GM Facts and Fiction

[Late BrakeU2]

This is the end of the modern roman empire,tommorrow is going to be brutal.

I could only take about 10 minutes of this lifelong malingerer whining on and on about how the auto unions are 'mistreated', and about the 'anti-union' sentiment in Washington.


Recent statistics show that while the average American worker makes around $28/hr with benefits, the average union worker makes $75/hr. If you have never been a member of any union, you have no idea how much waste there is inside, particularly the blue-collar unions.

I watched the entire charade by this UAW Butterfinger-despite his continued butchering of the English language, and references to the 'in-cen-ta-tives' everyone else in the world got but them.

Not one single word about what the union could do for the big, 3--not one word.Good news is that the 30% of Americans that live below the poverty level are fine, no where to go, but the middle class are toast!!

What are the illegal's going to do??

[Hylton]

[ QUOTE ]
Ya know the problem with these pensions is a lot of the old time pensions are actually owned by the company not the individual. I think the company can show the pension on the books as an asset. The problem is (US AIR, United Etc.) If the company goes down the pension goes with it not to the employees. So if this is the case with the BIG 3, the line guys etc better be careful they could end up with "0"


[/ QUOTE ]

I think you meant to say pensions are shown as liabilities on company books and so pensioners become another creditor in the event that the company declares bankruptcy. If GM goes Chapter 7, pensioners will lose everything. If GM goes Chapter 11, pensioners will probably get less then what they are getting now if anything at all.

[JRSully]

You think the DEFICIT will even be an issue once Obama takes over.? It will be SO BLOWN OUT that cutting it down and/or addressing it won't even be an afterthought for the next President, see everybody tomorrow afternoon at VF, safe travels to all that are going. SULLY

[rpoz11]

[ QUOTE ]
This is the end of the modern roman empire,tommorrow is going to be brutal.

I could only take about 10 minutes of this lifelong malingerer whining on and on about how the auto unions are 'mistreated', and about the 'anti-union' sentiment in Washington.


Recent statistics show that while the average American worker makes around $28/hr with benefits, the average union worker makes $75/hr. If you have never been a member of any union, you have no idea how much waste there is inside, particularly the blue-collar unions.

Not one single word about what the union could do for the big, 3--not one word.Good news is that the 30% of Americans that live below the poverty level are fine, no where to go, but the middle class are toast!!


[/ QUOTE ]

Outscourcing.

I think that I suggested earlier somewhere here that it's the employer's responsibility to manage the union worker you seem so against here.

Decades of Union involvement provided whoever is left today with the $75 per hour rates they get.

Don't blame todays current UAW hourlys for what is happening in Detroit.

If management so chose to manage these employees with more scrutiny, I am sure the production results of work would go up.

I don't work at any of these plants but maybe the question of responsibility to the downfall here lies in the people who manage and make the decisions.

And, if we could get our credit markets to open up easier financing, that would be a start....not to leave out people being employed to qualify wouldn't hurt either.


Since I see that you are also a local, what have you seen as the result of McDonell/Douglas-Boeing in our area???

Go to just one LB swap meet and those results stare us right in our faces.



It is my firm belief that if we can live in this country, we can certainly employee our citizens with manufacturing jobs if our government could give our company's the ability to operate here more affordably.

[kwhizz]

It is my firm belief that if we can live in this country, we can certainly employee our citizens with manufacturing jobs if our government could give our company's the ability to operate here more affordably.


Bingo!!! ......The Key word in that statement is "Citizens".........But......That's another story

Ken

[COPO 70 RS/Z28]

[ QUOTE ]
It is my firm belief that if we can live in this country, we can certainly employee our citizens with manufacturing jobs if our government could give our company's the ability to operate here more affordably.


Bingo!!! ......The Key word in that statement is "Citizens".........But......That's another story

Ken

[/ QUOTE ]


Ditto!

[Chevy454]

Welp, Congress said "no bailout without a plan" and then dismissed for Thanksgiving...so, how many of those Congressmen do you reckon are flying home on commercial airlines?

[firstgenaddict]

[ QUOTE ]

Most of the blame for all of this lies at the feet of the Government and the only was to solve this is term limits. The only incentive these guys have is to get re-elected, their greed is just as bad as everyone elses just a lot more dangerous.


Im not going to get political this is not the place but I think you know what I mean.

[/ QUOTE ]

Farmer, Miner, Mechanic, Machinist, Lawyer...
Which of the above trades/professions and all fruits from it could be eliminated with the least detriment to society?

Term limits are good in that they deal with the problem of quid pro quo in that politicians feel beholden to groups who give them money, however, we also need to get the Lawyers out of both houses of Congress...

Why should a politician who is a lawyer be able to write more laws? Forbidden Fruit anyone?

Lawyers already control one entire branch of Government.. the Judiciary... why should Lawyers write laws, practice the laws they write and judge the laws they practice?
If anyone knows of another profession which has more influence on the lives and viability of everyone in the country, please hold your silence no more...

"——when you see that in order to produce, you need to obtain permission from men who produce nothing—when you see that money is flowing to those who deal, not in goods, but in favors when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you—when you see corruption being rewarded and honesty becoming a self-sacrifice—you may know that your society is doomed... "
-Atlas Shrugged 1957 Ayn Rand

[firstgenaddict]

[ QUOTE ]
It is my firm belief that if we can live in this country, we can certainly employee our citizens with manufacturing jobs if our government could give our company's the ability to operate here more affordably.


Bingo!!! ......The Key word in that statement is "Citizens".........But......That's another story

Ken

[/ QUOTE ]

Until people realize that MANUFACTURING BUILDS WEALTH... we are doomed... manufactured products are more valuable than the sum costs of the raw materials used to produce the product. It is the human mind which added the value and built the wealth.

[Johnny Horsepower]

[ QUOTE ]
NO insurance co. went under during the great depresion. No insurance co. will go under this time. We are regulated out the a$$.

[/ QUOTE ]

True, but AIG had to be bailed out after too much exposure to bad debt. The reserve requirements are much stricter for insurance, because of the promises they have to keep.

I work for the largest mutual insurance company in the country; New York Life.
Being a mutual company, means you can steer your ship more conservatively, because you serve the policy holders who own the company, not stockholders who want short term gain/results.
We are in excellent shape.

John

ps. I have spent the last 18 years in the U.S. treasuries pit. I have stared at price boards and screens all day. (I am posting from the floor right now) So I am little closer to what is going on then most.
It is definitely scary.........