Who all's watching the "big 3" bailout stuff ??

[6uldv8]

I'm kinda mixed on the" big 3" and thank God I'm not in a position to have to decide anything really important cause I'd suck.

The lives effected if they fail will be tremendous when you consider the trickle down to the associated companies...it boggles the mind to even try and think of every business associated one way or another with the auto industry. I'm not sure there is a single WORKING individual in the country and a majority of the world that won't feel it if it goes badly.

BUT! I think everything we've mentioned here (management---poor management....unions....marketing...etc) is what put them where they are and I'm not sure that a big collapse isn't just the thing to straighten it out.

 

[blacksheep10]

I'm mixed on it. that 150 bil loan is a drop compared to fat, waste, and aid thrown in the last year or 2.
Thing I like about dems, they want more gov't, get away from the capitalist ideals. more gov't and rules breed inefficiency, waste, and corruption. if robots ran a bureaucracy, there would be no corruption. unfortunately its humans.
a union is an awesome example of a failed bureaucracy

 

[BamaTJ]

A bailout just lets them off the hook for all their fawk ups. It's like a kid, when are they going to learn their lesson. I think when they have to file Chapter 11 and start over they will learn they fawked up and change. Until then we are just keep a sinking ship afloat. It comes down to lack of management and leadership. I mean it does not take a genius to figure out that if you make a $3k loss on every automobile you make then you need to change some ****. I mean come awn, that is just stupid

 

[blacksheep10]

reorganization.
wyatt, your company still in bankruptcy and operating and growing?
liquidation would be horrible for most domestic auto owners with newer cars and all the employees.
lay some of the fat off.
bring in a new work force (impossible almost, but hey, its possible if its sink or swim) that's not unionized made mostly of the old union workers.
the ****ing 70K or more buy outs kill me.
wow. you worked like 3 years and now we dont' need you. instead of the good old fashioned, "don't let the door hit you", its "here's 70K for you trouble in CASH :

 

[6uldv8]

AND....it's not like their troubles just started during our current economic crisis....hell, GM's been headed South all my life....they just see a bunch of Gov't money being handed out and they want it!

I will bet you one thing.....if this gets debated very long or voted down.....GM will pull the plug on a shitload of people and facilities just to prove their point!

 

[InDaShop]

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[muchado]

they won't need to work----they elected Obama

 

[caglezxj]

my company emerged from Chapter 11 Re-org in January. It was rough, two years. No dollars anywhere, for anything, and now we are out, its even worse.
We've had the best 2 quarters the company has ever had and you'd still think we are barely scraping by.

Ours was a product of at the time, borrowing for power plant builds based on futures pricing (simple terms here). The market collapsed with Enron, and all the money out there ran and got away from energy anything for several years. Everyone struggled. We were just leveraged too much and it hamstrung us.

Flash forward to 2008. The market is dumping money wheelbarrel after wheelbarrel in to energy so we are on our feet, pretty good credit, and lean and mean. But no extra cash for ****.

But we are no Big 3. If they collapse, you are talking about supply chain failure. All of there parts suppliers with file for bankruptcy with in days, some the same day. Replacement parts will stop being produced. You will soon have all domesticly built vehicles in the US unable to gets parts for them.
So Matt that nice new Dodge truck you have. How would you like to try to find any part on it if the person who makes that part is no longer in business?

Punish the Big 3 for bad business? Come on now! Seriously? If they file bankruptcy Chapter 7 or 11, you will see a 15% or greater jump in the cost of foreign made vehicles, and the domestic parts will vaporize practically over night. And the value of any domestic vehicle on the road goes to near ****.

You want to cripple an economy, think about 30 million americans unable to get to work because they can not maintain their modes of transportation.

I agree to some point. But honestly I have been keeping up. The Big 3 does need a restructure. I work for Toyota Motor Mfg. As we are all struggling in the auto business the companies that are hanging in there right now is the ones without all the additions of UAW, all the retirees and so on. GM has been around for a long while and they pay and paid huge amounts to the workers and benefits. They have more retirees than any other company I believe. I know the 25 billion will not help the big 3. Why? Well unless they don't restructure it will still be blown out the door. I would say if they agreed on a restructure and contract on it that I would agree with the bail out. Who knows what this world will bring all of us. I know I bust my chops, work a day job and own my own small business. Who is going to bail us out? If I couldn't pay for my house I would be out there thumbing , cause they are not going to help us out. It really bother me what one guy said at work. He said the government was looking at raising gas to 3.00 3.50 it will be a variable rate that will help pay for the bail out. I think the government would have a world wide fight on their hands if this happens. As if they can't see the gas price's caused all this to be uncovered. Raise the price up and more people will stay at home and save what they got.

 

[race_jeep]

I didn't raise ya son, but glad we share the same ideas. You want an Atari for Xmas? laughing1

F that atari, i want a fawkin playstation 3 :afro:

 

[Cole]

People want a union here at Mercedes, and I don't understand why, if we were union we would be laid off right now, there wouldn't be any yall hang around until we see what's gonna happen, unions are just bad for the company, and that makes things bad for you

We are Union at BFG and I don't like the way they do things nor do I agree with them but Come Monday there will be a total of 370 people on voluntary layoff making 80% of there pay for doing nothing but sitting at home. Hell most people have side jobs so they aren't losing anything. If we weren't Union then that wouldn't happen nor would I make as much money.
Like I stated I don't agree with the Union and there ways just telling you whats happening at our plant.

 

[race_jeep]

ive never been union, I just hear what the pro union people say, and anti union people say, but I really dont see how we could really have it any better than we do, we have it made

 

[P]

AND....it's not like their troubles just started during our current economic crisis....hell, GM's been headed South all my life....they just see a bunch of Gov't money being handed out and they want it!

I will bet you one thing.....if this gets debated very long or voted down.....GM will pull the plug on a shitload of people and facilities just to prove their point!

I agree , they are looking for big bank because they know its out there... Hey Im straight up about my dislike of UAW and if GM chose to shut down some plants, trim some fat and get on there own without Uncle Sam I'd be a happy consumer. We get exploited on a daily basis with to many damn things we depend on. It pisses me off that a base model car is so damn much money so we can fatten up UAW and some corp. douche bags. And be of lesser quality then some foriegn car. GHEY

 

[Cole]

ive never been union, I just hear what the pro union people say, and anti union people say, but I really dont see how we could really have it any better than we do, we have it made

I agree yall don't want a Union. I was just saying that the people layed off at work are still getting paid.

 

[P]

I agree yall don't want a Union. I was just saying that the people layed off at work are still getting paid.

Are you 100% sure its going to be 80% pay for being Union ? I guess unions very on all that kind of stuff hell I dont know... what do you pay for monthly "dues"

 

[Cole]

Are you 100% sure its going to be 80% pay for being Union ? I guess unions very on all that kind of stuff hell I dont know... what do you pay for monthly "dues"

Yeah they are getting 80% total pay. They get unemployment plus Sub pay which equals 80% of there gross pay. I am sure of this because my Dad took the voluntery layoff.
We pay weekly, I pay around 16-20 dollars a week just depends on how much I made that week.

 

[P]

Hell they could sell off this Challenger ( not really used A/C market has fallen apart as well... LOL ) and get a head start with several millions of dollars for the plane and 100's of thousands saved not flying that **** around . laughing1

http://cosmos.bcst.yahoo.com/up/player/popup/?cl=10744823

 

[P]

Yeah they are getting 80% total pay. They get unemployment plus Sub pay which equals 80% of there gross pay. I am sure of this because my Dad took the voluntery layoff.
We pay weekly, I pay around 16-20 dollars a week just depends on how much I made that week.

10-Fo, I dont know many specifics like that, thanks.

 

[80toyota]

Just found out today the company we do contract work for will be cuttting 70% of all contract crews .I've been in Atlanta 10 years on this job + will going to Tuscaloosa, Monday. SOUTHERN COMPANY

 

[wngrog]

Well I for one agree Unions have gone to far, but they were brought about to protect the worker. I dont feel they've done anything really unjust as long as you look at it from the standpoint of protecting the worker.

That however has made us uncompetitve with the rest of the world. We cant compete wage for wage with anything on the western Pacific Rim. Come on!

Where does this end? Letting the big three fail is just another sign the US is not a super power anymore we are flailing and falling fast.
I recently read a report that the standard of living Americans are living right now today is the best they will ever do, we are at the top and its over.

Lawyers and Human Resources will take care of the American worker. We don't need the Unions to muddle it up further.

Wyatt...you guys provided power during Chap. 11

I fly on bankrupt airlines every month.

Bankrupcy allows them (if they want) to ditch the UAW.

They won't do it, but it lets them do it.

Obama will give them the bailout in February.

 

[InDaShop]

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