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c2105026

What Now For Detroit?

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You would have to read their contract to verify if the UAW workers are getting too much money and too many benefits.

I am sure the workers feel that they deserve more money and even more benefits.

It is always management against labor and the unions are the negotiating mediums.

If they have too many vehicles on hand, then the price will drop and they will get sold - eventually.

The market determines if the price is too high or not.

I don't believe in the bailout, but it may be the way to go.

I think the auto makers need to change how they do business and start making a profit.

Then they can pay the government back and eliminate the debt.

I don't want my taxes to go up, just so I can help pay for their mistake(s).

I also don't want to leave my kids or grandkids any big debt to have to deal with.

Let's get the system straightened out so there is a better present and future

Edited by Bikeman982

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I hope your wrong about this and they are willing to allow concessions. One doesn't need a doctorate to understand that it's different this time. Count cars sometime during your commute. There aren't many American cars on my 2 hour round trip commute.

 

......I am sure the workers feel that they deserve more money and even more benefits.
Edited by TRCar54

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There is no justification for bailouts from federal government.

Let the market decide. It will right itself after a bit.

You want competitive companies, let them succeed on their own merits, by attracting customers.

I know it's hard to imagine such iconic integral auto manufacturers kicking the bucket, but hey, these things happen.

Failure may be painful to those involved, but it creates opportunity. New and surviving competitors will expand like crazy. Woot, more jobs.

 

Believe me, you won't want to purchase products from companies not allowed to fail. Pleasing consumers won't matter to a company getting cash infusions from federal government. Its livelihood doesn't depend on your purchase, just milking government.

 

 

For once I'm siding with liberals. Only difference is, they want America to fail, in general, whereas I want America to compete.

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Ghost, for once I agree with Mitt Romney - let 'em go into bankruptcy and reorganize.

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Pretty obvious that Ghost and Maqx do not work for tha uato makers.

What they say is true - but at what cost to jobs and the economy (and the country)??

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One thing we must all remember with regard to the bailouts, in general, is that they are being done as part of a socialist agenda. The whole point of them is to get the government involved in private industry as much as possible, in order to secure the position of the government as the ultimate arbiter of literally everything that happens in the lives of the governed. This is definately not the American way. This applies to the bailouts of the automotive industry, particularly with respect to the government's intention to impose severe environmental standards on all vehicles produced in the future. I's the Global Warming hoax run amok -- and we will all be paying through the nose for something which should, and could, be comparatively affordable in the future, if only the marketplace was allowed to do the deciding instead of government bureaucrats who only wish to cement their positions of power, and have as much control as possible over our lives.

Edited by Larry Roll

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Ghost, for once I agree with Mitt Romney - let 'em go into bankruptcy and reorganize.

 

You notice that the only ones saying bankruptcy isn't an option are the UAW.

 

They claim that no one would buy a car from a company in bankruptcy and that is why it can not be done.

 

Seems like a conflict of interest doens't it? I mean of course they would say that because they know that their contracts would be the first on the chopping block.

 

If I were GM, I would not consider bankruptcy yet. Instead I'd demand concessions and let them go on strike, closing the plants in the process. GM has enough days cars on hand to outlast the UAW's strike pay and could finally break this ugly cycle of the UAW holding out and GM caving to their demands.

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