Bail Out Auto Industry?

As I said before the bail out will not fix anything. It didn't fix Chrysler. When people don't have to account for their actions, nothing will change. Would you religiously do the speed limit if there were no police to give you a ticket? Point being if you can get away with something you will do it. unless you actually have strong ethical behavior. Obviously the big three don't if they are spending 20k to fly their personal Jets to beg for money

I actually have found out that the average pay for a Big 3 employee is 70K (does not include benefits) the average pay for the Toyota or Honda US employee is 40-45K and they are happy to have a job and aren't unionized.

 

Why? The company I work for is HUGE and is successfully showing profit. We don't have unions and everyone is happy.

 

Nice but you know well that very few companies have adopted your company's operating philosophy-and that is sad.

 

Yes it is!

 

Well, I just finished visiting all my State's Congressional Websites filling out their webforms saying no to supporting the bailout. Never tried that before and it was pretty easy to do with cut and paste

 

no no more money out of my pocket for there damn errors

 

Bailouts are just the grown-up version of removing failing grades in school. Little Johnny doesn't deserve an F because all human beings have value and need boosts to their self esteem. If we all just hugged little Johnny instead of telling him he's wrong and letting him fail, he'd be more responsible. As a result, all the other potential Johnnys see that there is no consequence for failure so they do the same things little Johnny does and reap the same benefits. However if you flunked Johnny repeatedly and he had to remediate or go to summer school to make up for his failure, the other potential Johnnys' would probably get their act together or risk being held back or sent to summer school as well. They'd realize that an 18-year-old still stuck in 9th grade was a loser who's behavior should not be condoned nor should he be coddled; his behavior should be avoided.

 

I don't know about this one. Part of me says yes because of poor business practices by GM, Ford, Chrysler, UAW and where do we draw the line for bailing out companies . . . this will set a precident. The other part of me says we'll have 3 million people or more on the unemployment line due to the big 3 going under not to mention the first, second, third tier suppliers. Which means 3 million less paychecks to tax and then everybody that is employed is going to have to pay more tax. I didn't vote because I'm on the fence about this one. I'm sure we'll be paying more tax no matter what happens.

 

That 3 million job loses is a bunch of BS! you cannot tell me that the paper company (for example (invoices/paychecks/etc) supplying one of the big 3 is going to go out of business because of the collapse. That's just rediculous! they will put bids into other companies and if they need to they will lowball it to get the work. Also, we aren't talking the 3 will go under, they should file chapter 11 and restructure. That doesn't mean everyone looses their job, some will but it's better than everyone. Sure it will impact all their suppliers but they also have other accounts that can help them get through the troubled times.

P.S. ph16drive... this isn't directed to you but more of a reaction to the twisted media. they publish doomsday outcomes rather than reality.

 

The ripple effect is like throwing a big boulder into the economic pond.

MARK ZANDI,
chief economist for Moody's Economy.com, arguing that the economy is too fragile to absorb a fallout if the U.S. auto industry is permitted to fail

 

Just heard that the CEO of Toyota (usa division) makes 1 million in comparison to 6-12 million the us automakers make

 

Where did u hear that?? Im not suprised! He prolly flys JET BLUE too

 

It was on (I think) Goodmorning America. One of those NewYork morning tv shows

 

i mentioned the 5 day work week and decent pay because i was making a point that the unions at one point did serve a purpose and i'm glad they were formed, but they have outlived their usefullness and it's time to do away with them. The south may have a few unions but this is not a union run region and we have good working wages and benefits down here. doing away with unions wouldn't change the workforce negatively like you say. livable wages and benifits and ethical treatment and all that shit has already been established. they aren't going anywhere. unions aren't keeping those things around they are just a drain on the companies.

 

That's exactly what the North American consumer did to the Big 3.

 

Exactly! People come to expect 5 day work weeks, vacation time, sick time, paid holidays, etc. If they don't get that, then they find another job that does. Employers have to offer things like that to entice employees. Especially if they can't pay outrageously high salaries. In fact, many job searches/coaches/recruiters recommend checking out benefits packages when considering a job to see if a lower paying job is better than a higher paying one based on benefits other that straight hourly wage/yearly salary.

In fact, I just changed jobs 2 months ago because I was offered one with a $4/hr increase, training programs, closer to home, better hours, and most importantly more of a future! (Three man company to a global IT outsource company - Computer Science Corporation.) Didn't take a union to get me better wages and benefits. No, I was smart enough on my own to keep an eye on the market, have resumes on numerous job boards and staffing firms, and made the switch myself when a better offer came around.

In this day and age with all the job posts online it's stupid to not keep an eye out for a better job. Even if it's only to see what other companies pay similar positions so you can negotiate a raise from your current company.

Also, Wal-Mart is non-union. They are the biggest corporation in the world now. Granted their employees may not get paid the best, but they get 401k matching, sick time, vacation time, and the company pays for health insurance now I believe (in lieu of the yearly bonuses they used to do). And at the same time they keep prices low so people can afford to shop there and other retail companies were forced to become more efficient to compete.

 

It's a tough call, I work in a union company, but I am not union. On one hand I agree that the unions have paved a way for the rest of us, providing balance against the bully's of the corporate world. BUT they really don't do much at the company I work at except take 52 dollars a week from my friends. The BA lose 88% of the grievances, and seem to be taking the company's side when contracts are renewed.

 

Since the Big 3 insisted on making gas guzzlers thereby driving the demand for gas go through the roof thus making Big Oil rich, I think it would be appropriate for the Big 3 to go to the Oil Companies for the bail out.

I am totally against an all out bail out. These mismanaged companies need a helping hand, I agree but they need some serious restructuring first. The current Big 3 management and the UAW must be sent to Africa to solve the hunger, famine and poverty ridden continent.

 

I love this quote. Hahaha

Until they show us the plan, we cannot show them the money.

NANCY PELOSI,
Speaker of the House, noting that Democrats won't consider an auto-industry bailout until companies produce a plan for rebuilding their industry

 

A bunch of political hacks who've probably never run a business in their lives and have probably never even seen a business plan are going to judge whether a recovery plan is viable? These are the same people who passed the Patriot Act without reading it.