Big Dumb GUy

Let's Hope the Auto Bailout Has Failed for Good

Actually sir, the $70,000 figure came straight from the mouths of two auto workers who were being interviewed on a national news program not very long ago. Perhaps those being hired in start at 60% of that salary... but there are those who work for the big three who make 70k and more. My point is that present discussions for rescue have halted because of the big 3's refusal to negotiate a salary reduction. Regardless what they presently make - 70k or 40k, it is more than A LOT of other people in this country, and considering our present economic crisis - they should really consider negotiating for lesser pay for one obvious reason... to keep themselves alive. If they are too blinded by their own greed and ineptness to create a worthy vehicle, one which is competitive in today's market... then I say too bad.

The economic crisis is at hand, and considering it is completely and entirely global, its ugly consequences will penetrate all of our lives from every angle - you can bet your last dollar on that.

Relatively speaking, whether or not the big three make it... their fate is similar to that of a gnat hitting a windshield at 55 if they do not change their ways.


On Dec 12 08:24 AM Derrik D wrote:

> Get the facts straight:
>
> The UAW make avg $48,000. (Toyota around $43,000)The $70,000 figure
> is for loading the legacy costs of pensions health care etc etc etc
> on the current much smaller workforce.
>
> New employees are hired at around 60% of that. Wage parity with foreign
> owned plants is only a couple of years off the problem is legacy
> costs.

Let's Hope the Auto Bailout Has Failed for Good

I cannot believe that anyone considers $70,000.00 a year in salary non-negotiable. What the heck has everything come to? I cannot believe that tax payers want to actually support these failing companies by the BILLIONS of tax payer dollars. What happened to the rise of capitalism? Obviously it has been reduced to socialism on the way down.

It's bad enough that there isn't any transparency with the Trillions of dollars that are being poured into (someone's pockets) America... what are we supposed to do now... let the rest of America keep struggling just so the employees of the big 3 can continue to work for amazingly high dollars? Yeah, whatever. If they cannot take a decrease in pay, screw them - let them eat bread and draw unemployment like the rest of us.

I couldn't agree more with this article. Let them fail and as capitalism works, someone else will pick up the pieces and create a manufacturer that competitive and creates worthwhile autos.