Automakers take Hill at 10 a.m. for showdown

Ken Thomas / Associated Press
WASHINGTON -- U.S. automakers are returning to Congress for high-stakes hearings they hope will persuade skeptical lawmakers to save their troubled industry with $34 billion in emergency aid, but a top Senate Democrat wants to hand their problem to the Federal Reserve.

Two weeks after a botched attempt on Capitol Hill, repentant leaders of General Motors Corp., Ford Motor Co. and Chrysler LLC were appealing to the Senate Banking Committee on Thursday with three separate survival plans that include massive restructuring, the ditching of corporate jets and vows by CEOs to work for $1 a year.

But they could expect a chilly reception on Capitol Hill. Even a top Democrat in charge of evaluating their aid requests made it clear he was eager to avoid voting on a bailout. Sen. Chris Dodd, D-Conn., chairman of the Senate Banking Committee, wrote to Federal Reserve Chairman Ben Bernanke on Wednesday asking the central bank chief whether there was anything stopping him from using his considerable lending authority to help the automakers....more

Automakers take Hill at 10 a.m. for showdown

Ken Thomas / Associated Press
WASHINGTON -- U.S. automakers are returning to Congress for high-stakes hearings they hope will persuade skeptical lawmakers to save their troubled industry with $34 billion in emergency aid, but a top Senate Democrat wants to hand their problem to the Federal Reserve.

Two weeks after a botched attempt on Capitol Hill, repentant leaders of General Motors Corp., Ford Motor Co. and Chrysler LLC were appealing to the Senate Banking Committee on Thursday with three separate survival plans that include massive restructuring, the ditching of corporate jets and vows by CEOs to work for $1 a year.

But they could expect a chilly reception on Capitol Hill. Even a top Democrat in charge of evaluating their aid requests made it clear he was eager to avoid voting on a bailout. Sen. Chris Dodd, D-Conn., chairman of the Senate Banking Committee, wrote to Federal Reserve Chairman Ben Bernanke on Wednesday asking the central bank chief whether there was anything stopping him from using his considerable lending authority to help the automakers....more

If No Bailout Of The Big Three, Massive Job Loss and Boycotts

It looks like a lot of politicians and so called economic experts are split on the Bailout Of The Big Three. Which to rephrase that, it is a loan to the big three.This week will really heat up the debate over the purposed Auto Industry Rescue plan.

It is hard to believe anyone would take pleasure in helping the industry fold up and take it's business overseas. We all know the job losses could reach 3.5 Million when the smoke clears! and how is that good for America?

You let the Government bailout the lending institutions that have caused the credit mess and gave out loans they didn't have the securities to back.So you reward them!

What happens after you gave AIG Billions?, They handed out bonuses and through a $500,000 party! But Thats ok, we can over look that!

How can the common person have any leverage? Your Dollar and your Vote!

How can the common person, autoworker, designers or engineers make a difference to voice their opinion against those who oppose the rescue of American jobs? Boycott

These politicians who oppose the rescue of American jobs-Don't Vote for them!

For the radio show host that rips the American auto industry-Don't Listen to their show!

For companies that are supported buy the foreign auto makers-Don't Shop there!

For Television Shows that are supported by Advertising from the foreign auto makers-Don't Watch them!

The only voice the common worker has is who they vote for and where they spend their dollar!