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Is it inevitable that the auto manufacturer's go bankrupt? Can GM turn itself around in nine months in the timetable President Obama has alloted for its restructuring? What of Crysler and Ford?

Has government successfully taken over the auto industry? Repugnut Senator Corker(TN), is a big-time anti-union advocate who thinks all of U.S. auto industry should decrease wages, benefits and oust unions completely. His comparison is that of Volkswagon he recruited to his state. But now Corker is whinning about government sticking its nose in "private" (auto-volkswagon) business. Look for this Repugnut to be on the next presidential campaign trail in his self-confident motor-operations.

Overall job loss is now estimated at 680,000 with more losses to come. One report said many employers are taking advantage of the unemployment situation in an opportunists fashion, seeing the advantage of not having to pay even measly health benefits via lay-offs and elimination of job positions. Basically putting people on the streets while "restructuring" their businesses, iow, when and if the person returns to that same job which once paid "good money", they would return to lower wages on what is called a right to work enviroment, which means, if a person wants to work and get paid anything they should keep their mouth shut and take what is offered, otherwise go elsewhere. America is, after all, now competing in a new world order. Remember daddy Bush? He publicly declared the new world order concept and by which his vision is being incorporated now. So, as it's turns out, it's no longer a crazy conspiracy theory of people seeing those black hello-copters but a reality which has come about in its due time.

Cutting unionized labor seems to be in a high profile priority and as one reporter said, unions are becoming relics of the past because the American labor market can no longer sustain union demands. Or is it that employers will no longer even consider unionization as a tool that its employee's should weld?

So, will the auto companies survive? And will their situation matter one way or the other on the world-wide economy?

Good questions, Roselyn. I read that GM is already preparing to go bankrupt.

I wonder, where does all this bailing out end? With the average person, I guess, the ones who don't get the big bonuses, the ones who are losing their houses, their savings, and their jobs.

I've not a clue either Mickey. The new CEO of GM said he was looking forward to paying the taxpayers back. But, will taxpayers really see a dime on return? How can they when other taxes will be added to make invisible the imagined payback. And, have you noticed any decrease in auto pricing? And, have you noticed all the new bells and whistles being added to perk buyer interest? What we need is basic no frills that get us where we want to go. Pricing should be around, oh, lets say, less than $12,000.. Seems reasonable to me.

From what I'm understanding, should the auto manufacturer declare bankruptcy then its slate is wiped clean and so they start all over like a brand new company. I suppose that's a comparitive solution as government has wiped the slate clean for foreign borrowers.

ps.. I thought it a neat advertising ploy when auto dealerships began calling "used cars" pre-owned. And, for that they also thought to increase pricing, "believe it or not." Reminds me of Multi-Level-Marketing people doing a once-over as "Network Marketing".