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Treasury ready to prevent collapse of automakers

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Posted

It's f*cking both of them.

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Posted

You do realize that it was the UAWs refusal to bring wages in line with the industries non union shops that killed this thing?

Its not big bad Washington DC that's being stupid here. Its the greedy ass unions that kept this from getting done. The very blue collar people that this was supposed to save gave DC the finger.

Yeah, pretty much. The Big 3 have some culpability in this too, but at this point it's the UAW that's not willing to play ball. They're basically holding Detroit hostage. Again.

Which is why Chapter 11 seems like the best thing that the Big 3 can expect at this point. It breaks all their Union contracts and allows them to restructure from the bottom up.

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Posted

At this point I'm a big fan of sending them to Bankruptcy Court for restructuring.

Unfortunately some folks are going to lose their jobs but its better than bailing them out.

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Posted

This is bullsh*t... You can't bailout three of the largest employers in the Country? but you can give AIG 50 billion for what? To give their exec? bonuses, if they dont bail-out GM, Ford, Chrysler you knwo how many people will lose their jobs??? Yeah sure they make a sh*tty product, but it will put thousands out of work in an already tough time, you dont bail them out, all the chevy lovers lose their parts.. think about, we should bailed out some of them before the banks, i make some stupid financial decisions but i do not seeing me getting help from the government why the f*ck should take care of them because of their ignorance with money...

The financial industry doesn't employ people?

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Posted

Unions have served their purpose, and the latest escapade is proof positive that they are more concerned with their own power than the employees they represent...UAW worker makes 77.00 an hour in pay and benefits...Japanese autoworkers make 44.00 an hour in wage and benefits...The japanese model makes money, the US model not so much. Lots of blame to go around, but plenty to place on the UAW as well.

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Posted

Clinton could have done something 10 years ago, But no..... Digital TV was more important.

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Posted

Unions have served their purpose, and the latest escapade is proof positive that they are more concerned with their own power than the employees they represent...UAW worker makes 77.00 an hour in pay and benefits...Japanese autoworkers make 44.00 an hour in wage and benefits...The japanese model makes money, the US model not so much. Lots of blame to go around, but plenty to place on the UAW as well.

people buy japanese cars too, which helps.

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Posted

Ahh. I missed posting here.

Gotta blow up the Unions. And please, if you bring the old, well if it weren't for Unions argument I will throw a Chinese star into the side of your neck.

Antiquated Unions has choked the life out of the Big Three as well as some other industries.

Loyalty ends up trumping common sense and guess who gets burned? You and I.

Break up GM and Chrysler or merge them. BTW-Chrysler is a PRIVATELY held comp with Cerberius(too lazy to search the spelling) and YET they are wanting some bailout money! HUH?

Spin off units from automakers. Create a Parts only group. Trucks, Heavy equipment etc.

Let them be their own entity and trade on the open market.

Cut NASA's budet in half for 2-3 years and redirect those funds to the Infrastructure(which this homey said BEFORE the Prez Elect did, I would say do a search on the Huddle but..uhh..well.)

Find the small modest cars in each of the 3's fleet and sell them to India, China and Russia at a superb discount. Flush out the inventory and generate some cash flow.

Have another spin off company that focuses on anti terrorist vechicles etc. Ie armorored cars, searching for IED's, bulletproofing yada yada.

Another spin off would be a health and insurance group that is dedicated to the auto industry. Keep costs in house but allow them to go outside the plan but this again goes to cost control and yet another comp that can be traded in the market.

They can raise capital even in the market to offset bleeding in other areas or at least until they get revamped properly.

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Posted

Ahh. I missed posting here.

Gotta blow up the Unions. And please, if you bring the old, well if it weren't for Unions argument I will throw a Chinese star into the side of your neck.

Antiquated Unions has choked the life out of the Big Three as well as some other industries.

Loyalty ends up trumping common sense and guess who gets burned? You and I.

Break up GM and Chrysler or merge them. BTW-Chrysler is a PRIVATELY held comp with Cerberius(too lazy to search the spelling) and YET they are wanting some bailout money! HUH?

Spin off units from automakers. Create a Parts only group. Trucks, Heavy equipment etc.

Let them be their own entity and trade on the open market.

Eliminate department of homeland insecurity, force the FBI and CIA to do there job and and redirect the savings to the Infrastructure(which this homey said BEFORE the Prez Elect did, I would say do a search on the Huddle but..uhh..well.)

Find the small modest cars in each of the 3's fleet and sell them to India, China and Russia at a superb discount. Flush out the inventory and generate some cash flow.

Have another spin off company that focuses on anti terrorist vechicles etc. Ie armorored cars, searching for IED's, bulletproofing yada yada.

Another spin off would be a health and insurance group that is dedicated to the auto industry. Keep costs in house but allow them to go outside the plan but this again goes to cost control and yet another comp that can be traded in the market.

They can raise capital even in the market to offset bleeding in other areas or at least until they get revamped properly.

Fixed it for you.

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Posted

Fixed it for you.

yes, that.

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