UAW right now on local TV WDIV. No Bailout "one or all three could collapse by the end of the year."

[sarcasmo]

They are asking for Bridge LOANS not a bailout. The Banks got a bailout. This Michigander declares Michigan Dead if the loan is not approved, remember it is a loan not a bailout. Chrysler paid their full loan back under Iaccoca.

[Bozita]

1. watching

www.wdiv.com

[Morrisons Ghost]

2. Exactly

Why people keep calling it a bailout is beyond me! A bailout implies that it will not be paid back IMO

[PVnRT]

3. Don't hold your breath waiting for the media to make that distinction

They want to drum up some controversy, which "loan" doesn't do quite as well.

[napi21]

4. I'm not convinced a bridge loan is a solution to Detroit's problems.

After watching the 3 execs at the hearing the other day, it really does look like a waste of money.

I realize the Big 3 are in much worse shape than they ever were, but their business models haven't been working for many years. Why should I believe investing more money to continue the SOS is going to save them now?

If they would have approached Congress, like Iacocca did, with a completely NEW business plan, volnteer to work for $1.00 a year for the next five years, and trim the fluff like corporate jets and country club memberships, MAYBE I'd be inclined to consider helping them out, but minus all those things, I say NO MONEY!

[Possumpoint]

5. Bad Management Decisions For Years

plus a rigid business plan that's unable to quickly change to market conditions and union agreements that make labor costs uncompetitive equal no money. Besides the American market is saturated with cars. It was recently reported that we have 981 per thousand of population versus 24 per thousand in China. With out tax incentives to the buyers there isn't enough market to absorb the production capability of the US Auto manufacturers.