| UAW's bail out | |
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| Tweet Topic Started: Nov 18 2008, 07:01 AM (2,247 Views) | |
| The Punisher | Nov 18 2008, 07:01 AM Post #1 |
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I'm torn... I don't want to bail out the blackmailers (union leaders) that have put the "Big Three" in such a spot, but I also don't want to see unemployment skyrocket, or see the old timers suffer... Because make no mistake, the bailout is for the UAW benefits… So, maybe now is the time to STOP the foolishness, and break the union, while honoring the unions that have put the companies at risk… I say it’s time to stop the free ride… Let the Big 3 go into re-organization, this includes firing all the union workers, and hire folks that WANT to work… at reasonable rates and benefits. http://www.foxnews.com/story/0,2933,453784,00.html http://www.msnbc.msn.com/id/27766792 Bail out one, and all will have their hands out! We've seen it with States already... Mark my words, if “WE” bailout the UAW, then WE’LL have to bail out the teamsters, then WE’LL have to bail out the Airline unions, than it will keep going thought out all the unions, the retail clerks unions, railroad unions, teachers meat cutters, on & on & on… it’s a cancer at the heart of our country. IMO, the unions are close to ruining this country, and get their ultimate goal, government/unions, taking over all industrial & services… |
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| Manna Pro | Nov 18 2008, 09:06 AM Post #2 |
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Manna Pro
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Lol- Yeah lets turn millions good jobs into a million WalMart jobs because thats just what the country needs right now.. First of all- In America you can't do what your suggesting, and secondly by anyones estimates if you let the auto makers and their vendors go under it will cost our economy between 2 and 300 billion dollars, so investing 25 billion dollars now is a no brainer- It's gonna happen, now or when Obama takes office Punisher- just pretend we are investing 25 billion in Iraqi businesses, and oil infrastructure over there. Then it won't bug you so much You unamerican moron Edited by Manna Pro, Nov 18 2008, 09:16 AM.
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| dumblonde | Nov 18 2008, 09:25 AM Post #3 |
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The bailout is because GM was using bad business practices. They built cars that people didn't want to buy and paid their executives too much to make bad decisions. They acted like they didn't have to compete. Turns out they did. |
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| Manna Pro | Nov 18 2008, 09:32 AM Post #4 |
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Manna Pro
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I agree, but we are where we are, and our entire economy depends on them. The stipulation on the 25 billion includes new managment and significant investment in "green" cars.. |
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| dumblonde | Nov 18 2008, 09:35 AM Post #5 |
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I would like to see the companies broken up upon bailout. Go back to Chevrolet, Buick, Cadillac etc. Make them compete again. We have got to bring back anti-trust, this would be a good first step. The auto companies and then the banks and insurance companies. Next the media then the airlines. |
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| Manna Pro | Nov 18 2008, 09:39 AM Post #6 |
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Manna Pro
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Go girl! |
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| The Punisher | Nov 18 2008, 09:55 AM Post #7 |
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F**K You, A$$wipe! Eat Sh*t and die, too... |
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| The Punisher | Nov 18 2008, 09:56 AM Post #8 |
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Agreed db... Break 'em up and get rid of the lazy union pigs.... Enlighten yourself… IT’S working… Union Resists Yielding More as GM, Ford, Chrysler Seek U.S. Aid The union's membership has shrunk as GM, Ford and Chrysler cut back on production jobs, falling 14 percent last year to 464,901, or less than a third of its 1979 peak of 1.5 million. http://www.bloomberg.com/apps/news?pid=20601087&sid=a56T3z6x27yc&refer=home Will UAW wreck car company rescue? http://www.bloggingstocks.com/2008/11/17/will-uaw-wreck-car-company-rescue/ Auto Workers Union Rules Out Concessions To Help Detroit Bailout http://www.huffingtonpost.com/2008/11/16/auto-workers-union-rules_n_144220.html Unions the people loving the working people. Edited by The Punisher, Nov 18 2008, 10:07 AM.
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| Hello again | Nov 18 2008, 10:12 AM Post #9 |
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BS...it's because when you buy American made cars they severly depreciate and today millions of Americans are driving American made cars and trucks they are "upside down" in. They can't pay off the margin loss with cash and creditors are not providing loans to pay off the loss. Morale of the story: Don't buy a new American car at $ 45K and lose $ 10K driving off the lot, another 5K the next year...and still owe $ 45K. Purchase a foreign car that doesn't lose it's value as fast. |
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| dumblonde | Nov 18 2008, 10:34 AM Post #10 |
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The question is why do foreign cars hold value better? They are better built and engineered. The Germans and Japanese focused on the engines and the mileage while the Americans decided cup holders and DVD players were the key components. As I said, bad business practices. |
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