Auto Bailout.......

[ChickenTender63]

Let the big 3 fail and go bankrupt, and take the money you were going to use to bail them out and help out the displaced workers find other jobs or retrain them.

 

[Guinea Goonie]

Let us see....

46 million without health care benefits
a 6- 7 percent unemployment rate
I have not heard a company that gives a pension except for the auto industry for years now.

The UAW threw thier weight around for YEARS demanding more and more. The UAW workers held strikes and made ruinous inrows in the auto industry. They are paid over 70 an hour without any more than a high school diploma and many were hired simply because they KNEW someone in the industry, not because they were qualified. How else would one get a job like this !!!

The president of the UAW refuses to negotiate a new contract and just wants to keep the pension plans and health care and BTY, if a worker is laid off they get 95 percent of thier pay to sit and drink beer.

Knowing this, would you NOT want to LOAN these guys 25 BILLION dollars to satify the requirements of the UAW contracts !!??

Well, I think what goes around SHOULD come around and if this LOAN is approved they will never get ther come around and the American people outside this industry will be ONE ANGRY BUNCH.

 

[Guitartists]

Quote:
95% of their pay? My DH doesn't get anywhere close to this. Are we talking about different workers? $70 an hour? Are we talking about the highest positions? My DH was thinking of running for a Union position and it only paid about the same as what he makes now.

 

[Guitartists]

Quote:
That's the problem... WHAT other jobs? Not much going on in MI right now....... my DH plans to apply at the new Solar Panel plant going in... but they aren't even up and running yet and it's over an hour commute one way

 

[PurpleChicken]

Quote:
I'm not sure if any countries actually back their cash with gold or silver
any more.

It's my understanding that our currency is actually backed in ways by oil.
I've read several papers on how this works but still can't grasp it.

Either way our monetary system is a house of cards.


I agree with many here about the bailout delaying the inevitable demise
of our automakers.


I hate to say this but the way we spend our money is more important
than our vote.

Writing and calling your Congressman and Senators, and asking your
friends to do the same, as HorseJody said in the beginning of this thread,
is also stronger than anyone's vote.


My last thought is something I'm repeating. I hate and am against the
idea of nationalized healthcare because I feel it will decrease the level
of care, possibly increase costs, and am philisophically against the
government getting larger or interfering in the free market.
In the case of the automakers, if the gov or Fed is gonna bail them out
then they should BUY them out. Throw out all management, put in
government appointed people to run them, and then split them up and
sell them off to Americans or small American companies with the vision
and brains to run them.

Oh god yes, I love the American system of health care where it can go bankrupt and lose my house. Gosh, I heard the main reason for bankruptcy in America is HEALTHCARE COSTS.

But that doesn’t matter I want more of this American dream. I cannot get enough of putting my money in the pockets of the insurance companies leaving me stuck with 10, 20 percent left to pay of medical bills in that are in the hundreds of thousands of dollars.

Hey, if I don’t like it, I can just let the cancer eat me up.

“It’s called the American Dream because you have to be asleep to believe it.” - George Carlin - June 22, 2008 - Rest in peace.

What?

 

[Trollkiller]

Quote:
Can I get some of that? What about the next guy? How many people do you think the big three support? Everyone from light bulb manufacturers to tires to office supply depend on that segment of the market.

There is a trickle down effect that would effect countless businesses and people.

This is not like some mom and pop shutting down and effecting one town or region, this would effect the whole country.

I will bet that if you guys listed off where you work, 90+% of the industries you are in would be negatively effected by a shut down.

Anybody willing to take the challenge?

 

[PurpleChicken]

Quote:
No there aren't any easy answer. Thanks for a repsonse that finally makes
sense.

 

[PurpleChicken]

Quote:
Can I get some of that? What about the next guy? How many people do you think the big three support? Everyone from light bulb manufacturers to tires to office supply depend on that segment of the market.

There is a trickle down effect that would effect countless businesses and people.

This is not like some mom and pop shutting down and effecting one town or region, this would effect the whole country.

I will bet that if you guys listed off where you work, 90+% of the industries you are in would be negatively effected by a shut down.

Anybody willing to take the challenge?

Good response. No, I'm not willing to take that challenge, assuming
I had any power of course.

I don't think the guy or gal working on the assembly line trying to make
a living has much power either.

Unfortunately it has gotten to a point that only the government has the
power to fix this or possibly just prolong the inevitable. I hate that.

The government should do for the people what the people cannot do
for themselves. Sound familiar quote junkies?

 

[Trollkiller]

Health care is EASY to fix. Simply charge EVERYBODY the same rate on procedures, medication and physician visits.

The problem is not that there is not enough insurance, but that there is too much.

Insurance pays approximately 1/3 of the self pay rate but you don't see that savings. Medical providers have to inflate the self pay rate in order to get close to market rate from the insurance companies. If they lower self pay then the insurance companies want to lower their payment.

Think about how much health care really costs you. If your premium is $400 a month you are paying $4,800 a year if you never see a doctor.

If you have a $500 deductible, you have paid the lion's share of most diagnostic procedures before the insurance company kicks in a dime.

If you have a doctor's visit and pay your $10 co pay, the insurance company is only kicking in another $20-$25 to pay for that $120 appointment. Not a bad pay out for $400 a month.

The insurance industry has completely killed any free market that the medical community had.

 

[PurpleChicken]

Quote:
I agree 100% with everything except your last statement. The
insurance companies are free market entities. I'm not saying that
to defend the insurance companies. I would be willing to support
govenrment mandates and/or proper regulation on the insurance
companies.

We are going off topic here and will get this post shut down. The
discussion here is the auto industry, not the healthcare industry.
I realize I am as guilty as anyone since I drew some comparisons
between the two, however these are two completely different subjects.