Enough Already with the Bail Outs!! Seriously!
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It really might as well equal that. Force unreasonable wages, take more money from those paychecks, and defend unqualified workers even though they lack a work ethic or motivation.
Unions make no sense in todays American workforce. None.
.... ****, did I just agree with Paul??? :head asspload:
Unions make no sense in todays American workforce. None.
.... ****, did I just agree with Paul??? :head asspload:
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Wonder how long unions will be a big part of jobs in the US.
This could be one benefit to having the big companies get "bailed out." The government won't put up with their BS.
This could be one benefit to having the big companies get "bailed out." The government won't put up with their BS.
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got this in an e-mail sent to GM suppliers and affiliates
Because our futures are linked, I want you to know that General Motors is doing everything possible to deal with the impact the financial crisis is having on the domestic auto industry. Yet despite our successful efforts to restructure, reduce costs and enhance liquidity, we are facing an uphill battle with the current administration and Congress in securing a bridge loan.
That's why we need your help now. Simply put, we need you to join us to let Congress know that a bridge loan to help U.S. automakers also helps strengthen the U.S. economy and preserve millions of American jobs.
Despite what you may be hearing, we are not asking Congress for a bailout but rather a loan that will be repaid.
The consequences of the domestic auto industry collapsing would far exceed the $25 billion loan needed to bridge the current crisis. According to a recent study by the Center for Automotive Research:
• One in 10 American jobs depends on U.S. automakers
• Nearly 3 million jobs are at immediate risk
• U.S. personal income could be reduced by $150 billion
• The tax revenue lost over 3 years would be more than $156 billion
Discussions are now underway in Washington, D.C., concerning loans to support U.S. carmakers. I am asking you to support this vital effort by contacting your representatives.
Please take a few minutes to call your representatives by dialing 1-866-471-5332. Just state your name and address, and your message will reach your legislators. You can review a script that will help you state your support at www.gmfactsandfiction.com. Under the "Mobilize Now" section, click on "I'm a Supplier." If you would rather e-mail your representatives, use the link "I'm a Concerned American."
Please share this information with friends and family using the link on the site.
Thank you for helping keep our economy viable.
Sincerely,
Troy Clarke
That's why we need your help now. Simply put, we need you to join us to let Congress know that a bridge loan to help U.S. automakers also helps strengthen the U.S. economy and preserve millions of American jobs.
Despite what you may be hearing, we are not asking Congress for a bailout but rather a loan that will be repaid.
The consequences of the domestic auto industry collapsing would far exceed the $25 billion loan needed to bridge the current crisis. According to a recent study by the Center for Automotive Research:
• One in 10 American jobs depends on U.S. automakers
• Nearly 3 million jobs are at immediate risk
• U.S. personal income could be reduced by $150 billion
• The tax revenue lost over 3 years would be more than $156 billion
Discussions are now underway in Washington, D.C., concerning loans to support U.S. carmakers. I am asking you to support this vital effort by contacting your representatives.
Please take a few minutes to call your representatives by dialing 1-866-471-5332. Just state your name and address, and your message will reach your legislators. You can review a script that will help you state your support at www.gmfactsandfiction.com. Under the "Mobilize Now" section, click on "I'm a Supplier." If you would rather e-mail your representatives, use the link "I'm a Concerned American."
Please share this information with friends and family using the link on the site.
Thank you for helping keep our economy viable.
Sincerely,
Troy Clarke
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Thanks for sharing! I hope you did not violate any legal bs by posting this...Now onto the juicy stuff...
1) A loan? You gotta be kiddin'...Where is the government going to get that money to give them in the first place even if it is a loan [btw this is a rhetorical question]? How are they planning on repaying this loan when they are still losing 2 billion a month and the full effect of their cost cutting measures are still 1 or 2 years away? Somehow I do not see a refund check coming from GM in the near future for use of my tax payer dollars.
2) I hate that study. Here is a great NY Times article that describes just how over exaggerated, over reaching and misleading those numbers are. It does not help that the study was not exactly conducted by an independent agency [hint it was industry commissioned and paid for]. Here are good excerpts.
"The study concludes that “new vehicle production sales, and other jobs related to the use of automobiles are responsible for one out of every 10 jobs in the U.S economy.” The term “responsible for” is interpreted quite broadly and covers jobs in steel, glass and electronics as well as those in taxi-driving, travel and advertising companies, among others....
.....First, the study uses data from 1998 to 2001, and the industry has changed significantly since then. Employment in the motor vehicles and parts-manufacturing sector has fallen, for example.
Second, the auto-related jobs covered in the report include more than those dependent on the Detroit automakers; they are related to cars sold by any manufacturer in the American market."
http://www.nytimes.com/2008/11/19/bu...my/19jobs.html
3) Also, here is a good example of a similar situation that happened in Britain couple decades ago with British Leyland. I found it to be a good comparison to current GM situation.
http://www.nytimes.com/2008/11/18/bu...omy/18car.html
1) A loan? You gotta be kiddin'...Where is the government going to get that money to give them in the first place even if it is a loan [btw this is a rhetorical question]? How are they planning on repaying this loan when they are still losing 2 billion a month and the full effect of their cost cutting measures are still 1 or 2 years away? Somehow I do not see a refund check coming from GM in the near future for use of my tax payer dollars.
2) I hate that study. Here is a great NY Times article that describes just how over exaggerated, over reaching and misleading those numbers are. It does not help that the study was not exactly conducted by an independent agency [hint it was industry commissioned and paid for]. Here are good excerpts.
"The study concludes that “new vehicle production sales, and other jobs related to the use of automobiles are responsible for one out of every 10 jobs in the U.S economy.” The term “responsible for” is interpreted quite broadly and covers jobs in steel, glass and electronics as well as those in taxi-driving, travel and advertising companies, among others....
.....First, the study uses data from 1998 to 2001, and the industry has changed significantly since then. Employment in the motor vehicles and parts-manufacturing sector has fallen, for example.
Second, the auto-related jobs covered in the report include more than those dependent on the Detroit automakers; they are related to cars sold by any manufacturer in the American market."
http://www.nytimes.com/2008/11/19/bu...my/19jobs.html
3) Also, here is a good example of a similar situation that happened in Britain couple decades ago with British Leyland. I found it to be a good comparison to current GM situation.
http://www.nytimes.com/2008/11/18/bu...omy/18car.html
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...and another article of the latest developments.
http://www.nytimes.com/2008/11/19/bu...o.html?_r=1&hp
http://www.nytimes.com/2008/11/19/bu...o.html?_r=1&hp
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It really might as well equal that. Force unreasonable wages, take more money from those paychecks, and defend unqualified workers even though they lack a work ethic or motivation.
Unions make no sense in todays American workforce. None.
.... ****, did I just agree with Paul??? :head asspload:
Unions make no sense in todays American workforce. None.
.... ****, did I just agree with Paul??? :head asspload:
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If you think the union guys are overpaid, you should see what they pay their executives to sit around in the skyscrapers and whine about how they aren't selling any cars and "its all the unions fault!"
True, but still much weight is paid on the now un-needed and too powerful unions...
I want them all to file Chapter 11... I WANT THEM TO ****ING FILE CHAPTER 11!!!! 
They haven't tried to restructure and change their ways, **** that BS! Under chapter 11 they will HAVE to, and publicly, change the way they run their businesses... If airlines can do it, the auto industry can as well.
They haven't tried to restructure and change their ways, **** that BS! Under chapter 11 they will HAVE to, and publicly, change the way they run their businesses... If airlines can do it, the auto industry can as well.
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I want them all to file Chapter 11... I WANT THEM TO ****ING FILE CHAPTER 11!!!!
They haven't tried to restructure and change their ways, **** that BS! Under chapter 11 they will HAVE to, and publicly, change the way they run their businesses... If airlines can do it, the auto industry can as well.
They haven't tried to restructure and change their ways, **** that BS! Under chapter 11 they will HAVE to, and publicly, change the way they run their businesses... If airlines can do it, the auto industry can as well.
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Chapter 7 would be about the most devastating possible scenario as it would almost inevitably lead to the summary loss of employment for a significant portion of the 30+ million individuals associated with the industry.
Ch 11 at least provides for continued operation, but with court enforced restructuring which should force both union and management to take their punches and get their respective programs running in the right direction.
But it needs to force real changes in management as it is clear the guys in charge now have failed at operating a successful company-
If you fail-
you should be the one to lose.
(I still think a national health care plan would go a long way towards alleviating the cash hemmoraging thing too)
Ch 11 at least provides for continued operation, but with court enforced restructuring which should force both union and management to take their punches and get their respective programs running in the right direction.
But it needs to force real changes in management as it is clear the guys in charge now have failed at operating a successful company-
If you fail-
you should be the one to lose.
(I still think a national health care plan would go a long way towards alleviating the cash hemmoraging thing too)
Last edited by psoper; Nov 19, 2008 at 11:32 AM.
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Just like your NYTimes article says, GM going under would cost us 2.5 million jobs in the US in 2009. Some people think that we would recover some of those jobs and some don't but does anyone realize the impact that having 2.5 million people out of work in the next year or so would have on the already fragile and failing economy? If you think it won't affect you, you are wrong.
Read the CAR study here:
http://www.cargroup.org/documents/FI...act_3__001.pdf
Read the CAR study here:
http://www.cargroup.org/documents/FI...act_3__001.pdf
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Chapter 7 would be about the most devastating possible scenario as it would almost inevitably lead to the summary loss of employment for a significant portion of the 30+ million individuals associated with the industry.
Ch 11 at least provides for continued operation, but with court enforced restructuring which should force both union and management to take their punches and get their respective programs running in the right direction.
But it needs to force real changes in management as it is clear the guys in charge now have failed at operating a successful company-
If you fail-
you should be the one to lose.
(I still think a national health care plan would go a long way towards alleviating the cash hemmoraging thing too)
Ch 11 at least provides for continued operation, but with court enforced restructuring which should force both union and management to take their punches and get their respective programs running in the right direction.
But it needs to force real changes in management as it is clear the guys in charge now have failed at operating a successful company-
If you fail-
you should be the one to lose.
(I still think a national health care plan would go a long way towards alleviating the cash hemmoraging thing too)