the Auto makers? Gas prices went up. Car sales went down. How poetic. They have had the technology for years to have avoided this circumstance. However their shortsightedness and quest for the almighty dollar clouded ther vision. Now they want the treasury to bail them out and give credibility to their poor judgment. I say let them fail. It is not the responsibility of the Government to subsidize their incompetence.....HW

Automakers have had years and years to address their problems and come up with solutions. Now because we have been forced into this crazy bailout, here they come with their hands out. I can just hear them, "Hey, the money is out there for the asking. We'd be crazy not to get our piece of the action. I don't care if they go down, maybe if they do, some new companies will arise and do things better. Like get rid of the corrupt unions...

It amazes me how Reid and Pelosi can talk out of both sides of their mouths at the same time. Pelosi has already started the "payback" to LaRaza with immigration reform promises and a seat at the table while compiling their "wish list". LaRaza delivered Latino votes from 4 states to Obama-or so they take credit. More worker visas and amnesty are on the slate to fill millions more jobs as Americans lost nearly another 240,000 jobs last month. And we're supposed to believe Pelosi and Reid care about the American worker ?They're doing everything in their power to undermine them.

Funny that this plea comes from some of the same people that have for years wanted to impose tighter and tighter fuel economy standards on Detroit. Maybe they see this a chance to increase their strangle hold on the industry.

I am initially agreeable to throwing GM, Ford and Chrysler 'under the bus', but my anger is tempered by the fact that Washington has constrained this industry with so many regulations and restrictions, that they cannot squeek without causing a regulatory tsunami. There was a great article in the Wall Street Journal this week about how Detroit has strange CAFE requirements, odd vehicle mixes, union rules, etc. that none of the foreign-owned domestic automakers (Honda, Toyota, BMW, etc.) have to comply with. OK, I don't know if these rules were created as a deal with the devil to get other concessions, but the point is, that the current management, no matter how lame, are basically in a boxing match with one hand tied behind their back (maybe two.) And this doesn't even begin to address the legacy retiree medical and pension liabilities. Maybe bankruptcy _is_ the answer...

These left-wing illuminati officials scare me a great deal. I can not fathom what it's going to be like for us when no one will stop them.