Bad PR to say the least, but should come as no surprise. These fellows lost touch with reality. Unfortunate thing is that your politicians lost it as well. Look closer who are politicians is it by chance that all of them are multimillionaires? They are not representing, so called, middle class. These fellows will be saved and an average Joe will pay for it (if he is lucky to have a job). Their salaries are not only abusive but immoral, above some level the power this kind of money can buy is dangerous. One should also notice that in other countries salaries of top men are at the fraction of these geniuses and the product they manufacture seems to be better. Wages of workers (is it about $70/hr) seem to be obscene as well and however weakened unions are they were won by political and opportune pressures. All of it now comes to  fruition. There is nothing what these execs and workers do what people in other places in the world can do. The solution against such an abuse would be a very progressive taxation, more importantly make abusive salaries socially unacceptable. And do not fell into that charity sham, making heroes of ones who rip off the society and  give pennies to make themselves feel good.

No Bailout....if these Bozo CEOs did their job and made quality cars more people would buy them...or if quality cars were not selling due to a bad economy...Nissan or Toyota would acquire/buy Ford and/or GM's assets outright.  If private industry see no value in invest in them then they are worthless entities.

No Bailout....if these Bozo CEOs did their job and made quality cars more people would buy them...or if quality cars were not selling due to a bad economy...Nissan or Toyota would acquire/buy Ford and/or GM's assets outright.  If private industry see no value in invest in them then they are worthless entities.

Back in the day, when Iacocca went begging the government for loans, he was making $1 per year.  If the auto execs were really serious about salvaging the industry, not lining their own pockets, we'd see some of these guys working for little or no pay.  This would also send  a strong message to Washington!

It's no good to let any of these companies die, in such a drastic way. They're working out the problems as we speak. Also keep in mind what does it take to keep America such a wealthy country on the earth. In automotive golden year, these companies bring in millions if not billions profit from global operations.  If they die, maybe we should beg Toyota to keep its profit here to support all the GM retirees who for sure will be on government's welfare == your tax money).

All of you need to read a book on the great depression and see the affects of 25% unemployment!!!!

I do not agree with your point of view

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to the person that said we dont have a problem paying actors money that is true and they wouldn't get paid that amount if we didn't pay to go to the movies and buy the movie's when they come out.  The problem with gm is they are nt making any money and they haven't for some time.  And why is that because some american's think they are worth so much i think we should get rid of the unions all they do is force employees to know that they can get more than they deserve.  pay when they are loaid off fullpay even though they dont work the hours.  i have worked in the work force i see what normal is and its getting paid for the work you do and putting money in your retirement not letting a company give it to you.  If you go out to the car lots and look at the cars of the company's in trouble, you see high prive for cheap stuff we as normal people want things that are a fair price and worth the money that we pay for it after all we worked hard to get that pay chek.  Maybe the people asking for all the bail out money should go leave in a normal life and remember what most people have.  

Come on U.S.A.--Let us step up to the plate like our forefathers did and remedy this problem.Sure it will take concessions from labor and management and just good old common sense to recognize the problem and then go about fixing the situation.It may take some folks to seriously suffer before they wake up and realize that we have to earn our way each day. The global competition will force us to do this anyway. I know this sounds like a cheer leading event but the truth is that the race is on and our foreign competitors are closing fast. The wolf is at the door and we know how to make it go away...SO LET'S JUST DO IT!!!!!!

Too many working Americans will suffer if our auto industry collapses. Not just at GM, Ford, Chrysler. Dealerships will close, parts suppliers will close, it will ripple throught this country for years.

Foreign governments (Korea, Japan, China)  subsidize their auto industries and have gotten an open door from our government to dump their products here.

Do USA companies get the welcome mat from foreign governments and import our goods as enthusiastically?

When politics is completely removed from our "Free-Market System" I would agree not to bail out our auto industry.