Toolman

Paulson's Message to Detroit: Drop Dead

Open the driver's door of a "domestic" auto sometime and read the sticker on the inside of the door edge, "Assembled in Mexico". The Ford truck plant in Virginia has been shut down to move the assembly process to Mexico. MANY of the parts are made overseas, which only takes American workers out of the job, THEN the American auto industry can ensure that "mean time to failure" is maintained because they're made with lower quality.

Chapter 11 does NOT mean going out of business, it essentially wipes their slate clean of debt. There will still be American car companies, they will still be supported in the parts bins, warranties honored, etc. Employees being paid upwards of $25 an hour does not instill any pride in the job they do, it's just a paycheck every two weeks. The caring that goes in to the product that they're rolling out is gone. Why? Because the UAW has taken the intent of unions to a new level. Unions were formed to watch out for the safety of the employees, not to tell the company how to run their business. It's like paying millions of dollars to "professional" athletes to play a game, the public pays for it in the long run because their tax dollars keep the stadiums up and their dollars foolishly pay for the tickets, but THAT'S another blog all together.


On Nov 19 08:10 AM User 301276 wrote:

> Looks to me like the government is going to let them go into bankruptcy.
> Comments were made that a lot of the parts in cars are made overseas
> anyway, which is somewhat true, but not a majority of the parts.
> That aside, so we let them go bankrupt, and then we have zero, no
> US based auto companies, only foreign car companies. Then we will
> complain that there is no competition and we are sending money overseas.
> Ok, fine, go ahead, let them go bankrupt and see what happens with
> what will be a huge experiment.

Paulson's Message to Detroit: Drop Dead

I just read another article and really had to laugh. The subtitle of the article read "Higher car prices, the end of incentives and vehicle shortages could occur if GM and other Big Three automakers don't get a bailout, according to experts."

What a load of BS! Have these "experts" left the confines of their cubicle lately? Shortage? Drive past a dealership sometime. Higher car prices? It's MUCH more advantageous to buy a good used car these days, as opposed to a brand new car losing up to $5,000 in value as soon as it leaves the lot. Shop around, don't buy brand new. And dealer incentives??? Please, the "BIG 3" seem to be in the farming business, raising sheep, because they certainly have gone out of their way to pull the wool over EVERYONE'S eyes.

The author of that article, and the apparent experts that were quoted, were fearful that we would see a flood of foreign cars hitting the streets of America. Wake up people, "domestic" cars are PRACTICALLY foreign cars any way! Made in Mexico, Made in Canada, Made in China is prominently stamped on most of the individual parts of a "domestic" car.

Do you really want to reward the "BIG 3"? Throw them a bone if they truly work to bring American jobs back to the US. Imported parts have done as much to hurt the US consumer, not to mention the unemployment rate, as the UAW has done.

Paulson's Message to Detroit: Drop Dead

There are two underlying messages in this. 1) A bailout of American auto makers means a bailout of the UAW, and thankfully, they're NOT in favor of that. 2) Perhaps if these 3 "businesses" weren't sending all their jobs overseas, the argument about saving American jobs would hold some water.

File Chapter 11, and instead of re-tooling, they can re-open the doors to employees that WANT to earn their paycheck, not have it handed to them under the protective umbrella of the UAW.

UAW = Mob of the 21 Century = Organized Crime