Do you support Ford and GM Bail Out?
Im sorry but that is bull...I wouldnt walk millions of people to lose there job, but let the Ceo's sell there houses, there cars, there jets, there limos, and take the money out there bank...
They want to take the credit and get the profit, but they dont want to take the credit when there losing profit!
Where is the bail out for the families of America, the bailout for the hard working americans, not the CEO's.
UAW suck the people's money. Unions are a thing of the past. Look at us Asian, we have little need for unions and seldom do they control the way things go in our industries.
Let's see the whole food chain here:-
1. You pay them for the cars you drive.
2. The price you pay includes all the costs, employees' wages, the union and their own (auto makers') big fat saving accounts.
3. US Government gives them tax levies and benefits, using tax money.
So...... where does that leave the common taxpayers?
Remove the union and you will see the difference.
Add to the fact that in recent years, they haven't been making cars that people want to drive, it makes for a deadly combination that may cause the demise of these companies. If they are to pass away, let better, more financially sound automobile companies rise to replace them. That's the most sensible solution.
It's not the governments role to secure people's jobs. Having a job is not a right. If people can't cut it in the industry they're in, they need to find work else where.
Sounds like a plan to me. He is willing to take a cut before cutting someone else. Cant say that for GM or Chrysler
Read the first sentence from this article:
http://www.mercurynews.com/ci_11119652?s...
I support jobs for the workers who have devoted their lives to their employers but, as a taxpayer, I question whether the companies are prepared to offer a product for the times. This goes far beyond the problem of producing SUVs when all indicators were showing that their time had past.
The basic problem Detroit has is that their cars are not as good as their competitors from Japan and Europe. Once you've lost a consumer to another brand, it's harder to get them back than it was to keep them in the first place. If you give them $25B now, it's not at all clear that you haven't just flushed the entire amount. It seems as though we'd be better offer seeing them file pre-packaged bankruptcies and emerge in restructured forms (with parts being spun off to some of the foreign manufacturers).
They have been making 60 - 90k+ a year for the last 10 - 30 years, and now they need you and I to send them money out of our measly checks to make sure they don't go hungry... poor them.
*edit* Here's something else to consider: UAW membership is 1/3 what it was 30 years ago. The UAW has eaten itself alive - At this rate there won't be assembly jobs left in the US regardless of what happens in congress. We can dump endless billions into the big 3 and they will still have a broken system.
It makes no sense to try and bail out a sinking ship without first fixing the leak.
GM and Ford must NOT go under, It is the beginning of FOREIGN DOMINATION!
BUY AMERICAN!
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