Auto Bailout.......

[Dar]

I dont want to sound like i am out for blood against unions but I am sorry they are a load of poop!

I am in canada and my uncle works for GM and he has his HIGH SCHOOL education ...thats all......please someone tell me why he is making $45 an hour to install the seats in a vehicle?...all he has to do is bolt down 8 bolts in the frame of the vehicle....his partner does the other 8...

My DH went to school for 4 years of college and is a Millwright (he fixes all these machines that make the auto parts)...he is also an Indrustral Electrician, AND..he is currently taking classes for electrical mechanical engineer...3 degrees and he is only making $35 an hour....whats wrong with this picture.....the union is what...the union says that my uncle needs to be paid more cause he has more years of service...But what about education?

In feb i will finish my PSW (personal support worker) I am solely responsible for 10 residents in a nursing home from bathing them to feeding them dressing them....why is a food service worker making $4 an hour more then me when all they do is wash dishes?...answer...the union and years of service again...

 

[Verboten]

One problem with the auto 'bailout' is that the 25 billion would not be enough to create any lasting change or buy any meaningful length of time before disaster- it would be just a temporary bandaid (how much do they lose per day?). The only way that there would even be a possibility for the industry to make substatial, meaningful changes would be to reorganize it through chapter 11 bankruptcy. The system is already in place to deal with the situation.

This would not mean that everyone who works for them would be fired or even that everyone who they owe money to would not get it. But, a court process would start that would at least have a *chance* of working.

I would not be in favor of this, but -If there was a government bailout then the money would probably be far better spent by cutting out the middle-man (big 3) who would lose most of it and just give it to their workers. Who knows where they are stashing all of those cars that they are still making anyway?

 

[mistylady]

My husband works for a coal plant and the new carbon tax that Obama wants to create will make it so that the plant will close. First the banks get bailed out, then the auto companies beg and will probably be turned down (they are cutting jobs anyway), now we are going to be seeing power plants close down .... whats left? We're running out of jobs in the USA. And Ohio is going to run out of unemployment in late December. God help us all. Please.

And people, please don't blame the unions. This economic and job loss problem wasn't created overnight. We can't really blame anyone now. Blaming doesn't solve problems. The elected officials including Obama and McCain voted for the bailout but they waited to vote for one with more pork on it than a pig farm in Arkansas. They could have voted for the first bailout and it would have been bad but not as bad as what they voted for against our wishes. We're so deep in it now. I don't know what the answer is but if the government starts running banks and every other business ... then we are not in a free market economy. Remember when AT&T had a monopoly and the government forced the breakup? When the government has a monopoly on businesses who is going to rein them in? Sorry to ramble. Finding out that your husband will likely be jobless and watching everything spiral into a big pit kinda messes up your day ....

 

[bluey]

I notice there's a lot of debate about labor unions going on, for what it's worth, I think this country has some of the weakest most pathetic unions in the industrialized world. I think we're all being robbed blind by the exectives and CEO's of these corporations and then beating up on the janitors for making too much money or having too secure a retirement.

Some of America's unions are the most powerful in the world, and hugely corrupt as well.

Auto executives shortsightedness and the union share equally in the fall of the auto industry. Auto execs chose to build as many high margin tricked out SUVs as possible in the face of an energy crisis and unions ask for pie in the sky benefits for mainly moderate skill assembly line jobs.

Both made their beds and now will lie in them. Nobody bailed out Pittsburgh when the steel industry fell. One thing about the economy is that sometimes someone else can make it better and cheaper given enough time. Industries get lazy. The blame should be shared equally.

I've always wondered why a car is the only old technology that keeps getting more expensive with time, with little to no REAL improvements except for nonsense bells and whistles that are really not needed. Our labor costs kill our chance at selling a vehicle at competitive prices.

That's why the industry is in the toilet. These companies have been under the burden of their underfunded pension promises for years. Anybody could have predicted bankruptcy for the big 3. It was only a question of when.

The govt should let them go bankrupt. Bankruptcy doesn't necessarily mean the end for these companies, but will allow them to climb out from under so many of their debt obligations.

Sure lots of auto workers will hit the streets, but last i checked lots of bank employees have hit the streets even WITH the bailouts. Believe me, a 25M bailout will not trickle down to the rank and file auto workers.​

 

[birdnutz]

I guess that fingers can be pointed all day long at who is at fault. This is a link to a 2006 report showing wage increases versus cororate profits. Lets just say the workers came off on the losing end.
http://www.cbpp.org/8-31-06inc.htm
I believe that we should bail them out with conditions on bonuses. Don't do the same mistakes made with IAG.
Why is it that everybody hates Walmart because of foreign products?

 

[Acre of Blessings]

Quote:
Amen to that!!!! Plus if they (feds) would just send each household a $100,000 check for ust o pay our bills, we would be albe then to buy that $50,000 car

 

[spatcher]

Lets see...25 billion divided by 3... hmmmmmm should be enough for the Big 3 CEO's to split, doncha think?

 

[pips&peeps]

Where's my bailout????? I spent too much money on chicken food this year, I think the government should give me some money so I can continue to employee the girl down the road to clean my coops.

It's not my fault that gas went up so high and the cost of grains went up too. I shouldn't have to cut back because of all that stuff. I deserve a bailout..............

WAH WAH

 

[birdnutz]

Quote:
LOL, is that before or after the spa vacation? Then you have to figure in some takeovers. Nope probably not enough. Better throw some more at them.

 

[texaschickmama]

HMMMMMMMMMMMM, let's see:
1. Outsource jobs to other countries and put Americans out of work.
2. Raise prices so high on gas guzzling machines no one can afford to buy them.
3. Run company into ground.
4. Get the same Americans that they laid off to pay for their poor management and ridiculous salaries.
5. Expect the government to BAIL THEM OUT, in other words taxpayers and generations to come.

SCREW THAT!!!! ABSOLUTELY ABSURD. I CAN'T EVEN WRAP MY HEAD AROUND THIS ONE.