Auto union members refuse to open wallets to help rescue Detroit, page 1

....so why should I ?!?!?!


Everyone knows the high paid union workers and inept management are the major reasons the big three are in a crap hole.

The UAW is telling its members to lobby in support of the bailout ( read - contact congress)

So let me see if I understand this. Some union members want to earn a six figure salary AND want American tax payers to send a check for 50 billion to help them out.

I DON'T THINK SO !!

www.ft.com...



[edit on 17-11-2008 by venividivici]

reply to post by burdman30ott6

---

Well put, I agree with your assessment.



Sailor

Hmmmmm . . . it would appear the sun is setting on GM, and it could be the proverbial back breaker for the economy . . . here's today's latest, including a bit about the congressionally mandated Union role in this . . .

Analysis: Strings attached to auto bailout bills

Democrats and Republicans alike want to impose stiff conditions on any bailout of the auto industry, from limiting executive compensation and outlawing dividends to demanding union concessions.

They'll demand Union concessions

Oh nelly . . . somebody isn't getting paid . . . that's never a good sign . . .

Auto giant in crisis mode says it will delay payments for rebates and sales incentives until Dec. 11.

Cash-strapped General Motors Corp. said Monday it will delay reimbursing its dealers for rebates and other sales incentives, an indication that the company is starting to have cash-flow problems.
Company spokesman John McDonald said payments due Nov. 28 will be delayed for two weeks until Dec. 11, while those due Dec. 4 will be paid Dec. 18.

GM Cash Flow Issues

And the usual daily example of the nonpartisan politics needed to fix this economic disaster . . .

Auto bailout prospects darken as GOP, Democrats clash; automakers say they're desperate

Though all sides agree that Detroit's Big Three carmakers are in peril, battered by the economic meltdown that has choked their sales and frozen loans, the White House and congressional Democrats are headed for stalemate over the government money that might go toward helping them.

Try not to gag . . .

Bottom line here is that if you're a banker, you're in the dough, if you're an auto worker, go learn something new

And there's always this approach . . .

GM = German Motors???

it's that whole beggers can't be choosers thing.

Sing with me now . . . Football, knackwurst, sauerkraut and Chevrolet . . .

Hmmmm . . . might work.

reply to post by burdman30ott6

---

WHY has GM, Ford and Chrysler failed?

My first car was a Chevy .. I spent more money fixing the POS then I paid for it..

At 130k miles, having all but fallen apart, I got a whopping $500 for ..

That was probably a deal.

My crappy Chevy Cavalier.

My friend, same age, had a Honda Civic, same year (96) and when he sold his car, which had 210k miles on it, he got $3,500 for it.. a nice down payment on a new car right? I had $500 bucks.

What cars did I look at?

Honda, Toyota, Nissan, Mitsubishi, and Hyundai (was not to impressed with Hyundai's)

I ended up buying a Toyota (Scion) .. which is on track to 1. Employ more American's then GM, Ford or Chrysler, as Toyota, Hyundai, Honda are all building plants in America while the "big three" fire us. 2. builds a better quality car, at a fairer price, with more options.

I test drove a few Chevy and Ford models. I test drove the Ford Focus (pos) .. The Chevy Malibu (Grandpa's car), the Chevy Aveo (Go karts have more acceleration) the Cobalt (my Cavalier with a new plastic cover?) .. and a Ford Mustang (which the old 2001 model we owned at one point broke down every 5k miles, the 2008 is anything but a sports car imo)

One thing I also looked at when I bought my car, was resale value.. I looked at my make and model on Auto Trader, the local car site, and Kelly's Blue Book .. My car at 2 years old would average only 5k less then what I paid for it..

A ford looses half it's value when you pull off the lot.

A Ford with 70k miles is considered worn, a Toyota or a Honda it's just getting broken in..

The big three offer

1. An inferior product
2. A price inflated product
3. Nothing new what so ever
4. When other companies built smaller cars, Ford made the Flex. Nuff Said.

They deserve to fail.

And our government BETTER NOT bail these bastards out..

And if they do, I say EVERYONE boycott the scum, boycott all their brands, and tell anyone who will listen to never buy "American" again!!

They will fail, and a new company will take it's place.. Hopefully bringing with it new ideas, better products, and less big corporation corruption causing it to go bankrupt!

reply to post by Rockpuck

---

Yup that pretty much sums it up. For the past 30 years they have relied on name while peddling the same crap with a different look. The transmissions go out after 60k, small stuff starts breaking after 10k, and it devalues like mad I mean what the hell. I can go buy a 2008 Cadillac Escalade from the auction with 10k miles right now for $30k meanwhile I can go to the dealer and get one with 50 miles for $60k. They really hold their value huh? This is why the free market needs to be allowed to work.

I do put part of this on the union though also. They arent willing to give an inch and they have been the ones putting these pieces of crap together for 30 years and yes some of the problems I have had with American vehicles are issues that are directly linked to Assembly. Just like the financial firms that mis managed should of been able to fail so should these guys. Its not like they will disappear. They will be bought out and opened under new management.

reply to post by Rockpuck

---

OK, I can't comment from personal experience on what you just posted because I have never owned a car. Since I was 13 and my dad bought me my first truck to rebuild and use to run around the dirt raods in Southern NM around the ranch (a trashed 55 Ford flatbed) all I have ever owned are trucks & SUVs. My next truck was a '76 Chevy which I put over 300K on with no problems until I blew the main seal and started hemmoraging oil. It made the round trip to college & back (170 miles) every day, two semester & 2 summer sessions a year, for 4 years. My next truck was an 87 Chevy half ton. I owned that truck for 8 years and put 250K on it (on top of the 100K already on the engine when I bought it for 2 grand). Again, same problem... blew the master seal and sold it to a migrant worker for $750. My current ride is a Jeep Cherokee with almost 200K on it. It runs fine.

Part of this may be that I'm a gear head and work on my own vehicles. Up to the Jeep, everything I owned and drove prior was in 110 degree heat in the summer and hard freezing at night in the winter. So I do not have a jaded view of GM products. My trucks, even when they blew a seal, never once left me walking unless you count the starter going stone dead on my 87.

reply to post by venividivici

---

Turns out that the Government doesn't want to help either, And I do so agree with you on the expendetures coming out of my dust ridden wallet!! lolol

Treasury Secretary Henry Paulson has told Congress the administration remains firmly opposed to dipping into the government's $700 billion financial bailout fund to provide the Big Three automakers the $25 billion rescue they are seeking.

news.yahoo.com...;_ylt=AlbB_xgIznzsvWkBsl58hrKs0NUE

Originally posted by marg6043
I guess that is because the 700 billion dollars now 2 trillion has been gone and done with.

In order to bail out the automakers they have to add another bail out bill.

Um . . . er . . . while you blinked . . .

Fighting the financial crisis has put the U.S. on the hook for some $5 trillion a report says. So far.

According to CreditSights, a research firm in New York and London, the U.S. government has put itself on the hook for some $5 trillion, so far, in an attempt to arrest a collapse of the financial system

Honest . . $5 trillion!!!

USDA Forces Whole Foods To Accept Monsanto
  Posted 12 days ago with 100 member flags

Greece wipes out Citizens Debt!! Tells Bankers to suck it
  Posted 13 days ago with 78 member flags

Proponents of Gold Standard May Be Violent Extremists; Report ALL Suspicious Activity To the FBI
  Posted 5 days ago with 44 member flags

Obama on the verge of a deal with the banks
  Posted 18 days ago with 23 member flags

Bankers requesting that Greece become their debt slaves
  Posted 16 days ago with 15 member flags

We’re on the brink, warns Greece ahead of summit
  Posted 14 days ago with 15 member flags

Heard a rumor on a disreputable anarchist forum....
  Posted 16 days ago with 12 member flags

The Real Story Behind the Greece Debt Default
  Posted 12 days ago with 11 member flags

Newest topics, updated in real-time:

Newest topics getting flags, in real-time:

Newest topics getting replies, in real-time: