More Videos
- Toyota Makes Recall Fix And So Long Saab
- The L.A. Extravaganza: A Test for Auto Shows
- Volt Drive: Great Ride, Interesting Interior and a Friendly Chirp
- Volvo Talks Show New Day Dawning for China
- Starting Car2Go - Smart Move for Daimler
- GM Cuts Losses—Plans Early Loan Repayment
- Ghosn's Bet: 10% of World Will Drive EV's in 10 Years
- Ford, Hyundai, Audi Gaining Interest
- Cadillac Converj Smart Extension of Volt
- Chrysler Makes Smart Call Staying Unplugged—For Now
MOST SHARED
- The Executive Job Search
- Where Do Pardoned Turkeys Go?
- Chinese Overcapacity is Worsening, EU Chamber Warns
- Activision Prepares to Double Dip on ‘Modern Warfare 2’
- Salvation Army's Kettles Now Credit Card-Ready
- US Mint to Suspend American Eagle Gold 1-Ounce Coins
- Judge Erases Couple's $525,000 Mortgage Payment
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Oil Friday
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
- China Overcapacity Worsening, EU Chamber Warns
- Investing in Good Karma – and Making a Profit
- China Unveils Carbon Target Ahead of Copenhagen
- Wal-Mart Price Pressure Hurts China Workers: Report
- UK Banks Must Disclose Top Pay: Review
- Black Friday to Avoid Red Ink; Greenback Gets the Blues
- Bankruptcies Jump, Hitting Highest Level in Four Years
- Steepest Black Friday Discounts, Revealed
- Where Do Pardoned Turkeys Go?
RSS FEED
Behind The Wheel
Text Size 
I admit e-mail responses from bloggers and readers is not a scientific sampling. I admit these answers may only represent a small portion of the public. That said, most people are telling me they hate the idea of Washington allocating $25 Billion in loans to help the auto industry. Some of your comments:
Behind the Wheel Comments: |
Matt told me: "When is this crap going to stop. This is exactly why the American public is fed up!!"
Henry agrees saying: "When can we-the poor taxpayers-quit bailing out badly managed companies and let them fail. First it was Bear Stearns, then Fannie and Freddie, now Ford, GM, and Chrysler. When does the taxpayer get a bailout?"
Justin doesn't like the idea writing: "If my manufacturing company goes bankrupt, will you propose a bailout as well?" 
And Chris e-mailed me: "The guys at Ford and GM as well as Chrysler were told as early as February of 2003 that the focus on these products was short sighted and that they should be moving to more fuel efficient engines and smaller crossover SUVs."
These e-mails are just a sampling of what I have heard over the last week as the idea of a bailout, federal loans, re-tooling package has picked up momentum in Washington. You may not like the idea, but if what I am hearing and seeing in Washington is any indication, there will likely be federal loans earmarked for the auto industry, not just the Big 3.
_____________________________________
Click on Ticker to Track Corporate News:
- Ford Motor [F
Loading...
()
]
- General Motors [GM
Loading...
()
]
- Nissan [NSANY
Loading...
()
]
- Honda Motor [HMC
Loading...
()
]
_____________________________________
Questions? Comments?
Data is a real-time snapshot *Data is delayed at least 15 minutes