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  • Slamming the Brakes on GM - Barron's [View article]
    When the trade deficit stops including oil imports in it's numbers, then I'll start paying attention to it. Until then, it's a compromised number. Getting back to the US carmakers, the main problem is that for many,many years they were paying high school dropouts $90,000 a year to screw nuts on bolts. And then a lavish pension based on that inflated paycheck. No wonder the big three carmakers are failing. Greedy unions gutted these companies and the companies caved in every time they were the "strike target" that year when the UAW contract was up. Don't tell me I don't know what I'm talking about, I've been around for a long time and got older and wiser.


    On Nov 09 12:45 PM Mister Jimmy wrote:

    > Dave M, your comment "I would think that parts suppliers sell to
    > them to" is remarkable. Before you suggest something that could have
    > devastating consequences, understand what you're talking about. As
    > far as us feeling no worse for wear on the failure of the U.S. TV
    > manufacuring industry, have you checked the trade deficit lately?
    Nov 09 18:19 pm |Rating: 0 0
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