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Enough Already with the Bail Outs!! Seriously!

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Old Nov 20, 2008 | 05:00 PM
  #76  
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Originally Posted by Paul@dbtuned
BofA buys stake in PRC Bank.



We are soooo ****ed!!!


THAT WASN'T "PLAY MONEY" YOU *******S!!!!

THAT WAS TO HELP YOU LEND MONEY TO BUSINESSES AND HOME OWNERS.... BURN IN HELL YOU GREEDY MOTHER****ERS!!!!!
Old Nov 20, 2008 | 05:03 PM
  #77  
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Originally Posted by Superglue WRX


THAT WASN'T "PLAY MONEY" YOU *******S!!!!

THAT WAS TO HELP YOU LEND MONEY TO BUSINESSES AND HOME OWNERS.... BURN IN HELL YOU GREEDY MOTHER****ERS!!!!!
I'm not surprised... Should've gone to us... Stupid stupid idea.
Old Nov 20, 2008 | 06:34 PM
  #78  
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And the hits keep on a comin'...

Chinese Automakers May Buy GM and Chrysler

Chinese carmakers SAIC and Dongfeng have plans to acquire GM and Chrysler, China’s 21st Century Business Herald reports today. [A National Enquirer the paper is not. It is one of China's leading business newspapers, with a daily readership over three million.] The paper cites a senior official of China’s Ministry of Industry and Information Technology– the state regulator of China’s auto industry– who dropped the hint that “the auto manufacturing giants in China, such as Shanghai Automotive Industry Corporation (SAIC) and Dongfeng Motor Corporation, have the capability and intention to buy some assets of the two crisis-plagued American automakers.”
Old Nov 20, 2008 | 07:34 PM
  #79  
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Originally Posted by Paul@dbtuned
And the hits keep on a comin'...

Chinese Automakers May Buy GM and Chrysler
and will this purchase be made with credit from the China Construction Bank Corp.?
Old Nov 20, 2008 | 10:56 PM
  #80  
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Originally Posted by RussB
and will this purchase be made with credit from the China Construction Bank Corp.?
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Old Nov 21, 2008 | 02:31 AM
  #81  
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Originally Posted by Paul@dbtuned
And the hits keep on a comin'...

Chinese Automakers May Buy GM and Chrysler
well you know the old saying...

'if you can't beat 'em, then buy 'em"
Old Nov 21, 2008 | 03:50 AM
  #82  
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Originally Posted by joltdudeuc
No, we get it... $73/hr for overhead rate and $27/hr hourly wage...

Still pretty damn high considering:

A) The job they are actually doing.

and

B) Where in the country most of these jobs actually area and the lower cost of living in those areas.
Yes, there are alot of overpaid line workers because they have been in that system for many, many years. I will never fault a worker for making money where there is money to be made though.

But you also realize that there are ton of UAW skilled tradesmen. The ones that fix the robots, the electrical systems, plumbing, basically keep the plants running. Those people factor into that 70 per hour figure (that is going down to 50 per hour by 2010) I don't think they can fall into your degrading "job they are actually doing" statement. It just goes to show that you have no clue what you are talking about in regards to this topic.

Everybody sees the negative stories about the Jobs Bank (which GM is trying to get rid of) The workers on the line that slack off, but compared to the majority of those line workers, skilled tradesmen, etc. those people are few and far between. The majority of these people work very hard day in and day out, and of course you never see a story about them because that isn't news.
Old Nov 21, 2008 | 04:00 AM
  #83  
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Originally Posted by Superglue WRX
One of the comments below the article:

OctaVentiConPanna :
July 7th, 2007 at 7:41 am

At NUMMI, only workers in the “skilled trades” make $32/hr. They’re the ones who are the electricians, welders, etc. They’re more commonly known as “maintenance”. The majority of the workers who actually do the build on the production floor make $28/hr. at the top pay scale. They are increasing their use of temps who make $19/hr with 6 month contracts. The average wages have actually dropped due to their use of temps.

What percentage of skilled tradesmen do you think the the 27 dollar an hour UAW average figure attributes to? And the UAW's new deal with GM says than any new labor hired starts at 15 bucks an hour with no pension options and very little heath care?
Old Nov 21, 2008 | 07:43 AM
  #84  
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Originally Posted by SilverScoober02
What percentage of skilled tradesmen do you think the the 27 dollar an hour UAW average figure attributes to? And the UAW's new deal with GM says than any new labor hired starts at 15 bucks an hour with no pension options and very little heath care?
I don't know what percentage it is, I'm not in the industry. But I took a tour of the NUMMI plant and there was a lot of non-skilled labor in there.

And was the other thing you mention is a statement with a question mark at the end. I don't care what the UAW's new deal with GM is, you know why?..... because the UAW should **** off and die and let GM determine it's own wages and benefits. The UAW has long overstated it's welcome.
Old Nov 21, 2008 | 09:22 AM
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Originally Posted by Superglue WRX
I don't know what percentage it is, I'm not in the industry. But I took a tour of the NUMMI plant and there was a lot of non-skilled labor in there.

And was the other thing you mention is a statement with a question mark at the end. I don't care what the UAW's new deal with GM is, you know why?..... because the UAW should **** off and die and let GM determine it's own wages and benefits. The UAW has long overstated it's welcome.
It's "overstayed it's welcome" BTW... You should care about the UAW's new deal with GM because now a new non-skilled worker will make less than a non-skilled worker at a non-union toyota/honda/(insert foreign automaker here) plant.

The UAW is a flawed organization, no one is going to argue that. But they aren't going away and they represent too many good Americans to throw by the wayside like that. Unfortunately for me I don't get to live in fantasy land out there where people think that something like one of the big 3 going under wouldn't affect me. It has very real consequences to many, many people. It would have a huge impact on me and I work in information security and not in the automotive industry at all.

It's amazing to me that we can not put up too much of stink when the government can hand wall street close to a trillion dollars with no oversight, so they can go out and buy a stakes in a chinese financial institutions, but lets not give the big 3 25 billion and possibly prevent 1 million to 3 million people from losing their jobs and sending the already fragile economy into a complete tailspin.

Part of the situation they are in is directly tied to the financial crisis that is going on. Sure a large portion of it is their own doing and some falls on the UAW but they aren't the only ones to blame here. Had the financial crisis not happened the Big 3 wouldn't be asking for these loans at all. They would have made it to their cutbacks that are scheduled to start taking place in 2009 and 2010.
Old Nov 21, 2008 | 09:41 AM
  #86  
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Originally Posted by SilverScoober02
It's amazing to me that we can not put up too much of stink when the government can hand wall street close to a trillion dollars with no oversight, so they can go out and buy a stakes in a chinese financial institutions, but lets not give the big 3 25 billion and possibly prevent 1 million to 3 million people from losing their jobs and sending the already fragile economy into a complete tailspin.
E-L-E-C-T-I-I-O-N!!

Now that it's over, they have no reason to listen the sheeple of America.

Follow the money trail; where did the money come from, who got it, and who'll benefit??

Where do all those ****ers in DC have their investments?
Which institutions have got/will get the bailout cash?

Hmmmmmm.....
Old Nov 21, 2008 | 09:59 AM
  #87  
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Originally Posted by SilverScoober02
Yes, there are alot of overpaid line workers because they have been in that system for many, many years. I will never fault a worker for making money where there is money to be made though.

But you also realize that there are ton of UAW skilled tradesmen. The ones that fix the robots, the electrical systems, plumbing, basically keep the plants running. Those people factor into that 70 per hour figure (that is going down to 50 per hour by 2010) I don't think they can fall into your degrading "job they are actually doing" statement. It just goes to show that you have no clue what you are talking about in regards to this topic.

Everybody sees the negative stories about the Jobs Bank (which GM is trying to get rid of) The workers on the line that slack off, but compared to the majority of those line workers, skilled tradesmen, etc. those people are few and far between. The majority of these people work very hard day in and day out, and of course you never see a story about them because that isn't news.
At the end of the day they make more than I do without needing to really know anything or at least, not anything that can be taught to them relatively quickly.

How does an Electrician or Plumber fall into that category? I wouldn't expect them to be UAW members, but instead members of their local electricians or plumbers unions?

At the end of the day the UAW is asked for far too much in my eyes over the past 20 years, GM/Ford/Chrysler has mis-managed everything up and down that Companies... It's the combination of these things that will bring them down. It's their stubbornness, their arrogance really, that will bring them down. They balk at Chapter 11... well, it was congress that balked at their pleads the past few days now, wasn't it...

Karma for "who killed the electric car"? Perhaps...
Old Nov 21, 2008 | 10:03 AM
  #88  
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Originally Posted by SilverScoober02
It's "overstayed it's welcome" BTW... You should care about the UAW's new deal with GM because now a new non-skilled worker will make less than a non-skilled worker at a non-union toyota/honda/(insert foreign automaker here) plant.

The UAW is a flawed organization, no one is going to argue that. But they aren't going away and they represent too many good Americans to throw by the wayside like that. Unfortunately for me I don't get to live in fantasy land out there where people think that something like one of the big 3 going under wouldn't affect me. It has very real consequences to many, many people. It would have a huge impact on me and I work in information security and not in the automotive industry at all.

It's amazing to me that we can not put up too much of stink when the government can hand wall street close to a trillion dollars with no oversight, so they can go out and buy a stakes in a chinese financial institutions, but lets not give the big 3 25 billion and possibly prevent 1 million to 3 million people from losing their jobs and sending the already fragile economy into a complete tailspin.

Part of the situation they are in is directly tied to the financial crisis that is going on. Sure a large portion of it is their own doing and some falls on the UAW but they aren't the only ones to blame here. Had the financial crisis not happened the Big 3 wouldn't be asking for these loans at all. They would have made it to their cutbacks that are scheduled to start taking place in 2009 and 2010.
There were tons of people who were vocal about all the money, but seriously, they are not going to be heard, they weren't then, and they aren't now if this bailout happens. Wall street doesn't deserve any money, and neither does the big 3.

At the end of the day I am not responsible for these people, and I'm sure as hell not responsible for these companies... the ones who are responsible should be the ones picking up the pieces, not me.

Same goes for AIG and these other companies. I don't see why we should bailout anybody other than a working American. That 25billion should go to the auto workers if we had to give it to anyone. It would do them more good once those POS companies lay to rest.
Old Nov 21, 2008 | 10:23 AM
  #89  
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Unfortunately, all of the mess [or lack of resolution] so far has been caused by treating the symptoms and not the cause of the problems. Everything done so far has been to merely put a band-aid on a broken bone or gushing artery wound. It will still bleed out 5 minutes later. Many of the current problems need complete surgery to fix the root cause, but it would probably take even further decline for anyone to act on it. Partly because it will take a long time and the CEO/politicians cannot claim immediate credit for it given today's short attention span. They are afraid they will not be around or people will not remember to reap the full benefit and publicity for their efforts. Politics, politics and more politics. ***heavy sigh***
Old Nov 21, 2008 | 10:31 AM
  #90  
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Originally Posted by joltdudeuc
At the end of the day they make more than I do without needing to really know anything or at least, not anything that can be taught to them relatively quickly.
Ahhh, the real issue arises... But seriously, the UAW realizes this. They know their unskilled labor force is extremely overpaid. That's why they have changed the rules for new employees. They will make less than non-union laborers in various foreign auto plants now.

Originally Posted by joltdudeuc
How does an Electrician or Plumber fall into that category? I wouldn't expect them to be UAW members, but instead members of their local electricians or plumbers unions?
Skilled trades....My father in law is an electrician at the GM truck and bus plant here. Works with 480 volts of electricity day in and day out. Fixes various robots, etc. You couldn't pay me enough to do that job. But that's just me.

Originally Posted by joltdudeuc
At the end of the day I am not responsible for these people, and I'm sure as hell not responsible for these companies... the ones who are responsible should be the ones picking up the pieces, not me.
Of course you are not responsible for them, but it is pretty short sighted to not see the impact that all those people out of work would have on the economy and ultimately you.

Originally Posted by joltdudeuc
Same goes for AIG and these other companies. I don't see why we should bailout anybody other than a working American. That 25billion should go to the auto workers if we had to give it to anyone. It would do them more good once those POS companies lay to rest.
I kind of agree with you here, but it is not realistic at all. You and I both know the government would never hand that money to people. It would never happen.



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