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On our tax dollars bailing out GM.. Here's a Huffington Poster I can agree with...


Huffington contributor Ricky Van Veen shares a conversation he had with his dad....

]LINK FROM THE HUFFINGTON POST

Here's the email conversation I had with my father today, in case you're interested hearing a somewhat inside perspective.

Me: My take: take it to bankruptcy, pay the creditors, reorganize. No point in throwing money at something that's broken.

Dad: Not as easy as it sounds. The late great USA. Dems owe the unions for votes. Reorganization has already been implemented. Legacy costs and union benefits costs are astronomical for Ford and GM. Toyota pays about $47/hr per employee, GM about $80/hr in salary for people WORKING NOW. Health care and retirement benefits are killers for US auto plants, not Jap plants because they are too new for retirees.

Which Democrat is willing to tell the unions their negotiated contract is void? Not Obama. He's too smart for that.

Me: Well, he's got a smart team of economic advisers assembled. Hopefully people like Warren Buffet and Larry Summers can explain the reality of the situation in clear terms. GM is a health care charity. It needs to turn back into a business.

Dad: Your point that GM is a health care charity is exactly correct. When companies are businesses they do well and make money and everybody thrives.

When I was a kid all my health care costs were provided by GM, never a nickel out of my parents' pocket. GM was referred to as Generous Motors.

Our country lived in the immediate post-war era which is almost incomprehensible to people today. No foreign competition (it's hard to make stuff when someone is dropping atom bombs on you).

Our country had a surplus of everything. A 4-year old car was usually in the junk yard or sold to used car dealers from the South. They called it planned obsolescence. All natural resources imaginable.

So the unions said we want more and we really don't want to work and you can't really fire us or we will strike and you will be out of business.

I know -- I was there on the production line turning out crap as a member of the union.

So the companies treated the unions the way the drug dealer treats a high priced lawyer - merely a cost of doing business. All were happy for a while.

But as you know that scene did not last forever. But both parties lived in never never land and pretended that all would be OK forever.

The government did not help matters either.

So here we are today watching the birth and death of a country and its industrial might. Maybe we are all to blame and just can't see it.

Maybe we became too successful and greedy and lazy. Of all the millions of people you know, do you know of anyone who works in an auto plant or in any capacity where they actually make something?

Selling insurance and stock to each other doesn't count.

The joke in Russia used to be, "We pretend to work and you pretend to pay us."

Maybe our joke should be, "We pretend we WANT to work and you pretend to WANT to pay us."


Now, Americans are supposed to bailout (give cheap loans to) another failing industry???? This will, of course, reward bad behavior.

No one wants to see GM die, but does it deserve to live?

Last edited by JimDuncansGhost, 11/15/2008, 5:34 pm


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"We hang the petty thieves and appoint the great ones to public office." -- Aesop
11/15/2008, 5:08 pm Link to this post Send Email to JimDuncansGhost   Send PM to JimDuncansGhost
 
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Re: On our tax dollars bailing out GM.. Here's a Huffington Poster I can agree with...


Personally, I don't believe ANY business in America... from Airlines, to Banks, to the Stock Market.. or the Auto Industry should be "bailed out" by the Federal Government via my tax dollars.

They should ALL sink or swim based on market economics.

That being said..

It will be interesting to see if the same hypocrite leftists who railed against imaginary "evil Republicans" for "bailing out Bailing out Banks" will have the SAME DISDAIN for Obama when he "bails out" the American Auto industry at the expense of billions of taxpayer dollars... (GOD FORBID OBAMA DOES NOT NOT REPAY THE DNC's UNHOLY DEBT TO THE UNIONS...)

My guess is that that most Obama drinkers here will have NO PROBLEM the Federal Government bailing out GM, Ford, and Chrysler... at the expense of MY MONEY.

Last edited by JimDuncansGhost, 11/15/2008, 5:54 pm


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11/15/2008, 5:53 pm Link to this post Send Email to JimDuncansGhost   Send PM to JimDuncansGhost
 
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Re: On our tax dollars bailing out GM.. Here's a Huffington Poster I can agree with...


What a crock of bull !@#$.

If union wages were the same as Wal~mart wages, it wouldn't make a difference.

The US auto industry had a chance a long time ago to have a price advantage on imports. Instead of passing that advantage on, they chose to make more profits on a smaller market share.

They are not competitive today because the CEOs of the Big Three have made bad decisions with products and refused to invest in technology.

The whole time this was happening, those same CEOs were taking home millions.

The republiCons and their "HATE THE WORKING CLASS" menatlity are what caused this crisis.

Some dipshits are just to stupid to connect the dots.

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11/15/2008, 6:59 pm Link to this post Send Email to Waytoez   Send PM to Waytoez
 
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Re: On our tax dollars bailing out GM.. Here's a Huffington Poster I can agree with...


EZ... This comes from a man who STILL IS a UNION STEWARD.... THINK B4 U post.

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11/15/2008, 7:55 pm Link to this post Send Email to JimDuncansGhost   Send PM to JimDuncansGhost
 
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Re: On our tax dollars bailing out GM.. Here's a Huffington Poster I can agree with...


Are YOU calling him a liar?

What the hell do CEO's have to do with the observations of this long time Union leader?

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"We hang the petty thieves and appoint the great ones to public office." -- Aesop
11/15/2008, 7:59 pm Link to this post Send Email to JimDuncansGhost   Send PM to JimDuncansGhost
 
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Re: On our tax dollars bailing out GM.. Here's a Huffington Poster I can agree with...


EZ.. Are you for "bailing out" the auto industry via tax payer dollars?

A simple YES or NO would be great.

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"We hang the petty thieves and appoint the great ones to public office." -- Aesop
11/15/2008, 8:01 pm Link to this post Send Email to JimDuncansGhost   Send PM to JimDuncansGhost
 
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Re: On our tax dollars bailing out GM.. Here's a Huffington Poster I can agree with...


Barack Obama who said "the blame for the world's higher temperature rests on gas guzzling vehicles." believes in putting his mouth where his tailpipe is... his choice to drive a V8 Hemi-powered Chrysler 300C emits a whiff of hypocrisy along with its exhaust fumes
 
Then again. What else would we expect from a socialist liberal who spends hundreds on lunch while his voters are waiting for help on their mortgage payments.

Can you say P A T H E T I C ??


 emoticon

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11/15/2008, 8:04 pm Link to this post Send Email to The Cracker   Send PM to The Cracker
 
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Re: On our tax dollars bailing out GM.. Here's a Huffington Poster I can agree with...


quote:

What else would we expect from a socialist liberal who spends hundreds on lunch while his voters are waiting for help on their mortgage payments.



Are you one of his voters? Do you need help with your mortgage?
11/15/2008, 8:09 pm Link to this post Send Email to slipslider   Send PM to slipslider
 
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Re: On our tax dollars bailing out GM.. Here's a Huffington Poster I can agree with...


quote:

The republiCons and their "HATE THE WORKING CLASS" menatlity are what caused this crisis.

Some dip****s are just to stupid to connect the dots.



Now the question has to be asked. Did you spend your Bush check or did you send it back?

Perhaps, you do not pay taxes so you did not qualify?

Anyway you get stacked up Kid you are still a pile of donkey dung, and "WayToSleazy".

 



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11/15/2008, 8:10 pm Link to this post Send Email to The Cracker   Send PM to The Cracker
 
JimDuncansGhost Profile
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Re: On our tax dollars bailing out GM.. Here's a Huffington Poster I can agree with...


Jesus H Christ Cracker... You are as bad as EZ..

He stupidly wanks off about CEO's, while you stupidly wank off about "liberals".. Meanwhile you BOTH miss the boat... which is OBVIOUSLY laid out in the launch post;

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"We hang the petty thieves and appoint the great ones to public office." -- Aesop
11/15/2008, 8:12 pm Link to this post Send Email to JimDuncansGhost   Send PM to JimDuncansGhost
 


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