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Does the Auto Industry Deserve To Be Bailed Out?

Union workers are far overpaid for the work they perform - any bailout should mandate at least a 25% rollback in wages - eliminate the Jobs Bank, as inb was an example of strong-arming used by the unions to attempt to exact retribution for many years of "forced labor" - the pendulum swung way to far - remember that the worker is not the entrepreneur, he/she did not put their future on the line to start or run the company that provides their livelihood, he/she does not have a college degree, in more case, went to a some training that coulod be completed by someone of average intelligence in less than 6 months, and now earns far more than they should - I worked in factories, helping put myself through college, and I know what goes on - I did jobs that the longer time workers wouldn't or couldn't do - unions systematized and institutionalized laziness and indolence - this must be eliminated

The management should be forced to do their mea culpas - they did not do this in front on the strutting peacocks of Congress, and got their heads handed to them - deservedly so, in most cases - they should explain why they didn't use the TMS 30 years ago, when it was fully available to them - force them to take a written test on The Machine That Changed The World and Lean Manufacturing (same authors) and all books by Eli Goldratt, to see if they have truly learned anything, force them into supplier collaboration, not supplier club-oration, give them some credit for what they have done in the last 10 years - fire Waggoner, as he deserved it many years ago for sanctioning the manufacture of cars no one wanted and continuing to adhere to old, outmoded manufacturing methodologies- as was suggested above, force them all to take wage cuts and repay bonuses paid when the company was unprofitable, including those who are retired, and their trusts, if they are dead - they were truly evil

Give the car companies credit for making better cars than they did when they dug this hole they are currently in - make sure they understand that Kaizen is the only process that should drive every move they make

Force Congress to speak from some level of understanding of where the industry is today, not 10-20 years ago - make Congress control their standard rectal-cranial insertion that dominates all hearing of these types - no one can be this stupid - yes, I guess they can, as they have proven Einstein right (insanity, or in this case, gross stupidity, is doing the same thing thing over and over and expecting a different result

Give them the money, put force all these strictures on them -

Understand that bailout should be only partially repaid, as anything else will hamstring them for a decade, or longer - use common sense (not very common) to understand the facts, pointed out by many over the last month, that the impact of failure by the auto companies and their suppliers will be far greater than $25 billion or triple that, in unemployment, healthcare, etc., - if you think that people will not think many times before buying a car from a company that is in bankruptcy, even reorganization, you have serious thinking process flaws - so, they will spiral into oblivion -

You do not want to contemplate a future where our potential war machine is put into the hands of Japan, China, Korea, and Europe - if you question this, just look back at WWII - this can and will happen again - it is like thinking that the big quake will not happen in California - it may not happen today or tomorrow, but it will happen sometime, as long as their are people who do not learn for their mistake (read George Santayana) - boutique car makers, who spring up from the ruble of the auto companies, would take decades to attain the critical mass necessary to replace this capability

So, think, plan, do - don't ready, fire, aim

Does the Auto Industry Deserve To Be Bailed Out?

How can so many people be so sure that they are right, have opposing views, and each of you be wrong on one or more of your points. Stop making so many shallow comments and think about what you say. Don't allow your alligator mouths (or in this case, fingers) overload your hummingbird brains. Put a little depth into your comments.

Wall Street Breakfast: Must-Know News

GM needs to remember the outcome of the Alcatel/Lucent merger. Putting two failing/bad companies together creates one bigger, worse company. GM has made some positive moves in the recent past, while Chrysler has not and has a stable of poor selling, poorly conceived, SUVs with a couple of good cars and vans. Incrementally, the cash that GM would need to pull this off is just not there. They are going so far as to try to strong arm some local pension funds into buying/re-financing their world headquarters for <half a billion dollars, while they have a negative monthly cash burn rate of $1 billion and cash stores of $20 billion. This is just not right. They have wasted time and resources just talking about this. Let Renault/Nissan buy Ford so that they survive without Gov''t intervention as the major Detroit play. That would help and give Ford viable management. Ghosn has proven he can manage, even in light of some current weakness at R/N.