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| G.M. Said to Seek Merger With Ford Before Chrysler
Posted: 10/13/2008 5:04:01 PM |
I personally think that $22/hour is a f**king ridiculous wage to pay a laborer with a GED or H.S. diploma. Well, then perhaps you'd be interested in yet another "myth buster". While it's certainly not the majority, and was certainly not the case 20 years ago; TODAY, quite a few of those "uneducated" laborers have degrees in areas such as, teaching, engineering, computer sciences, nursing, human services, business management, accounting, I even know one who had a Masters degree in Social Sciences and was working toward his PhD in Philosophy. While the "tuition assistance" program did help some of the workers achieve that level of education, many were already educated and were simply there because of the pay scale. Are you certain that any of those registered nurses would have been willing to forsake the nice clean environment of a hospital or doctors office for a few dollars per hour? (Most are NOT)
What then, is your opinion of white collar workers who earn on the average of $2,500+ AN HOUR? (they have no more time or money invested in education than an RN does)
It might also interest you to know that salaried workers supported those wages BECAUSE, whatever the union negotiated, salaried workers automatically get 3% HIGHER as their wage, and their level of education was very comparable to their counterparts (High School only). | |
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| G.M. Said to Seek Merger With Ford Before Chrysler
Posted: 10/13/2008 5:15:01 PM | Very true Grandma...many of my co workers have degrees in nursing--a lot of teachers--lots of businessmen--a guy working near me is a paramedic--many of these people can't get jobs in their fields.....it isn't like the olden days when they were hiring people off the street--you have to have a degree to be as low as a foreman...for what I don't know....when they hire their production workers your level of education will get you in sooner than anyone else--depending on who applies--and they go down the list. You can apply with as little as a high school diploma but you will be down the hiring list from those who have more.
Getting bashed because of where I work and how much I make is a daily part of life--especially where I am from. Funny though I ask each and everyone of the bashers if THEY HAVE EVER applied and 98% of them said..'well uhhhhh no'...the other 2 percent didn't pass the testing to proceed for an interview. | |
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| G.M. Said to Seek Merger With Ford Before Chrysler
Posted: 10/13/2008 6:35:48 PM | GrandmaBooBoo, the nasty part of nursing is done by CNAs most of the time. Yes, RNs do it too, in ICU, when there aren't enough CNAs, etc. But for the most part, CNAs do it, and they don't make nearly that much. RNs make good money, but they earn it through education and the sheer demand for them.
Not that I think RNs are brilliant...some are very good, earning every penny; and end up in doctors' offices for the better pay and better hours. But then there are some...that are downright scary- can't do the math for what they're trained to do, can't work a computer, and utterly fail at inter-departmental diplomacy. And when their patients are calling out...they are juuuust out of earshot. But the rest of the staff has to listen to it.
Just letting you know that nurses aren't all the saints that some seem to think. | |
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| G.M. Said to Seek Merger With Ford Before Chrysler
Posted: 10/13/2008 6:46:24 PM |
I'm not sure what your point is. I'm ok with people losing their jobs in an industry that is rife with inefficiencies though. I'm glad that you're ok with that!!! The first thing that happens when a large employer (who accounts for 5% or more of the jobs in a particular community) has a mass lay off or closes down is: The the tax base for that community is instantly and drastically reduced. City services are cut back, so if you're a policeman or fireman, or work for the street department, then you'll experience similar reductions in the work force where you're employed. When people are unemployed, gone are those luxuries like...eating out, going to a movie, renting a video even, all forms of "recreation" are in jeopardy, less pizza ordered...essentially, unemployed people stop "unnecessary spending". When spending is reduced, people in OTHER job markets are laid off. In other words...the effect SNOWBALLS. For every high paying manufacturing job that is lost, you can expect 2-3 $5-$10 per hour jobs to disappear with it. As Message # 14 stated, the effect can be much more widespread in smaller communities, having a proportionately much more serious ramification LOL! I got a particular chuckle many years ago when a "Special Education Teacher" who passionately hated GM, was laid off permanently, from our local high school.....not realizing that 70% of our towns tax base came from GM! He had no problem with people losing their jobs in that industry either....until is was HIS OWN which was lost. (My towns population was under 10,000, but over 5,200 GM workers paid taxes there) Surely you DO realize that you pay taxes to the community in which you are EMPLOYED!!!
Funny though I ask each and everyone of the bashers if THEY HAVE EVER applied and 98% of them said..'well uhhhhh no'...the other 2 percent didn't pass the testing to proceed for an interview. LOL! what's even funnier is that the last time my plant wanted to hire 200 people....they had to go through 2300 applicants before they could find 200 who could pass the DRUG TEST!!!! LOL!
RNs make good money, but they earn it through education and the sheer demand for them. Well, let me reassure you that MY education level is equal to, if not greater than that of an RN, BUT if it makes you feel better, the next time your sewer backs up...Call an RN! | |
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| G.M. Said to Seek Merger With Ford Before Chrysler
Posted: 10/13/2008 10:19:40 PM |
Well, let me reassure you that MY education level is equal to, if not greater than that of an RN, BUT if it makes you feel better, the next time your sewer backs up...Call an RN!
Ok...I was only clearing up that the work you don't like the thought of doing, is done mostly by CNA's, not RN's. And I have a septic system...it can back up, but until then, I do my own work when I can.
I'm glad that you're ok with that!!!
Not sure if that's sarcasm, or not. | |
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| G.M. Said to Seek Merger With Ford Before Chrysler
Posted: 10/14/2008 7:40:17 AM |
Well, then perhaps you'd be interested in yet another "myth buster". While it's certainly not the majority, and was certainly not the case 20 years ago; TODAY, quite a few of those "uneducated" laborers have degrees in areas such as, teaching, engineering, computer sciences, nursing, human services, business management, accounting
This is certainly true, however it doesn't change the fact that labor is cheap because it is plentiful (remember supply and demand?) and unions do nothing but artificially inflate it's cost, and then complain when the market can't bear it or some Mexican comes along and is willing to do the same job for half as much.
I even know one who had a Masters degree in Social Sciences and was working toward his PhD in Philosophy. While the "tuition assistance" program did help some of the workers achieve that level of education, many were already educated and were simply there because of the pay scale.
Yeah, my best friend is one of those guys. I think he's on his 3rd or 4th worthless (as far as employment goes) degree, including at least one in philosophy. But he's a disabled vet, so Uncle Sugar takes care of his tuition. Anyone else that spends time or money getting a degree in Philosophy is hopefully doing so with the knowledge that they're doing it for their own enjoyment and NOT because they're ever going to make a living with said degree.
What then, is your opinion of white collar workers who earn on the average of $2,500+ AN HOUR? (they have no more time or money invested in education than an RN does)
My opinion is that white collar workers do NOT earn on the average $5.2 million dollars a year, which is what your figures work out to assuming a 40-hour week. 
It might also interest you to know that salaried workers supported those wages BECAUSE, whatever the union negotiated, salaried workers automatically get 3% HIGHER as their wage, and their level of education was very comparable to their counterparts (High School only).
Well sure they did! The last several decades have seen Boobus Americanus brainwashed into believing that there IS such a thing as a free lunch, it's all a big 'ole gravy train and we can all hop on board! Hell, look at what's going on TODAY as I type this.
"They can just print more money to pay for it all, right?"  | |
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| G.M. Said to Seek Merger With Ford Before Chrysler
Posted: 10/14/2008 7:52:35 AM | Well the big leap in the market helped both Ford and GM stocks, but this was just a dot on the radar for any sort of good news unless this trend keeps on going for weeks on end.
Mazda and Ford are in talks right now about Mazda buying back 20% of its company out of the 33.4% that Ford currently owns., which is a win win for both. If this deal goes through this means More freedom for Mazda and more money for Ford and at this point Ford could us all the extra income as it can get. | |
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| G.M. Said to Seek Merger With Ford Before Chrysler
Posted: 10/14/2008 9:12:50 AM |
This is certainly true, however it doesn't change the fact that labor is cheap because it is plentiful (remember supply and demand?) and unions do nothing but artificially inflate it's cost, and then complain when the market can't bear it or some Mexican comes along and is willing to do the same job for half as much. SUPPLY AND DEMAND??? LOL! Are you kidding? Check out the thread going now about how wonderful it would be to have a "moneyless society" and how that would resolve ALL the world economic woes!!! The opinions there are running about 9:1 in favor of socialism...looks to me like nobody has much faith anymore in "supply and demand" (until they start talking in a thread like THIS one, and are hit smack in the face with the REALITY of it)
But, back to the cheap foreign (specifically Mexican) labor; yeah, that sounds great too until you talk about that thing called "quality". One of the reasons that automotive manufacturers STARTED educating it's employees was to improve the quality of the product being manufactured. When the Big 3 began loosing the major market share (early 1970s), for a long time they just assumed it was due to cost. It took them 10 more years to figure out, that it wasn't price so much as it was the lack of quality. So, now that we're back to cheap labor which can't produce a quality part...HOW exactly is this going to resolve the issue at hand?
Anyone else that spends time or money getting a degree in Philosophy is hopefully doing so with the knowledge that they're doing it for their own enjoyment and NOT because they're ever going to make a living with said degree. This is quite true, however, consider: After 2 years of Tech School and 4 yrs OJT (on job training), I acquired the fairly worthless AA degree in manufacture engineering. When I decided to take advantage of those "core requirements" and enrolled in a 4 year university (majoring in Sociology and Economics), even though it was never my intention to put that training to use in another job market, the FACT remains, that IF I were to decide to do so, the hiring pool becomes that much greater; more competition, lower wages!!! Does this make sense to you now?
My opinion is that white collar workers do NOT earn on the average $5.2 million dollars a year, which is what your figures work out to assuming a 40-hour week. Your assumption was incorrect, as I was figuring not on 2080 hr year, but rather on about 500 hrs a year (of ACTUAL work) and a "modest" bonus, perks package. I was also referring even the lowest level of "executive"....say, a Non-sup Level 7, as opposed to the higher level executives who "earn" (and I used the term laughingly) even more.
The last several decades have seen Boobus Americanus brainwashed into believing that there IS such a thing as a free lunch, it's all a big 'ole gravy train and we can all hop on board! Hell, look at what's going on TODAY as I type this. Yup!!! I couldn't possibly agree more! I was simply trying to make the point that the "responsibility" is equally distributed; as should be the "blame". ( The "followers" can't be any better than the "leaders") | |
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| G.M. Said to Seek Merger With Ford Before Chrysler
Posted: 10/14/2008 9:59:15 AM | SUPPLY AND DEMAND??? LOL! Are you kidding? Check out the thread going now about how wonderful it would be to have a "moneyless society" and how that would resolve ALL the world economic woes!!! The opinions there are running about 9:1 in favor of socialism...looks to me like nobody has much faith anymore in "supply and demand"
The mechanics of supply and demand are a reality and byproduct of human nature. It simply *IS.* Anyone that doesn't understand this very simple reality of how people naturally tend to interact with each other is probably blowing smoke if they're talking about anything economic. I'm not referring to you, Grandma, but to those folks who think we can somehow turn off supply and demand, or who "don't believe in it." I can show you a building full of kids who believe in Santa Claus....
But, back to the cheap foreign (specifically Mexican) labor; yeah, that sounds great too until you talk about that thing called "quality". One of the reasons that automotive manufacturers STARTED educating it's employees was to improve the quality of the product being manufactured. When the Big 3 began loosing the major market share (early 1970s), for a long time they just assumed it was due to cost. It took them 10 more years to figure out, that it wasn't price so much as it was the lack of quality. So, now that we're back to cheap labor which can't produce a quality part...HOW exactly is this going to resolve the issue at hand?
There is no issue at hand, just ask Wal Mart, who has grown into a behemoth by following the business model of selling cheap, probably lower-quality goods at a low price made by cheap labor in China. Plenty of people spend their money on these goods because they're cheaper, and so be it if I have to buy a new $7.99 coffee maker every 7-8 months.
IF I were to decide to do so, the hiring pool becomes that much greater; more competition, lower wages!!! Does this make sense to you now?
Of course it does, it's that supply and demand thing I was talking about.
As an aside, I think I may have given you the mistaken impression that I think education level indicates a person's value or "worthiness" to earn money. That is not my personal belief, however, the point I was trying to make about "laborers with a GED or high school diploma" is that there's no shortage of supply for that type of labor, whereas there is a smaller pool of folks with MBA's, for example. Supply and demand. When there's only 10 other guys with your skills you can command a much higher salary than when there's 10,000 other people who can do the same thing you can. Someone in that 10,000 is going to do it for less than you and take the job.
Your assumption was incorrect, as I was figuring not on 2080 hr year, but rather on about 500 hrs a year (of ACTUAL work) and a "modest" bonus, perks package. I was also referring even the lowest level of "executive"....say, a Non-sup Level 7, as opposed to the higher level executives who "earn" (and I used the term laughingly) even more.
I guess it depends on your definition of "white collar." I think you're still talking about a very small percentile of the ("white collar") workforce and not "on average," which was my real beef with that statement.
Yup!!! I couldn't possibly agree more! I was simply trying to make the point that the "responsibility" is equally distributed; as should be the "blame". ( The "followers" can't be any better than the "leaders")
I agree, and while I don't have a problem with "privatized profits" I DO have a problem with those who profit privately getting their stooges in government to socialize their losses.  | |
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| G.M. Said to Seek Merger With Ford Before Chrysler
Posted: 10/14/2008 12:00:06 PM | Re: Post #35. LOL! Your head seems to be screwed on perfectly straight to me; perhaps you think we misunderstood each other because I was trying to make the sarcasm just slightly more palatable for some others.
I think if you called me Dagny Taggert though...she wouldn't be too terribly offended.
I agree, and while I don't have a problem with "privatized profits" I DO have a problem with those who profit privately getting their stooges in government to socialize their losses. This is the whole crux of the matter isn't it? A point that I attempted to loosely make in post #17. One corruption encourages another, and then another, and in the end it's the poor slob who understands NONE of it, but goes blindly through live believing that if he follows the rules and works hard, everything will turn out ok in the end!
But WHERE do we draw the line "feeling sorry" for them? (the people who are going to be hurt the most). I mean, honestly....these are the very ones who support the pie in the sky, feel good boys (and girls), naively believing that they can milk the system for all it's worth...and that it won't all come tumbling down on us ALL eventually!
As an aside, I think I may have given you the mistaken impression that I think education level indicates a person's value or "worthiness" to earn money. That is not my personal belief, however, the point I was trying to make about "laborers with a GED or high school diploma" is that there's no shortage of supply for that type of labor, whereas there is a smaller pool of folks with MBA's, for example. I didn't get out of that what you thought I may have. I agree, a person's value is hinged neither to their education nor their earning capacity, BUT, let's be realistic. MBA or NO....there are simply people who are NOT going to see wading through sanitary waste, working in 140 degree heat, mandatory 70 hr a week schedules as being WORTH the extra $5 an hour. I do believe that many people fail to factor in the "adverse" working conditions. LOL! while I personally loved wearing the Eau'd Hydaulic Oil sent myself...it's just not for everyone.
There is no issue at hand, just ask Wal Mart, who has grown into a behemoth by following the business model of selling cheap, probably lower-quality goods at a low price made by cheap labor in China. Plenty of people spend their money on these goods because they're cheaper, and so be it if I have to buy a new $7.99 coffee maker every 7-8 months. I have to disagree on this point. I believe there's a vast difference between a $7.99 coffee pot, and a (cheap) $22,000. vehicle. But, ya know....maybe not, as there are hundreds of thousands of people who buy automobiles with $0 down, finance them for 10 years and then let them get repossessed if their employment is interrupted for as little as 2 weeks. American's DO tend to expect TOP quality at LOW prices....everywhere except in their own industry. You will rarely hear us say....hey...it was $7.99...what do you expect? Likewise, we tend to EXPECT the same "quality" in a $22,000 car as we would in a $50,000 one.
I guess it depends on your definition of "white collar." I think you're still talking about a very small percentile of the ("white collar") workforce and not "on average," which was my real beef with that statement. I believe your confusion is in that you're relating this to what I call "the real world" but the topic of this thread is about General Motors, and I was therefore associating my comments to that "alternative reality". In that venue, I do believe that my estimates are reasonably accurate.
And again, we see another example of socialism in the making. ABSOLUTELY, I see nothing wrong with privatized profits, what I DO however have a problem with is socialized losses. Whether it be the financial industry, the auto industry, OR...wait while I put on my bullet proof vest: Whether it's bailing out people who CHOOSE to live in the path of a hurricane, or a fault line, or a flood plain!!! This is RISK TAKING behavior, for personal enjoyment, but yet when disaster strikes....they expect the whole country to take the hit for it. Are you telling me that those "poor people" didn't KNOW they live in hurricane alley? Do they not KNOW that they live on a fault line? Year after year however, American taxpayers foot the bill for the losses of....sorry....stupid people!!! It seems that is the function of our government these days....rescuing stupid irresponsible people, individually or in large groups.
I believe in charity, I believe in compassion; but I also believe that when you're dealing with people who KNOW disaster is coming...and they stand there and thumb their noses at you with their IN YOUR FACE attitudes and tell you point blank..that they DON'T care.....because "the government" will cover their losses....somebody needs to pull the plug....and LET THEM DROWN! Ohhhh nooo, WHY do I hear people cheering??? The ones who SHOULD drown are NOT the ones who WILL drown! (it's those cheering who are the first to drown) | |
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| G.M. Said to Seek Merger With Ford Before Chrysler
Posted: 10/14/2008 1:00:05 PM |
perhaps you think we misunderstood each other because I was trying to make the sarcasm just slightly more palatable for some others.
Yeah, I was confrused there for a minute, LOL.
I think if you called me Dagny Taggert though...she wouldn't be too terribly offended.
Spot on with the rest of your post. I had a longer reply but it started looking silly, as I was basically quoting and agreeing. I will add something, however, to:
Whether it's bailing out people who CHOOSE to live in the path of a hurricane, or a fault line, or a flood plain!!! This is RISK TAKING behavior, for personal enjoyment, but yet when disaster strikes....they expect the whole country to take the hit for it. Are you telling me that those "poor people" didn't KNOW they live in hurricane alley? Do they not KNOW that they live on a fault line? Year after year however, American taxpayers foot the bill for the losses of....sorry....stupid people!!! It seems that is the function of our government these days....rescuing stupid irresponsible people, individually or in large groups.
I believe in charity, I believe in compassion; but I also believe that when you're dealing with people who KNOW disaster is coming...and they stand there and thumb their noses at you with their IN YOUR FACE attitudes and tell you point blank..that they DON'T care.....because "the government" will cover their losses....somebody needs to pull the plug....and LET THEM DROWN! Ohhhh nooo, WHY do I hear people cheering??? The ones who SHOULD drown are NOT the ones who WILL drown! (it's those cheering who are the first to drown)
You are absolutely correct, but I will add that my beef with taxation in general is that we take the above in your face attitudes of these people, and then we in essence put guns in their hands (via the government "tax enforcers") and now they get to rob us, under threat of physical violence or kidnapping (for "tax evasion.") It's infuriating to me that otherwise good, moral people don't see the underlying EVIL in that. | |
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| G.M. Said to Seek Merger With Ford Before Chrysler
Posted: 10/14/2008 1:37:03 PM |
Ford, GM, and Chrysler still make cars? Who knew.
They're basically the only companies that continued to make absurdly large vehicles while gas prices continued to rise. When you make bad business decisions, like that, you deserve exactly what you get.
Problem is, they'll probably be the next ones to get bailed out "to save jobs."
Yep...
How many people even heard that this is a done deal?
http://www.nytimes.com/reuters/washington/politics-us-autos-loans-obama.html?pagewanted=print
Another $25 billion in bailout money is already going to the automakers in December.
(With a certain candidate simply repeating the slated deal and urging it on...I guess that way he can say he's the one who pushed for it?)
These auto makers and their killer SUVs that they can't sell...What balls!
They've known for years that gas prices were climbing and instead of turning their attention 10+ years ago to what would inevitably become the higher-demand ultra-efficient vehicles, chose instead to continue building ever-larger and hungrier gas-wasters.
If they can get these behemoths to achieve 25-28 mpg, imagine what they could have been turning out (and selling in much greater numbers) in the way of more appropriate vehicles.
Instead, the taxpayer gets to float them once again for their foolishness, as they cry about jobs that will be lost. It's their doing. It should be their problem.
Are we supposed bail out every blooming idiot, large and small - be it homeowners, bankers, corporate heads, spendthrift governments, etc? This money is going to everybody EXCEPT those left to pay for it.
The money should get injected but ONLY for appropriate shares of voting stock, said stock to be placed into the custodianship of a taxpayer's ombudsman that is mandated to act ONLY in the interest of the taxpayers (under penalty of criminal prosecution). This would include the decisions to export or retain domestic jobs within the respective companies, as well as chosen product manufacture and output.
The same should be happening for ALL taxpayer-funded bailout monies.
Whose next on the bailout gravy train?
So far the money only seems to be being spent on those who don't need it, or who had it and knowingly squandered it.
I bet the railroads will be on that list. So will airlines...again. And believe it or not...I bet oil companies will also show up somewhere on a bail money list. | |
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| G.M. Said to Seek Merger With Ford Before Chrysler
Posted: 10/14/2008 3:25:25 PM | | I never understood why the gov keeps on bailing out large companies like this. They did it to Chrysler back in the 70's and now they are doing it to all 3. Unless there is a real plain in place by the gov by putting strict guidelines into bailing these companies out and providing benefits for the consumers in return, I’d say let them die. It's not the tax payers fault that these 3 got themselves into this mess, so why should the tax payers shell out basically free money to these companies without getting anything back in return that will benefits us??????? | |
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| G.M. Said to Seek Merger With Ford Before Chrysler
Posted: 10/15/2008 5:05:06 PM | so why should the tax payers shell out basically free money to these companies without getting anything back in return that will benefits us???????
??...Big three workers are huge taxpayers.( I pay enough taxes just in a normal month to support 5 non working families and that's just one person)...so we get jobs in return. It is a sick cycle isn't it?? Because of where I live you don't have to look too deep to see that the auto industry runs the majority of Ontario....it would definitely be devastating for nearly everyone without it...that's a lot of money being pumped back in...restaurants,stores,real estate,doctors,dentists--everyone feels it. Not to mention what the auto companies do for their communities--their outstanding fundraising--computers for kids--their United Way drive--millions of dollars--their school programs--coats for kids etc etc etc | |
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| G.M. Said to Seek Merger With Ford Before Chrysler
Posted: 10/15/2008 5:49:46 PM | | One the problems with gm is brand confusion. Holden ,opel and vauxhall are still profitable where GM's North American opperations struggle. GM to be more profitable in the north american market need to slim there line of cars down to one or two brand names. They have to many of the same platforms with diffrent badging. Toyota has 2 lines...Honda has 2 Lines while GM has like 7. | |
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| G.M. Said to Seek Merger With Ford Before Chrysler
Posted: 10/15/2008 8:50:29 PM | | I just think the U.S. automakers need to do a much better job in managing their money, because if they had then they wouldn't be in the mess that they are in. I mean, GM for years sought after buying up other car companies just so that they can basically show off who has the most car emblems in the world under their belt like some empire. It was basically an arms-race in the automotive industry between Ford, Chrysler and GM, but it backfired. Chrysler ditched Plymouth, Eagle and sold Lamborghini. Ford sold off Aston Martin, Jag, Land Rover, and now possibly Mazda. While GM has ditched Oldsmobile and is trying to get rid of Hummer now. Having many branches under your belt doesn't mean you will make a lot of money. Auto companies like Toyota and Honda have always understood this which is why they keep their branches small and is one of the reasons why they are a lot more profitable as well, because they don't have to worry about producing tons of cars for lots of branches and hoping they will sell. The only way I would bailout these 3 would be to tell them that you need to kill off or sell, off a certain amount of branches that you currently own and simplify your company more, because the Big 3 way over expanded themselves. Ford has done that, now its GM's turn. | |
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| G.M. Said to Seek Merger With Ford Before Chrysler
Posted: 10/17/2008 9:05:05 AM | GM needs to kill a division or 2 yes.
Pontiac - Americans wont pay for a non cheap Pontiac so kill the brand, its sad to see a once proud brand like Pontiac making econonoxes. Pontiac should be performance.
GMC - Just make that Chevrolet Trucks.
Saturn - Either kill it or peomote it properly as GM's Euro import division, as its importing Opels now. | |
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| G.M. Said to Seek Merger With Ford Before Chrysler
Posted: 10/17/2008 11:19:29 PM | | BAN IMPORTS OR TAX THEM ACCORDINGLY AS IS DONE TO CARS BEING SENT TO EUROPEAN COUNTRIES oops...after all it is kinda funny seeing people complain about the demise of the big 3 while having a toyota, datsun, honda in the driveway,,,hippocrats | |
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| G.M. Said to Seek Merger With Ford Before Chrysler
Posted: 10/22/2008 1:02:42 AM | | Gm and Chrsyler should not bailed out period because the UAW has looted the big three of cash for future investments. Taxpayer is in catch 22 we bailout the big three they will recover and boom 20 years later they are going to belly up again did that bailout benefit the taxpayer. Hmmm, no because the company almost belly up and risking 3 millions jobs in Indiana, Michigan, Ohio, Missouri. The Unions needs to go bye, bye but I know Republicans and Democarts in those states know if Ford, GM, Chyrsler go belly up they are electoral dead meat. Instead the goverment should help out the laidoff workers in the situation by giving wage insurance and aid for job retaining for new jobs. The merger is gonna be distater and the companies are distaters anyways because they produce SUV because of higher profit margins, and for years lobbied against stricter mileage standards because its easier to profit off Suburban or Sliverado than to build Malibus and Calivers. | |
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| G.M. Said to Seek Merger With Ford Before Chrysler
Posted: 10/22/2008 8:18:09 AM | The midwest mindset cost them.
Their overseas divisions make good cars. Europe and Australia.
Bail them out on the provision that their quality improves, and they make smaller cars.
Also some tarrifs on imports wouldnt hurt.
Other countries do it. | |
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