phubaiguy

Thursday Closing Update

OPEC is not increasing and Nigeria can't deliver. It's busy driving season after being cooped up too long and you got more money for gas since you didn't buy a new car. It's not just oil, it's light sweet crude that's running short. Buy what sells this..and unleaded gas.

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

Give companies too much power and eventually no one has money to buy their products. Give employees too much power and eventually no one can make money off them. You guys always fixate on the rediculous amount they pay your CEO and hey I agree but you yourselves make around double what most factory workers do. You Union guys in auto and aerospace have way too much power for your own longterm good. Management will get themselves out of it one way or the other sooner or later guy.


On Nov 10 09:48 AM working at ford wrote:

> The hourly rate is less than 30 per and benny cost about 10 grand
> a year. If these companies go away there is no reason for any employer
> to pay above min wage. How many new cars and tv's can you buy an
> min wage. Mc d's pays almost twice min wage to be able to keep there
> unskilled workforce loyal. Get off your high horse and realize that
> all the benny's you now have are as a result of the unions. Not to
> mention workplace safety rule and labor laws that prevent abuses
> that are in the sweat shops of asia. I don't think many of the complainers
> would last long in a true free market.

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

What the Union workers like at Boeing, the big three, need to think about as they hold out for a ton of money is how little most of the rest of us make in comparison and so many of us have even lost that. We can't fly or buy your cars anymore whether they bail you out or not. I know your CEO's are way overpaid but by today's standards so are you. Granted Unions once had their place here, they did some good for us, then became big business themselves but again guys..we can't buy yours or Japanese new cars for the foreseeable future bailout or not.

GM in the Global Dow - What Gives?

Next we'd be bailing out oil companies and refineries here, Russia, Venesuela, and the entire Arab world would then hate us for the opposite reason. They don't want oil to go crazy like it just did again but they don't want it to go away too much either.