Is Gm being paid to lay off workers ? and still seeking more bailout funds

I suppose it is better to have some jobs and keep the place going for better times,but we have that in England with the banks for example billions of bale out money,and they are laying people off,good money after bad is what I call it,our kids will have to pay such high taxes to pay back all this money the government is borrowing,out government were deep in the red before this lot took off,now we are sinking under a shower of debt that will take my sons generation twenty years to repay.All this is down to greed by the employers who put nothing away for a rainy day and know expect the tax payer to finance it all.Some of the big companies are still giving out huge bonuses to the staff that sold us all down the river,I wish I could put my money in the mattress but that is not possible,as it would mean going back before the days of direct debit,taking a wad of cash down town treking around to pay everyone in cash.We would get mugged no matter what method we use.It is is such a mess no one will win,chucking money at it will help in the short term but will bring us all to our knees in the future.xxx

Maybe they are hiring a guy for 17.4 Billion dollars, and his job is to lay everybody off.

Not being in the position to know what is coming up with GM, I don't have an opinion. I saw where the union has made some concessions, but didn't hear what they were. I read where management was wanting the worker's wages to match with the wages of the workers in the Toyota and other foreign auto makers in the states. I don't know what their wages are either. GM screwed up when they killed the electric car they were testing several years ago.

Hi ronnyb! Oh my, 17.4 billion is more than enough to retain their workers I think. I am not an expert on this but why should they accept that bailout package and then will lay off 47,000 workers? I think those workers that will be laid off should be the one who should receive the package instead. Take care and have a great day! lovelots..faith

Sounds the same way to me too. I'll put it a little stronger than you did. It sounds a lot like blackmail to me. If you don't give is a bunch more money we will lay off a bunch of workers. We will wait and see if they come up with a larger figure that would keep then from having to lay off workers. That will tell the tail. If that is the case Obama and his hand pick crew are just stupid enough to do it. All three auto makers are in the mess they are in for the simple reason they priced their cares right off the market. Far too many bells and whistles and computerized junk on them. If they don't change styles and come up with some smaller, simpler, cheaper cars a bail out won't help them. The public simply can't afford their cars. Art

The layoffs are affecting so many people, my family included. A major problem that GM is having is with the union. They are not willing to concede much of anything and they will let the company go under before they are willing to. Thank goodness that they are finally getting rid of the jobs bank. That has been ridiculous for a long time and has cost GM a ton of money. Who knows how this will all unfold, but it is scary, and I don't know the answer. There are positives and negatives to both sides of a bailout.

There are no guearantees, but something has to be done to keep the economy viable! Many more layoffs would certainly come if there were no bailout. In fact, loss of the American auto industry could cause financial disaster, even if the rest of our economy were going well. Of course, it isn't. Are you one of those people who sees a conspiracy around every corner? People have found it too easy to become rich by "leaking" information forr conspiracies to remain secret.

yep that is correct. THey want more money all the while addding to our economy problems instead of helping fix them. They are going to lay off close to 50,000 people. Yet they want us to give them more money. I hope washington does not give it to them.