Why Not Let Honda Et Al. Take Over GM?

siskuwihane wrote

http://www.detnews.com/2005/autosinsider/0510/17/A01-351179.htmRead-o, update and clarification. The above cited 2005article said the UAW and the Big 3 could re-negotiate thejob bank in 2007. The Nov 2008 article linked below saysthat today "there are about 1,000 union members in jobsbanks, which means that it's 'almost gone' compared to the12k of about three years ago" blah blah.http://www.thetruthaboutcars.com/uaw-job-bank-not-gone-yet-but-its-almost-gone/

 

Just off the press:

http://www.nytimes.com/2008/12/10/business/economy/10leonhardt.html?_r=1&ref=todayspaper

 

Just off the press:

http://www.nytimes.com/2008/12/10/business/economy/10leonhardt.html?_r=1&ref=todayspaper

 

I just read this. The comments section is full of a lot of
unawareness, like the cost to taxpayers (via pensions and
unemployment insurance) if there is not some kind of
bailout.

 

I just read this. The comments section is full of a lot of
unawareness, like the cost to taxpayers (via pensions and
unemployment insurance) if there is not some kind of
bailout.

 

Eliminating Job Banks and other random atrocities is a step, but not
nearly enough.

Let's take this to the next level!
Mr. Auto Maker, "You want a bailout? Fire every manager making 150K or
more." Like a roach infestation, groupthink and ineptitude of this
magnitude, once entrenched, can never be fully undone. Comprehensive
ex-term-in-a-tion (Say it like a Dalek!) is the only way. Upper
management forfeits all severance and recently accumulated perks. If it
is possible to retroactively sue these idiots, do it. (Pass laws
encouraging a shareholder lawsuit?) If my tax dollars are being spent to
fix their fuckup, I want my pound of flesh!

Mr. UAW worker, "You want a bailout? Quit the union and be ready to
actually WORK for a living, like the rest of us do."

UAW, "See ya!" Liquidate all holdings, splitting the assets between the
manufacturers and low income workers.

In short, dismantle the whole stinking pile of poo and start over.
Hire experienced Honda/Toyota execs to administer reorganization.

That sounds pretty good too. Don't forget the firing squad for the old,
fat, white guys flying around in corporate jets.

 

Eliminating Job Banks and other random atrocities is a step, but not
nearly enough.

Let's take this to the next level!
Mr. Auto Maker, "You want a bailout? Fire every manager making 150K or
more." Like a roach infestation, groupthink and ineptitude of this
magnitude, once entrenched, can never be fully undone. Comprehensive
ex-term-in-a-tion (Say it like a Dalek!) is the only way. Upper
management forfeits all severance and recently accumulated perks. If it
is possible to retroactively sue these idiots, do it. (Pass laws
encouraging a shareholder lawsuit?) If my tax dollars are being spent to
fix their fuckup, I want my pound of flesh!

Mr. UAW worker, "You want a bailout? Quit the union and be ready to
actually WORK for a living, like the rest of us do."

UAW, "See ya!" Liquidate all holdings, splitting the assets between the
manufacturers and low income workers.

In short, dismantle the whole stinking pile of poo and start over.
Hire experienced Honda/Toyota execs to administer reorganization.

That sounds pretty good too. Don't forget the firing squad for the old,
fat, white guys flying around in corporate jets.

 

So, how's your 'put' deal going? Circle the money yet?

Still holding your breath? You're looking a little blue.

 

So, how's your 'put' deal going? Circle the money yet?

Still holding your breath? You're looking a little blue.