EU threatens legal action over American car industry bail-out

Pffffffft.

The EU threatening the US?

What are they gonna do? Hold a committee and whine about it for a while? Wave their finger at us or hold their breath till they turn blue?

I don't mean to sound like an anti-diplomatic Republican-type, but go fuck yourself Brussels. We don't have to listen to you nor will we. Fuck the WTO and fuck the EU.

Come back with an offer or some decent reasoning, not some bogus hot air that only ruffles feathers. Like you can really litigate a fucking SOVEREIGN NATION, what kind of pretentious bastards are these people?

To top it off, it's not even protectionist! Did they even bother to call Obama up and ask him?

being the biggest importer has its implications, like currency exchange and current account balance problems. with the dollar devalued at such a cheap rate compared to the euro, we've stopped importing so much, obviously, and this obviously hurts the e.u... with more protectionist measures, the e.u. is worried about us dragging down more of their economy. it's not just about what they buy, it's about what we buy as well. it's a valid point, but not one that we're going to take too much into account. ever since the mortgage and banking mess debacle was found to be worldwide, it's every man (country) for themselves.

Piss on the EU. We didn't need them 10 years ago and we don't need them now . Its time we looked out for our own. Heard Canada has the same problem with us and they have been in touch with members of our congress and this unidentified representative told them not to worry a bout it , that it would be watered down before a vote on the stimules package.
This Pres. is trying to do the right thing however the Rep's in congress are still de-railing the country.
Hopefully kick out more of the jerks in the next election.

fuff cars if they don't run on water...i'll keep walking...who's even going to be buying cars with the way things are going?

The EU, home of rioting socialist leeches looking for cradle to grave support by their government are pissed because Obama said to buy American?

GM and im sure others, are just taking the American companies overseas. There was a story about it a day or 2 ago.

Obama should give them the finger and see who they turn to.

I can agree that completely bailing out the major American Auto companies and then allowing them to continue their shady business practices and irresponsible spending would create a distortion in the world's economy; especially with the auto market's firm hold on most of the world's economic powers. However, I do not believe that the Obama administration would allow this to happen. That being said, I also do not foresee any of those major returning to their obviously flawed business practices. Beyond that, I don't even think that bailing these companies out will do anything to benefit them from an industrial standpoint. Foreign companies have a large market in the United States especially the recently successful BMW. I believe that simply bailing these companies out from bankruptcy is simply an act to save the American automotive industry. If just one, or even two of the three major American auto companies were failing and the other one r two shrived, I believe that the American government would not have a bail-out plan. We simply are trying to repair our stalling economy. The auto industry has become a major part of our economy and for all three of our major companies to fall would be an economic catastrophe. This type of a bailout is completely necessary for the sake of not only the American auto market, but for the millions of workers that these companies employ. So I do not see a reason for this type of legal action against an administration that is simply trying to fix a broken machine. The EU simply needs to worry about how they are going to help fix the stalling global economy. Throwing law suits at us will do no good. We need to stop fighting about this shit and start putting some action in.

Good. This is Capitalism, and Governments should not be helping companies, even less if they are so incredibly competitive with products all over the world from your allies.

Auto-Bailout is a bonus for the American car makers that have done bad decisions. The fall of the American cars would be a blessing for this world.

First, this 900 billion dollar bailout is not an auto industry bailout. Only a small portion of that total is going to the auto industry, and it is not included in that stimulus package. Secondly, the buy American clause does not have anything to do with the auto industry. It concerns infrastructure being rebuilt with American steel and resources, which the buy American clause stipulates, which is why the EU is upset, feeling that it violates free trade.

You should actual research your subject before posting an article.

never mind the buy america clause .. add a clause about bringing back and focusing on the EV1 and .. consumers will buy america

WHAT american good? we DONT make anything here!

...When did Ford go to Yamaha engines?...They used to be MAZDA...(I know, I once had a Ford "Courier" PU with the same engine that was in an "RX-7" )

Toooo Bad, Germany, China, Japan and many other countries subsidize thier industries but when America tries to dig out of the mess caused by Bush and NAFTA the people that are gaining the most at America's expense begin to cry. To Bad America needs to take care of America and American's first and its about time we had a president that is doing that.

I'll be completely straightforward, the U.S. automakers don't deserve the bailout money, frankly I wouldn't mind seeing them suffer.

Of course the auto bailout is protectionist. It's not, however, a scheme to overthrown the EU or gain more market power.

Good!

What does it mean to "buy American"? Volvo is owned by Ford. Ford puts some of the same motors in both lines--motors designed and manufactured by Yamaha.

Yeah, that complaint and buck probably won't buy him a cup of coffee. When it comes to repairing an economy the WTO can go to hell.

Big deal. The EU does not purchase enough American goods for this to have a negative effect. America is the largest importer of goods in the world and we have a negative trade balance with almost every continent so this is a weak and pointless attempt at saber rattling.