Menu

Home › Forums › Financial Markets/Economics › GM seeks up to $30B in aid, to cut 47,000 jobs

Viewing 15 posts - 106 through 120 (of 476 total)
1 2 3 … 7 8 9 … 30 31 32
  • Author
    Posts
  • February 17, 2009 at 6:32 PM #348896
    Coronita
    Participant

    The new stimulus bill gives folks who buy a car in 2009 that make under $250k/year household income a tax deduction on the sales tax.

    But funny thing is that it doesn’t say you have to buy an american car from a company which the Fed is planning to bailout…

    Hmmmm. Let me think about that one…

    The Fed gives GM/Chrysler a loan.
    The Fed subsidizes new car purchases.

    American consumers decide to buy a non GM/Chrysler car…Fed loses, GM/Chrysler loses, american tax payers loose…But I’m sure Japan/Germany/Korea and everyone other maker of a car company that actually has some desirable product wins…

    Yes this is making more and more sense.
    (Yes, yes, I know toyota/honda/bmw have factories in the U.S. with U.S. jobs).

    Any more brilliant ideas?

    February 17, 2009 at 6:36 PM #348337
    macromaniac
    Participant

    Scarlet,

    To clarify, I was not calling you Stupid…nor would I ever call anyone stupid. We all have areas of ignorance in our lives concerning certain subjects.

    I was simply trying to state the fact that this business model is STUPID and will not work and has always been doomed to failure from the beginning.

    You cannot pay retirees salaries that do not contribute to your current production.

    It is also a fact that Union Auto Workers get paid much more than workers at Toyota or Honda making these firms like GM and Ford bound for the grave…

    February 17, 2009 at 6:36 PM #348654
    macromaniac
    Participant

    Scarlet,

    To clarify, I was not calling you Stupid…nor would I ever call anyone stupid. We all have areas of ignorance in our lives concerning certain subjects.

    I was simply trying to state the fact that this business model is STUPID and will not work and has always been doomed to failure from the beginning.

    You cannot pay retirees salaries that do not contribute to your current production.

    It is also a fact that Union Auto Workers get paid much more than workers at Toyota or Honda making these firms like GM and Ford bound for the grave…

    February 17, 2009 at 6:36 PM #348773
    macromaniac
    Participant

    Scarlet,

    To clarify, I was not calling you Stupid…nor would I ever call anyone stupid. We all have areas of ignorance in our lives concerning certain subjects.

    I was simply trying to state the fact that this business model is STUPID and will not work and has always been doomed to failure from the beginning.

    You cannot pay retirees salaries that do not contribute to your current production.

    It is also a fact that Union Auto Workers get paid much more than workers at Toyota or Honda making these firms like GM and Ford bound for the grave…

    February 17, 2009 at 6:36 PM #348805
    macromaniac
    Participant

    Scarlet,

    To clarify, I was not calling you Stupid…nor would I ever call anyone stupid. We all have areas of ignorance in our lives concerning certain subjects.

    I was simply trying to state the fact that this business model is STUPID and will not work and has always been doomed to failure from the beginning.

    You cannot pay retirees salaries that do not contribute to your current production.

    It is also a fact that Union Auto Workers get paid much more than workers at Toyota or Honda making these firms like GM and Ford bound for the grave…

    February 17, 2009 at 6:36 PM #348906
    macromaniac
    Participant

    Scarlet,

    To clarify, I was not calling you Stupid…nor would I ever call anyone stupid. We all have areas of ignorance in our lives concerning certain subjects.

    I was simply trying to state the fact that this business model is STUPID and will not work and has always been doomed to failure from the beginning.

    You cannot pay retirees salaries that do not contribute to your current production.

    It is also a fact that Union Auto Workers get paid much more than workers at Toyota or Honda making these firms like GM and Ford bound for the grave…

    February 17, 2009 at 6:36 PM #348332
    Coronita
    Participant

    [quote=Scarlet][quote=davelj]As to the auto makers not ultimately having to go through the BK process I have the following suggestion:

    Take a shit in one hand and put all of your hope in the other hand and see which one fills up faster.[/quote]

    Do you have some sort of inside information you’d like to share? Or is it just that you have no faith in our governments resolve to throw as much money at it as is needed?

    UAW jobs are good jobs. Companies that employ people for 100 years, pay them well and keep their pension and benefit commitments are to celebrated not scorned. Most Americans will only come to understand this when their own pension goes bye-bye in a BK.
    [/quote]

    A good portion of the population already do not have a pension, or any guarentees beyond retirement, so frankly that’s probably why a good percentage of folks “can’t relate”…. In fact most of the private sector already works this way, and the only way people survive is through competition and self management/planning. UAW seems to be one of the organizations still holding on to the eutopia of benefits when the market conditions no longer make any sense. Why should my tax payer dollar’s or my kid’s subsidize some retiree? I and a lot of other people in the private sector already have to fend for ourselves in the future for our health benefits, considering how much taxes we are already paying.

    February 17, 2009 at 6:36 PM #348649
    Coronita
    Participant

    [quote=Scarlet][quote=davelj]As to the auto makers not ultimately having to go through the BK process I have the following suggestion:

    Take a shit in one hand and put all of your hope in the other hand and see which one fills up faster.[/quote]

    Do you have some sort of inside information you’d like to share? Or is it just that you have no faith in our governments resolve to throw as much money at it as is needed?

    UAW jobs are good jobs. Companies that employ people for 100 years, pay them well and keep their pension and benefit commitments are to celebrated not scorned. Most Americans will only come to understand this when their own pension goes bye-bye in a BK.
    [/quote]

    A good portion of the population already do not have a pension, or any guarentees beyond retirement, so frankly that’s probably why a good percentage of folks “can’t relate”…. In fact most of the private sector already works this way, and the only way people survive is through competition and self management/planning. UAW seems to be one of the organizations still holding on to the eutopia of benefits when the market conditions no longer make any sense. Why should my tax payer dollar’s or my kid’s subsidize some retiree? I and a lot of other people in the private sector already have to fend for ourselves in the future for our health benefits, considering how much taxes we are already paying.

    February 17, 2009 at 6:36 PM #348768
    Coronita
    Participant

    [quote=Scarlet][quote=davelj]As to the auto makers not ultimately having to go through the BK process I have the following suggestion:

    Take a shit in one hand and put all of your hope in the other hand and see which one fills up faster.[/quote]

    Do you have some sort of inside information you’d like to share? Or is it just that you have no faith in our governments resolve to throw as much money at it as is needed?

    UAW jobs are good jobs. Companies that employ people for 100 years, pay them well and keep their pension and benefit commitments are to celebrated not scorned. Most Americans will only come to understand this when their own pension goes bye-bye in a BK.
    [/quote]

    A good portion of the population already do not have a pension, or any guarentees beyond retirement, so frankly that’s probably why a good percentage of folks “can’t relate”…. In fact most of the private sector already works this way, and the only way people survive is through competition and self management/planning. UAW seems to be one of the organizations still holding on to the eutopia of benefits when the market conditions no longer make any sense. Why should my tax payer dollar’s or my kid’s subsidize some retiree? I and a lot of other people in the private sector already have to fend for ourselves in the future for our health benefits, considering how much taxes we are already paying.

    February 17, 2009 at 6:36 PM #348800
    Coronita
    Participant

    [quote=Scarlet][quote=davelj]As to the auto makers not ultimately having to go through the BK process I have the following suggestion:

    Take a shit in one hand and put all of your hope in the other hand and see which one fills up faster.[/quote]

    Do you have some sort of inside information you’d like to share? Or is it just that you have no faith in our governments resolve to throw as much money at it as is needed?

    UAW jobs are good jobs. Companies that employ people for 100 years, pay them well and keep their pension and benefit commitments are to celebrated not scorned. Most Americans will only come to understand this when their own pension goes bye-bye in a BK.
    [/quote]

    A good portion of the population already do not have a pension, or any guarentees beyond retirement, so frankly that’s probably why a good percentage of folks “can’t relate”…. In fact most of the private sector already works this way, and the only way people survive is through competition and self management/planning. UAW seems to be one of the organizations still holding on to the eutopia of benefits when the market conditions no longer make any sense. Why should my tax payer dollar’s or my kid’s subsidize some retiree? I and a lot of other people in the private sector already have to fend for ourselves in the future for our health benefits, considering how much taxes we are already paying.

    February 17, 2009 at 6:36 PM #348901
    Coronita
    Participant

    [quote=Scarlet][quote=davelj]As to the auto makers not ultimately having to go through the BK process I have the following suggestion:

    Take a shit in one hand and put all of your hope in the other hand and see which one fills up faster.[/quote]

    Do you have some sort of inside information you’d like to share? Or is it just that you have no faith in our governments resolve to throw as much money at it as is needed?

    UAW jobs are good jobs. Companies that employ people for 100 years, pay them well and keep their pension and benefit commitments are to celebrated not scorned. Most Americans will only come to understand this when their own pension goes bye-bye in a BK.
    [/quote]

    A good portion of the population already do not have a pension, or any guarentees beyond retirement, so frankly that’s probably why a good percentage of folks “can’t relate”…. In fact most of the private sector already works this way, and the only way people survive is through competition and self management/planning. UAW seems to be one of the organizations still holding on to the eutopia of benefits when the market conditions no longer make any sense. Why should my tax payer dollar’s or my kid’s subsidize some retiree? I and a lot of other people in the private sector already have to fend for ourselves in the future for our health benefits, considering how much taxes we are already paying.

    February 17, 2009 at 6:37 PM #348342
    Borat
    Participant

    Just sold a 95 ford ranger with 140K miles. We had only a couple of minor problems in 14 years of ownership. In 2007 it had a sensor problem that was hard for the shop to fix, but once they did we were golden. Great truck, sad to see it go but we didn’t have room for it.

    I had a 94 VW, now that thing was a piece. It ran okay but it had so many trim and fit&finish problems it was ridiculous.

    February 17, 2009 at 6:37 PM #348659
    Borat
    Participant

    Just sold a 95 ford ranger with 140K miles. We had only a couple of minor problems in 14 years of ownership. In 2007 it had a sensor problem that was hard for the shop to fix, but once they did we were golden. Great truck, sad to see it go but we didn’t have room for it.

    I had a 94 VW, now that thing was a piece. It ran okay but it had so many trim and fit&finish problems it was ridiculous.

    February 17, 2009 at 6:37 PM #348778
    Borat
    Participant

    Just sold a 95 ford ranger with 140K miles. We had only a couple of minor problems in 14 years of ownership. In 2007 it had a sensor problem that was hard for the shop to fix, but once they did we were golden. Great truck, sad to see it go but we didn’t have room for it.

    I had a 94 VW, now that thing was a piece. It ran okay but it had so many trim and fit&finish problems it was ridiculous.

    February 17, 2009 at 6:37 PM #348810
    Borat
    Participant

    Just sold a 95 ford ranger with 140K miles. We had only a couple of minor problems in 14 years of ownership. In 2007 it had a sensor problem that was hard for the shop to fix, but once they did we were golden. Great truck, sad to see it go but we didn’t have room for it.

    I had a 94 VW, now that thing was a piece. It ran okay but it had so many trim and fit&finish problems it was ridiculous.

  • Author
    Posts
Viewing 15 posts - 106 through 120 (of 476 total)
1 2 3 … 7 8 9 … 30 31 32
  • You must be logged in to reply to this topic.