 KoilPremium
join:2002-09-10
Irmo, SC | Can someone tell me... Why the "Big 3" shouldn't just go into bankruptcy? It doesn't mean that they have to stop doing business, right? It allows them to renegotiate their contracts, and that's exactly what needs to happen if they're going to survive.
It makes me laugh when I hear the head of UAW on the radio say that they're now radio to make concessions in order to assist in this hard times. O RLY? Seriously? You're the reason that the Big 3 haven been going down the $hitter in the first place...and now they're finally willing to do some more negotiating? I am not saying they auto makers weren't idiots to offer them some of the deals they did to buy out some contracts, but good lord...If I were the Big 3 I would drop into bankruptcy so fast it'd make their head spin. The greed of the unions has put them in this predicament and you almost get the feeling they're going to act like a parasite and ride this thing until its dead, rather than take a step back and realize they can keep getting what they're getting until the well runs dry in less than a year, or take less, but continue to receive SOMETHING? (Last I heard, I believe GM is paying 2 grand for benefits for every car that rolls of the line, while Toyota is somewhere in the ballpark of $700. How are you ever going to compete with that?)
And....AND....they're going to retool and make all kinds of nice, green cars that they don't even know if people want?? So, were also going to have to drive what the government tells us (by proxy of the automakers asskissing?)
AND...even with the bailout, it will only delay the inevitable, their business model is friggin borked, period.
Am I wrong in this, if so, what am I missing?
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Anyone who is capable of getting themselves made President should on no account be allowed to do the job. - Douglas Adams |
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MRCUR
join:2007-03-09
Columbia, PA | They should absolutely go into bankruptcy. I can understand, and completely agreed with, the money for the large banks. But this is ridiculous. I understand it's a huge issue with jobs and all, but so be it, they ran themselves into the ground. |
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 MrMoodyFree range slavePremium
join:2002-09-03
Smithfield, NC | said by MRCUR:I can understand, and completely agreed with, the money for the large banks. ... they ran themselves into the ground. And the banks didn't? ROFL! At least the auto makers produce something of value instead of just leeching.
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"It is absurd to say that our country can issue $30 million in bonds and not $30 million in currency. Both are promises to pay, but one promise fattens the usurers and the other helps the people."-Thomas Edison |
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 pnh102Reptiles Are Cuddly And PrettyPremium
join:2002-05-02
Mount Airy, MD | reply to Koil
Too late. In a stroke of disgusting bipartisanship, it looks like the UAW and the Big 3 will become welfare queens to the tune of $15 billion.
»www.foxnews.com/politics/2008/12···ss-auto/
Disgusting. The USA gave up on these junk peddlers years ago. Why do we have to continue pumping money into them?
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Reptiles Are Cuddly And Pretty |
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 rcdaileyDragoonflyPremium
join:2005-03-29
Rialto, CA | reply to Koil
The government says we want these green cars. So, why not have the government buy these green cars and give them to the poor folks who can't afford new cars? That's what FDR did for poor country folk who didn't have good outhouses. He had the WPA build nice outhouses with concrete bases and tanks and a real lift-up toilet seat. That's the kind of positive government involvement we need today. |
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Reviews:
 ·Comcast
| reply to Koil
The benefits that you are talking about are mostly legacy benefits. These are the benefits paid to the retirees. These legacy benefits are one of the biggest problems with all the older companies in the US. These keep going up and there isn't an additional income to offset them. The steel industry went through this about 30 years ago. I remember my grandfather losing his pension when the steel mill he worked at went bankrupt. The newer foreign companies don't have these legacy cost, yet. Not sure how they treat their retirees. |
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Reviews:
 ·magicjack.com
| said by goofy01:The newer foreign companies don't have these legacy cost, yet. Not sure how they treat their retirees. Depends on the country. Developed countries socialize things like retiree health care. It's not the burden of the corporation. In undeveloped countries, something like health care is so unregulated that you can pretty much buy whatever you need, at the price/quality level you can afford.
That's how the US system is so perverted. We've essentially socialized medicine by using public law to restrict willing buyers and sellers to a level of quality that a truly free market wouldn't produce. And then, when prices of this artificially-created market spiral out of control, and those who can least afford it (and are denied lessor choices under threat of *jail*) suggest their health care should be subsidized, everyone starts talking about how "it's a free market, what do you want, socialism?"
It's really perverted because the existence of our regulated system, creating higher quality (predictability) than a truly "free market" would produce, is due entirely to "socialism." Public law used to alter the market for the benefit of some (those who can afford the result) at the expense of others (those who'd settle for homemade drugs, and unaccredited doctors).
Mark |
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 jkj860The Final Frontier
join:2002-01-10
Valparaiso, IN
·Comcast Digital ..
·Comcast
| reply to Koil
I toured an auto factory a few years ago and witnessed an employee that literally leaned on a broom for his entire shift (his words) for $30+/hr. I am sorry, but that is just not right.
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I know you think you understand what you thought I said, but I am not sure you realize what you heard is not what I meant. Nixon |
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