ebworthen

Cramer's Stop Trading! Save General Motors (11/7/08)

The UAW and other unions killed the U.S. auto industry.

You can't pay $36 an hour and full benefits and a pension to someone using a rivet gun and expect to compete.

The Asian manufacturers moved into the Southern states where there was 1. A better work ethic and 2. Reasonalble taxes and labor rates. The people in the South were willing to do good work at Toyota for $17 and hour versus Wal Mart or Piggly Wiggly for $7 an hour, why not?

The midwest and northeastern states were controlled by tax and spend Liberals and union bosses that demanded unrealistic wages and crippling taxes.

GM didn't move out of Detroit is the problem. GM didn't get lean and mean with their manager and executive pay; they stayed in the cigar smoking, union and politician pleasing past and built inferior products.

Too little, too late.

I'm patriotic, but I'm not spending my hard earned money on someone else's largess.


On Nov 09 02:25 AM Vdogg wrote:

> America destroyed GM. When GM, Ford, and Chrysler re-developed their
> SUV's in the late 80's early 90's, Suburban, Blazer(Tahoe), Bronco(Expedition),
> Ramcharger(Durango), and their other highly gas consuming vehicles,
> the American public decided that these were a must-have for nearly
> 1 in 4 driveways in America. This wasn't The big 3's fault, they
> mearly marketed them to hold or grab a bit of market share from their
> counterparts inside of that consumer market. With the sudden surge
> of sales that these "beasts" created they were forced to shift focus
> to appease the wants of the American people. The people demanded
> more SUV's and light Trucks, so the Big 3 made them. Profits were
> good on these vehicles and customer demand never wained until the
> gas and economic crisis we have today.
>
> Asian rivals begin to look like the big saviors because they never
> shifted focus from what they intended to present to the American
> people. Affordable transportation. That was it!!! Give the Americans
> quality and affordability, and if they want it they'll buy it. Remember,
> Asian manufacturers were continentally diversified by the 70's. It
> was just a different marketing approach for them. They wanted to
> provide transportation for the world. The Big 3 wanted to satisfy
> the people that helped invent the car culture, the American people.
> So who really let who down here? The ones that demand auto's on the
> flip of a dime, or the ones that try to provide them? In the 70's
> and 80's America said Asian cars were POS, we want American steel,
> then said they want bigger, more powerful vehicles, and YOUR Auto
> manufacturers resituated their ideas to provide you that. And now
> you tell them to burn in hell, it's all their fault. Nice...
>
> On Nov 08 07:33 PM XeroJ. wrote: