No, you are right, but the DemoSocialists do. They need UNION CONFIDENCE in their incompetence. They need the union vote. They could care less about out last dying large industry in America. They would RULE over the ashes if that is what power meant to them.
Marxist bastards.
I have a family member who is retired from GM. While I feel bad there, I agree it is unsavable. While unions were necessary before there was government regulation as to employer abuses, minimum wage, and other safeguards for workers, unions have outlived their usefullness imho, and now they only cause harm, ie education, autoworkers,american manufacturing etc. Time to let that dinosaur die and allow america to compete again.
If you think the economy is in the tank today just wait until GM goes down...
GM is already dead. and so is the rest of the economy...if people really cared about the economy they wouldn’t have voted for obama
GM:Gimme Money
The Chi-Coms can buy them and ship the whole company to China. No UAW there. Chinese love Buicks.
If GM and Ford go out of business, what’s to stop the foreign automakers from closing up their US plants and shifting everything back to their homelands? Nothing. They will have 100% of the US market anyway. We NEED the domestic automakers to survive, and that means gutting the current labor contracts or fast-tracking the agreements made last year that take effect in 2010. Bankruptcy is not a solution, they will never come out of it. Management and the UAW need to sit down and get this done now, forget begging to Washington for a loan/bailout. I’m guessing the UAW membership will go for massive pay cuts right now to save their own hides. UAW leadership, on the other hand, continue to be obstructionist.
Union members know they don’t work for a living. They sit around laughing about doing nothing much on the lines. Or sitting idle doing nothing. And getting the annual layoffs, big vacation time. Now perhaps they’ll have to learn how to work again. I don’t feel sorry for them. With 100 percent paid education allowances, they have no excuses for being in jobs about to end.
Forbes, Steve Forbes to be precise, was one of the folks crying the loudest for the scam of a “bank buyout” 700 billion, how cavalier of his publication to now pronounce that “we don’t need no stinkin’ GM”
H-i-p-p-o-c-r-i-t-e thy name is Forbes.
Increasing AIG largesse from $85 billion to $150 billion and allowing car companies and states to join the queue provides evidence the bailout produces deception without solution. Terms enabling lending or investing, allows management, labor, and government leaders to fabricate temporary shelters from market forces and voters revealing their ineptitude. Elections for 535 patricians returned most to Washington, when nearly all were decayed and wretched. One patrician even became president, though severely infected by gifts and influence from those precipitating the mortgage crisis.
Government institutions nationalizing private sector firms feed addictions to power equivalent to individual addictions to chemicals or pornography. Individuals exchange personal freedom for perception of material security, but only postpone the looming reckoning.
Proper government involvement means the Federal Reserve, in concert with Treasury and Justice, applies persuasion to private sector firms. Brutal persuasion, just short of torture as condemned by Geneva Conventions, enables private companies to discover programs for market clearing asset prices. They also form new companies absent flagging management and labor attributes.
Whatever financial cost the country must pay now to adhere to principle pales before the later cost incurred, if markets are forced to merely postpone consequences. True solutions reaffirm the inevitability of market forces countermanding human laws, and incorporating risk within all economic activities.
Our Constitution says this country will promote the general welfare. It did not say the Treasury Secretary would ensure protection of home values, college funds, retirement accounts, life savings, homeownership, corporate wealth, political careers, and union benefits.
For a 72 year old that grew up with GM—Ford—Chrysler I hate to see this happen
I hope bankruptcy and a comeback for all of them
It is as if part of the USA died
I still can’t get used to all the foreign makes dominating here
I think that a collapse of GM could be the last straw that pushes us into depression. I don’t think they should bail them out without fixing the problem, but they should knock the UAW’s wage scale down by about 35-40%, and management should be forced to take the union scale until they’ve paid off the US loans.
The USA may not need GM, but they will want Ford to survive. Ford has a new, very exciting small car lineup coming over the next 2-3 years that will finally directly compete successfully against the Honda and Toyota offerings, and because Ford has actually demonstrated a plan to improve its product mix it stands a far better chance to get some sort of assistance from the government.
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Emotionally, we may feel General Motors (nyse: GM - news - people )
represents a pillar of our economy and should be saved.
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That can be dispelled by visiting Detroit.
Even if only virtually, at:
The Fabulous Ruins of Detroit
http://www.detroityes.com/home.htm