CNBC's Mark Haines Mocks Automakers: "Please Give Us Money, We Screwed It Up"

CNBC Squawk On The Street anchor Mark Haines has spent a lot of time in the last week berating American automakers as they have been lobbying for a $25 billion bailout from Congress. As a vote likely nears, Haines has had more guests on his show to talk about the automakers and it seems to be making him more irritable.

While watching for what seems like an inevitable meltdown fight with auto reporter Phil LeBeau, we caught this moment of Haines employing a little voice to mock the automakers.

WATCH:

We're just minutes away from the big three on Capitol Hill. Today they're in the House wearing out their knees, making the case for a bailout: "Please give us money, we screwed it up really royally."

Co-anchor Erin Burnett can be heard being frustrated with Haines at the end of the clip.

Comments

[treeb]

To suggest Americans only "suddenly" wanted better economy cars since oil hit $130 a barrel is a lot of bull . . . just look around at the popularity of the Toyota Corollas, Camrys, Honda Civics and Accords. America has been buying these reliable, more efficient cars with a higher resale value for more than 20 years and the big 3 just couldn't or refused to respond to that niche.

It may be that so many people got burned with the economy car=crap that American manufacturers spewed out in the 80's and 90's and gave up on them--now their bad marketing and disdain for the little guy is coming home to roost. Who really wanted to drive a Chevy Chevette?

[Steelrod]

the guy is adochhebag .

[philosopherkingtomas]

Erin Burnett is hot!

[Loki11467]

but did Mark say the same about the banking industry?

[Maschine]

Before tehy get one single penny, One question must be asked and the answer must be the truth.

WHY did GM kill the EV1 in such a brutal manner. We Canadians witnessed a similar situation when the AVRO ARROW was killed 40 years ago. Arguably, that action wiped out our Aerospace capabilities and greatly enhanced the US with many of the AVRO engineers leading the way at NASA.

They lost 22 years of research and development when they killed that car. That idiocy must be explained.

Not one penny unless we understand how these idiots think.

[special muppet]

We have had successive governments that have told us that small, economical cars are UN-AMERICAN. Period.

American car-makers like Ford and GM have been making compact, efficient cars in Europe for decades. It's the politicians and right-wing talk show hosts in the US that made it almost impossible for them to market these products in the US.

The US has been wearing it's low gas prices and guzzling, inefficient monstrosities as a badge of honor for my entire life.

All Americans are to blame for this. Suddenly, in the last couple of years when oil hit $150 a barrel, and the reality of Middle Eastern wars hit home, America woke up and suddenly expected the US car manufacturers to have a line of efficient cars standing by in the wings.

Americans have been morons. We are to blame. We should try to give our auto industry a second chance. With the political will, I'm sure they will rise to the challenge.

[Maschine]

True True

Some of Fords econoboxes get 50 MPG plus.

Jimmy Carter warned about this, and as you say, Amewricans have been morons ( throw in Canucks )

[2liveNdie]

Pay them for a month and then..............................................................

[nycelite]

Have they admitted they screwed it up? They don't seem to be willing to say they will change anything going forward. It seems they just want the money.

[munki]

"We really screwed it up"... ok... where is the Performance basis pay or different contract?

[jesoph]

Please give ME money! I screwed up and fed my family, instead of paying $19,000 in medical bills, last year. Such a stupid decision qualifies ME for a bailout, doesn't it?

[themodernleader]

The moguls of Wall Street and their media sidekicks demand big money to undo the sins of crooked bankers. On the other side, American manufacturers whose demise will wipe out millions of jobs of middle Americans must live by the rules of American capitalism: Banking interests are the only interests.

[ToddlerJ]

Burnett & Haines are all over the market and the daily events like no other morning talking heads. Opinions in the business news are welcome, especially now. Keep it up Erin and Mark!

[joebaggadonuts]

If the US would simply buy these guys out at current stock prices, they/we could put in a new board, loan ourselves the money, force retooling and reengineering and sell the shares back to the public when and if it floats. If it never is saleable, at least it keeps the jobs paying and consumers spending while we go through this current downturn.

Buy em, get rid of their management, turn em around and sell them. I don't really care if their management is a box of crackers at this point when we are talking about a hit of another 3 million US jobs. Getting rid of management and promising to keep payrolls going is what is needed here. NOT a bailout, but a buyout.

[BlackTom]

Thank you Joey!

In the hundreds of articles and comments I have read, you are the first to mention the existence of a Board of Directors, who is actually responsible for the direction of these companies, although strangely not too accountable, publicly at least. Maybe not strange these days.

We absolutely cannot afford to lose these jobs. If they do a Ch 11, you might as well go out and put the retirees out of their misery, or put them on buses to their kids' homes, because that will be the end of their pensions and health care.

Unfortunately, the pubic is addicted to hyperbole, and the Congress is dependent on the public for their jobs. So we can look forward to more union bashing or bridge loans with strings that have little hope of actually solving the problem.

Big chunks of MI and OH are already as depressed as any of the worst parts of the rust belt - with homes selling for $10,000 because there are no jobs. Can anyone even imagine what would happen if unemployment hit 40% in MI ? Mad Max central.

[behindthescene]

HOW DO THESE REPORTERS HAVE THE NERVE TO TAKE THE PAYCECKS THEY DO???.....

WE KEEP FORGETING...THESE ECONOMIC REPORTERS NEVER WARNED US ABOUT ANYTHING....HAS NOBODY BEEN FIRED???

[luke150]

Their job is not to warn you. Even if they warned you, you wouldn't listen. When the party was going, nobody wanted to hear about any problems.

[BlackTom]

Remember Jim Cramer of Mad Money screaming that Bearn Stearns was fine, don't sell it - the day before it completely tanked?
I saw a great compilation of Fox economic panelists repeatedly bashing Peter Schiff, who has proven to be correct in everything he said.
Sadly, pundits don't have to be anywhere close to correct. All they have to do is keep people watching, so the netwrod can sell advertising.
That's all journalism is - a way to sell ads.

[RobertAndropolis]

I wonder if Ms. Burnett wasn't voicing frustration at the greed of the automakers.