Posted on 11/12/2008 5:17:43 AM PST by Kaslin
You’re right, but it won’t be the unions that get the blame. Never has been, probably never will be.
Let them fail, or at least negotiate all the salaries down. In any deal there is give and take. GM just wants the TAKE. If they won't cut wages from the top to the bottom and away with bonuses, then to hell with them.
If I were an auto worker for GM or any company and they said they were going out of business, I would volunteer to tell them to cut workers wages, perhaps cut wages for a % of profit, that way workers have a vested interest in how the company is ran, they will work harder and better to produce a good product. I know it is too simple for those Dem. Union members to think like this.
We are all in this thing together, (Not by our choice, we were injected into it), yet the union just does not want to give one dime, well when no one can afford their DIME and purchase the junk they produce, let them fail. Remember Obamas plan, trickle up Poverty, seems it's going to work out real well for them.
True.
But there is trouble, then there is trouble.
Toyota has had a fall in profits, yes. Difference is , they are still making profits, and their market cap is vastly bigger than GM’s.
GM on the other hand, is making huge loses, doesn't have enough money to stay in business, and GM’s market cap is currently under $3 billion. Bill Gates could buy GM from his pocket change.
GM is burning through 5 billion a month...how long would 1/3 of 25 billion last?
But she has a new plan. She's going to raise taxes, again!
The sales tax, the gas tax, license plate taxes, toll roads,...
All the money that comes into the state currently goes to the teachers union and Grandmole has to keep feeding that beast.
I partially agree and partially disagree. On MSN/liberal outlets we go after democrats and Obama by changing the subject to THEM, not defending Bush. Now as time goes on if Obama screws up then in some cases we use McCain for comparision, some cases Bush, whatever works. It’s PR war now, cynical PR war.
But within our circles we HAVE to admit how bad Bush was. Pelosi really had a great strategy, dont make waves, stay together, blame Bush for everything. Bush/McCain has a losing strategy, cut deals with democrats, destroy republicans with anti-republican bills cut with democrats.
If we continue to circle the wagons I fear we will not learn and revive. 1993 took a cleaning of Republicans.
Gates and many others. Why don't they?
It's a crappy company with fatally high operating costs.
If private capital doesn't want it, why should the taxpayers have to buy it?
The company needs to be liquidated. It will be a far better use of capital and might be the positive turning point for Michigan's economy.
A “clarion call to energize the base”??
Wanting an American company to fail, energizes the base?
What have we become?
Agree with everything you say there.
“Every single automotive manufacturer in the world is going to be in big trouble”
I think we miss the point in singling out the auto industry as being in “big trouble”. Everyone and everything is in BIG TROUBLE. The question is why, and how do we fix things. It seems to me that once upon a time this country enjoyed a level of income and prosperity unprecedented in modern times. It was a time when we imported very little and actually made things in the USA. Since so called “free trade” came along, followed by outsourcing of jobs, all hell has broken loose. Do you think maybe our financial crisis is simply caused by the decline in the ability of the american consumer to support our current standard of living?
We’re in big trouble, because we have been deliberately sending America’s wealth OUT OF THE COUNTRY for three decades now.
It was called “free trade”.
That is the big trouble. Irrational hatred of unions, and flat-out greed has now demolished American manufacturing to the point we pay foreigners for EVERYTHING WE BUY.
We’ve spent all our money. Now we’re broke.
It’s not complicated.
Thirty-eight years at Chrysler I heard and saw, “Steal all you can, while you can at the TOP.” ALL the price stickers on each vehicle (and all other auto manufacturers too) should list all the FREE trips;including lodging and transportation for families and employee, tickets for any and all entertainment and sporting events, food, vacations, cars, gas, health and life insurance, bonus payments,etc. Which the uninformed buyer paid out of their pockets for. The American auto manufacturers WERE NOT and DO NOT CARE WHAT THE CUSTOMER WANTS. In the 80’s Management was sworn to secrecy as to their Million dollar bonuses they received on top of their salaries. AND, the MEDICAL industry copies this practice too!
You obviously do not understand capitalism. An American company so badly mismanaged SHOULD fail. The failure of GM will trigger a much better use of capital and assets. That's how things GET BETTER AND GROW under capitalism.
Investors understand what a dying dog looks like.
Clinging to something once successful but now failed is in NOBODY'S best interest.
Hey Mr. GM, remember that 2002 Bonneville you sold me that has numerous broken gages,a sagging headliner, premature worn parts, door locks and windows controls that don’t work? Then remember you charged me $100.00 to tell me that you needed $500.00 to change the plugs and plug wires? I still remember the nightmare it was to do the work myself. I guess your engineers do not solicit advice from auto mechanics. Or do they, so the ordinary Joe cannot work on their cars? Don’t even get me started on my wife’s Saturn Vue, because you do not want to hear about the transmission you recently replaced is now leaking. You are making it very difficult for me to buy American. I can’t wait to see what happens when I hit 100,000 miles.
Irrational? Paying $70 hr for tightening bumper bolts is irrational!
Yeah, just like it did with bad American steel companies, right?
The real, core problem with the auto industry is very simple: Unions. Unless the UAW and all that comes with them are eliminated, no American car manufacturer will ever survive, regardless of what else is done with capital and assets.
You still don't get it.
Wanting to save American taxpayers billions of dollars in wasteful spending, and preventing our children from being saddled with even more billions in government debt, energizes the base.
It's not the business of government to pump taxpayer money into private badly run companies. They rise or fall with the competence of their management and how they are able to cope with competition. Government bailouts never save badly run companies.
Those Michigan union auto workers were loyal, patriotic Reagan democrats. Joe the Redneck.
Before so-called conservatives decided it was more important to have cheap shelves of crap in Walmart, than it was for America to manufacture things.
Now China is the world leader in manufacturing, we’re bankrupt, and that pickup-driving former Reagan democrat at GM is the problem?
And we wonder why that union autoworker now votes for a party which is run by homosexual activists who hate America?
Because WE CHASED HIM OUT OF OURS.
“We chased em out of ours”!!
BINGO
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