Pacifica is dead, btw.

↓↑report

TJ-

You're right...I pray that we can weather the storm and get these cars to market...the future is bright for MOPAR...it's just the present that sucks.

↓↑report

They have $11 Billion on hand, why do they need a loan again?

Shoot, just cancel all your non-selling cars and stick to three or four models that you KNOW will bring the bucks in.

↓↑report

What scares me is you folks talk about your "overlords" or the "feds" as if this was someone else's money. This is your money they are spending and you poor folks are already in debt like nobody has ever been in debt before and were already spending it faster than it was coming in before Iraq. Now you are bailing out Fannie Mae, Freddie Mac, AIG, Ford, Chrysler, GM, my cousin Vinnie and everyone else who wants some cash. Anyone else wondering what happens when the magic fountains of money run out?

I personally take Cerbyler's figures with a grain of salt since they are a private company they have more freedom to play with their numbers. It seems really bizarre to think that they are supposedly investing more money in better quality interiors, developing EV vehicles and next Gen designs that are going to blow our socks off and posting 30% sales declines but still not losing that much money. Something doesn't add up. I really hope Chrysler does get back on track but in the meantime save us the fud and tell the truth.

↓↑report

"and everyone else who wants some cash."

No, I am well aware of all you talked about. I am against any form of bailout, both to wall street or to 'main street'. All I want is my own damn money back.

↓↑report

So Wall Street is greed and corruption, but Mullaly making 20 mil and Wagoner making 16+ mil, while losing billions is what? Charity?

↓↑report

@ Vagina wolf

I have never agreed with any of their salaries. I don't agree with any CEO making more than 50 times their average employee. In todays world it is more than 300 times. Its where most of the money is going today, in CEOS pockets. All CEOs today are cutting wages, cutting benefits, and doing more with less workers. Instead of giving their employees raises (because now they do more) to keep up with inflation and cost of living they just put those savings in their own pockets by giving themselves more raises and bonuses. If a company has a bad CEO that has run the campany into the ground they have to pay him millions of more dollars just for him to leave. What a crock! Payed for ruining a company! This is all part of the down fall to our economy. Wages are down. Buying power in the workforce is dissapearing. We are going backwards not forwards.

As far as Wall Street greed. Everyone in America's 401k and retirement is tied to it. They played with other peoples money and took to many risks with it. They knew those subprime loans were going to fail. They counted on it so they could sell the homes for more money once they repoed them. It was too big of a gamble. It failed. And now the taxpayer has to foot the bill so their life savings isn't lost. Mean while those CEOs and management get to sail away on their private yatts not losing a dime because they still have all of those Lobbysts in Washington paying people to help them and look the other way. Thats greed and coruption!

↓↑report

@ Vagina wolf

I have never agreed with any of their salaries. I don't agree with any CEO making more than 50 times their average employee. In todays world it is more than 300 times. Its where most of the money is going today, in CEOS pockets. All CEOs today are cutting wages, cutting benefits, and doing more with less workers. Instead of giving their employees raises (because now they do more) to keep up with inflation and cost of living they just put those savings in their own pockets by giving themselves more raises and bonuses. If a company has a bad CEO that has run the campany into the ground they have to pay him millions of more dollars just for him to leave. What a crock! Payed for ruining a company! This is all part of the down fall to our economy. Wages are down. Buying power in the workforce is dissapearing. We are going backwards not forwards.

As far as Wall Street greed. Everyone in America's 401k and retirement is tied to it. They played with other peoples money and took to many risks with it. They knew those subprime loans were going to fail. They counted on it so they could sell the homes for more money once they repoed them. It was too big of a gamble. It failed. And now the taxpayer has to foot the bill so their life savings isn't lost. Mean while those CEOs and management get to sail away on their private yatts not losing a dime because they still have all of those Lobbysts in Washington paying people to help them and look the other way. Thats greed and coruption!

↓↑report

Brian i do not think that ALL CEOs are making too much. If i owned Berkshire Hathaway i would not mind paying Buffet 50+ Mil a year. He showed that he is worth it. I would not mind paying Steve Jobs 100+ Mill a year. That guy made Apple investors so much money, it is amazing, almost everything he touches turns into cult like obsession that brings billions to stock holders.

CEO pay is not the issue, the issue is CEO pay and job security when you show no ability whatsoever to lead a company...WAGONER. How much money has he lost, and the board last month said that they have utmost confidence in him.

Here's a little something for you, CEO of Du Pont seats on GM board, Du Pont's largest business is auto related (paint, chemicals). Do you see a connection here? Should she question Wagoner, he would stop doing business with Du Pont, resulting in huge losses for her company. So she has an incentive to make sure that Wagoner gets paid and has a job security.

There are bad people, there are bad companies, but then theres Wagoner and GM.

↓↑report

I'm not exactly for socialism. But Everybody thinks its the most evil thing on this planet. You need certain kinds of social programs for things. In Europe health care, public transportation, and certain retirement programs are socialized. Those are not bad things to socialize as long as their done right. Also some people tend to say that regulation is form of socialism. Its not. Deregulation gets us into messes like we are in today. I realize that this is a free market but its a little too free. The freeist in the world. We let the entire world stick their fingers in it. And it has come back to hurt us in many ways. Alot of other countries have more regulation of foriegn companies coming into their own country so it doesn't hurt their own buisnesses. For instance: A government might impose tarriffs on goods to even the pricing for fair market. This makes sure it doesn't hurt theirs. A local government might make a new company match the wages of the workers in the competition so if one goes out of buisness those jobs aren't downgraded. Regulation prevents economies from becoming the wild west. It is needed. Every other country is more strict with it than we are. Just don't call it socialism.

↓↑report

I'm not against regulation.
I do agree that deregulation got us in the mortgage crisis mess we're in today.
I think socialism is something we have to watch out for.
Big government, high taxes ,generations of people growing up dependent on the state etc. saps the will of the human spirit and squelches new ideas.

↓↑report

The more i follow this bailout the more i think the government should have stayd out. Worst comes to worst we would be in a recession. You know what, we had in it 2001, it wasn�t all that bad. This thing will cost taxpayers huge amounts of money, but far more important is that USA died. We are now officially, France, Israel, Russia, Sweden. Government and business are one entity.


P.S. I would support the bailout for automakers if these loans were given too

#1 All companies regardless of country of origin

#2 Only and only if automakers agree to much, much higher MPG standards. So the government helps the nation become oil free and clean up our air. We can not give out loans to help a few companies stay alive.

↓↑report