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President-elect Barack Obama on Sunday predicted more hard times for the U.S. economy before it starts to turn around,>>>>>>>>>>>>>>>>>>>>

WTF does that dick-head know? All he wants is people to be afraid so he can come "save them." He wants control, and the more bail outs we have, the more control Obama will have over the nations commerce. Obama has'nt enough clues to sit down and STFU. He is showing everyone that he is dumber than dirt, even for a POS born outside of the USA.

Of course its a bridge loan to nowhere. This is strictly fodder for the Unions for an industry that is way over staffed by line workers who earn 75 bucks an hour, and have pension plans envied by the whole nation. This is the Union attempt to extend their hog wallow for one more year or so.

Whats happened is that the Unions have ruined another perfectly good business. You will notice that Toyota is not Unionized, and its workers do quite well.And Toyota thrives.

NO UNION BAILOUT. Let the big 3 file for Bankruptcy and work their way out of it, and EFF the Unions.We can all drive Toyotas if they do not make it.

They don't make 75 bucks an hour. That figure includes people already on pensions etc, and is not the hourly wage of their workers. They earn, on average about what the non Union plants make. What they need to do is streamline. The biggest expense they have and the most damaging thing the Unions have done to the big 3 is the fact they have to keep jobs that they don't need.

When they first started automating their lines the unions went on a tear and got them to make many concessions about jobs that the big 3 need to dump.

Its like the railroads, they had to keep a fireman in the cab of the engine even after they went to diesel/electric power, useless but still soaking up revenue. There are jobs like that in the big 3.

Bottom line of what I am trying to say is: Chapter 11, cut the fat, it is better to employ fewer people than to shut down, and I mean cut the useless executive and supervisory jobs also.