That what this guy said he makes, that works for GM on CNN.You can expect for th e big three to be viable when they have to factor in $4000.00 on every new car.No wonder the foreigners have an edge on us.

Uh, yeah. Thanks for the generalization. My inlaws work for GM, neither makes $40/hour despite their seniority and they don't sit on the line yaking about how their weekend was.

I think the legacy costs is going to be the downfall for the big 3.This is a big hurdle and the only way around it is protection bankruptcy. These guys sit around on the assembly line making $40.00+ an hour talking about how their weekend went.

I think the bridge loan or bailout money is waste of money. I bet anyone out there if the money was coming out of their wallet, the decision wouldn't that hard. The gov't is using taxpayers dollars to bail them out and for that we the taxpayers are going to suffer on the long run. I like Lou Dobbs idea go borrow the money from the financial institutions; they have all the money now.

The thing I found almost laughable with the whole recession and bailouts is that while GM, Ford, & Chrysler are in front of congressional hearings begging for billion dollar bailouts, Honda opened a new plant in Indiana in November, and one in Ontario already this month......maybe if the American Auto Industry listened to consumers (looking to more economical & environmentally safe vehicles) instead of ignoring them (we'll talk them into the 3/4 ton truck), they wouldn't be as much trouble.

I think the golfing days are over for now.When things turn around in three years or more,people will forget and go back to borrowing more money.

The thing is Average Joe, it isn't the CEO's that need to get fired, or the VP's......it is some of the support staff that the VP's use so they can be out on the golf course instead of working......essentially.

I understand what your saying, unless you ran a company like myself in the past, the people at the bottom always get the shaft.It's easier to find people at the bottom when things get better, but to find smart people to run companies is hard.

We the people are blame for this recession.They waved all kinds of credit at us and we took it.I myself are to blame because i took on more credit then i could handle.The creditors have to take some blame also, for not be tighter with lending.

drunkbeerguy understood the point I was trying to make.

average joe still does not.

Here's teh problem with finding ceo's of big corporations... honestly.. who wants to be the CEO of a big corporation? Who would want to be the CEO of GM or FORD and make $1 per year.

You would have have to be out of your mind.

Even if you're making $1 million per year, that's not much money to run a multi billion company.

Not everybody wants a job like that.