The CEOs of GM, Ford and Chrysler are back on Capitol Hill asking for loans, now asking for up to $34 billion in federal loans, much more than their previous request of $25 billion. They are now pleading that they will run out of money to operate by the end of the year if they don't get this financial aid.
The CEOs drove fuel-efficient hybrids to Washington,instead of flying in on corporate jets like 2 weeks ago. They also agreed to cut their yearly pay if the bail out happens.
Do you think Congress should just accept the bail out? Or should there be more compromises made first??
yes i absolutly think there should be more conditions to this agreement, i believe the "Big Three" should be focusing on hybrid cars for selling rather then producing huge gas guzzlers. It's ridiculous just because they met in washington again this time in hybrid cars they should receive $34 billion dollars? no way!
ahh, i was just talking about this last night. If these companies aren't bailed out and fail, that is 5 million people out of work... which would affect 20 million people. This seems like an open door to a depression. I thought I should probably buy a bike but then thought about how crazy people are and decided I should buy a gun.
Do you think if we were to fall into a depression we as a people would come together or turn against eachother in means of survival?
Those who are losing their houses, losing their businesses, and losing their retirement funds aren't really getting the bailout they deserve, so why should billion dollar corporations get the aid? A country is only a strong as it's consumer base, which is in dire shape right now.
i think there should definetly be more conditions to the agreeement its accurate to assume that if the big three set a good example by producing energy efficient cars other companies would follow
however does anyone know the exact terms of the propsal aside from the above stated conditions?
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"I have nothing to offer anybody except my own confusion" -Jack Kerouac
chris there aren't really any details yet because there are so many people fighting for more conditions and others fighting to leave the agreement as is, so there are no real conditions on the bail out yet, they are still negotiating to find a compromise.
they should be bailed out, but have their salaries cut to $100,000 and force them to make 80% of their vehicles hybrids. They should also have to make all of their non-hybrid vehicles achieve 20mpg or better, because pick-up trucks waste too much gas
