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Ccns23 wrote:
Actually the unions were willing to compromise and stayed late into the night last week to try to get something resolved only to have a handful of republican senators beat it down. The UAW wasn't about to take the full blame for what has happened to the US auto industry and rightly so. If Porsche declared bankruptcy your telling me you would still buy one? I wouldn't! People are buying cars and trucks right now just at a much reduced rate. If they declare bankruptcy we save nothing, at least 1.5 million and maybe more will lose their jobs. 1.5 million people who will collect unemployment, 1.5 million people who will not be paying income tax. What this would do to the rest of the economy would be devastating. So what will we save? I've traveled and spent some time this year in Michigan, Indiana, and Ohio, I know first hand what the auto industry means to those people.
"Don't waste it on crappy union pensions and health care." Little harsh aren't you? How would you like to work for a company 35 or 40 years and have what was won in negotiations just go "poof sorry, it's all gone". That's the mentality that's going on here? You posting reminds me of some people I have met with who couldn't understand why a trash truck driver in my area makes about 65K a year and the collector (the guy on the back) makes about 40K. "These guys have no education" "Anybody can do this I can't believe they make that". My reply was " so why don't you apply for it and see how easy it is".
Have a little compassion my friend, don't be so jealous of a UAW worker or anyone else. Oh and yea it is a loan and the last time we did for a auto maker namely Chrysler we were paid back and then some!
Quote:
But I don't think they should be bailed out. Let them go into bankruptcy. Renegotiate union contracts. They say that people will be worried about buying a car from a bankrupt company. Uh, news flash idiots, no one is buying your cars now!! Restructure and come out stronger. Don't piss my tax money away on a corporate retreat or bonuses. Don't waste it on crappy union pensions and healthcare.
Or, since this is techinally a "loan" do we as taxpayers get to share in the revenues from the interest we should be charging? Or is this an investment and when the market rebounds will we be getting a check for the dividends/profits?
Actually the unions were willing to compromise and stayed late into the night last week to try to get something resolved only to have a handful of republican senators beat it down. The UAW wasn't about to take the full blame for what has happened to the US auto industry and rightly so. If Porsche declared bankruptcy your telling me you would still buy one? I wouldn't! People are buying cars and trucks right now just at a much reduced rate. If they declare bankruptcy we save nothing, at least 1.5 million and maybe more will lose their jobs. 1.5 million people who will collect unemployment, 1.5 million people who will not be paying income tax. What this would do to the rest of the economy would be devastating. So what will we save? I've traveled and spent some time this year in Michigan, Indiana, and Ohio, I know first hand what the auto industry means to those people.
"Don't waste it on crappy union pensions and health care." Little harsh aren't you? How would you like to work for a company 35 or 40 years and have what was won in negotiations just go "poof sorry, it's all gone". That's the mentality that's going on here? You posting reminds me of some people I have met with who couldn't understand why a trash truck driver in my area makes about 65K a year and the collector (the guy on the back) makes about 40K. "These guys have no education" "Anybody can do this I can't believe they make that". My reply was " so why don't you apply for it and see how easy it is".
Have a little compassion my friend, don't be so jealous of a UAW worker or anyone else. Oh and yea it is a loan and the last time we did for a auto maker namely Chrysler we were paid back and then some!
Past RTR member