Auto maker bail out

[eight]

Originally Posted by cterrebonne

that could not have been said any better than with a picture. i wonder why the congressmen are pushing for a bail out instead of a corprate restructure in bankruptcy courts, etc. i think i know the answer.

Is it that the dems are supposed to be "pro-labor" and that the bankruptcy/restructure would be an end to the UAW and perhaps the beginning of profitability in American cars?

[Pipe_Dream]

Originally Posted by eight

Is it that the dems are supposed to be "pro-labor" and that the bankruptcy/restructure would be an end to the UAW and perhaps the beginning of profitability in American cars?

Definitely the relationship is a factor - one of several. Another is lawmakers' lust for power. They would like to be "in control" of one of our major industries and have the Big Three beholden to them. And at no cost to them, because remember it's the taxpayers footing the bill. And lawmakers want to be able to dictate what sort of automobiles the Big Three will produce (green), which will have to be sold at a loss because consumers aren't really keen on them at the moment with relatively cheap gas prices, which will push the Big Three into even poorer financial condition. They can't run the country, they sure as hell can't oversee Fannie Mae and Freddie Mac, so what makes them feel they're qualified to oversee the auto industry? The audacity of it all.

[C YENSEN]

well lets see how many of you I upset with this one......


THE UAW (union) is to blame. They are making $30 an hour, and it costs the companies $69 an hour when you factor in health care and retirement.....tooo much money......

[cterrebonne]

Originally Posted by C YENSEN

well lets see how many of you I upset with this one......


THE UAW (union) is to blame. They are making $30 an hour, and it costs the companies $69 an hour when you factor in health care and retirement.....tooo much money......

thats exactaly what im talking about. mechanics do not make that much money and they have to diagnose/take apart/reinstall. two more steps that the workers on the line. and for 2/3's less pay.

[Skools Out]

I say the big 3 are getting what they deserve. lets go back and remember something. The big 3 and the Gov. squeezed out and shut down the following. Tucker, Pierce Arrow, Studebaker, Packard, and Hudson. There's others but these are ones better known. Especially what they did to Tucker.

[C YENSEN]

Originally Posted by Skools Out

I say the big 3 are getting what they deserve. lets go back and remember something. The big 3 and the Gov. squeezed out and shut down the following. Tucker, Pierce Arrow, Studebaker, Packard, and Hudson. There's others but these are ones better known. Especially what they did to Tucker.

Good Point

[THEFERMANATOR]

Originally Posted by Skools Out

I say the big 3 are getting what they deserve. lets go back and remember something. The big 3 and the Gov. squeezed out and shut down the following. Tucker, Pierce Arrow, Studebaker, Packard, and Hudson. There's others but these are ones better known. Especially what they did to Tucker.

Not to mention all of the companies that the big 3 squashed before anybody could have ever heard of em. They came to be called the big 3 for a reason, they had a monopoly on the market for a long time. And I agree with the statement about the unions, they had a valueable purpose at one time, now they're just part of the problem. Why should a worker on an assembly line make $30-$60 an hour just to push a button or run some screws in? The guys in the field get paid ALOT less(believe me I know, I used to work at a dealership) to fix THERE FUC@UPS! PDI's could be a real PITA sometimes because the people building these cars just don't care. They sat around for years saying the import craze wouldn't last, well it did last because they built a better product. By the time the big 3 caught up in quality, well what were seeing now is evidence of what happened.

[Mac_Attack]

Ferm I know now why you supported McCain! No one or no company is perfect. The Big 3 went before congress and presented a plan for what ended up being a 14B dollar LOAN. Wall street got, so far, 350 billion dollars with no plan and no strings attached. To me it don't seem right. As far as the wages the UAW have made cuts, the guys on the line now make $14-15/ hour. The legacy costs are there because they have been building cars for much longer that the foreign car makers in the south. Its not over yet. There will be a loan. If not we are all in for a rude awakening. Billy Mac