[pyrangello]

Yes I'm from Michigan too, grew up as a kid right in automation alley where we had toolmakers of the old school, the gentle man who taught me my skills was 70 years old at that time. I know around the country and around the world there are many that say let the auto companies self correct itself. I agree to some respect with that notion.

The proplem is the correct time and place for all this to happen. My cousin who just lost his V.P. job selling parts told me that in 1980 the Big 3 U.S. automakers maintained 85% of the U.S. market, In 2000 it was 65% and the bottom was expected at 45% in 2010. So this was all expected and was no suprize, Gm , Ford and Chysler were all positioning themselfs for this.

The trump card came in thru multiple channels, who would have ever thought gas would go to 4 times the amount in a few short years, and now the credit problem compunded by the lack of sales and consumer confidence and the run up of raw materials all at the same time. It is a perfect storm for hard working people, I personally don't agree with any bailout and the money being asked for, but this is a loan,not a bailout!

Lets just all take a quick look back only a few weeks ago at all of the outrage at the BAILOUT that was truly given to a company that incurred it's own problems by self decisions. AIG , I have no affiliation to AIG, but for this company to recieve over 120 billion dollars with an asset value of 5 billion dollars ............ Am I missing something! Oh and here's the better part, after the treasury gave them the money, AIG had a convention in california that cost $420,000 which included behind door #1 $1000.00 hotel rooms, door#2 $21,000 in spa treatments , and door#3 $6000.00 in golf. Oh and it gets better for the bonus round, there 4 top exectutives took an all paid vacation to england at a grand total of $82,000.00 limos, wines, and bird hunting, they didn't even say hi to the queen. And the kicker to the whole pack of sucklings is the grand daddy CEO of them all who gets paid 47 million dollars to say yes to all of this, AND WE PAID FOR IT. Now where's all that outrage ,I'd still like to know why the treasury didn't just give everyone their money back instead of giving it to the same management that ran this into the ground.

Now today some other guy on wall street is accused of swindling 50 billion. Thats one person. None of this makes any sense anymore. I heard on the detroit radio station this morning that the detroit auto dealers gave in the last 5 years 77 million dollars to a charity here locally. Remember when 9/11 happened and how many millions of dollars that U.S. automakers donated to the fund and immediately went to 0% financing to help out and get us restarted. There not asking for much compared to the truly beyond greedy of the bunch, things will get corrected in the auto industry just not during the perfect storm as theres tons of hard working blue collar people who truly are the backbone of america,s middle class. Thanks for reading.