Lazaris

Detroit's Big Three and the Democrats' Economic Illiteracy

Of course GM has a lot more retirees than those working you moron!
They have been building vehicles in this country for over 100 years. Toyota and Honda don't have many retirees because they haven't been building vehicles here long enough to have retirees. Most of GM's older workers are leaving and being replaced by $14.00 hour younger replacements.with much less benefits. Ten years down the road, the tables will be just the opposite, where Toyota and Honda will start to get a bunch of US retirees and GM's workforce will be younger and lower payed with fewer retirees. I suppose you want to take the health care from the retirees that punished their bodies for 30 plus years on that assembly line you little pencil pusher?

Let GM Fail

I agree, GM's quality is as good or better than anything out there right now, even Toyota! GM was building the SUV's and trucks that everyone wanted, and they built millions of them. Its not GM's fault that the economy has sunk and gas went to $4.00, and all those millions that wanted that suv or truck ,can't afford to drive it anymore.


On Nov 17 04:04 PM dpro0102 wrote:

> "if maintained by government money, can only churn out even more
> cars that nobody wants or can afford to buy"
>
> Start out with that comment - and it makes you a Moron. Pure and
> simple. GM outsells all comers in North America. Cars that Americans
> are buying. It's funny how we can't stereotype people any longer
> - as it's been proven that - for instance - calling all poor people
> stupid isn't all that truthful. Taking out your wide tipped marker
> and painting all of GM's vehicles as being 'cars nobody wants to
> buy' shows the same sort of stereotyping ,and a lot of ignorance.
> Get over yourself, and stop attempting to pass off your opinion as
> fact. Opinions are most often not fact. Especially in the case of
> yours'.
>
> There are plenty of Americans that want to buy a GMC Acadia. There
> a tons of them that want to buy a Chevy Malibu. Quite a few want
> a Cadillac CTS. The Buick Enclave is selling very well, under 30
> days of inventory even in these market conditions. Their pick-ups
> and Tahoes/Suburbans are the best of their breed. Look at the here
> and now, and not the 90's when trying to sum up GM's product offerings.
> The here and now is impressive.

How to Deal with the Automakers' Crisis in Confidence

General Motors was well on its way to becoming one of the "most profitable" car companies in the world as a result of the 2007 agreement with the U.A.W. Seeking Alpha finally has someone on there staff that gets it. That this mess has been beyond EVERY carmakers control. My only question to you is: What would you do?
Just take away the retirees pensions?

GM Proves There Is an Alternative to Bailouts

This is not about GM..it's about the deep economic recession (depression?) that the world is in. Even Toyota is posting a loss for the first time in decades. Every country in the world is helping their domestic auto industry. Seeking alpha, the southern Republicans and others just want to bust the union..plain and simple.
GM was well on its way in its re-structuring, with historic concessions given by the U.A.W. in the 2007 contract, agreeing to new hires being paid $14.00 per hour..well BELOW not only the "transplant" auto companies but what you can get at any factory, union or non-union, and taking over retiree health care.
Basically the union has already been busted!, They were busted in the 2007 contract., and the fruits of that would have started to been realized in 2010. GM has reduced its work force by 60,000 in the last few years as the old "dinosaurs" leave or retire. By 2010 most all of those with 25+ years would have been gone.
I agree, GM has a lot of "legacy" costs. But that can be expected, GM has been building vehicles in this country for 100 years, and have a lot of retirees. The "transplants" have only been building in this country for 15 years and thus have no retirees yet.
Would you just take the pensions and health care away from all the retirees? The "new" autoworkers will not have pensions and will have reduced health care.
Give the 2007 contract a chance to work its way into full implementation and you will see that the union has already been busted, and that the Big 3 will have a huge Advantage over the "transplants".

GM Bankruptcy? Probability Using Options

The Treasury Dept. believes that beneath decades of financial issues and labor problems is buried an American icon that truly knows how to make great cars.

Doubtful That Chrysler, GM Will Avoid Bankruptcy

Let me remind every one that the 1.1 billion that GM is going to save with the concessions from the U.A.W., is 1.1 billion less that GM workers will be spending in their local communities. The home improvement store, lawn care, doctors, restaurants, entertainment , will ALL see a drop in their business.

GM Bailout Would Be Agony for Taxpayers

What you are saying Benjamin, is that "company Ecstacy" paid there employees very little, gave them no benefits, basically treated them like crap, and made loads of money on the backs of their hard working employees, and you are saying that is a good thing?
I am so sick and tired of hearing that GM's labor force makes $70 per hour, that is such a load of crap, and you know it.
I got another clue for you, GM was building what the consumer wanted...everybody and his brother wanted an SUV or a truck as their second or third vehicle, and GM made millions of them for them. It was not GM's fault that gas went to $4.00 plus and all of a sudden all those people that wanted that SUV coudn't afford to drive it anymore.
The UAW has already agreed to a 50% cut in wages for new employees , and the UAW will be taking over the retiree health care, so GM's labor and legacy costs have already been addressed.
Unions helped create the middle class in this country, which is disappearing just as fast as the Bank Bail-out money is.
When all those autoworkers are making $14.00 per hour, thats all the less that they will be able to spend where all you labor and union bashers work.
All this talk of "don't bailout GM" or "where is it all going to end" is nothing but a not so veiled attack on the workers and the unions in this country.
The Republicans are so bitter about losing the election, that they are going to take it out on labor unions, by blocking a GM bailout.

Aid for the Automakers? You Decide!

I cannot believe that the Republicans are so bitter about losing the election that they are going to take it out on GM , the UAW and the whole country. Why can't they think about the country as a whole just once!
GM built millions of trucks and SUV's because people wanted them! Its not GM's fault that gas went to $4.00 plus and those people that wanted that SUV or truck can no longer afford to drive it. Do all you "green" people want the electric VOLT to die? GM is on the cutting edge of "green" and new technologies!
The UAW has agreed to a 50% wage cut for new hires, and is taking over the retiree health care in 2010.
This mess was created by wall street, GM was well on the way in their restructuring , and they were caught off guard just like EVERYONE was with the wall street meltdown.

GM Reverse Split Creates Problems for Dow Jones

I am so sick and tired of these pundits saying that GM needs to get there costs in line with those of the transplants! GM has been building vehicles for over 100 years! The transplants have only been here in the US for about 20 years. They have No Retirees. You are comparing apples to oranges. You cannot compare a company with thousands of retirees with one that has few retirees. The wages for GM and Toyota have been ON PAR for many years. Toyota needed to pay their employees a "competitive wage" to keep the union out. New GM employees will now be making $14.00 per hour. Toyota will cut the wages of their workers to match those of GM. It is a race to the bottom. It was GM-Ford and the Unions that created the "middle class" in this Country, and the middle class will dissapear along with the wages.

GM Debt Recovery Paints a Scary Picture for Private Investors

The Tax Payers, the UAW and the Government have stepped up to the plate and done what is best for the industry and the country as a whole! Everybody is taking a "haircut' on this. It's time for the Bond Holders to get in the barbers chair and do the same!

GM Execs Fill Up on the Taxpayer's Dime

Yeh, and all the police officers in my town get to take home their police cars and use them for personal use, with all the gas paid for by the taxpayers. I see them driving around town with their wifes and kids in the car, running errands etc...

Texas Governor: 5k Credit for Plug-In Hybrids to Mollify 'Overzealous' EPA

Just another example of "Social Engineering" through taxation,
laws and regulation.

Problems That Detroit Bailout I Doesn't Address

The congress has exacerbated the problem with the whole process of the hearings. People are sitting back and waiting to see what is going to happen. If the idiots in Washington would have just came out a month ago and said that there was No Way they were going to let our domestic industrial base disappear as a result of the Wall street fiasco, supported the Big 3 and encouraged Americans to go out and buy cars..we may not be in the situation we are now in.
But the Republicans are so bitter about losing the election, that the few remaining Repubs want to take it out on organized labor and the regular working people, (for whom they have never done anything for). This whole idea of wanting them to go into bankruptcy is just an attempt to break the Union, and screw the retirees.

GM Bailout Would Be Agony for Taxpayers

Hey John,
Do you think that after the UAW takes over the retiree health care, the wages go down to $14.00, and some benefits are taken away, that the price of that vehicle will go down one dime? Do you really think that a penny of all that cost savings is going to be passed on to the consumer? Dream on, all that cost savings will just go to more CEO pay and bonuses to management and to shareholders.
But you will sure be happy to see those autoworkers take that huge pay cut won't you?

On Nov 16 02:18 PM JohnL wrote:

> Hey lazaris,
>
> Let me get this straight: the UAW pushes up wages for their members,
> fights against right-to-work laws, wants a weaker dollar, tarriffs
> and other trade barriers to hinder the import of foreign cars. All
> resulting in higher costs for the cars that the rest of us Americans
> buy. And this has been going on for decades. Now, when the whole
> scam stops working, you want the rest of us to bail you out? And
> you have the nerve to claim that your union wages have somehow helped
> us all? Does believing that twisted logic help you sleep at night?

>
>
> Thanks, but I can't afford any more of your help.

Better to Let Automakers Go Bankrupt

All the talk about not bailing out the automakers, where is it going to stop etc.. is nothing but another attack on labor and unions.
For your information, the U.A.W. has already agreed to all replacement workers wage to be reduced 50% to $14.00 per hour
and the the union is going to assume the retiree health care liability
(gm will pay into it then they are done with it) so GM's labor and legacy costs have already been addressed.
And when GM, Ford and Chrysler are paying half the wages, do you think ANY of that savings will be passed onto the consumer. The price of that vehicle wont go down a dime. All that savings will go into CEO bonuses, to the stockholders, etc...
But all you labor and union bashers will sure be happy won't you, to see us take that huge pay cut, that's all the less we will have to spend WHERE YOU WORK.
Oh, and by the way, labor unions helped create the middle class in this country, which is disappearing just as fast as the bailout money to the banks is.