[quote=SD Realtor]Aside from FIAT, (which by the way I think either Chrysler or GM paid a serious lump of money to GET OUT of a deal with them) the biggest scare to me is that this is our government. Seriously our government and the united auto workers union running a company. GM is not far behind.
Seriously, does anyone think that if the government would have let the company reorganize without any intervention that things would not have taken care of themselves.
Does anyone really believe the company will operate efficiently now with the owners? Lets see… medicare, social security… hmmm… call me skeptical but I don’t believe the government can even run themselves efficiently. Does anyone really believe that they and the uaw will run the automakers successfully? Doesn’t anyone have any concerns at all that the entity WE ALL PAY OUR TAXES TO now runs an auto firm?
Seriously… this is scary sh-t to me. [/quote]
You know what scares sh-t out of me – that we Piggs could have more common sense than all the Harvard masters grads. Rick Wagoner, Harvard Business grad, testified in front of Congress just months ago that he thought car sales could average 15, 15.5 million annually with financing was “normal”. Sales rate was under 10M last month. After massive spike due to housing bubble, Rick didn’t think that auto sales could (or should) go below trend for a while?
BTW, I’ve been hammering at UAW since the 1998 GM strike when management caved. Again in 2002 when big three caved in to UAW with NO demands. I have been warning of this problem for 11 years, so no one get to blame me since I didn’t have Rick’s job.
