jacamar

GM Slashes Benefits: One Bad Decision After Another

Ok GM is in the survival mode. What do you think pension benefits will look like if GM goes under??? These are tough decisions, but during tough times tough decisions need to be made. The big three are getting killed by legacy costs, too many platforms and vehicels hat people don't want to buy. While lots of maney was made form SUVs/Pickups, did the companies have a stategy for what would happen if gasoline went for $1 to $2 to $3 to $4 per gallon. I doubt it.

We have come to focus on today and tomorrow not next week and next year. Maybe this will bring a awakening in the US that we need to look 1-5-10-20-50 years down the road. I heard yesterday a candidate in Virgina opposed to offshore drilling because it would not yield any revenue to the state untill 2030. So let's wait another 10 years and then the revenue will be seen in 2040. I think we need to start thinking about our children and grandchildren and get our acts together. Hydrocarbon fuel is still king and will be for many years so lets get going developing our resources. Nuclear is next so let's start building plants, they should start coming on line in 10-20 years. All the other nickel and dime stuff we are doing with biofuels, wind, solar are neat, but will not make a dent in demand.

Bottom line is to conserve and to develop new high output energy sources. By they way, lets liquify some coal now that the EPA has agreed to sequestering CO2 emissions. South Africa has been doing this for years.

Sorry for the divergence, I just get tired of people complaining and not getting on with business. By the way what company is for practical purposes sold out of hybrids????