Live Blog from the Anchor Desk 12/11/08
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We need to vote all the republicans out of office. This guys are selfish people and they only think about their silly ideology. This is shocking we give 700billion to banks and 15 billions to manufacturing and republicans are crying like little rich babies
Thank God that the bill failed. These companies should be held responsible for their own mistakes and shouldn't rely on the government to bail them out when..oh my God...they won't survive. They need to find out how to survive this just like all the other small businesses that are not being bailed out by the government. If they can do it so can these multibillion dollar companies.
Thank you! Finally these representatives are doing what the people want... it's about time they stop acting in favor of their political career. It's disgusting Bush would compromise his own principles soley to not have a poorly run company fail on "his watch." And on a side-note: that was a supremely condescending comment you made Anderson; stop asking what the people "don't get" and maybe you should reconsider what this country is all about. America doesn't want Western European socialism, it doesn't work. Let these companies fail and real entrepreneurs pick up the pieces and come back stronger.
How come our government dont take a pay cut.
were is my mothers bailout???!!! she had to watch her company fail but these ceo's that are suppose to handle billions of dollars cant keep afloat. that means they cant handle there job and that means they should have been replaced along time ago. let them fail if they are going to fail.
What the auto makers need to do is mass produce a car for under 10k that gets over 40 miles to the gallon. If they could show they could do this I'd be all for bailing them out.
Good evening Anderson and Erica. PIP was great tonight. Really enjoyed it. Hate to hear about the Auto Bailout not passing but if everyone has to have a hair cut and the UAW is not willing to take a hair cut then there is little that can be done. I never liked the idea of giving them the money and then letting them present a plan for how to use it after the have it?
It is a sad day for the country.
In filing for chapter 11, the automakers will be forced to reorg and restructure. Please bear in mind that the workers that may be let go would be taken care of in some way or form (under chapter 11).
The automakers will have several options under chapter 11. Then eventually they'll be leaner, become more competitive and will have no other choice but to focus on building 'green' cars.
I have two aging parents who rely on a GM pension. I'm praying for a bailout.
What would be the political fallout if the US auto companies not only go bankrupt, but disappear altogether?
It seems like most of the blame would be place on the Republicans, but are they even still competitive in the states that have most of these jobs (other than Ohio)?
I think they should just let them go bankrupt and allow other companies such as Honda, Toyota, etc... buy them out. They can then have all the workers from the big 3 go work for those companies so they won't lose their jobs.
Well, Blagojevich is either insane or unbelievably corrupt-allegedly anyway. Pick your poison.
As for the Illinois governor, it is obvious is is operating in a realm of his own reality. This is not a political problem it is a medical one.
It is already fail bailout....... Ouch!!! poor 3 automakers.
Brandi, it's just a tired business model and they've made their beds. They are bloated and out of touch with reality. I'm for some negotiation with oil companies (as odd as that may sound, it seems relatively logical), but that's a pipe dream, literally. I'm confident FORD will survive because they've taken the appropriate steps already.
Honda of America (Marysville Auto Plant ) has a meeting scheduled for tommorow to annouce that they will shut down for thwo weeks instead of one for christmas. Honda will also annouce that for the 10 weeks following that they will only work Tuesdday wendsday and thursday. This has alot of people worried.
Anderson, I enjoyed "Battle Lines," especially your report on the mountain gorillas! Your swim with the sharks was unexpectedly exciting to watch! Great report by Sanjay on Doe Run.
The special did a good job of explaining the problems presented and how they impact and are impacted by all of us.
I don't thing the public totally understands how interconnected the big auto companies are with big business and the economy. If you think it's bad now, just wait, it will get worse. This is doomsville!
hi anderson! great special, the big 3 the republicans will never recover from this. look out remember cable is entertainment get ready for layoffs at the stations. folks will choose housing and food over entertainment.
I think that this bailout is beyond politics. Is there any way to fix this with out politicians involved?
It looks like we are headed for a full blown depression. That is very scary.
Jana,
I agree with you......... that is so scary for us....... that is so depression.....
I have an idea to bailout the auto industry. Collect money from the public. If I donate $5000.00 then I would get back $10,000 off on the purchase on an automobile from the company 5 years later, or something comparable. Come on, make me a deal I cannot refuse.
I really don't think it's such an awful thing that the bailout bill failed. Yes, I do care about the workers, but beilieve you me folks, chapter 11 is the best thing for the big 3 or 2 or 1.
I hope they have a plan for this trickle down effect this will cause.
In some ways, I agree with you Casey J. But I've heard so many say the jobs lost will be too deadly. I'm not a fan for bailing, but I'm torn.
Mike, thanx. I forgot he had done that already.
@casey, unfortunately, its not the republicans who will suffer, they get paid by uncle sam, but the people who work for these companies dont.
while i agree car prices are over inflated and the products could be improved, i think the automakers were willing to address these issues.
I think its actually fitting that the automakers are made to die out should this bill not pass. Its high time some new management came in and actually revamped the whole industry from the ground up, New CEOs and everything.
It's better that we tough it out now and let the free-market prevail. We'll have mass un-employment but we'll come out of it much stronger, smarter, wiser, and wealthier in the end. It will take time, however.
What will happen to the workers if they restructure their contracts through bankruptcy?
The weak will fail and the strong will take their share. The Big 3 will either reorganize under Chapter 11 or fail.
MaryBeth, Obama resigned, there are only 99 now.
Greetings from Canada everyone...............
It looks like we are headed for a full blown depression. That is very scary.
I'm very relieved the auto package is going to die in the Senate. It's the Republican's turn to have their heads screwed on correctly.
i am disappointed in the auto bail out failing because unlike the wallstreet guys, the CEOs were actually willing to make their own sacrifices plus i know what this will do to so many families.
PiP was awesome, and yes, very very sad for me, but greatly needed. Thank you all who participated.
Good Evening Anderson and Bloggers
Anderson – Great job on PIP. Really enjoyed and learned alot from it.
Seriously, is it that big of a deal to make the UAW cut salaries? Wouldn't you rather be employed than NOT be employed?
Curious..... is that fail to bailout automakers???
So, do Obama and Biden still get votes? Are they still counted in the 100 senators? Could their votes have changed the outcome?
What will happen if the Senate turns down this package? Will the auto companies apply again? It is just ridiculous are we being held hostage? The timing is questionable. Didn't something like this with massive auto layoffs happen in the late 70's?
I'm very disappointed in our Senate and the fact that the auto bailout is not going happen. So what is going to happen with big auto now? What are their options?
When there is a worsening economic crisis caused by the
actions of Repubs with Japanese auto maker connections,
will they be held accountable for no holding the oath to
protect the United States a head of other countries.
Hello Bloggers! How disappointing that the Big 3 bill will die tonight!
Oh boy!!!! not good news for me that bailout for 3 auto makers to loan to die in senate room.
Anderson, I thoroughly enjoyed PIP Battleground. You all did a great job.
Good evening Anderson and bloggers! Planet in Peril was very informative and an incredible documentary! Thank you for bringing that to us Anderson, Sanjay and Lisa! Absolutely Amazing!
Pip was very good. It surprises me that the auto bailout looks like it's failing. What happens now.
I really hate the US Senate right now. We are now going to slide into a depression....thank you US Senate.
PIP was great if a little depressing. Congratulations and thank you for the education.
Hellooo Anderson, Erica and best bloggers!!!!
It is so awesome piece documentary I see Planet in Peril!!!
Wow!! Anderson was so scary of shark in the ocean in Africa!!!!
Congrats Anderson!!!!!