Big 3 and the 'bail-out', why not - ?
- consider the following - 1 - allow the 'Big 3' to bumble along without Federal $$ 2 - with a bankruptcy filing, the govt will guarantee all warranties for 'Big 3' autos 3 - use Federal funds for unemployment coverage of auto industry workers, and retraining. I tend to think +$30 billion sent to Detroit is just good money after bad. In effect, the tax payers are covering UAW comp and health benefits, subsidizing some of the worst vehicles in the market, and giving our blessing to some of the worst management teams in the world. -------------------- Has anyone else looked at GM's proxy? '...the Board of Directors encourages Messrs. Wagoner, Henderson, and Lutz to use corporate aircraft for personal as well as business travel.' Are you kidding me? Wagoners total comp was at just over $14m. http://www.sec.gov/Archives/edgar/data/40730/000089016308000276/s11-8104_def14a.htm Why do UAW members think tax payers owe them? Build a functional vehicle, and I might buy it. Earn your keep.
Corporations - 4 Answers
People's Answers, Critics, Comments, Opinions :
Answer 1 :
No way they get any money as far as I am concerned as when you look at the truth it is being mismanaged all the way around. They need to go bk so they can disband the UAW and get on with making GOOD AUTOS once again instead of the trash they put out now
Answer 2 :
They should be allowed to fail I as a taxpayer am not responsible for every organization in this country
Answer 3 :
It's simple. Bailing out the Big 3 is not really for the Big 3, it's for the workers who work there. Saving the pensions and retirement funds of all those regular people is not what the the government is for. Government is there only to bail out big financial corporations and multi millionaires. Do you know how many multi millionaires work on the Big 3 assembly lines? Why would we use government coffers to give money away to regular people? According to some, those who work 30 years and put their hard earned cash into a pension fund don't deserve to collect when they retire. It's more reasonable to declare bankruptsy and dissolve the pension fund so the money can be used to make them more competetive. Now move along and pay your taxes so the uber rich can collect their fair share in subsidies, contracts, and bailouts. Keep asking questions like this and you're liable to get a visit from your local IRS agent or Dept. of Homeland Security.
Answer 4 :
Correct me if I'm wrong, but I think that the only way to flat out cancel the union contracts and start over is via bankruptcy court order. I've read that it costs an average of $73 an hour to employ a union auto worker. You can do the math on that per year, per employee. On the other hand, the non-union workers that build Japanese cars in the US cost an average of $43 an hour. Based on that, if true, it doesn't matter how much money the government throws at the Big-3 - they cannot manufacture a quality product that is affordable. They can manufacture a poor-quality product that drives everyone into the arms of the Japanese auto makers. I vote no. Let them compete
- consider the following - 1 - allow the 'Big 3' to bumble along without Federal $$ 2 - with a bankruptcy filing, the govt will guarantee all warranties for 'Big 3' autos 3 - use Federal funds for unemployment coverage of auto industry workers, and retraining. I tend to think +$30 billion sent to Detroit is just good money after bad. In effect, the tax payers are covering UAW comp and health benefits, subsidizing some of the worst vehicles in the market, and giving our blessing to some of the worst management teams in the world. -------------------- Has anyone else looked at GM's proxy? '...the Board of Directors encourages Messrs. Wagoner, Henderson, and Lutz to use corporate aircraft for personal as well as business travel.' Are you kidding me? Wagoners total comp was at just over $14m. http://www.sec.gov/Archives/edgar/data/40730/000089016308000276/s11-8104_def14a.htm Why do UAW members think tax payers owe them? Build a functional vehicle, and I might buy it. Earn your keep.
Corporations - 4 Answers
People's Answers, Critics, Comments, Opinions :
Answer 1 :
No way they get any money as far as I am concerned as when you look at the truth it is being mismanaged all the way around. They need to go bk so they can disband the UAW and get on with making GOOD AUTOS once again instead of the trash they put out now
Answer 2 :
They should be allowed to fail I as a taxpayer am not responsible for every organization in this country
Answer 3 :
It's simple. Bailing out the Big 3 is not really for the Big 3, it's for the workers who work there. Saving the pensions and retirement funds of all those regular people is not what the the government is for. Government is there only to bail out big financial corporations and multi millionaires. Do you know how many multi millionaires work on the Big 3 assembly lines? Why would we use government coffers to give money away to regular people? According to some, those who work 30 years and put their hard earned cash into a pension fund don't deserve to collect when they retire. It's more reasonable to declare bankruptsy and dissolve the pension fund so the money can be used to make them more competetive. Now move along and pay your taxes so the uber rich can collect their fair share in subsidies, contracts, and bailouts. Keep asking questions like this and you're liable to get a visit from your local IRS agent or Dept. of Homeland Security.
Answer 4 :
Correct me if I'm wrong, but I think that the only way to flat out cancel the union contracts and start over is via bankruptcy court order. I've read that it costs an average of $73 an hour to employ a union auto worker. You can do the math on that per year, per employee. On the other hand, the non-union workers that build Japanese cars in the US cost an average of $43 an hour. Based on that, if true, it doesn't matter how much money the government throws at the Big-3 - they cannot manufacture a quality product that is affordable. They can manufacture a poor-quality product that drives everyone into the arms of the Japanese auto makers. I vote no. Let them compete
Read more other entries :
