Jack B.

Better to Let Automakers Go Bankrupt

AMEN!!!!


On Nov 14 01:28 AM lazaris wrote:

> 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.

Better to Let Automakers Go Bankrupt

I think that everyone is missing the point that GM was and is downsizing and reacting to the market place as quickly as possible. Do not forget that they will be able to hire new workers at $15.00 an hour with no benefit costs. That should drive Toyota nuts. Also did anyone forsee the BIG RIPOFF GREEDY OIL COMPANIES DRIVE GAS UP TO $5.00 A GALLON?? Any of you out there that really think all of the nonsense that the oil companies have done for the last 10 years is really for real. Ever wonder why $2.20 a gallon would go up to$3.20 in a week because a Fly sneezed in a refinery??THERE IS NO SHORTAGE OF GASOLINE. WE ALL HAVE BEEN DUPED. I used to be a die hard republican(as is most of white collar GM) I also was a UAW member for 6 years until I went into management with GM. and Now I am all in favor of letting the govt take over the oil companies. Also for the last 30 years that I worked for GM, Management was ALWAYS supporting the Republicans. How intersting that the Republicans are turning their backs on GM but are Throwing Billions at the banks and AIG so that their execs can get big bonus's and AIG can continue to throw big parties. Larry, how pompous of you to decide that the auto workers make too much money and should sacrifice their retirement benefits?? How many millions do you make Larry??? Are you corrupt like the rest of your breathen??? How would you feel when you are retired and a person like you wants cut your retirement in half. By the way Larry most retirees make $800 a month, how much did you want to cut. You sir are a BIG JERK like all of your other Republican friends. You denied GMAC any money because its not a bank. That caused GM to not be able to finance any cars or do leases.( I lose at least 5-6 customers a week because we cannot lease. I agree that GM has made many mistakes, but have you looked at their cars?? Malibu, CTS, ALL WITH TREMENDOUS QUALITY BUT its OK to help American EXpress??????What kind of bank are they??I am sure all of you baffoons will be cheering when GM goes under. WHen that Happens, I suspect that this country will go beyond a Huge depression and I do know for sure The Republicans will have caused this and will be voted out of office. After all, they and their BEST friends in the oil companies have destroyed this country. They are selfish,greedy,corrupt and deserve to have lost this last election.Everyone of you Americans should be ashamed that you have let big oil and the republicans DESTROY THIS COUNTRY. WHERE IS GAS GOING NEXT $12.00 A GALLON, DOES THAT NOT BOTHER YOU AT ALL??? IT SHOULD.... GOD BLESS AMERICA AND DAMN THE REPUBLICAN TURNCOATS...thanks for listening The GM Kid- a Decorated Combat Vietnam Veteran and 30 great years with General Motors...


On Nov 14 12:15 AM bs_o_meter wrote:

> GM and F must reorganized under bankrupcy. if Pelosi and company
> allow loans to the auto industry without management and union changes,
> this will be just one more nail in their coffin for the next election
> as they will be staking their political careers on the Volt's success.
>
>
> Voters are already mad. They have had enough of the Bush failed approaches.
> If whatever they do does not work, the voters will be in no mood
> to forgive.
>
> My suggestion is for them to tread softly.