Debbie D

Options Trader: Wednesday Outlook

Negotiatiate with the unions for lower wages, are you crazy. They need to sell those jets, cut out vacations and all the big spending, If they would have managed their money better, they wouldn't be in this mess.


On Nov 19 11:47 AM David White wrote:

> Bodman was quoted as saying that some financing for the automakers
> should be in place by the end of this year. Perhaps this will assuage
> the markets a little bit. Still we haven't heard anything about the
> car companies negotiating with the unions to lower wages. In light
> of the current troubles, it would seem appropriate. Still such action
> has not taken place. Perhaps the automakers are simply afraid to
> take on another battle at this time? I think it would be a big plus
> in the eyes of the Congress if the car companies were to show some
> indication that they were trying to rein in what many consider to
> be exorbitant costs.