Congress puts forth bailout plan with strict demands

"Automakers are seeking an additional 25 billion on top of that to secure their liquidity through 2009." And then what happens after 09? Another $25B? I like Pelosis' approach. You want a loan? Sure, we'll come first in line for every payment and will hold veto power over any decisions. Just like any loanshark would.

if they used those veto and credit powers properly instead of as a government revenue raising method, we might actually see some good cars come out of detroit

Nancy pelosis can take a long walk off of a cliff for all i care.. hunt with a c is the only word i can think of to describe her

the labor unions are very much to blame for strife in the american automotive industry because they ask for too much and therefore the companies can't spend the money necessary on R&D and many other things, which is the superficial reason for why they are in a trench right now. It's understandable that the labor unions want higher wages, better healthcare...but what they don't realize is that the more they ask for and receive the more money it costs for the corporation, money that could be well spent in keeping with the competition. That is why Toyota, among others, has been doing so much better, because they don't allow themselves to be taken advantage of by the workforce, saving massive amounts of cash. In any case, the big 3 need the bailout, and from now on, the government should be far more lenient on immigration, and allow the union to be replaced by people willing to work at all if they continue to ask for more. There is only so much you can ask for and so much you can give before it starts to impede on the financial well-being of a company, especially in an industry as competitive as the automotive industry. Enough said.

and feel free to attack me for my point of view

The sad part is voting all these idiots out of office won't even begin to make up for the world of hurt our economy will be in if the US auto manufacturers go under. Non-US governments have boosted the earnings of their companies for many years while the US government has sat back and allowed jobs to slip away. This happens not only in the auto industry but the steel industry and others as well. The UAW shares a lot of the blame for our non-competitive US auto manufacturers while the bigwigs running the companies are also to blame for giving in to the UAW repeatedly up until last year when the UAW finally figured out it is better to have some jobs than no jobs. Too bad the damage is already done. It's time for the politicians to step up and figure out a workable solution and quit pointing fingers. Fannie Mae and Freddie Mac were essentially created by the Democratic party and the push to allow anyone to purchase their own home that started when Clinton was running for office (the liberal press always seems to forget about that) gave us a banking system that made it so easy for everyone to get a home loan that some began using adjustable rate mortgages to buy homes that are well beyond their means. All these problems have been perpetuated by a larger evil... Greed. As usual, Bush has his head in the sand. As I said, it's time for the politicians to stop pointing fingers and become part of the solution.