[quote=Scarlet]Flu, you are even slower than most on this forum of dull knives.
Your kid’s tax payer dollars will go to pay for the global economic policies of the past few administrations. This is important stuff people, you really should educate yourselves a bit. Corporate America dismantled the greatest job base in history and replaced it with McDonalds jobs and FIRE economy, fake BS jobs. And you let them do it with your blessing and continue right now today, on this forum, to defend their total screwing of you and your kids.
Its not that America could not afford good jobs with good benefits and living pensions or that the idea is somehow a failed policy. Its that TBTB want to rule the world and the needs of America and American workers are a vast second place.
Our kids will pay for those lost benefits because our Government pursued policies that not only failed to protect our vital industries they actually inflicted great harm.
Also:
Borat was saying he had a very reliable American vehicle, a Ford Ranger. He was not asking your advice on were to go to get a reliable vehicle. He was making a statement ABOUT a reliable vehicle he owned. Try and keep up please.[/quote]
Scarlet, considering this is your second day, you’re one to talk about slowness. And I’m pretty confident I’m much more educated the the average J6p, particularly when it comes to cars. Anyway, you missed the point
1) GM/Chrysler aren’t building cars a good portion of consumers want. That was the case of declining car sales and continuously losing market share even BEFORE this recession/depression hit. You can look at all the numbers from month after month car sales for the past 2 years.
2) We this recession/depression, which is already trumcating demand for cars overall, GM/Chrysler are even in worse shape because on top of reduced demand for new cars, GM/Chrysler has terrible product mix. It doesn’t matter how much money is thrown at GM/Chrysler. Even if these two produce more cars, people aren’t going to buy more, leading excess inventory. Without cutting signficantly/restructuring production, the only thing a Fed bailout would do is produce a glut of inventory that sits in inventory.
3) If you ever pulled your uneducated union head out of your ass, you would also have realized that for the first time, overseas auto industry for new car purchases EXCEEDED US purchases, particularly china. Your idea for “protectionism” is is ludicrous suggestion, as for instance GM has a huge stake overseas, particularly in China. Unlike here in the U.S. where Buick is a “joke” when it comes considering it a luxury vehicle, it is considered a luxury vehicle overseas with a non-trivial market share. Overseas sales for GM in January exceeded the domestic market for the first. And this will continue, considering american consumers is dirt poor now now that the heloc ATM machines are now dry. And that pretty much explains why a good portion of latest designs which are somewhat decent are from GM Shanghai design studios (including the Lacrosse aka Invecta)…The moment a lot of you union asses start talking about protectionism, guess what? Even less exports, less business overseas, and pretty soon GM’s fallout accelerates even further.
4) The retirement benefits paid to retirees of GM makes GM’s cost structure completely inverted, like a pyramid scheme. It’s not sustainable, without subsidies. And with subsidizes it’s not going put GM in a competitive position that don’t have that baggage. You want to make an argument for cheaper health care costs, fine. That’s something this administration is suppose to be solve for (yeah right). Don’t bundle this into some bailout package for a company that inherently already has product issues, especially if there is no indication that with the bailout money that anything will really change.
Our kids will pay dearly, not from the lost benefits as you describe, but from all the bailout money this administration is through at failed business models/failed businesses in the attempt to avoid an inevitable depression so that Baby Boomers can retire and continue to collect their fat ass social security/medicare/health benefits/entitlements/pensions rather than face their excesses and greediness that got us into this mess to begin with…..at the expense of our kids (my kid’s) future. Either our kids are going to end up paying for your messes with a really high 40%+ tax rate, OR the dollar will have devalued to the point of irrelevance. But obviously, it’s not really this administrations concern or Baby Boomer’s concern or your concern, because you’ll be dead by then and won’t see your kids as an economic slave to the rest of the world. Because some of you Baby Boomer’s gotta have that Bling Bling Escalade….
So yes, I vote for a BK and restructuring, undoing of of all labor contracts with UAW, cutting the fat, and excesses. There is no other option. What’s worse: cut 50% of the workforce, and save 50% of the workforce, or eventually take the entire GM down with 0% workforce? Everywhere else in every other industry is making tough calls, tough decisions. It sucks, but better us then are kids, right? Or are Baby Boomers really that selfish???
