Comments on: Ford, GM Report Massive Losses
GM Loses $2.5B, Ford Loses $129M In 3Q; Both Automakers Announce Major Job Cuts, Cash Burns
Add a Comment See all 92 Comments
- Posted by mbourn2 at 02:24 PM : Nov 07, 2008
I am very happy that the top 50% of earners pay over 97% of the taxes.
Nobody said Health Care is FREE anywhere in the world.
Either our Private Corporations pay for it for the employees or the Government pays for it thru Revenues (taxes).
The FACT is that for the past 30 years our Free Market (PROFIT) based Health Care system is pricing itself out of the market while other countries do not have this problem.
America must make that critical decision whether they want their Employers or the Government via UNIVERSAL HEALTH CARE to pay for Health Care.
USA is the ONLY COUNTRY IN THE WORLD with Free Market (PROFIT) Private based Health Care and its failing for all of us big time.
I WANT UNIVERSAL HEALTH CARE! - Reply to this comment
- Foreign car manufacturers do not pay Health Care Costs which average about $1500.00 per car wholesale sticker here in America because foreign countries have UNIVERSAL HEALTH CARE.
Do you like our Free Market (PROFIT) Health Care industry?
Posted by lovegetpeace at 02:20 PM : Nov 07, 2008
We''re talking about foreign plants HERE, Professor. The vast majority of Honda & Toyota cars sold in the U.S. are made in the U.S. - Reply to this comment
- Posted by mbourn2 at 02:24 PM : Nov 07, 2008
I am very happy that the top 50% of earners pay just over 97% of the taxes.
Health Care is NOT FREE anywhere in the world.
Either our Private Corporations pay for it for the employees or the Government pays for it thru Revenues (taxes).
The FACT for the past 30 years is that our Free Market (PROFIT) based Health Care system is pricing itself out of the market while other countries do not have this problem.
America must make that critical decision whether they want private enterprise to pay for health car of the government via UNIVERSAL HEALTH CARE. - Reply to this comment
- Posted by easeup at 02:02 PM : Nov 07, 2008
Foreign car manufacturers do not pay Health Care Costs which average about $1500.00 per car wholesale sticker here in America because foreign countries have UNIVERSAL HEALTH CARE.
Do you like our Free Market (PROFIT) Health Care industry?
--------------
Who do you think pays the taxes that pay for the UNIVERSAL HEALTH CARE? Don''t forget that the top 50% of earners pay just over 97% of the taxes. - Reply to this comment
- Posted by easeup at 02:02 PM : Nov 07, 2008
Foreign car manufacturers do not pay Health Care Costs which average about $1500.00 per car wholesale sticker here in America because foreign countries have UNIVERSAL HEALTH CARE.
Our Free Market (PROFIT) Health Care system is a joke around the world. It prices itself out of it own market every year. - Reply to this comment
- Posted by easeup at 02:02 PM : Nov 07, 2008
Foreign car manufacturers do not pay Health Care Costs which average about $1500.00 per car wholesale sticker here in America because foreign countries have UNIVERSAL HEALTH CARE.
Do you like our Free Market (PROFIT) Health Care industry? - Reply to this comment
- Michigan has one of the worst economies in the country at the moment. What do you think the the UAW would say of American auto makers in Detroit tried to cut waiges from $81 an hour down to the $35 an hour that Toyota pays? My guess is that it would not go over all that well. The UAW has done a heck of a job for its members.... They have just about priced themselves out of existance.
- Reply to this comment
- Not to worry they will get there bailout to at the exspence of your labor. Let them fail any company that props it self up at tax payers sweat should be ignored.
But the voters of this country are welfare or warfare minded. Welcomed to the age of Nazi America
Posted by WarDogLRS at 02:16 PM : Nov 07, 2008
What about the thousands of suppliers employing millions of people? Are they worth bailing out? - Reply to this comment
- i could write horror stories about detroit auto makers. arrogant in the 60''s and 70''s. didn''t react to the clear signals of the oil crisis which may be fatal. no cooperation between unions and company. read halberstam''s the reckoning. if we bail these fools out, we may as well just throw our money into a fire. businessmen, ha. these guys have abused the buying public for 70 years and they refused to react to foreign competition.
- Reply to this comment
- Not to worry they will get there bailout to at the exspence of your labor. Let them fail any company that props it self up at tax payers sweat should be ignored.
But the voters of this country are welfare or warfare minded. Welcomed to the age of Nazi America - Reply to this comment
- Posted by antoniof123 at 02:05 PM : Nov 07, 2008
Did you READ your own cut/paste? Toyota is NON-UNION.
sheesh - Reply to this comment
- Really??
According a Wall Street Journal article reprinted in the Star-Telegram, "on average, GM pays $81.18 an hour in wages and benefits to U.S. hourly workers, including pension and retiree medical costs."
... According to that same article, "Harbour Consulting President Ron Harbour estimates Toyota''s total hourly U.S. labor costs, with benefits, at about $35 an hour." That''s right, GM''s average labor costs are 130% higher than that of the US operations of its Japanese rival. That translates into a $1,000/vehicle average labor-cost advantage enjoyed by Toyota. - Reply to this comment
- One other thing about Toyota and its wages this is how much a worker makes at a KY plant for toytoa.
Now, Brown makes $70,000 a year -- more than twice the average manufacturing wage in the area.
In case you want to see why unions have such a hard time with Toyota here is the address.
http://www.npr.org/templates/story/story.php?storyId=5062797 - Reply to this comment
- That is not true. Toyota, Honda, and Nissan all deal with the same unions. It is the culture of GM and Ford to try to distroy unions and suppliers. They are failed management at its worst. They will cry like babies to the American people and we will guess what get to save them like the banks. All the while the rich will be getting their bonuses and the little guy will be getting the shaft.
We need to break them up to tiny little companies so that if they fail too bad.
Posted by antoniof123 at 01:58 PM : Nov 07, 2008
Honda & Toyota are NOT unionized, hence the $1,200 less they have in costs per car.
Why do you make things up? - Reply to this comment
- No doubt about it. There were some REALLY poor business decisions. That is what happens when union contracts prevent a company from adapting to changing markets. But not to worry, Obama is going to save us all.
Posted by mbourn2 at 01:51 PM : Nov 07, 2008
That is not true. Toyota, Honda, and Nissan all deal with the same unions. It is the culture of GM and Ford to try to distroy unions and suppliers. They are failed management at its worst. They will cry like babies to the American people and we will guess what get to save them like the banks. All the while the rich will be getting their bonuses and the little guy will be getting the shaft.
We need to break them up to tiny little companies so that if they fail too bad. - Reply to this comment
- i own a 2006 honda accord and a 2007 nissan titan
- Reply to this comment
- Hey its poor business decisions that got them where they are today. The corporate evil needs to pay more because they get more.
-------------
No doubt about it. There were some REALLY poor business decisions. That is what happens when union contracts prevent a company from adapting to changing markets. But not to worry, Obama is going to save us all. - Reply to this comment
- The sticker says 18 miles to the gallon, when actually the vehicle gets 13 miles. You drive it for 3 years and then it starts falling apart the resale value sucks. That%u2019s because it wasn%u2019t worth much when they sold it to you. General Motors need to go under and the car company that takes its place will be better equipped at auto making. Ford might make it and I see Chrysler is starting to change their way of thinking. With all the marketing and research they still can%u2019t make a good product that is plagued with factory recalls. They take advantage of lucrative government contracts which mean that the American people are still footing the bill. Now they are looking for the government to hand them a bunch of money. Which I think is a really bad idea just like bailing out those banks.
- Reply to this comment
- No problem....Socialism is coming to the rescue.
Just memorize the true Definition of Capitalism for the past 240 years:
Privatize Profit and Socialize Losses.
This means you do not need CEOs, CFOs, CIOs, etc.. with professional degrees from Top Ivy Universities. A 6th grader can run any Corporation. If the Corporation fails due to a mistake/bad decision ..........Socialism is there to bail them out. - Reply to this comment
- No problem....Socialism is coming to the rescue.
Just memorize the true Definition of Capitalism for the past 240 years:
Privatize Profit and Socialize Losses. - Reply to this comment
