Good Bye Detroit: The Final Nail in Big 3's Coffin

[The Real Bingo]

Quote:

Originally Posted by MTAtech

Instead of making more credit available, my bank cut my home equity line by $100K. What a scam. The banks had no intention of freeing up credit.

All I've seen them do is buy up other banks. Government-funded M&A FTL!

[sharder8]

Quote:

Originally Posted by surreal

The UAW has said they would cooperate if they could look over the numbers to see that they were not sharing a large percent of the loss vs other areas, (think top management?)

Wait a minute--

The Union said the same thing when Hormel ran into trouble years ago . . . and when Hormel opened the books, the union claimed that they were "cooked". The union went on strike, Hormel hired and bussed in laid-off iron mine workers. The new workers went to work for Hormel at a reduced wage and a promise of raises when Hormel was back in the black. 3 years later, the workers were making more than the union workers wanted and the union wanted back in . . . didn't go over well for the union.


Harder

[surreal]

Quote:

Originally Posted by sharder8

The Union said the same thing when Hormel ran into trouble years ago . . . and when Hormel opened the books, the union claimed that they were "cooked". The union went on strike, Hormel hired and bussed in laid-off iron mine workers. The new workers went to work for Hormel at a reduced wage and a promise of raises when Hormel was back in the black. 3 years later, the workers were making more than the union workers wanted and the union wanted back in . . . didn't go over well for the union.


Harder

Hmmmm, Smells like SPAM!!!!

[mad1]

Quote:

Originally Posted by surreal

Hmmmm, Smells like SPAM!!!!

[outlaw2001it]

The House/Senate will vote again on the issue in January when a majority of Democraps (I spelled that correctly) will be in power. Let's hope that GM, and Chrysler have enough cash until then. Donald Trump came up with an idea of letting them go into Chapter 11 prior to the loan/bailout. I don't know what that will/will not do for the companies. Ford has enough liquidity to hold them for a while, but just wanted cash just in case. Let's see what happens.

[Spada]

the car unions need to have it stuck to them. Did you know that in the big 3 if you get laid off you still make 85% of your wages for doing NOTHING? that's ridiculous

Automakers Pay 85% of their Wages to non-Workers, and the American Taxpayers are Supposed to Foot the Bill? « America’s Watchtower

Why would we bail them out when they couldn't make money when the economy was good? What are they going to do to make money now if they just get bailed out and the economy is bad.... stupid

[EXreaction]

Quote:

Originally Posted by outlaw2001it

Democraps (I spelled that correctly)

Oh you are so very clever, mixing the words democrat and crap, so it makes the democrats look bad. If only there was a larger number of smart people like you the world wouldn't have any problems at all!

[zen]

Quote:

Originally Posted by MTAtech

Personally, I'd like to give out 750,000 $20,000 vouchers to Americans that could be used towards a purchase of an American car that gets over 30 mpg. That will give business to the auto companies and also provide stimulus to the economy.

Which would just prolong the inevitable. Major restructuring has got to happen, which is gonna be a bit painful. The UAW workers are going need to make concessions or face unemployment.

[MTAtech]

Quote:

Originally Posted by Spada

the car unions need to have it stuck to them. Did you know that in the big 3 if you get laid off you still make 85% of your wages for doing NOTHING? that's ridiculous.

What you are referring to is a practice that began as a way to entice the United Auto Workers to accept robots on the assembly line.

Quote:

The program started in 1984 as something both the United Auto Workers and their employers supported to promote factory automation and innovation, according to labor and industry experts. link

[Pexster]

One could also make the argument that these Southern Republicans are acting as agents for the foreign companies doing business in their states.