Comments on: GM: Bankruptcy Not A Viable Option
Board Of Directors Feels Chapter 11 Would Not Address Fundamental Issues Facing Automaker, Says Spokesman
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- GM: Bankruptcy Not A Viable Option
It seems to me that is their ONLY option. We taxpayers are all finished with bailing out poorly run corporations. We should not have bailed out AIG or any of those banks either. Let them get their shi.t together or let the business fail.
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Posted by renonv5 at 01:49 PM : Nov 23, 2008
It gets worse!!!
Even their union managers are making demands. "United Auto Workers president Ron Gettelfinger said Saturday that workers will not make any more concessions"
Seems management and union agree.
Its hard to believe, the companies are dying, foreign competition is about to kill them by building the same product in the same country, and they wont make any more concessions to help themselves.
It doesnt matter whether you are union or management, our country does not owe you a bailout if you cant help with the machinery.
http://www.canadaeast.com/rss/article/482149 - Reply to this comment
- GM: Bankruptcy Not A Viable Option
It seems to me that is their ONLY option. We taxpayers are all finished with bailing out poorly run corporations. We should not have bailed out AIG or any of those banks either. Let them get their shi.t together or let the business fail. - Reply to this comment
- RE : machineguy
We all understand Your Loyality to
Criminal Corporate NAZI Fascist America
...
We Understand You Perfectly
Your only Purpose in Life - TO DESTROY
The ECONOMIC INFRASTRUCTURE of The United States
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Posted by lastdance134 at 01:33 PM : Nov 23, 2008
Good to see you here lapdance. Your harsh words and accusations seem almost s e x y. Hope tips are good for you today.
After you get off, let me know and we can discuss some things about the world outside your stage. - Reply to this comment
- RE : machineguy
We all understand Your Loyality to
Criminal Corporate NAZI Fascist America
Your Attempt to : Discourage other Workers from trying to
Achieve The Real Decent wage package -
They have Already Earned and Already Deserve
We Understand You Perfectly
Your only Purpose in Life - TO DESTROY
The ECONOMIC INFRASTRUCTURE of The United States
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Posted by lastdance134 at 01:33 PM : Nov 23, 2008
Good to see you here lapdance. Your harsh words and accusations seem almost ***. Hope tips are good for you today.
After you get off, let me know and we can discuss some things about the world outside your stage. - Reply to this comment
- LOOK AT THE UAW WEBSITE AND READ THE UNION CONTRACTS WITH GM AND TELL ME WHY THEY CAN''''T MAKE IT.
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Posted by ROYSTOLL2 at 11:17 AM : Nov 23, 2008
OK, some numbers:
From the UAW: there are 302,000 members
From the UAW: in 2002 wages were 24.58 per hour PLUS benefits (estimated to be $28.00 in 2007 but cant be verified by me).
Simple Math: 2000 hours in one year at 24.58 is $49,000 per member
More simple math: 302,000 workers at $49,000 per year is $14.8 Billion per year PLUS benefits (including health care), PLUS overtime,
From the Wall Street Journal: Total vehicles manufactured by the Big 3 in 2007 is 6 Million
Simple math: it costs $14.8 Billion UAW labor to build 6 Million vehicles or $2500 per vehicle NOT COUNTING BENEFITS!!
Benefits for the UAW add another 50% to as much as 80% to this cost depending on overtime, health care, and seniority perks.
So, it costs between $2500 without benefits and likely $4500 with benefits and OT to pay for the UAW labor in that new car you are thinking about.
In addition, there is the suppliers costs, shipping, and management costs.
How much do you think it should cost to put a car together using production line tools? How much should they pay the owners of the factory to use those tools? - Reply to this comment
- Unions use to serve a purpose now they only serve their own best interest. It is time to Bust them and start aknew. do Not Bail out the big Three... Let them file chapter 11 and allow them to restructure, kill all contracts and start over. Yes Jobs will be lost but a leaner and more viable company will emerge and thaqts a good thing.
Break them and do it now! Call your congressman and do not allow them to Bail out the bIG tHREE!!!!!!! - Reply to this comment
- Lending to GM,Ford & Chrysler is equivalent to sticking our proverbial head in the sand. These companies WILL FAIL, and for largely the reasons many companies fail. Failure to engender and maintain their customer''s loyalty.
The US has already surrendered its premier role in manufacturing to the third world for many years.
These three dinosaurs come to us from another age of American prosperity. IT''S OVER!
Time to let them sink or swim on their own.
This is the beginning of the end of American Global Inluence and no Congressional Affirative Action, no matter how well intentioned it may be, will put the toothpaste back in the tube.
TIME FOR A REALITY CHECK! - Reply to this comment
- File Bankruptcy, kill the UAW.
Sounds like a plan. - Reply to this comment
- I had a Buick Century shut off on me while i was driving down the freeway. My uncle fixed it but that''s the first time I ever had a car stall while riding down the road. I knew a guy that got a job working at ford as a service writer. He had 5 kids and a wife. Seems like every service writer they get has a lot of children. He got paid to find stuff wrong with your car when you came in. at first he did his job right and looked out for the customer, but he only got 10% commission. After a few months he could find all kinds of things on your car that need to be replaced.
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- If I buy a import I can get 10 good years out of it before anything major starts to happen and even at that replacing a 10 year old starter or alternator is minor. My 95 Honda accord was 6 years old when i bought it used for $6000. It served me for 6 years before the fuel pump failed whereas my 94 Saturn, at 6 years, only served me for 4 months. I paid 4000 dollars for it and had to replace the engine in that time frame and it still didn''t work right.
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- Most UAW, union, people should be working for minimum wage, if that.
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- My dad is a ford man and he had to replace every transmission in every mustang he kept for more than 3 years. Then he got smart and trades his every 2-3 years. He still got a thing for those mustangs that can never be replaced. I passed a used car lot and saw a jeep grand Cherokee for 4000 dollars same year of the one I paid 15,000 dollars for. The solenoids went out in the transmission and I almost got suckered into a 4000 dollar transmission replacement. The air conditioner failed the water pump failed and the air condition stopped working after I paid 1000 dollars to have it fix. I got rid of the jeep and bought another Honda this time brand new. One day I saw a used Honda accord for 4500. It was The Same model as my 95 accord. Amazing how that Honda is still holding value when American cars can be had for dirt cheap. My best guess is that The Big 3 car companies are trying to keep junk yards in business.
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- YOU LOST the election, NOW GET USED TO IT. You are going to languish in the wilderness for at least 20 years.
No we are going to languish in the OBAMA OSAMA wilderness, and when we come out we will have nothing. Idiots can not do any good. If things go right, he will be done in 4 years. Maybe sooner. - Reply to this comment
- Quit ******** about unions!!! Without unions you will all be working for minimum wage, no vacation pay, no holiday pay, no sick leave and no health insurance. Even if you don''t belong to a union you benefit from them because without them we''d be back to slave labor as it was before they existed. So America what are we going to do??
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- Republicans, I did not know all of them where Republicans, are you sure? Are do you just need some one to blame? No matter, NO BAILOUT for the SCUM.
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- I am having a hard time with the auto bailout. I can''t decide if it is right or wrong, good or bad,or the right answer because there are so many things connected with it. The worst being all the people who will lose their jobs and all the suppliers who will have to lay people off or go under themselves. A lot of these blogs have said American cars are junk and too expensive, I beg to differ with you. Have any of you priced a Toyota Sienna, Highlander, Rav or Avalon lately??? The van costs more than most American vans, the Suv costs more than most American suvs and the Avalon costs just as much as our Park Avenue did. You do have to compare apples to apples which I have done. You people also have to remember Americans have "love" affairs with their cars. They LOVE big and fast (with lots of power) so don''t just blame the car manufacturers. The average person does not want a "little" car for their main family car, they want a mini-van or suv. And how many people own big trucks?? You can''t have it both ways, big=less gas mileage and more $s to purchase. We had a toyota truck once, it literally rusted away and eventually broke in half, and it wasn''t even ten years old. We have always driven our vehicles for 10 years, all american made, except that one truck. My point is I don''t think American cars are JUNK. con''t
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- They come with tin cups to congress and on bended knee ask for a bailout!!
This is the same group of corporate Republicans who, during the last 8 years, screamed NO! NO! when asked to vote for help to single moms with no income or the elderly for prescription medicines.
NO WAY! no bailout please. Let them go under. - Reply to this comment
- Perhaps the painful truth is there no saving GM...we should let it die quickly and with a bang...then perhaps others will learn from GM''s example of bad management, weak-do-nothing board of directors, and poor union leadership!
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- Wow...you must live under a rock. CNN, CBS, MSNBC, et al are extremely left winged. Take off yer rainbow colored glasses and see things the way they really are. ----Posted by ffoulkes at 09:42 AM : Nov 23, 2008
Yeah right! And FoxNews is a liberal network with all its sham reporting. Way to go. Ha! Ha! Nice joke.
Give up your diatribes and face it, you right wing nuts had 8 years and you blew it, destroyed the country''s legacy/history/constitution and bankrupted everyone in it.
YOU LOST the election, NOW GET USED TO IT. You are going to languish in the wilderness for at least 20 years. - Reply to this comment
- This topic isn''''t worth the energy it takes to light up my LCD display.
Posted by HETUP at 10:04 AM : Nov 23, 2008
Then why are you here?
Oh, I get it. That post was on the whiteboard at the paid shill emergency meeting this morning.
Wasn''t it. - Reply to this comment
