Bail Out Auto Industry?

their fault. piss on 'em. nobody will bail me out if i *uck up my finances.

 

If Toyota can run a successful company why can't GM, Ford, and Chrysler?

 

I see a lot of hate here on unions.

 

The whole purpose behind this is to break unions, lets bail out the guys who scammed billions out of us citizens over mortages and investments but lets not help detroit, im sorry but thats just wrong. If the auto industry fails there will be 3 million jobs lost from top to bottom. All unions may not be good but they serve a purpose they keep a level playing field for both sides break them and see what happens talk about slave labor. Everyone forgets this they dont know or had to suffer during union developments .. The problem unions dont fit into slave labor world economies, that whats this is all about, the union is what brought better livings for familys for generations, wipe it out and wipe out your pay.

 

The big 3 carry years of pensions and benifits not offered or seen by toyota or honda this drowns you , pensions are based on investment portfolios, no profit the funds drain, half of all pensions programs are being watched by the federal government because there are paying out more then they are taking in at this point. They are gov. Guaranteed when they dip below a certain level they are monitored. How many people will loose the retirement if they fold, just think about it.

 

The CEOs of the Big Three automakers reportedly flew private luxury jets to Washington to plead for a $25 billion taxpayer bailout to save their debt-ridden industry — ringing up tens of thousands in charges even as they cried poverty.

 

I don't hear laborers working for Toyota, Nissan, VW, Subaru, and Honda right here in the US at non-labor plants complaining about not making enough money. in fact the UAW have tried hard to force these plants to unionize, and the workers have voted No......smart. The bottom line is the UAW is so entrenched that abolishing it would prove to be a futile act. Most Unions including the UAW have outlived their usefulness. Maybe during the birth of the industrial age when thier were no government mandated work hours or minimum wage, but we are well beyond that. The UAW need to compromise or as you said, 3 million people might all be looking for jobs in a down economy, and that's something the Unions cannot save their members from. They'll all turn around to see all the union dues they pay have amounted to nothing when the head company is bankrupt. Few unions have a use, a couple that come to mind are unions for police a firemen, and that's just to protect policement and firement during allegations of misconduct.

On a side note, The Big 3 have been shipping operations down to Mexico and up to Canada where they are not held hostage to the wishes and demands of the UAW.

 

They have us over a barrel, if we don't the country could really take a header, but on the other hand as others have said, nobody bailed us out when we F'ed up. BOHICA !

 

Sounds like the 700 billion dollar bailout, we must have forgot aigs outrageous vacations on us of recent.

 

Believe me i am not pro union , i am pro reality, if you believe for a second that wages wont drop over time you wait and see. if unions get broken i want to stand in line to tell you i told you so.

 

+1. You don't hear about the concessions workers made to these companies for years in order for the companies to remain "competitive".

Is it selfish for people to want to have a pension, healthcare and make a decent living? Unions make this possible, especially for those who can't afford to go to school. Some trades' journeymen make more an hour than people with college educations.

 

Really, I thought wages were based on demand for labor. For instance why do certain McDonalds pay someone to work at $8/hr when they can pay them minimum wage? No unions at Mickey D's Could it be because they are trying to entice people to come work for them possibly because they are a successful enterprise making a profit, and they can't get/keep enough labor? My wife works for L-3 COM and is paid rather well without the need for a Union. If unions were so imperative for wages we en joy in a free market system, why are the imports built here in the US able to keep labor without the existence of a Union? I don't see the need for a union. Maybe you can ellaborate further on your assertion that the failings of unions would plumet our current wages?

 

On a government construction job, you have what is called prevailing wages. A specification that dictates what each trades workers are paid. It is based on union wage rates. Any company, union or non-union, who wins a contract on a particular gov't job is paid and pays prevailing wages. Bill the tinknocker who works in an open shop, who makes 11.35 an hour, provides all his own hand and power tools and doesn't get paid overtime for the 12 hours he works a day, only straight time, is sent to a prevailing wage job. Now he's making 29.00 an hour, just needs his hand tools, and after 8, Bill gets overtime for those last 4 hours.

 

I don't see why we should help these people out. They made bad business decisions and now they have to pay for them. Did Delta Airlines go crying to big brother for money when they sucked??? No! They filed for bankruptcy and started over. If we keep handing out money to people that have no clue how to spend there money now then nothing will change. Look at all the car companys that have tried their luck and failed. It just seems to me that it is time for the Big 3 to fall.

 

The thing I don't like about unions is it's one more thing coming out of your paycheck along with SS, taxes, etc. And for what? If the union leaders feel they want more money they tell you to go on strike. That means you go without pay until the strike ends. Do the unions pay your salary while on strike? Do they pay lost wages when the strike ends? Or do union workers have to save money to live off of for a few months "in case" there's a strike?

I don't know the answers to those, but I don't want anyone telling me to stop working when I have a family to support. And assuming a pay increase actually comes out of the strike do the union dues increase as well and thus negate the raise?

 

Big FAT NO!

I realize this is bad for everyone but let the people that got them into the mess get them the hell out.

You don't see the executives taking a hit. Let them take a wage and bonus cut.

If GM goes down the tubes,,, well then so be it. I don't wanna see one red cent of my tax dollars spent on this.

We shouldn't have bailed out the stock market either!

 

Didn't Ford post a profit in the last quarter?
The people who bought Chrysler, all the brains in the bunch and they didn't see that the company was going south? The deal was made 'cause 7 people made millions of dollars off the sale?
GM wants to be number 1 so badly it will do anything to achieve it?

 

If these are supposed to be "government loans" than what is the percentage on these loans? I would hate to see the interest rate on a 25 billion dollar loan...

 

chapter 11
New Leadership...
Protect jobs and restructure.