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I believe we need to give the loans to the big three to save millions of jobs. The unions have given a lot back already but will give back more; the anti-union folks have never worked for a living had it handed to them from mom and dad. If the unions give back no one in the big three management should be allowed to make over 50% more than the highest paid labor employee, that include the CEO's and all compensation including bonuses.

Thank you, Sheldon, for acknowledging that there are additional outside factors to the loans requested by the U.S. auto industry, and most of these elements are overlooked or treated mockingly here and on other websites. I live in Michigan and I hope for the sake of my future and my family's future that the loans will come through and the Big 3 will provide a concerted and successful effort to fix the problems that everyone knows about and return to profitability. It is easy to insult Detroit, but, as is almost always the case, there are issues to consider outside of the realm of what is typically reported.

http://WeAreOfMichigan.blogspot.com

Well, if the House had passed the legislation WITHOUT tacking on the "pork barrel" earmarks . . . then perhaps it might make it easier for the Senate to pass the bill also.

These Congressmen who keep attaching earmarks and prok barrel onto critical legislation should be tarred and feathered, and run out of Congress.

It's looks like to become a republican one must first fail an IQ test. I've been following the story on CNN and the Republicans seem to be missing a few screws. The politicians created the crisis with their failure to see the fallout from the financial sector. Now a lot of people are paying for their mistake. The auto industry did not cause the very sudden collapse of the economy

All the best to you Ken -- good luck!

Mr. Harrison -- I could not agree with you more!

WELL HELL, LET'S JUST GIVE THEM THE WHOLE GOVERNMENT PURSE SO THE UNIONS CAN DO AS THEY MAY. THE GOVT IS BROKE AS WELL, SO ARE ALL THE LARGE BANKS. BY THE TIME THE REVOLUTION IS OVER, WE CITIZENS AND THE PEOPLE BEING TAXED TO PAY FOR THIS WON'T BE ABLE TO AFFORD TO BUY YOUR 40k PIECES OF CRAP ANYWAY. I SAY WE SHOULD FLOOD THE WHOLE STATE OF MICHIGAN WITH LAKE MICHIGAN AND JUST GO FISHING. THATS ALL THATS LEFT.

I GUESS WHEN US HAVE NOTS, THE MAJORITY OF AMERICANS, ARE STANDING IN THE SOUP LINES ACROSS THIS NATION, YOU UNION FOLKS WILL BE GETTING PAID UP TO 90% OF YOUR MONEY FOR SITTING ON YOUR DEAD ASSES PLAYING CARDS IN YOUR JOB BANK. WHAT I WAN'T TO KNOW IS WHY THE UNION PENSION PLANS DON'TWORK WITH THE CRAP 3 AND LOAN THEM THE MONEY. THE THE SMARTESTOF YA ALL. THEY DON'T WANT TO INVEST A DIME IN YOU LOSERS.

Why don't they stop pushing from the top down and go from the bottom up. Instead of pumping 720 billion into bank and auto industry bail outs split that money up and give a hundred thousand to families that are making less then a hundred thousand a year. Put two stipulations on the money 1. you have to buy a new car from one of the big three 2. you need to bring your loans, home payments and credit cards up to date if your in dept. that much money pumped straight through our economy would help a lot more then throwing it at business that made bad investments in the first place. It would give people that needed cars to get to work or doctors a car while helping the big three pour money back into banking while saving peoples homes from bankruptcy, help people survive that have been laid off of their jobs and losing everything, not to mention the money that would just be spent into every other industry with the cash that might be left over giving the whole economy a kick start. But I guess that would make to much sense

BK,

"But I guess that would make to much sense"... unfortunately makes no sense.

1) You want give money to folks that have not earned it like they won the lottery. Bad idea.
2) This does nothing to help reorganize or retool the industry which it needs. Bad idea.
3) You need help with math. The spring stimulous package from the feds cost $256 billion and that was to give folks an average of $600...so you want to give away maybe $30 trillion dollars? I don't think that makes much sense nor do we have the ablity to do it.

I could add another ten silly things but I will leave it at that.

Most of the posts on here do not have the foggiest idea of what they are talking about from either side. The unions are not the cause of the economics of the country. Look to the White House and its dumb policies. Did the unions have anything to do with the banks and brokerage firms, oh well, heck, blame the union, there must be one somewhere. When we get into the next war, I guess we can import our tanks and planes from China.

BOYCOTTALABAMANOW.com

Let them eat crow, not cake! The UAW killed the bill, not the Republicans...the airline employees have taken cuts, I have taken a cut, retail employees do not have a chance of commissions or bonuses...eat crow UAW, see you in the line serving at McAdees.

This is nothing but a UAW bailout...let's call it what it is. Reorganize the industry - management along with the UAW raped the the industry and the American people. I do not what to be part of it again. They must get out from these lucrative contracts where 45 year olds are retired, doing nothing but laughing at the rest of us. The current auto workers themselves cannot support these stupid contracts/benefits, etc. There was a time for unions but the time has passed. These retired workers had their college kids doing their work for $15-$16/hour during the summers. If the hand writing wasn't on the wall - I don't know what was and now these retires are telling us they will be getting $300 retirement increases for what! Get to work like the rest of us!

So The whole Worlds Auto Ind. is hurting and this is all The unions Fault? You Can not Get a Loan on a New Car With out 725 or higher Credit Score and than it is still A higher Interest rate than it Should Be, The Banks are not releasing funds, The General public is not spending money, Let alone on big Ticket Items, And It is all The Unions Fault? Man I had No Idea They were this Strong! What A joke people! It is Really a Simple Choice Depression Yes Depression NO? Common Sense tells me Losing Jobs All Across America Can not Help us in any Shape or Form, It Is a Loan to help a huge Industry from going under which in turn will cause even more, and more negative repercussions on our near Depression like Economy, And Also to Mr Hicks, Have You ever been To Michigan? it really is a very Beautiful State! In the Summer it is Out Standing, Sorry to hear you feel that Way!