Detroit Bailout Reaction

Nationalizing Chrysler

Larry Abrams | Posted 05.25.2011

The "creative destruction" argument conveniently forgets that it wasn't the "free market" that created the American Way of life, but a working class that was paid well enough to consume.

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Unions Aren't To Blame For Automakers' Woes

Mike Papantonio | Posted 05.25.2011

Read More: Automotive Industry, Air America Radio, Mike Papantonio, Union, Recession, Detriot, Uaw, Organized Labor, Bailout, Ring of Fire, Union Busting, Economy, United Auto Workers, Detroit Bailout, Automakers, Walmart Unions, Economic Policy Institute, Gm, Automaker Bailout, Richard Shelby, The Big 3, Epi, Big Three Automakers, Jim Demint, Detroit Three, Ford, Afl-Cio, Cars, Detroit Automakers, Detroit Bailout Reaction, Chysler, Auto Industry, Bailout Outrage, Business News

If the centralized, organized mouthpiece for labor is destroyed, then so is the only advocacy vehicle available to the nonunion worker.

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Save the Jeep; Save the Nation

Leo W. Gerard | Posted 05.25.2011

Read More: Citigroup, Washington Mutual, Gm, Economy, United Auto Workers, Sen. Harry Reed, Ford, Mitt Romney, Fannie Mae, Credit Default Swaps, Congress, Collateralized Debt Obligations, Big Three, Aig, Chrysler, Freddie Mac, Wall Street, Lehman Brothers, New York Museum of Modern Art, Jeep, Uaw, World War II, Capitol, Senate Majority Leader, Willys-Overland, Detroit Bailout, Automakers, Bailout, Automaker Bailout, The Big 3, Detroit Bailout Reaction, Detroit, Big Three Automakers, Detroit Three, Detroit Automakers, Cars, Chysler, Auto Industry, Bailout Outrage, Business News

Congress cannot let the Jeep die in bankruptcy. Congress must not fail the U.S. auto industry. Doing so would be abandoning the core of the American economy -- manufacturing.

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Procrastination Doesn't Fix It

Joan Blades | Posted 05.25.2011

Read More: Uaw, Big Three Automakers, United Auto Workers, Detroit Bailout, Detroit Three, Automakers, Jobs, Bailout, Cars, Detroit Automakers, Labor Unions, Detroit Bailout Reaction, Unemployment, Automaker Bailout, The Big 3, Auto Industry, Unions, Detroit, Business News

Why not convert one third of the automakers' industrial capacity to building state-of-the-art wind generation? We need to be strategic in solving our economic and energy woes.

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Bush Punts Auto Industry to Team Obama; UAW Concedes Even More

Steve Parker | Posted 05.25.2011

Read More: Tarp, Automotive News, Msnbc, Wall Street Bailout, Union-Busting, Troubled Assets Relief Program, Chrysler, Right to Work, United Auto Workers, Rick Wagoner, Honda, Cars, Detroit News, Ford, Automaker Viability Plan, Auto Bailout, GM VP CFO Ray Young, General Motors, Richard Shelby, Two-Tier Pay, Chrysler Viability Plan, President Bush, Foreign Transplant Factories, Ford Viability Plan, Detroit Bailout, Bob Nardelli, Automaker Bailout, Uaw, Robert Reich, Managed Bankruptcy, Default Car Czar, Alan Mulally, Detroit Three, GM Viability Plan, Clinton Administration, Barack Obama, Rachel Maddow Show, Alabama, Asimo, Bush Administration, Wall Street, Detroit Three Loans, Auto Supplier Companies, Big Three Viability Plan, Secretary of Labor Reich, Henry Paulson, Car Czar, Treasury Secretary, Jobs, Unemployment, Labor Unions, Detroit Bailout Reaction, Unions, Business News

This "agreement" is just another part of the recent "Bush/Cheney Revisionist History Farewell Tour." It was created to fail, just as long as that failure didn't happen while Bush was still president.

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Bailout or Not, Nothing Will Be the Same for Drivers or Detroit

Trevor Traina | Posted 05.25.2011

Vehicle manufacturers must re-engage their owners and offer them innovative services. What if GM included ads in exchange for lower pricing? What if they developed an in-dash system with Google or Apple?

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White House Still "Gathering Information" While Detroit Suppliers go Bankrupt

Steve Parker | Posted 05.25.2011

Read More: Toyota Camry, Chapter 11, White House, Thailand, Troubled Assets Relief Program, Flint, Chrysler, Rick Wagoner, United Auto Workers, Cars, Detroit News, Arizona, Facebook, Ford, Detroit Newspapers, Key Plastics, Los Angeles Auto Show, Mark Fields, Southern California, Larry King, Daewoo Lacetti, General Motors, Japanese Cars, Ford Flex, President Bush, Carl Levin, President-Elect Barack Obama, China Brilliance, Uaw, Bankruptcy, Gm, Minivan, Alan Mulally, Special Devices, Detroit Three, Gran Torino, Detroit Free Press, Washington DC, Sandy Levin, Clint Eastwood, Chevrolet Volt, Chevrolet Cruze, Bill Ford, TARP and Auto Bailout, Henry Ford, Detroit Three Loans, South Korea, European Cars, Henry Paulson, Sabic, Detroit Bailout, Automaker Bailout, Detroit, Big Three Automakers, Detroit Automakers, Unions, Auto Industry, Automakers, Jobs, Bailout, Unemployment, The Big 3, Labor Unions, Detroit Bailout Reaction, Detroit Auto Show, Business News

Even Bush doesn't want to go down in history as the man who oversaw the destruction of GM, Ford and Chrysler (I hope), and I'd guess Obama wishes he could install his own new team now and fire Paulson.

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Is the GOP Risking the Economy to Win the PR War Against Unions?

Art Levine | Posted 05.25.2011

Read More: Detroit Automakers, Republican Senators, Gop, Employee Free Choice Act, Corker, Auto Industry Bailout, Uaw, Mitch Albom, Big Three Automakers, United Auto Workers, Detroit Bailout, Ford, Detroit Three, Automakers, Jobs, Bailout, Labor Unions, Cars, Unemployment, Detroit Bailout Reaction, Gm, Chysler, Automaker Bailout, The Big 3, Unions, Auto Industry, Detroit, Politics News

With three million jobs at stake, potentially costing taxpayers $150 billion, unions remain the primary targets of the GOP blame game for the troubled auto industry and the failed bailout deal.

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GOP to America: Drop Dead, or "What's in it for Me?"

David Fiderer | Posted 05.25.2011

Read More: Detroit Automakers, Auto Bailout, Bush Administration, Mitch McConnell, Subprime Mortgage Crisis, Republican, Kentucky, Financial Crisis, Democrats, Detroit Bailout Reaction, Politics News

Let's be clear, the Republican senators' moves against the Detroit bailout is not about $15 billion, which is a rounding error in the context of the Iraq surge or the financial bailout.

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Modern Joads

Jeff Danziger | Posted 05.25.2011

Read More: Chrysler, Automaker Bailout, Gm, US Automakers, Rick Wagoner, Ford, Cars, Nardelli, Alan Mullaly, Political Cartoons, Big Three Automakers, The Big Three, Joads, Detroit Bailout, Big Three Private Jets, Detroit, Grapes of Wrath, Detroit Bailout Reaction, Business News

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Obama: Rescue Detroit and Buyout Gas Guzzlers

Diane Francis | Posted 05.25.2011

Read More: Environmental Policy, Trade Deficits, Oil Imports, Gasoline Prices, Green, Obama, Reaction Against Detroit Bailout, Age of Oil, Cars, Oil Prices, Gas Guzzlers, Detroit, Environment, Fuel Efficiencies, Detroit Bailout Reaction, Detroit Bailout, Canadian Oil Imports, Business News

The U.S. and Canadian governments should devise a scheme to get the gas guzzlers off the highways.

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Big Three Automakers to Give Every American a Free Car

Billy Kimball | Posted 05.25.2011

Read More: Big Three, Chrysler, Auto Bailout, General Motors, Rick Wagoner, Ford, Christopher Dodd, Free Car, Richard Shelby, Detroit Bailout Reaction, Detroit Bailout, Politics News

The plan, dubbed the "Unprecedented Winter Sales Event" in internal company documents, was reportedly the brainchild of a marketing team at Chrysler, the most beleaguered of the Big Three.

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Why I Like the Auto Bailout

Fortune's Stanley Bing | Posted 05.25.2011

Read More: Financial Crisis, Auto Bailout, Detroit Bailout Reaction, Detroit Bailout, Business News

In short, there's no opinion out there right now that's worth more than any other. If ignorance was bliss we'd all be tap dancing down Wall Street.

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The Auto Bailout and Post-Partisanship?

Hoyt Hilsman | Posted 05.25.2011

Read More: Republican Administration, Uaw, Automaker Bailout, Government Bailout, United Auto Workers, Economy, Ford, Congress, Obama, Bush, Chrysler, Mark Zandi, General Motors, Ron Gettelfinger, Bob Corker, Auto Industry Bailout, Auto Industry, Senate, Detroit Bailout, Automakers, Bailout, Gm, The Big 3, Detroit Bailout Reaction, Detroit, Big Three Automakers, Detroit Three, Cars, Detroit Automakers, Chysler, Politics News

This is a mess. Everybody in the auto industry is staring into the abyss - the automakers, the unions, the suppliers, the dealers - not to mention the government and the taxpayers.

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General Motor's VP Bob Lutz's Green Pose

James Hoggan | Posted 05.25.2011

I think the U.S. legislators contemplating this auto industry bailout package should demand Bob Lutz's resignation before dribbling a single dollar into GM's leaky pockets.

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Automotive Chiefs Announce Further Restructuring, Closing Ohio

Aemilia Scott | Posted 05.25.2011

Over the last few years, sustaining Ohio has become less profitable for automakers. When the state began to run at a loss, the Big Three began selling off pieces to Germany and Japan.

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80% Of Consumers Won't Buy A Car From A Company That Files Bankruptcy

Jane Hamsher | Posted 05.25.2011

Read More: Msnbc, Detroit Automakers, Ron Glantz, Richard Shelby, Chrystia Freeman, GM Bankruptcy, Economy, Automaker Bailout, Big Three Automakers, Bankruptcy, Detroit Three, Automakers, Detroit, Detroit Bailout Reaction, Auto Industry, Detroit Bailout, Politics News

Nobody on cable news seems to think that consumers will have any problem buying cars from a company that has filed for bankruptcy.

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What About The Government "Bailout" Of Foreign Automakers?

Jane Hamsher | Posted 05.25.2011

Read More: Automakers, Financial Crisis, Sen. Richard Shelby, Gm, Ron Gettelfinger, Detroit, Automaker Bailout, Detroit Bailout Reaction, Detroit Bailout, Video, Politics News

The domestic automakers are struggling under the same burden against their foreign competitors with the subsidies they receive as local businesses do against Wal-Mart.

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Bailout? Detroit on His Mind

Rick Horowitz | Posted 05.25.2011

Read More: Auto Industry, Big Three Automakers, Rick Wagon, Alan Mulally, Richard Wagoner, Federal Reserve, Congress, Ford Motor Co, Chrysler, General Motors, Bailout, Robert Nardelli, Big Auto Makers, Car Makers, Financial Crisis, Tarp, Detroit, United Auto Workers, Detroit Bailout, Ford, Detroit Three, Automakers, Detroit Automakers, Cars, Gm, Chysler, Automaker Bailout, The Big 3, Detroit Bailout Reaction, Business News

On their last visit, the auto execs asked Congress for $25 billion in bailout loans. A nice round number. So nice and round that it sounded like it had been plucked from thin air.

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Reading The Pictures: Shaming Detroit (While Wall St. Walks)

Michael Shaw | Posted 05.25.2011

Read More: Photos, Abc, Shaming Detroit, Shame, Auto Testimony, Auto Industry, Capitol Hill, Gm, Economy, Washington, News Video, Richard Wagoner, Photojournalism, Factory, Big Three, Politics, Chrysler, Honchos, Video, Auto Execs, Robert Nardelli, GM Factory, Auto Industry Hearings, Auto Bailout, News, Morality Play, Lordstown, Contrite, Detroit Bailout, Auto CEO's, Detroit, Detroit Bailout Reaction, Media News

What was completely predictable, if thoroughly heavy-handed, was the way the visual media shaped "The Return Of The Auto Executives" into a classic morality play.

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What Would Moses Do?

Francine Hardaway | Posted 05.25.2011

We should be selling cars like clothes: big family? You need a big car. Small family? You don't get to drive a Hummer for one person.

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It Takes a Movement to Save an Auto Industry

Miles Mogulescu | Posted 05.25.2011

Read More: Automakers, Automaker CEOs, Timothy Geithner Treasury Secretary, Automaker Bailout, Big Three Automakers, Citigroup Bailout, United Auto Workers, Auto Workers, Paulson Bailout, Financial Crisis, Robert Rubin Citibank, Auto Industry Bailout, Recession Watch, Auto Industry, Detroit Bailout Reaction, Economy, Politics News

Picture a massive caravan of thousands of people effected by the auto industry landing up in front of the Capitol demanding action to save their jobs and staying there until Congress acts.

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