farmer448

How Unions Destroy Shareholder Wealth

As an investor you shoould be more worried about what you can control. The board of Directors and the Chairman of the board have done such a wonderful job representing the small investors interests.

So if you are to rant, rant about your representatives not labors.

How the Government Should Manage GM and Chrysler

I don't know whos on first or second or third in this argument. The only thing that makes sense to me is the Directors and the Top Management should personally guarentee the loans. It is time they put real skin into the game.

The UAW skin is they will lose jobs.

The only issue I never see addressed is the outdated dealer issue. We just had an expose here in Houston where finance officers were getting kickbacks for the dealership.

Unfortunatly we have a lot of political chiefs and not enough leaders in the top ranks of the auto companies.

PS Chrysler is run by bean counters. I would write it off.

GM Must Die

So to all those who say unemployment is the reason to bailout the auto industry I ask you this:

If consumers are not buying cars (see latest sales declines) how is a bailout going to increase sales?

Without increased sales the unemployment rate in the auto industry are the everyday white collar/bluse collar workers going get laid off anyway?

So how will the bailout help the auto-industry to restructure? This is not like the Chrysler bailout. It involves the whole US auto industry not just one Company.

So the US Auto Industry is going to shrink like it or not. So how can government best help in realigning the workforce that is no longer needed?

In my graduate Economics course the first and most impotant lesson we were taught is TINSTAAFL. "Three Is No Such Thing As A Free Lunch".
Much of the argument I have heard is pure hype and not backed up by data. The US auto industry has been in decline and while the medicine is harsh maybe it is time to restructure.