The auto companies get nothing but another opportunity to come up with a plan

The kind of rescue they need requires major reorganization and so many inconveniences for upper management... no, they will not come up with anything decent. Even if they do come up with something halfway reasonable and doable... as soon as they have the money in their hand, they'll just misuse it again or waste it, because one key ingredient will be missing, proper oversight. Although congress has finally learned a lesson of not blindly handing out money and the need of some sort of plan, accountability and even oversight, they'll just kindly forget about it in this case once the money changed hands. I see nothing good coming out of this unless the three big automakers are forced to reorganize, until the union is forced to make some concessions, until they finally learn that they need to think competitively as in they are not the only game in town... which also means a change in management, major change.

If htey are smart they will fly coach. But who said these guys are smart. If they were smart than they would not be in this mess would they? I am just glad Congress learned a lesson. They gave out trillions to the banks and wallstreet with no strings attached. And look what happened. The money was not used the way it was suppost to be. Instead of using the money to lend credit to people like they were suppost to, the banks used it to buy out other banks. So that bail out did not do us any good. Wall street used part of their bail out to pay multi million dollar bonuses to their executives or for big fancy retreats for the higher ups. Congress should have safe guarded that money BEFORE it was given out.

They should have to present a business plan - the same as they would have to if they were asking for financing from a bank (or at least most banks). They should have to show that their companies are able to make a comeback with the funds that they want.

I think that they will be really working hard to come up with a good business plan in that short amount of time. I hope that they will at least take a commercial flight, it makes it hard to feel sorry for the auto makers when they aren't being business smart lol

There are a lot of jobs depending on the Big 3 car makers. I am unsure whether a bailout will work and if such a bailout is to be given, Congress are quite right to demand a thoroughly viable plan - there is absolutely no point giving these companies money only for them to lose it all and go bust 6 months down the line. And we should ensure that there is accountability: ie the CEOs and boards of these failed companies should be made to resign on receipt of a bailout and be replaced by a new board. The new board members also should not be allowed to have any bonuses as bonuses should only be paid once these companies return to profit. And they can get rid of their private jets!

To be, or not to be: that is the question, but not to the big 3. They definitely want to survive. Now they face the final chance. Of course they will provide a decent plan to the public.