Why the big three bailout is a BAD idea

Does anyone think that the union has any affect on this, I mean who pays a person 38 buck an hour to tighten four bolts.

[Da Klugs]

Originally Posted by piperman

Does anyone think that the union has any affect on this, I mean who pays a person 38 buck an hour to tighten four bolts.

Isn't that a days work for government plumbers? US Autoworker jobs fall far less into that category now than 25 years ago. The issue isn't that they don't work hard. Visit a plant sometime. The issue is that alternatives (Honda, Toyota, etc) offer more bang for the buck/quality etc. because they can produce better vehicles at a lower cost. A recipe for extinction unless something changes. What has to change is the retirement costs, wage costs, benefits and work rules. The last contract guaranteed continuing to pay workers when their plant closed fer Christ sake. All the things the unions have fought for and won for 40 years. They won!!! Unfortunately there has to be a viable business entity to pay them. It all flushes unless they (management, Labor and Retirees) agree to something sustainable.... a significant percentage less than now. Otherwise, any money given only for stalls the inevitable and they all eventually lose.

[HK3-]

Originally Posted by piperman

Does anyone think that the union has any affect on this, I mean who pays a person 38 buck an hour to tighten four bolts.

Who pays a president who blows smoke and then has been back-peddling since he was elected.

Yes, the UAW needs to take a little cut.

Let them go down. What good will it do to bail them out? Will they restructure their business? Who knows.

[gettysburgfreak]

I will never ever buy an American made car. I am sick and tired of CEO's that make a **** load of money while they make crappy ass cars and then have the balls to ask for money to help their asses. Maybe if they actually made cars that were decent and didnt have salaires that could buy a small country, they wouldnt be in this mess. You don't see great car makers such as Audi, BMW, or Mercedes having problems.

[Genetic Defect]

Originally Posted by gettysburgfreak

I will never ever buy an American made car. I am sick and tired of CEO's that make a **** load of money while they make crappy ass cars and then have the balls to ask for money to help their asses. Maybe if they actually made cars that were decent and didnt have salaires that could buy a small country, they wouldnt be in this mess. You don't see great car makers such as Audi, BMW, or Mercedes having problems.

VW has issues, all manufactures makes lemons

[Rockestone]

Unions=Bad for Business .

[floydpink]

I'm a little foggy on all the facts, but I understood this to be a low interest LOAN that the automakers will pay back. How, I don't know as less and less people seem to want to drive American cars.

I'm hypocritical as I frown on Japanese motorcycles, but have 2 Japanese automobiles in my garage that are leased and will be traded in for more Japanese cars when the lease is up.

Last Ford I had blew through 3 trannies before hitting 100k miles. My Japanese trucks and wife's car never need more than an oil change.

[Genetic Defect]

Originally Posted by Rockestone

Unions=Bad for Business .

Battle of the Overpass.

[gettysburgfreak]

Originally Posted by Big Vito

VW has issues, all manufactures makes lemons

Yea but you don't see any of them asking their governments to bail their asses out.