Why we should not invest in GM

I think we need to help GM anyway we can. Not for the executives, but for the employees. I do not believe we can stand any more job losses. There is not enough job openings to put these job losses into. Way too many job losses.

Just more half truths. When Toylet is paying it's workers Wal-Mart wages and basic no hosp. ins. with no retirees what do you expect. My son bought a Toylet and it's the most trouble prone car he ever owned ! By the way his money went to Japan it didn't stay in the US.

Mr Bias RETIRED GM EMPLOYEE!! I have TWO Toyotas. One Has 304,000 and still runs like a champ!! The best cars or trucks I have ever owned!! And most GM cars are made WHERE??? Canada & Mexico... GM needs to roll with the changes. And the UAW needs to relax or go away..

When the big 3 go look out because the country will be in a depression .

If they are to remain viable they have to have a business model that works....without it they will go bankrupt anyway and we will have wasted taxpayer money.

Shakeout not Bailout.

Get rid of the several hundred executivies and replace them with qualified people making 1/3 of what they make.
Get rid of the Union and the high salaries and benefits that the emplyee makes for turning a wrench or sweeping the floor.
I am a 75yr. old women. I work 45 to 50 hrs. a week. I am happy to do it because I can pay my mortage and medical bills.
I would bet I only make 1/8 of your adverage saleried employee

I think Retired GM employee hit the nail on the head - the Big Three's cost structures are not competitive when the UAW demands outrageous wages. Somebody putting 3 rivets into each passing car shouldn't be making $30 an hour. A GM forklift operator can make ~$120,000 a year. Anybody else find that hard to swallow?

Let GM go bankrupt and cut these union contracts.

I was reading the comment about requesting that foreign companies can buy closed American car factories when they go out of business and use American parts suppliers..Are you joking..Why don't they use American suppliers at the present with their two or three factories herein the U.S...They are trying to destroy the U.S. car makers so they can control our company which they couldn't do when they started a war with us in 1941 killing our service people..Also take a death march with them and when you fall out they can kill you...Good Luck

Screw General Motors, most of the manufacturing has moved to Canada or Mexico anyway. They can get the aid only if they return all assembly plants back to American soil!

That's why I left after 20+ years, they are very similar to the AIG wallstreet fellows. Executives get/got millions every year. we got 3%
Flipside I love the products. The Corvette, the Cadillacs, the Pontiacs. Supplier issues plague every automaker, then they get the blame for bad products. It's an ongoing issue. We have to support the big three.

So it is OK to bail out financial institutions that gambled away our money and not save a company that actually employes people? Give me a break. We reward those who gamble and punish those who keep americans working. Those fat cats who sold all those bad mortgages are sitting back and laughing while all those associated with the auto industry watch our standard of living go down the tubes. GM, F, Chry all made mistakes but they did not steal from investors.

Would the public who continues to purchase foreign owned companines vehicles and then has the nerve to complain about our ecomony is nothing more than a person whom doesnt understand the economy or what would happen if GM goes out. 2.5 million workers out of a job if GM goes out, from the plants, to the dealerships, to the finance arm, to the parts manufacturer, importer and exporters, truck drivers moving the cars, dock workers, and so on. Hey people wake up, buy Amerian and save jobs. The union needs to get in line so they have a job and officers of the company need to held accountable. Come on do nothing congress, loan the money, save the job and stop doing nothing

Pour good money after bad? No way! Let them fail...Let the market sort it out. Allow the market to sort all of this out.

the writer of this report is an intellectual moron. if he believes so much in toyota he should move to the country that makes them not buys them.
as goes gm as goes america. where is your pride in your country. not everything is a bowl of cherries. support america support gm and get some support for yourself. sincerely, a concerned american

Lower the prices on new cars. Lower labor costs. When someone on the production line is making $60.00 per hour + that's why the auto makers are failing. When you spend over 2 million a day in payroll your not gonna survive in this economy. Here is a lesson in economics Higher price=less people buying. Lower price=more people buying. And we proved that with the high gas prices.

The playing field has never been leveled for American manufacturers. I believe our own government is still offering incentives and rebates to persons who buy Japanese manufactured hybrid automobiles. ( The rebates are most likely from our own tax money of course) It has been said that these hybrid autos which are built in Japan with a subsidy from the Japanese Government are sold at no profit or even a loss to the manufacturer. While in our own country the manufacturers have been constantly forced into untimely and expensive retooling by government mandates. The Japanese people and their government realize how important the auto manufacturers are to their economy and support them intensely. If only that were true of our nation. Therefore The American manufacturers are not solely to blame for their own problems. Patriotism and loyalty come into play here but that's a full other story. God Bless America, God help America.

I THINK IT WOULD BE A BIG MISTAKE TO LET GM FORD OR CHRYSLER GO UNDER. WHEN ALL THE WORKERS ARE LET GO THEY DRAW UNEMPLOYMENT INSURANCE. BY WORKING THEY PAY TAXES. IT WOULD BE CHEAPER TO KEEP THEM PRODUCTIVE. THE PROBLEM IS THE MANAGMENT. NEW CREATIVE EXECUTIVES AT SALARIES LOWER THAN WHAT IS BEING PAID TO THE EXECUTIVES THAT CREATED THE PROBLEMS SHOULD TAKE THE BUSINESS OF RUNNING THE COMPANY OVER.

you absolutely HAVE to bail out the car industry. Banks....are going out and buying other banks, with the money that they are being given. Those banks have valuable assets. If you want to save the economy you do it two ways. Abolish NAFTA. Take a trillion dollars. Buy up as much as 600 billion dollars in consumer debt. Take 300 billion and pour it into the automotive industry with sitpulations. ( of course with NAFTA gone, you have to move factories, etc, etc. back to America ). Destory the union and give 5 year contracts to each employee, with Cost of living adjustments each year, and performance objectives. OR Give each taxpayer a $5000 gas card. Giving trucking business a significant tax credit for buying Gasoline. Ask/Make each taxpayer to put 500 dollars into wall street, to their benefit. The Gov't is covering Gas, while we as taxpayers are giving to the economy. Buy up consumer debt up to 700 billion or 70% of individual debt. Bankruptcies gone, econmoy is stimulated from the bottom up, gas is covered and you know exactly what you need to get off of foreign oil.

Jumpstart the economy...like jumpstarting a car...

Why should I pay for GM bailout. Its taxpayers money they are using so why not let the taxpayers decide who should or should not get it. I know lets let moms and kids starve because they can't afford Food or Shelter and lets bail out a Corporation. Humm seems like someone has their priorities out of whack.