I live in the Mid West. As some of you know, I work for GM in management. The union was asked to do something it legally could not do-contractual law. This was a GOP plan to kill the bill...a car czar with the proper powers can break the contract and will;the union expects this. It’s a matter of complicated law and has to be done in this context.
As for not buying GM cars. It’s your choice. We in the Mid West will come back and will not buy cars made in transplant states-nor will we spend our tourist dollars there. This will hurt these states in ways that will become apparent in the years to come. Our feeling is the foreign manufacturers already received a bailout courtesy of taxpayer money (subsidies to lure them to these states which in some cases included federal money). So if you buy one of these cars, you are already buying into a bailed out industry in many ways. The financial channel reports that it cost about $100,000 per worker in order to get this business. Of course Toyota pay $1500.00 bonus for any car sold in the US- this is subsidy and perhaps could be seen as a bail out by the standard used for the big three. By the by, those of us in the business have heard that while Tennessee (very uncertain in the economic slow down) might still get another transplant, Georgia is out of luck. The foreign plant will not be built. Also, there is a push to make sure that no federal money is used in these transplant deals. Too bad you bet on the foreigner company Gov. Barnes and didn’t offer anything for the Doraville GM plant in way of incentives-your lose.
Of course the Mid West will play its significant card in 2012 as our voters will vote overwhelmingly democratic thus dooming the election of any GOP presidential candidate. I will go third party myself. But as I pointed out in my vanity a couple of days ago...anger against the GOP is almost palpable here. Some chimed in on the thread about their Mid Western states. I live in Ohio, but an Indiana poster said it’s worse in his/her state. Some messaged me not wanting to get flamed by big three haters. The big three may very well disappear. I still do not see how anyone thinks losing industry is a good thing. However, the GOP will be severely damaged by this in the end. It’s a sad day for the party and for America.
I hear what you are saying. I don’t want to see any companies go down or anyone lose their job, but the writing is on the wall. One or two of the big 3 will cease to exist, either sooner or later. If we put this off till later, it will only be worse. Might as well get it over with now.
As if you did anyway. That's a laugh. You have probably never been to a 'southern state'. You know that can work both ways.
Why would anyone want to buy a car from a company where the union runs things (as in bankrupt)?! For someone in 'management' you sure have a lot of time to post on FreeRepublic defending the UAW.
Bankruptcy and restructuring will not necessarily lead to the demise of the domestic automakers. It will give them a chance to actually be competitive afterward. Perhaps ineffective management will be thrown out as a result?
Subsidies can occur for any big company, if they move into an area that wants them, so that isn’t considered a bailout.
It’s considered by some to be a smart strategy for the locality, which will bring in more jobs to the area.
It was the UAW and management at the big 3 that brought this about, and they can handle it the same way other companies who are not smart with their money can handle it, through bankruptcy.
It’s against the law for a union to agree to re-open a contract? Oh, please.
Speak for yourself Bailout Boy.
L
After reading your silly ramblings, it is obvious why GM is in trouble. If you are representative of the management of GM, then I can see there is NO hope for GM.
Got a quick question. As a GM employee would you and your fellow workers be willing to work for minimum wage right now to get the company back on it’s feet with the promise that the company would repay you the difference in wages in the future?
If yes then I will support the bailout, if not then hell no.
It won't matter. CA and the Blue Northeastern states already buy foreign cars. More red states buy UAW cars as it is. Try getting the Libs to buy UAW. They don't and they won't.