Jack B.

GM: More Bailout-Worthy than Citigroup

Oh My Goodness!! If they DID NOT need it then why take it and why not give it all back immediately. Oh, I forgot, they are using taxpayer's money to buy little banks in Foreign Countries

Interesting comments about GM, If their vehicles cost to much,how were they able to sell 9.7 million units in 2007( more then Toyota and Honda combined). You must be another one of cronies that is Bought out by Big Oil. At $1.70 a gallon, how many people are going to buy little Prius hybrids now??? Ill answer that, now that BIG OIL broke the back of this country at $5.00 a gallon gas (monopoly,price-fixing < that's a real free market)(Last time I checked Monopoly's and Price -Fixing were illegal) No one will buy any car because we will all be laid off. Wonderful Job Big Oil and all you crooked politicians.

Why are the Big -Three automakers so afraid to expose the Big Oil folly's???


On Dec 05 03:44 PM User 313790 wrote:

> Having the ability to get inside info on Citi, I can tell you that
> they did not need the bailout. They accepted it to stabalize the
> mass frenzy of investors driving down the stock. With regards to
> automakers they have lobbied congress away from tougher gas standards
> and have actually killed many of the proposals to switch their business
> models. As more and more dollars got built into the price of a car
> via unions what do you think the American people chose to do? Although
> fear and uncertainty is currently present in todays markets, the
> media continues to drive it home daily. This constant reminder that
> our indicators are "off" pushes people into panic mode. I am a firm
> believer in the free market system and I understand that every 7-10
> years something in our system needs to correct itself. It has to
> fail in order to get better. Congress this time around, pushed hard
> to lower lending criteria and "we" responded, even if we were not
> able to afford it. Personally, when I invest my money, I read everything.
> Maybe that is a lesson that should be learned by the consumer who
> rode the false waves of funny money. I did learn that oversight
> to some extent needs to be present. Something that was lacking in
> this mess, but something that should be learned next time around.
> To close, I believe that no bailout of anything should ever be inserted
> into a free market supply/demand model. You taint the very thing
> that creates the wealth in this country

GM: More Bailout-Worthy than Citigroup

Beatdown,
You are so right... Shelby has been bought out like all of the Free Market Republicans....( to think I was a die hard republican for so many years) No longer. I do not like traitors...The pompous Republican's sold us down the river, Shelby,Corker(another idiot) etc..... Keep it up idiots,You sold out to Big Oil,The Japanese and the Germans. How much Tax credit did you offer any of the big three to build plants in Alabama Shelby????? None? That's what I thought.

Also what are all you prima donna Republicans going to do when all of the new Gm workers are making $22 an hour compared to Toyota's $38.00. Will you find a way to call that unfair competition???

By the way the $22 an hour was already in place 2 years ago in agreement with the Uaw for all new hires. So when all of the old gm people retire, The foreign Auto Makers will have a Much higher labor cost then GM. And I suppose Shelby will find a way to Toyota some more tax credits.....

On Dec 05 05:47 PM Beatdown wrote:

> The big three just don't happen to be Paulson,Franks, or Bush's buddies.
> If they were they'd be handed 1 trillion in cash and 7.4 trillion
> in loan guarentees. Then they wouldn't have to fly to Washington
> to talk to congress.They would just have to make a phone call. The
> next day the money would be direct deposited in their bank. Oh, and
> if they were an oil company Bush would give them 15 billion while
> they made record profits. Let the big three die and save the paper
> pushing jobs. This country was made great because we rebuilt the
> earth by manufacturing everything here after the World wars. This
> country is devastated because people forgot that and all our currency
> is shipped overseas. The reason the asian and South American econnomies
> have boomed is because congress is owned by their campaighn money.
> Senater Shelby is a servant to his Japaneese masters. The banking
> bailout and benevolent transplant man can't cough up money for Americans.
> This is because he is owned by unamerican interests. Wake up America,
> trickled on economics only works for the top 1%. Rebuild the middle
> class by making congress responsible to our own American interests.
> I feel bad for all our forefathers who fought for the world, only
> to have Washington give the fruits of their patriotism to foreighn
> interests.

GM: More Bailout-Worthy than Citigroup

REALLY???? Then why are they(citibank) so Afraid to disclose where the 300 billion went?? And if they are so healthy, Why did they need $300 Billion to begin with??? Interesting the auto makers go through hell and a bunch of BS to try and get 1/10 of what Citibank got. When does congress grill them??? I can hardly wait.

By the way, Thank you Martin for a good article "exposing" the bank nonsense.... I agree, banks are plentiful, automakers are not....

On Dec 05 05:47 PM GoBlue wrote:

> You've really lost your mind. Citi is healthy, was healthy, and
> you're assuming that all of the $300 billion (asset backed) is worth
> exactly zero. Even Lehman and Wamu debt is worth less more than
> that. I bet the taxpayer doesn't loose a nickel on citi when the
> economy picks up.