Posted on 12/03/2008 4:17:41 PM PST by george76
Survey shows that Americans think federal aid for the Big Three is unfair and won't help the economy.
Americans believe bailing out the Big Three is a bad idea.
A full 70% of respondents indicated that a bailout is unfair to taxpayers.
In addition to being unfair, the poll showed that a majority of those surveyed think a bailout would not help the economy.
Sandeep Dahiya, a professor of finance at Georgetown University, said the poll results were "quite surprising." The large percentage of those opposed to the bailout "tells you much about how what is good for GM is not good for America."
(Excerpt) Read more at money.cnn.com ...
Like the politicians give a damn what the people think.
It was 84%+/- against the 1st bailout. Happened anyway.
The other 30% don't pay taxes.
The Banker Bailout was like that as well. They still passed that.
The politicians no longer serve US. They are the masters now.
>It was 84%+/- against the 1st bailout. Happened anyway.
You took the words out of my mouth.
I have never liked running things by popular opinion.
But this bailout is just wrong -- and stupid.
Wasn’t the percentage even higher against the Paulson ‘bailout’(looting)?
It’s become one big party and they care when they need your $$$.
Nancy & Co. could care less. They have the world to save - we just don’t understand. (even tho it’s on our backs)
What I find amusing is how the TV “talking heads” and newspaper editors support these bank and auto company bail-outs. Of course, the fact that ad revenues from those very industries pay their salaries can’t have anything to do with it, could it? No, of course, they’re “journalists” and have all its attendant “integrity”. I should be accursed for even questioning it!
Where was the survey when the banks needed tax money?
The other 30% work for a related industry, either dealers, manufacturers and suppliers, or banks. Just like the woman Glenn Beck had on Tuesday who went on and on how America would collapse without it. Glenn listened to her for a few minutes, then asked her point- blank Does she have ties with the industry? She was unable to catch herself and admitted her and or her husband (I was too busy laughing to pay close attention at that point) had ties. It was hysterical, boy is he sharp!
What someone needs to report on is how much this industry paid congress and Obama for this bailout. It’s a done deal and I don’t appreciate the conversation being anything other than the payback that it is.
There were calls of ousting the incumbents who voted for the financial bailout prior to the previous elections, but that didn't appear to happen. I personally, don't see too many options open.
At the C prompt, FORMAT GOV:
A fresh install of the original OS might be easiest at this point.
>I personally, don’t see too many options open.
BLOAT?
Worse. They can vote.
March on Washington and glue the Treasury shut, for starters.
I like that pic, it SHOULD be on the postcards! And we should send lots of them.
Can’t imagine why. I mean the big three have a market cap of about 7 billion and debt that would shock even a liberal. But what the hell America buy high, sell low.
It’s not a party, it’s an orgy!
They are bankrupting the country on purpose.
It’s how the left takes over a country.
Read your history.
Helllllloooooo Paulson they cannot afford these homes at either the current or the 4 percent interest rate. They are not within their debt to income ratio and are spending more than they are earning.
They need to walk away from something they cannot afford rather than refinance and continue to hold something they cannot afford. Yes its going to hurt us all and for awhile. More people will lose their homes and the economy will decline further. We are resilent and it will get worse before it gets better.
Its time to let the Dems come up with some solutions.
I thought this was a loan and not a bailout???? A loan is OK but a bailout is not.
"A full 70% of respondents indicated that a bailout is unfair to taxpayers. "
I cannot understand why everyone is getting so upset about this.
Didn't anybody listen to good old "Joe Biden" when he said "Remember I said it standing here if you don't remember anything else I said. Watch, we're gonna have an international crisis, a generated crisis, to test the mettle of this guy." followed by: "And he's gonna need help. And the kind of help he's gonna need is, he's gonna need you - not financially to help him - we're gonna need you to use your influence, your influence within the community, to stand with him. Because it's not gonna be apparent initially, it's not gonna be apparent that we're right."
So, cut him some slack, give him a break Fess uo, don't ya trust yer new pres?
The are very few Wash DC politicians who still give a rat’s ass about their constituents. They’re chasing after power and money.
If they really cared, they would force the automakers into chapt 11 bankruptcy. But that won’t happen. The politicos owe the UAW bigtime.
I see where the UAW is open to discussing and doing away with the ‘job banks’ that they have taken so much heat over. Most of the complaints about the bailout has been over the union contracts and there high price. Right now it looks like the union is in a lose lose situation of their own making.
They are not in a good bargaining position, that is for sure.
I wonder what their thoughts were on the Citigroup bailout?
That’s different. They’re not unionized. Most people around here have no problem with kicking 10% of the U.S. workforce to the curb. All it does though is transfer the burden from the automakers to the welfare rolls. And to boot it’ll make the transplant cars cost more, because the suppliers that make parts for the big three, also make parts for Toyota, Honda, and Nissan. When you’re biggest customer quits buying from you, you close up shop, because all of the other customers can’t make up the volume.
I don’t trust the unions to keep their promises once the taxpayers cough up the money. Our country can’t survive much more of this unbridled spending. The reason people aren’t buying cars is because Americans have been doing too much buying on credit and the party had to end.
I dont think people support it. They got themselves into this mess...etc. People are sick of taxpayer funding bailout of industry period. Washington is out of touch with reality.
Those days 18 Million cars
Now they US market has gone to 11.5 new cars. Do the math they can't make it.
Obama will make them make cars people won't buy.
So what if they are not unionized. It’s corporate socialist welfare. Period! Wall street wants their losses insured and their gains untaxed. The greed is killing us. If you don’t mind spending tax money to prop up a corporation then you are no less socialist than a union guy.
Either way, we’re screwed. We either prop them up with loans, or they go bankrupt and the taxpayers are stuck with paying their pensions and welfare. The choice will be between corporate welfare or taxpayer welfare, with both sides trying to push it off on us taxpayers. I don’t know about you, but I already carry enough of a burden. I don’t need them to add anymore dead weight.
The BIG question is: WHO IS GOING TO BUY THE DAMNED CARS?
I certainly will not. I like my old cars. The new cars are overpriced feces on rubber.
The part suppliers and auto "recyclers" have got to stop their dirty little deals with the auto companies phasing out parts for previous models. Nobody needs parts for new cars.
If the "Big Three" auto companies can find money to pay for "gay" partner benefits and donate millions to homosexual pressure groups, they can just go to hell and keep their queer cars.
Those auto related industries are full of cheats and liars.
(Try finding decent parts for a perfectly maintained older car.)
Also, when we take over the pension plans usually there is a big chance that plans are changed to as low as 50 cents on the dollar. But! You are correct in that we are hit either now or later. This is my problem with this whole thing. This is socialism. Wall-street boys love capitalism until they start to loose money.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.