UAW inflexible on concessions...

Morons. The companies are about to go down the tubes but the union leaders
refuse to give anything back. As a matter of fact, they're asking for more.

The auto industry in this country should be allowed to go down the tubes.
Then they can restart with workers who realize having a job at an OK pay
rate is better than having NO job at Union scale...

How stupid can you be?

 

Stupid enough not to consider that bankruptcy may actually
payoff better for the unions via government guarantees on
pensions and unemployment insurance?

 

The unions should be giving loans from the pension funds to the
automakers in exchange for stock. They need to have a vested interest
in the survival of the corporations.

 

The UAW will wind up with 100% of nothing rather than 60% of
something.

Most Americans will NOT support further bailouts for failures
http://tinyurl.com/8g47ef

 

Actually, there are strict limits on what the government will
guarantee for pensions. And I doubt that auto workers will get any
more unemployment than an office worker or other worker.

Jeff

 

Actually, there are strict limits on what the government
will
guarantee for pensions. And I doubt that auto workers will
get any
more unemployment than an office worker or other worker.

 

DUH! Wall Street already pissed away $350bn and won't tell anyone
what they did with it.

 

Actually, from the sound of it, it is even more stupid: Wall Street
doesn't know what it did with it.

Jeff

 

I dont guess that was Wall Street, but more likely the banking and (very
related)
insurance sector.

Now you see it, now you dont.,

 

If I remember right Chrysler got price reductions from management,
labor and Suppliers, and paid the loan off before it was due. They
even put out a breakthrough #1 selling vehicle, the mini van, that
made it all work. Now they fly in with Jets, and say "its not our
fault" . The real point is this money wont last more than my frozen
pizza and they will need more from you early next year. Are you going
to buy a 40,000$ chevy volt that might get 10 miles at 0f with gas
under 2 bucks, with a battery technology that so far lasts 2-3 years,
nobody will. As folks now looking to buy a new car their stupidy makes
buyers not want to risk buying a car from a company that may not be
there in a few years, kinda self fullfilling, go broke because of
greed. Let them go under. Ford is not asking for a bailout. Their
advertising for years made me puke, it was always "Horsepower" now
they are toting just highway milage ratings which in my city you dont
ever get, even on the highway its a dream. That is out of touch with
reality, and bs people see through. I bet they are bailed out, and
should not be.

 

A fair number of those CEO's should be doing serious penitentiary time. You
won't find me defending obscene salaries and bonuses.

 

WTF does that have to do with the UAW?

 

Indeed. But like most unions, they squeeze more and more until there's
less and less.

The large corporation I was working for got in trouble once, and though we
didn't give anything back, the union leaders didn't ask for anything,
either. The die-hard rank-and-file said he was 'sleeping with the company'
but those of us that actually had some brains were glad to keep working.

I was accused of being a 'company man' one time. I looked at the guy and
said, "Someone has to."

 

And no job. Great. Makes a lot of sense.

You're a union member, aren't you? I can tell.
If you can't squeeze the company, you'll squeeze the government.
Wouldn't you rather keep working?

 

I like to keep working, myself. I don't want the government carrying me.
I know what I hear. ABC said the unions are against negotiating lower
contracts. Only a fool throws water onto a sinking ship.

But, most union members are pretty stupid when it comes to the company.

 

Count the cents (sic), son, and it may.

I want the taxpayer to suck up the losses they will take by
having to pay Big 3 union workers' pensions and unemployment
insurance and let the Big 3 go bankrupt. Many of the former
Big 3 union members will then find jobs for the wonderful
Honda and Toyota companies and any other viable automotive
makers.

But fact is unions are not dumb. Dig deeper next time for
the story behind the story.

 

Huh? why the **** should we do that? Other companies go bankrupt and no
one guarantees their pension funds. It's up to the company to make a
viable product or face going out of business, and all that goes along with
that.

If they can't, that's just too bad. I'm hoping the company I worked for
for 10 years stays in business long enough for me to collect my pension.

I may have been a union member, but I'm not stupid enough to think the
government should step in. That's the way it goes.

Are you a Democrat, BTW? Perhaps Obama will save us...

Excellent! I'll go myself! I'd love to work for Toyota. I know they're
going to be in business for many more years to come. Because they make a
great product, not because the government props them up.

Workers should be glad to work as regular employees, since Toyota hasn't
laid off regular employees yet. A job is a good thing.

I heard it right from the UAW President.

 

You are mistaken. Go read about the federal government's
guarantees of pensions at
http://en.wikipedia.org/wiki/Pension_Benefit_Guaranty_Corporation

I so far have voted only Democrat in national elections.
AFAIC it is more likely Obama and Dems than McCain and
Repubs will save the economy. Though right now I am
disgusted with all of them. I vote but with little hope.

The main problem is the American consumer.

OTOH, you need to read about the Great Depression and how
the argument is strong that the government's delay c.
1929-1931 delayed recovery.

 

If the Detroit 3 fold up and the Pension Guarantee Fund has to cover
it, they'll get between 75 and 85% of their pensions over a certain
limit. And no medical coverage.

If they go chapter 11, the bankruptcy judge can rewrite the contracts
unilaterally.

So how are the unions winning? By being "big" and giving back now,
the judge would probably be less likely to bang on them if chapter 11
hits. If it's chapter 7, they really haven't lost much.
--
- dillon I am not invalid

When you wish upon a falling star, your dreams come true.
Unless it's really a meteorite hurtling to the Earth which
will destroy all life. Then you're pretty much hosed no
matter what you wish for. Unless it's death by meteor.

 

Sorry, I won't pay to support them in prison. I will, however, pay
for a couple of hundred rounds of 7.62 NATO.
--
- dillon I am not invalid

When you wish upon a falling star, your dreams come true.
Unless it's really a meteorite hurtling to the Earth which
will destroy all life. Then you're pretty much hosed no
matter what you wish for. Unless it's death by meteor.