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Do You Favor A Government Loan To The Detroit 3?

3958 messages,  Last post on Oct 02, 2009 at 4:52 PM

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#884 of 3958 Re: a lot of hard feelings [steve_] by lmacmil Nov 26, 2008 (1:29 pm)
Replying to: steve_ (Nov 26, 2008 9:51 am) How closely do you want the loan strings to tie Ford or GM to consolidating their luxury brands with the rest of their offerings?   I don't think consolidating luxury brands is going to do a lot. GM probably has at least 3 more brands than they need. Ford could kill Mercury and no one would care. Unless they address some of their real cost issues (e.g., the jobs bank and way too many dealers), they are never going to make it. And as a retiree from a tier 1 supplier, I think that would be a shame and a disaster.
#885 of 3958 Re: Car Pool to Washington [nvbanker] by rogeliov Nov 26, 2008 (4:54 pm)
Replying to: nvbanker (Nov 26, 2008 11:09 am) "Ok, but what about the Jets that Reid and Pelosi get to have at the taxpayer's direct expense! Don't you think it's a bit hypocritical for congress to point this out when they have their own jets? Why doesn't Congress take a 10% cut in their salaries and their lifetime pensions? How come pur Public Servants never have to share the pain."   What part of "Pelosi and Reid" are not the ones asking for loans or bailouts do you people don't understand! There is no correlation between the Congress jets and the Big Three jets. Congress is not asking for a loan or a bailout. At least not yet. Get off the jet thing and focus on the tasks at hand. Replies to this message: imidazol97 (Nov 26, 2008 5:11 pm)
#886 of 3958 Re: Car Pool to Washington [rogeliov] by imidazol97 Nov 26, 2008 (5:11 pm)
Replying to: rogeliov (Nov 26, 2008 4:54 pm) > Congress is not asking for a loan or a bailout. At least not yet. Get off the jet thing and focus on the tasks at hand.   Actually the way Congress gives themselves entitlements is a national problem and disgrace. Beyond salary and retirement, beyond not being responsible for improper actions (aiding the FannieMae and FreddieMac improper loans), they live large on our money. If wevdon't want to talk jets, perhaps limosines and special treatment in DC is more suitable for congress. Having people who had their morning delivery to the Capitol Hill try to minimize the importance of the (overpaid) executives because they flew in on jets is hilarious hypocritical. Do we think Nancy and Harry carpooled in a DC taxi to get to the Hill that morning?
#887 of 3958 Wall Street by berri Nov 26, 2008 (5:29 pm)
Replying to: lemko (Nov 25, 2008 6:08 am) Have you noticed that these low lifes we are bailing out on Wall Street seem to always be on the news shows gleefully trying to talk up oil prices? We bail them out while they screw Americans over. Maybe we should ship them all over to the oil countries so they might appreciate their country more than their greed for even more money. I find Wall Street more and more disgusting!
#888 of 3958 Re: Car Pool to Washington [kernick] by cooterbfd Nov 26, 2008 (5:35 pm)
Replying to: kernick (Nov 26, 2008 11:34 am) "....So instead of A got this deal, so B should too, why can't we moderate what B gets, and use that as a public example to force A to be more of an ethical-model. Lets push to improve ethics, not make them worse! "   Well, if "A" is a worker in Michigan, and "B" is a worker in Alabama, and A's house costs twice what B's does because that's the fair market value of their house (lets say both houses are 1100 sq ft ranches on 1/2 acre), why should A have to settle for B's wage???   If A's company moves to Alabama to compete, how does the USA benefit??? If B's wage is moved up to at least be comparable to A's (standard of living wise, not necessarily dollar wise), then does B not have more buying power??? Replies to this message: gagrice (Nov 26, 2008 8:23 pm) rogeliov (Nov 26, 2008 10:13 pm) gagrice (Nov 27, 2008 5:32 am) and 2 more... cooterbfd (Nov 27, 2008 7:59 am) kernick (Nov 27, 2008 8:14 am) dave8697 (Nov 27, 2008 8:54 am) gagrice (Nov 27, 2008 8:58 am) and 112 more... kernick (Nov 27, 2008 8:03 am) chikoo (Nov 27, 2008 8:16 am) gagrice (Nov 27, 2008 9:12 am) cooterbfd (Nov 27, 2008 12:31 pm) and 4 more... chikoo (Nov 27, 2008 1:06 pm)
#889 of 3958 Re: Car Pool to Washington [pf_flyer] by chikoo Nov 26, 2008 (7:11 pm)
Replying to: pf_flyer (Nov 25, 2008 6:17 am) >What kind of companies do these guys run that they can't afford to fly to DC?   ones that are in dire need of money?
#890 of 3958 Re: Is Nissan Next? [nippononly] by chikoo Nov 26, 2008 (7:15 pm)
Replying to: nippononly (Nov 25, 2008 7:31 am) >I saw Nissan is pulling out of auto shows. These can't be that expensive for a company that size, so I'm wondering if they are getting into the same cash crisis as Detroit?   Better safe than sorry. No need to expend money that is not going to help immediately. Something that GM should learn. Replies to this message: rogeliov (Nov 26, 2008 10:05 pm)
#891 of 3958 Re: this guy [driver100] by chikoo Nov 26, 2008 (7:17 pm)
Replying to: driver100 (Nov 25, 2008 7:33 am) >If you take a minute to watch this amazing state of the art Ford plant in Brazil you will see what the Big 3 are capable of. Listen to the last few words too - Ford would love to build this plant in Detroit but the UAW won't allow it.   The amazing fact is that GM and Ford, both are doing pretty well outside the US. Wonder why?? Replies to this message: Vinnmar (Nov 26, 2008 7:56 pm)
#892 of 3958 Re: Reduced compensation as condition of bailout [xrunner2] by Vinnmar Nov 26, 2008 (7:37 pm)
Replying to: xrunner2 (Nov 26, 2008 9:53 am) What needs to change is the compansation in the E band Groups. They are so well over paid that it appalling. (E band is from Grade 12 on up). The E band pensions also need to change ASAP. FORD NEEDS TO STOP PAYING PENSIONS THAT ARE EQUAL TO THE BASS PAY OF EVERY PERSON FROM THE PLANT MANAGERS ON UP. If your in the E Group and your pay is $500,000.00 a year, your pension will be $500,000.00 a year as long as you have held that job for 18 mo. THIS IS THE SAME ALL THE WAY UP TO THE TOP AT FORD. They need to have the same pensions that the workers have on more no less. When times are good they (the e band) get rich and the rest may get a 3% raise over 3 years. When times are bad they still get rich and push the rest out and make us give up our jobs, and cut the pay rates. The public thinks that the hourly are over paid when its the E Band thats steeal the company blind. Its not j ust the bonuses its every thing. We all need to cut but they can fly around and blow money all the time.   Why is it that the top never gives up a thing when we are in trouble.   They always pull from the first line supervision, from middle managment and the UAW but never from the E band group.    Its time that they start giving up as much as the rest of us have done.   They are not the FORD family. They work for Ford Mo Co the same as all the workers do.   How is it that they can push some one out of a job and F up his credit and none of them have to pay for what they have done to a company that was one of the best just seven years ago? The start of this started back then.

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