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Automotive News & Views United Automobile Workers of America (UAW)
16705 messages, Last post on Nov 25, 2009 at 6:56 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: kipk (Nov 17, 2008 8:14 am) "Chrysler auto assembly workers leave the plant after their shift ends at the Chrysler Warren Truck Assembly in Warren, Michigan October 14, 2008." http://news.yahoo.com/nphotos/Chrysler-auto-assembly-Warren2C-Michigan-Chrysler-- Warren-Truck-Assembly/photo//081117/photos_ts/2008_11_17t010453_450x322_us_autos- _bailout_opinions//s:/nm/20081117/us_nm/us_autos_bailout_opinions;_ylt=AiC84v6v4- 9ie7OGc6pTW4tcXIr0F#photoViewer=/081117/photos_ts/2008_11_17t010453_450x322_us_a- utos_bailout_opinions |
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Replying to: fezo (Nov 17, 2008 8:40 am) 
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Replying to: iwant12 (Nov 17, 2008 8:54 am) |
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Replying to: dieselone (Nov 17, 2008 8:45 am) I remember back in the 70's and early 80's, my Mom usually bought me cheap shoes. Either NBA from Kinney Shoes, or some Thom McCahns or something like that. They usually came to about $20. Adjusted for inflation, $20 in 1980 is about $58 today. Yet today, you could get a halfway decent pair of shoes for about $50-60. Obviously not some top-of-the-line blingy thing, but it's not something the other kids will make fun of, either. Yet today, if you still want cheap shoes, go to WalMart, K-Mart, or Payless, and you'll still pay about twenty bucks for them. |
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| the term finally came to me: amortization schedule. Can you imagine the fun that accountants will have reversing the amortization schedules, and cutting off accounts in mid-stream? And figuring out just how to save the General when divvying up assets, liabilities and accounts payable, etc. What a nightmare in the making. I suppose de-amortization is nothing to a CPA with several degrees and also several years of experience. Since GM doesn't seem to mind living high off someone's hog anyway it's probably not their thing to worry about. And to me that's part of the problem with them: accountability. | |
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Replying to: fezo (Nov 17, 2008 8:40 am)
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Replying to: gagrice (Nov 17, 2008 9:49 am) 
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Replying to: dieselone (Nov 17, 2008 8:45 am) And we would be driving 2009 versions of Granadas, Tempos, X-cars, Cavaliers, Mustang II's, etc. Buyers of the better American branded models today do not realize how thankful they should be that companies such as Honda and Toyota forced the Big 3 to improve their products. UAW workers not responsible for decline of American brands. That rests entirely with high management.
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liar loans 434k fat cat weekend for golf after bailout received (good use of bailout money) 250 million tax abatement to Honda to put plant in Indiana (We are bailing out Japan) 700B bailout to AIG, Fannie, Freddie retiring after 30 years to immediate pension and medical care universal health care (bail out the non-working) bailout loan to Big3 UAW workers take pay cut to $18 an hour anyone who owes more than their house is worth has debt released down to 90% of value of house, especially if they took out a 2nd mortgage, and especially if they spent the 2nd mortgage on a Lexus SUV. Unrelated: The real world pays about $450 a month to buy my medical, dental, and life insurance from their employer in 2009. A little taste of reality outside the UAW. When Delphi went into bankruptcy, the judge refused to do anything to the UAW. All he said was you 2 work it out. Nothing ever came of it. Where does the UAW get any motivation to make concessions? The average American would rather buy a Japanese car and then pay taxes for unemployment and health care for ex us auto workers and the 1.5x effect beyond the auto industry. US senators have finally came out and actually said that buying an american car makes the buyer look unintelligent. If I were a japanese auto executive, that would be on my 'dream list' of things to happen in america. |
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the impetus is really on them(GM) and Congress should not have to be even considering this. All those flippin' years of building large pick-em-up trucks and huge soccer Mom SUV's and ignoring the car market has come back around on them. As well as giving in to the UAW for decades. Now it's a huge mess and Johnny and JoAnne taxpayer are being called upon to bail the water out of the Titanic. BTW-I don't recall Captain Smith giving out the command to farepayers on the Titanic "Everyone man their bailout stations and help us get all of this nasty water out of this beautiful new White Star liner!" He did say that the ship was inevitably going to sink and something to the effect that this is going to be nasty for everyone concerned. He may have uttered a bumbly "God help us all", remember that from the movie? Anyone watched it lately? Remember this statement: "There's no worries, M'am...I've just ordered the boiler room to light an additional two boilers. We're speeding up!" Remind anyone of some huge corporation just a little bit? We're going to continue to ignore customer complaints and just hurry up and build more Tonka trucks for all of the Toby Keith's out there in America! And there are a lot of Toby Keiths out there, I seem to move to places where people just love GMC/Chevy/Ford/Dodge trucks.
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