Comments on: Is General Motors worth saving?

By: James Smith

James Smith — Fri, 14 Nov 2008 23:27:20 +0000

GM should not be saved in isolation or without oversight into how the money is used. Most mention forcing them to develop more into green technology. Duh! Electric cars are fine, but no one is talking about government incentives and support of establishing a hydrogen fuel-cell transportation system. We have gas stations across the country and they could be re-tooled to provide hydrogen fuel. Several car companies are working on hydrogen fuel-cell cars, but there is no infrastructure to support such vehicles...thus the progress is limited. Government could invest in such a technology and then the enbattled car companies could produce a product which fits the economic/environmental realities our country faces.

By: ngonzales

ngonzales — Fri, 14 Nov 2008 23:26:50 +0000

I stopped buying American cars 40 years ago. Why, because after 2 years they broke down and had to be replaced. GM and the UAW colluded to cheat the consumer and now GM and the UAW are reaping what they sowed. To rescue these economic thieves is a grave mistake. GM deserves to go into bankruptcy, disavow those sweetheart deals with the UAW, and begin again. Let GM pull itself out of their mess by intelligent management and production. Let the UAW realize that it must not only be responsible for its members but to the consumer and taxpayer. Quit feeling sorry for GM and the UAW. The taxpayer and the consumer deserve justice. No Bailout.

By: Dave IA

Dave IA — Fri, 14 Nov 2008 23:26:18 +0000

Just like any company, let the market decide who survives....wait a minute, where am I going to buy my parts for my 5 year old Chevy when they go under???

By: Crystal, M

Crystal, M — Fri, 14 Nov 2008 23:26:09 +0000

NO WAY!!! I think this is a wake up call for americans especially when it comes to our products and services. I am sure everyone has heard the term you're paying for the name and not the product. There are alot of Companies raping american consumers by charging us ridiculous amounts of money just cause they can. Competition has a new definition GREED big wigs want to impress people with money and big houses i want to impress people by feeding my family and paying my bills on time.

By: Carol Trejo

Carol Trejo — Fri, 14 Nov 2008 23:25:25 +0000

At least fire the Ceo's and let them go home with their billion dollar pensions and try to buy groceries like the rest of us!
Silly yes, but really...what do they need all that money for?
Can't anyone be "satisfied" anymore?

By: Bill

Bill — Fri, 14 Nov 2008 23:25:18 +0000

No. How many times are we going to bailout this losing company?? Honda and Toyota should buy GM, phase out the gas guzzling production and focus on building fuel efficient vehicles. Yes, people will lose their jobs...but in the end jobs will be created and our environment will be cleaner.

By: MEP in Toronto

MEP in Toronto — Fri, 14 Nov 2008 23:24:28 +0000

GM is no AMC.My family has been involved with GM ever since the twenties and it is a lot more than just another faceless company to me. It has kept cities like Windsor and Oshawa whole and has taken care of its workers. This financial failure is partly due to rising health costs for workers. GM also gives important jobs to all of its suppliers.GM is about a family- oriented approach to big business and perhaps now GM will have to pay the price. I am proud of my association with GM whatever happens. If GM fails, what American company can stand?

By: Debra Albert

Debra Albert — Fri, 14 Nov 2008 23:23:37 +0000

Easy solution to the auto industry bail out. Let the BIG oil companies bail them out! They certainly have the money to loan.

By: vicki

vicki — Fri, 14 Nov 2008 23:23:14 +0000

GM may not be worth saving, but those thousands of people that will be out of work are. GM employs a lot of people, and a lot of smaller businesses sell their products to GM. So basically if one falls, they all fall. The main problem with that is everyone is dependent on everyone else. So if those people loose their jobs, then they can’t pay their bills, they loose their homes, and they cut back spending even more. This in turn causes the rest of the economy, which includes the everyday store clerk, or waitress to loose their jobs. Why?? Because no one buys anything, no one eats out anymore. It's just a big mess, with a huge domino effect.

By: MH in Ky.

MH in Ky. — Fri, 14 Nov 2008 23:23:05 +0000

Yes!!!! If these auto companies fall- then their suppliers may fail also leaving many more unemployed- then there will be much less money to spend, adding to the economic decline. Then we will truly know the results of trickle down economics!!!!