Auto Bailout Failed, going to be a bumpy day on Wall Street

[hate]

the uaw workers and their greedy leaders sank the big 3.

line workers got lazier and lazier but wanted more and more...like they owned the fucking world..

i witnessed crazy shit in those plants i.e. like a forktruck driver sleeping with his head on the steering wheel for an entire shift in front of the main door/gate, he didn't even give a fuck what that looked like..lol

too many layers of expensive bureaucracy that subsequently produced junk that brokedown alot..

it's well known here in michigan that you never buy a big 3 car that was produced on a "certain day"

...lol

just a wake-up call..

[scared?]

^^^lol moron...

[hate]

where'd your union get you?

[werldhed]

Here's another example:
A lot of blame for the downfall gets placed on the fact that the big 3 have been making shitty cars for years, and the reason they can compete with imports is that their reputation for quality and reliability is not up to scratch.

Who makes a quality car? Motivated workers, I should imagine. UAW members can not be fired for poor performance. If that's not a detrimental business practice, I don't know what is.

[shadd_]

Who makes a quality car? Motivated workers, I should imagine. UAW members can not be fired for poor performance. If that's not a detrimental business practice, I don't know what is.

yeah no way engineers and management could be responsible for quality. workers on the line should be able to bend, shave or redesign a part to fit/work better on the spot when they see a problem.

any worker can be fired. there is a systematic procedure management can use. but yes, when a supervisior cannot fire an employee on the spot because he has one or two bouts of lazyness, that tantamounts to it being impossible.

[scared?]

where'd your union get you?

i wasn't in a union moron...

[hate]

Actually, auto workers get paid ABSURD wages ($100 bucks an hour for manual labor?).

actually ur a moron becuz that is completely not true...

dude you're a fuckin moron for believing what the news tells you..."that it was untrue" lol

it's absolutely true...now it's damage control time..lol

fucking lazy Generous Motors cunts driving 3 full-sized trucks with 2 months off a year vacation all for using a screwdriver badly...

best part about the big 3 is that when the employees stop buying their cars (which is their base)

they fold..


btw, every ad in the newspaper is aimed at employees and thier families ONLY...if you don't work for them you get screwed...and they blatantly fucking advertise that way...so if you're an outsider (99% of joe public) they fuck you



lol@geoff

[HM-PuFFNSTuFF]

http://www.alternet.org/blogs/peek/1095 ... n%27t_die/

As Media Matters and other critics reported last week, it's a conservative myth concocted by totaling all wages, plus health and benefit costs to current workers and 450,000 retirees and their families -- and then deceptively dividing that huge total payout by the number of current UAW workers, about 140,000 in Detroit.

[hate]

don't be fooled by any outside information

it's all concocted and misconstrued to death..


i'm for the 'loan' so others don't suffer


i have spoken...

[AmIdYfReAk]

Actually I think it's more around $40 hr.

My father made around that, and when i worked there, i made around 29/hour.

[scared?]

lol hate is a moron...

[DooMer]

It's a combination of everything. They're inwardly focused companies that only give a shit about the short term. They'll take shortcuts if they think it will save a dime, but end up losing in the long term. They'll always be scraping to get by unless they overhaul the entire way they do business.

[scared?]

they want to pay the workers $10 an hour...without unions thats what will happen...

[scared?]

It's a combination of everything. They're inwardly focused companies that only give a shit about the short term. They'll take shortcuts if they think it will save a dime, but end up losing in the long term. They'll always be scraping to get by unless they overhaul the entire way they do business.

it's less that than it is the economy collapsing and now ppl can't get loans to buy cars...the rich morons r just using this crisis as an excuse to bust up unions...

[hate]

they want to pay the workers $10 an hour...without unions thats what will happen...

that's all they deserve

go to college or start your own business if you want to make more

i have spoken

[shadd_]

yeah the whole problem with the economy is the working man making too much. the ones that actually do something(be it however little hate thinks it is).

the fucking billions and billions paid to top level executives is peanuts compared to the auto workers right?

trillions in bailouts for fucked up financial managers, executives stealing http://news.yahoo.com/s/nm/20081212/bs_ ... off_arrest. the list goes on and of white collar fuckery and greed of monumental proportion.

but lets get on the working man, it's all his fault.

stupid, stupid people..

[shadd_]

they want to pay the workers $10 an hour...without unions thats what will happen...

that's all they deserve

go to college or start your own business if you want to make more

i have spoken

i'm afraid your wrong. now get back to work you whiner.

[hate]

It's a combination of everything. They're inwardly focused companies that only give a shit about the short term. They'll take shortcuts if they think it will save a dime, but end up losing in the long term. They'll always be scraping to get by unless they overhaul the entire way they do business.

it's less that than it is the economy collapsing and now ppl can't get loans to buy cars...the rich morons r just using this crisis as an excuse to bust up unions...

another dumb statement

people who have a good credit score to start with

and that CAN PAY IT BACK...will always get loans

i have spoken

[hate]

i'm afraid your wrong. now get back to work you whiner.

no, i'm afraid you're afraid of the truth...

and i don't work

like geoff

[scared?]

lol hate...wrong as usual on all counts...

[hate]

you're silly with or without your 'sources'

[Dr_Watson]

another dumb statement

people who have a good credit score to start with

and that CAN PAY IT BACK...will always get loans

i have spoken

we just bought a 2009 toyota last month. with 30% down a ~700 credit score; took about 10 min to finance the rest.
risky credit is the only frozen credit.

[hate]

exactly

[Massive Quasars]

A few things.

It's not uncontroversial to observe the inflexible inefficient union-employer contractual web that forms around large long-lived companies such as these. Their deaths offer the dissolution of these contracts, and the burdensome pensions that come with it. I, we, can talk at length about the negative effects to consumers, workers, and economies due to this manner of organization perpetuated by even the hint of government last-resort financing (for however long that might have been priced into operations).

Alternatively, the downward undershoot effect to GDP growth is not an insignificant threat. Studies seem to indicate that personal bankruptcy has long-run effects (psychological and otherwise) on workers' economic decisions. This can translate into a wider risk aversion that may impede future growth.

Bankruptcy law is not my forte, but given the above, I wonder whether these companies cannot have their operations slowly wound down in Chapter 11 so as to avoid catastrophic undershoot and widespread lay offs. I do know that labor contracts are void in Chapter 11, pay cuts can be implemented in stead of layoffs, capital may also be dismantled in a staggered manner. Employees have then the time to adjust their personal finances in accord with pay cuts and/or eventual lay offs. Likewise for intermediate suppliers in the production process. However, if perception sour to this sight, it might not be enough....

Door's always open, Doomer.

[hate]

that's all the loan is meant to do..

allow time to prepare for Chapter 11 in 3-4 months.

it was discussed in the Senate hearings..