I'm just going on things I heard or read - sorry I don't have examples - nor am I sure this is 100% correct, but I will try to post what I know about the automobile bailout.

As anastasia has said - it is more of a loan then a bailout.

Also, as I understand it - the UAW in their last 2 contracts have already given in on many things they had in the past, and as I understand it - the president of the union has also agreed that the union will take more cuts. As I understand it, the Senate wanted the union president the other day to promise exact cuts that the UAW would take, and even though he agreed that the UAW needed to do that - he could of course not give specifics since things like that would have to be voted on by all UAW union workers.

The Union president has also said that (as I mentioned about, the union already took cuts and willing to do more), that he also believes that the union should not be the only one giving back. The CEO's and upper management of the car companies should also give back. Also the majority of car parts are made by non-union companies, and even though the UAW has taken cuts in the past - management and other outside sources have only gained in the past. So as he said, the union is willing to do their part - but they also should not be the only ones.

Plus just to let people know - I believe unions today are almost pointless. I believe I lost my job 6 years ago because of the greed and uselessness of a union - so it's not that I'm pro-union... I'm just posting what I understand of the situation right now.

... and again, I say "as I understand" a lot since I'm not 100% sure of all of those - it is just things I have heard and read - so it might not be correct.