Good job Lori!

[The stupid internet connection swallowed my entire 20-line comment :-(]

The bailout is fine,but at a small interest rate is pure
stuck on stupid! Why? The government needs the money.
(After all we have to police the WORLD)

I am new to this sight,ive watched a few videos.Please stop calling it foregin fuel call it fossil fuel like it is.

Well, the bail out will not help because the auto companies essentially need to make some profits which comes from selling guess what, cars! And at this time people do not buy cars because they're afraid, don't have enough money, losing their jobs and cannot get as much credit. So bail out for the auto companies is kind of pointless because what difference will it make to the economy if their products will not be sold.

I personally think there is something else that should be done with that money, not bailing out the people because that would give around 60$ to every person in the States(15billion/population of the US), what kind of help is that? Solution is not in the bailing out.

I am in IT and back in 2001-2002 no one bailed out the IT companies when the .com crashed even though everyone knew there were so many jobs were to be lost.

And I am glad they didn't bail out the IT industry because the IT companies restructured and optimized their products and service accordingly.

Much of the fault for GM woes can be traced to the Bush administration. By starting all these wars and fostering even greater dependence upon foreign oil, the Bush administration condoned this wasteful mentality of conspicuous consumption and America's sense of false financial invincibility. In the process, Bush and Cheney did little or nothing to encourage American car companies to develop fuel-efficient hybrid vehicles. Since they promoted these shameful policies of waste and inefficiency, the car company executives implemented that which was being practiced by those in power. While GM was building these fuel hogs like their best selling Hummer, Toyota was pumping out Hybrids, which have now made it the Number 1 car company in the world. It's not that GM couldn't produce an electric/hybrid vehicle. They had a working prototype called the EV1, before Toyota launched the Prius, and were testing it on American roads as early as 1996.

http://en.wikipedia.org/wiki/General_Motors_EV1

Good plan BUT.... Again, you make the assumption that your government REALLY wants to be non-dependent on foreign oil. You make the assumption that your government WANTS to curtail their foreign policy of intervention in all states which have plentiful natural resources (particularly oil) for which MASSIVE corprations have been built and the money keeps rolling in while they build pipelines in Afghanistan and gain control of the oil reserves in Iraq etc. So yes Lori, it's a lovely plan but, if a President of the USA said "That's the way we're going from now on" I'm afraid he would last as long as Kennedy did.
And that, Lori, is what will stop your "utopian" ideals.
The fact is that the auto industry HAVE come up with incredible ideas and CAPABILITY in the past to negate the need for gasoline (therefore reliance on oil) and these patents etc have been stifled.
It is ONLY once you recognise the deep power structure and the desperation of the wealthy to retain it will you begin to realise WHY all these absolutely logical ideas will never fly. You MAY see lip service to it but you won't see it happening for real. It CAN happen but it won't be allowed to.
Sorry if you do not like to hear that BUT if you WISH it to happen start looking a lot deeper than you are.
Regards,

Yeah sure, I'm for the bailout. People argue that we shouldn't bail them out. But these aren't ordinary times. The economic fundamentals are so bad, that if inappropriate decisions are applied to this situation, it will make the unemployment rolls swell.

It's unfortunate, that the American economy was so poorly managed by Bush and his advisers during his term in office. He just didn't know what he was doing. I think Bush once said something about lighting a match under the economy with his economic stimulus of tax cats and deregulation. But now it's ready to implode unless Obama and the best economists in America can come in to fix it.

It's too bad, because if Bush hadn't touched anything, or better yet had never come to power, America would be perfectly fine. Bush should pack his bags, and resign immediately to allow Obama and his team to fix the problem. That's what happens when corporations get into a financial mess. They call in a team of troubleshooters.

I agree with Lori Resident, that the government should assume control of GM in a managerial role with key structural changes on how the company is to be run in the future. They shouldn't be given an unconditional bailout. If GM was unable to make proper decisions when times were good, it should relinquish its decision-making ability when times are bad in order to save the company and a major cornerstone of the North American economy. It's the only way to help nurse this vital industry back to health. Since GM employs so many people around the world, many other governments such as Canada in Europe will have to follow America's lead and bail out its subsidiaries.

Great minds think alike, Rez.

When I saw the title, I was going to write a comment to suggest that the money should carry the condition that they make alternative energy cars. But then you said exactly what I was going to say in the video. ;D

Let Exxon Mobile bail them out. They made more money than us.

Why are we, that is you and I the tax payer, bailing out corporate America? They sold out to China, Mexico, and many others years ago. We are the ones who need bail outs. While we fork over another $700,000,000,000.oo, we are still trillions into dept ourselves. What was the first thing one of the banks did with their bail out money? They sent their staff to an Arizona resort next to Camalback mountain in Phoenix. I have never been anywhere near that place because I am not rich enough (they guard the gates 24/7).

Why do the dirt poor have to bail out the filthy rich?

It's ok. We all have our rewards coming.

What makes you think the auto industry would do better than the banking industry. The banking industry has hoarded the money it was given except for internal profit or buying out other banks.

The only difference is the auto industry has more employees.

The same people who put us into our present mess are the same people giving money to industry management with no strings. In two months they will be gone along with the money.

How stupid are we. See above.

Firmly believe any corporation bailout is an insult to the taxpayers. Companies were mismanaged, gluttonous and disregarding to the general populace in their potential customer base. The automotive industry has been the first one to address economic shortcomings by... what?... laying off hundreds and sometimes thousands of people? - what a brilliant solution!. Now they come to papa gov begging for some cash to 'stay afloat'.

Everyone else in the world must tighten the belts and watch their wallets when financially lean teams come about, we must watch everything we spend on, make wiser decisions on what we need and what can we do without... maybe we even tap into our savings accounts and other resources *we have set aside for such moments*. Where is all the money the big three have turned in as profits? don't they have a piggy bank they could smash and survive with while weathering the storm?

I say this is a great opportunity to wipe the chronometers clean on failed businesses models. When one company fails and closes down, a leaner more efficient and conscious one will pick up the slack... the industry and their lobbyists will try at all levels to take us hostage waving flags with 'we employ thousands' and 'a lot of businesses depend on us'. Had they ever set a proper example, I probably take notice. But they have not. Let 'em rust >:-)

I hear ya, but making more cheap cars that run on oil is only a short-term solution. I admit I certainly haven't provided a complete solution here either though - it would take a lot to flesh this idea out! :)

I agree with you that government is missing an opportunity, but we differ as to which opportunity is being missed.

We need to make it cheaper for the auto companies to make competitive cars, not more expensive. Adding alternative fuels would make American cars more expensive to build, not less expensive and they can't make money on what they're selling now.