Comments on: Bailout for the auto industry?

By: wickle

wickle — Fri, 21 Nov 2008 04:56:43 +0000

But can you really expect them not to have filet mignon every night? Really … have we no compassion on the billionaires facing the peril of becoming mere (dare I say it?) millionaires?

I mean, what kind of life is that?

By: Larry

Larry — Thu, 20 Nov 2008 22:47:49 +0000

Yes, heaven forbid they have to dry dock a yacht. That might put a crimp in their lifestyle.

By: onemom

onemom — Thu, 20 Nov 2008 20:54:45 +0000

problem is, they don’t care. Most of these folks at the top have so much money socked away (off-shore no doubt) that even if the companies go under, they won’t be living on the street or worrying how to put food on their table. They might have to put a couple of yachts in dry dock, but they are unlikely to suffer.

By: Larry

Larry — Thu, 20 Nov 2008 15:29:24 +0000

I agree that the oil companies want to help the auto companies, then they should be allowed to do so, but only if it is voluntary.

I just wish these companies would see the damage they are doing when they ignore the workers who make their products, in order to pay these top executives so much money.

By: wickle

wickle — Thu, 20 Nov 2008 15:12:10 +0000

Actually, though, Christianliberal’s idea isn’t a bad one … if we reword it to “Why don’t the oil companies take some of their profits and give them to the auto industry, since they need each other.”

If Exxon wants to bail out Ford, it’s okay with me. I won’t make them, but it could be an interesting idea.

(I’m avoiding getting into regulatory technicalities, here.)

You’re right that the people at the top are the problem. For the record … how many workers at $30,000 do you think you could save if you sacked a few managers making $1M? Hmmmm …

By: Larry

Larry — Wed, 19 Nov 2008 11:35:01 +0000

Taking money from the oil companies would be some more of the “spread the wealth” theory. That simply would not work and even if it did, it simply isn’t right.

By: Tam

Tam — Wed, 19 Nov 2008 04:09:21 +0000

Umm – Chrsitanliberal… that is just wrong.

Larry, I am afraid that, just like with the financial bailouts, more of the oppostition will fade…

By: christianliberal

christianliberal — Wed, 19 Nov 2008 02:29:46 +0000

The big three auto makers, Ford, Chrysler, and General Motors, are asking congress for a bailout to the tune of $25 billion.

Hey, I’m no genius, but why don’t we take some of the profits of the oil companies and give it to the auto industry?
Certainly the two cannot live without each other, and certainly the oil companies can afford it.