SAN FRANCISCO (MarketWatch) -- General Motors Corpplans to start importing Chinese-made cars into the United States in 2011 as a way of lowering manufacturing costs, The Wall Street Journal reported Wednesday on its Web site. The plan, outlined in documents submitted to Congress, calls for the automaker to import 17,335 vehicles it makes in China in 2011, with that number growing to more than 38,000 in 2012 and more than 53,000 in 2013, according to the Journal.
then let the motherfucking ChiComs bankroll them
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To remove first post, remove entire topic.
from MarketWatch.com......
SAN FRANCISCO (MarketWatch) -- General Motors Corpplans to start importing Chinese-made cars into the United States in 2011 as a way of lowering manufacturing costs, The Wall Street Journal reported Wednesday on its Web site. The plan, outlined in documents submitted to Congress, calls for the automaker to import 17,335 vehicles it makes in China in 2011, with that number growing to more than 38,000 in 2012 and more than 53,000 in 2013, according to the Journal.
SAN FRANCISCO (MarketWatch) -- General Motors Corpplans to start importing Chinese-made cars into the United States in 2011 as a way of lowering manufacturing costs, The Wall Street Journal reported Wednesday on its Web site. The plan, outlined in documents submitted to Congress, calls for the automaker to import 17,335 vehicles it makes in China in 2011, with that number growing to more than 38,000 in 2012 and more than 53,000 in 2013, according to the Journal.
then let the motherfucking ChiComs bankroll them
they already are...who do you think owns US debt?
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Quote Originally Posted by LeRinkRat:
from MarketWatch.com......
SAN FRANCISCO (MarketWatch) -- General Motors Corpplans to start importing Chinese-made cars into the United States in 2011 as a way of lowering manufacturing costs, The Wall Street Journal reported Wednesday on its Web site. The plan, outlined in documents submitted to Congress, calls for the automaker to import 17,335 vehicles it makes in China in 2011, with that number growing to more than 38,000 in 2012 and more than 53,000 in 2013, according to the Journal.
What about the fuckin Gov. that just gave them your money?
What about the money that Obama/Pelosi take from the UAW?
What the fuck! Guys wake the hell up!
I've been awake for many decades. You mean those UAW workers have have such high wages that the car companies can't compete because of how much money they are having to pay the workers an average of $74 per hour including benefits.
Granted they haven't exactly ran thierselves very well, but this just puts the nail in the coffin.
Toyota workers average $44 per hour
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Quote Originally Posted by TIMBER9:
Fuck them
What about the fuckin Gov. that just gave them your money?
What about the money that Obama/Pelosi take from the UAW?
What the fuck! Guys wake the hell up!
I've been awake for many decades. You mean those UAW workers have have such high wages that the car companies can't compete because of how much money they are having to pay the workers an average of $74 per hour including benefits.
Granted they haven't exactly ran thierselves very well, but this just puts the nail in the coffin.
Not to mention the Gov's bid to obtain interest in a private sector business, by pimping them with tax payer money. Why? Because if they didnt take a partial interest, GM would have simply went bankrupt, and voided UAW contracts, that could have been renegotiated. Thus giving GM the ability to be profitable again, and not have to pull this China bullshit. WHO would want to stop this? OBAMA...PELOSI... and of course the UAW. The UAW has pimped them with their money, so they have an interest in both. Thus obligating these idiots to protect their interest above and beyond WE the taxpayers, who finace the whole MOB like bullshit.
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Lipps
Not to mention the Gov's bid to obtain interest in a private sector business, by pimping them with tax payer money. Why? Because if they didnt take a partial interest, GM would have simply went bankrupt, and voided UAW contracts, that could have been renegotiated. Thus giving GM the ability to be profitable again, and not have to pull this China bullshit. WHO would want to stop this? OBAMA...PELOSI... and of course the UAW. The UAW has pimped them with their money, so they have an interest in both. Thus obligating these idiots to protect their interest above and beyond WE the taxpayers, who finace the whole MOB like bullshit.
well I find it intersting that your second source would quote the UAW when THAY say their wage costs are in line with the foreign companies OR LOWER before benefits.
there has been SO much right wing BULLSHIT about this number that it's a JOKE!!!
your a smart guy, Lippsman and I respect you and I'm suprised you would be taken in by the bunk.
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well I find it intersting that your second source would quote the UAW when THAY say their wage costs are in line with the foreign companies OR LOWER before benefits.
there has been SO much right wing BULLSHIT about this number that it's a JOKE!!!
your a smart guy, Lippsman and I respect you and I'm suprised you would be taken in by the bunk.
well I find it intersting that your second source would quote the UAW when THAY say their wage costs are in line with the foreign companies OR LOWER before benefits.
there has been SO much right wing BULLSHIT about this number that it's a JOKE!!!
your a smart guy, Lippsman and I respect you and I'm suprised you would be taken in by the bunk.
I look at the both sides of everything. I take no ones word I research myself. And what I found is ecaxtly what I posted. About $74 per hour for each worker including all benefits.
I'm taken in by nothing. The numbers are there. The retired workers benefits are adding a huge amount to the average overall wage. It will be lower year after year, but right now it's just staggering. But if you want to pick over the number it would probably be closer to $70. But come on, you were a long time union worker, I'm sure you would be more in line with the UAW.
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Quote Originally Posted by LeRinkRat:
well I find it intersting that your second source would quote the UAW when THAY say their wage costs are in line with the foreign companies OR LOWER before benefits.
there has been SO much right wing BULLSHIT about this number that it's a JOKE!!!
your a smart guy, Lippsman and I respect you and I'm suprised you would be taken in by the bunk.
I look at the both sides of everything. I take no ones word I research myself. And what I found is ecaxtly what I posted. About $74 per hour for each worker including all benefits.
I'm taken in by nothing. The numbers are there. The retired workers benefits are adding a huge amount to the average overall wage. It will be lower year after year, but right now it's just staggering. But if you want to pick over the number it would probably be closer to $70. But come on, you were a long time union worker, I'm sure you would be more in line with the UAW.
RAT, why dont you just admit your of union background? You live off a large retirement account, a cushy pension and benefits. It would be hard for me to admit the damage unions do, if my life had been financed by them. Keep that Dem ante coming brother.....This is the Gov. yall bought.
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RAT, why dont you just admit your of union background? You live off a large retirement account, a cushy pension and benefits. It would be hard for me to admit the damage unions do, if my life had been financed by them. Keep that Dem ante coming brother.....This is the Gov. yall bought.
Well I want it to be know I'm not anti-union. Back in the 30's and 40's there was a huge need for unions.
But some of the business', like the auto industry just kept giving in and giving in. In no way do I fault the union members for getting what they are getting. Hey, in America that's the way. Get the most you can get. But there comes a time where you have to step back and say....we may be hurting ourselves in the long run.
Actually I think there is a huge place for unions in the hotel and retail industry. Where I am in a resort town I see way too many people making $7.00 an hour. (I kid you not)
And if Rat made out like a bandit then great for him. Face it, that's not exactly an easy job he did. Now making at least $74 an hour with benefits and having over 100 lives in your hands multiple times everyday then hell yeah. You got what you got coming to ya.
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Well I want it to be know I'm not anti-union. Back in the 30's and 40's there was a huge need for unions.
But some of the business', like the auto industry just kept giving in and giving in. In no way do I fault the union members for getting what they are getting. Hey, in America that's the way. Get the most you can get. But there comes a time where you have to step back and say....we may be hurting ourselves in the long run.
Actually I think there is a huge place for unions in the hotel and retail industry. Where I am in a resort town I see way too many people making $7.00 an hour. (I kid you not)
And if Rat made out like a bandit then great for him. Face it, that's not exactly an easy job he did. Now making at least $74 an hour with benefits and having over 100 lives in your hands multiple times everyday then hell yeah. You got what you got coming to ya.
Its amazing how many people dont fully grasp how pensions work.
People trade lower wages over their working careers in order to get those pensions. So now when those people retire and are netitled to the pensions they raded for, alot of you guys get mad and call it free loading, when in fact its not. Alot fo you are just plain hyprocrites and are mad because you took employment from a company that doesnt offer pensions. Each and every one of you who go around bashing pensions constantly, would jump at the chance to get a pension from your employer. So really go take a hard look in the mirror at yourselves.
Most of gms expenses is in development, not payroll.
Now am supporter of gm and them getting help to stay alive, because gm is a big part of alot of jobs in this country that we all dont see. The trickle down loss if gm goes out of business would be huge, but you guys arent seeing the big picture.
Now what gm is doing with this new startegy of importing cars is plain wrong and the govt should step in and tell them thats not an option if you want to keep getting money from the public.
Lastly stop blaming the workers for gms downfall, because its not their fault.
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Its amazing how many people dont fully grasp how pensions work.
People trade lower wages over their working careers in order to get those pensions. So now when those people retire and are netitled to the pensions they raded for, alot of you guys get mad and call it free loading, when in fact its not. Alot fo you are just plain hyprocrites and are mad because you took employment from a company that doesnt offer pensions. Each and every one of you who go around bashing pensions constantly, would jump at the chance to get a pension from your employer. So really go take a hard look in the mirror at yourselves.
Most of gms expenses is in development, not payroll.
Now am supporter of gm and them getting help to stay alive, because gm is a big part of alot of jobs in this country that we all dont see. The trickle down loss if gm goes out of business would be huge, but you guys arent seeing the big picture.
Now what gm is doing with this new startegy of importing cars is plain wrong and the govt should step in and tell them thats not an option if you want to keep getting money from the public.
Lastly stop blaming the workers for gms downfall, because its not their fault.
cd - i dont think any of us are bashing the idea of a pension...the pension plan or any pension plan is a ponzi scheme, pure and simple
the minute the current dues payments outweigh what the company pays out, the company begins to lose money...company can continue to lose, declare Ch 11 and pass it off the the Pension Guarantee Corp (federal takeover, like the FDIC), or cry for a bailout after their man has been elected to a very high office
GM, Chrysler, Social Security, Bernie Madoff...no difference. less and less people paying in, more and more people taking out. its doomed to fail
game over...unless your union leadership organizes 300m in election contributions to get a party elected...then you can fuck bondholders in the ass and shit on bankruptcy laws
the Big 3 and the UAW made this bed, they need to lie in it...not me or not any other taxpayer. same goes for the banks and whoever else sucks on government teet
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cd - i dont think any of us are bashing the idea of a pension...the pension plan or any pension plan is a ponzi scheme, pure and simple
the minute the current dues payments outweigh what the company pays out, the company begins to lose money...company can continue to lose, declare Ch 11 and pass it off the the Pension Guarantee Corp (federal takeover, like the FDIC), or cry for a bailout after their man has been elected to a very high office
GM, Chrysler, Social Security, Bernie Madoff...no difference. less and less people paying in, more and more people taking out. its doomed to fail
game over...unless your union leadership organizes 300m in election contributions to get a party elected...then you can fuck bondholders in the ass and shit on bankruptcy laws
the Big 3 and the UAW made this bed, they need to lie in it...not me or not any other taxpayer. same goes for the banks and whoever else sucks on government teet
Now what gm is doing with this new startegy of importing cars is
plain wrong and the govt should step in and tell them thats not an
option if you want to keep getting money from the public. ----------- this isnt the role of government...none of it is
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Now what gm is doing with this new startegy of importing cars is
plain wrong and the govt should step in and tell them thats not an
option if you want to keep getting money from the public. ----------- this isnt the role of government...none of it is
cd - i dont think any of us are bashing the idea of a pension...the pension plan or any pension plan is a ponzi scheme, pure and simple
the minute the current dues payments outweigh what the company pays out, the company begins to lose money...company can continue to lose, declare Ch 11 and pass it off the the Pension Guarantee Corp (federal takeover, like the FDIC), or cry for a bailout after their man has been elected to a very high office
GM, Chrysler, Social Security, Bernie Madoff...no difference. less and less people paying in, more and more people taking out. its doomed to fail
game over...unless your union leadership organizes 300m in election contributions to get a party elected...then you can fuck bondholders in the ass and shit on bankruptcy laws
the Big 3 and the UAW made this bed, they need to lie in it...not me or not any other taxpayer. same goes for the banks and whoever else sucks on government teet
your so wrong its unreal. You have it in your head that pensions are ponzi schemes and that is just not true. Also stop blaming the workers for the pensions. Its the companies that offer the pensions to the employees because they would rather pay lower wages to the workers for the tradeoff of the pension. The idea behind the pension is that the company will invest the money wisely for the employee. Its no differnt then you having your own 401k plan. Lot of people dont want to try investing on their own, so they let the company do it for them. You know not every person comes from a financial background like you do.
But as far as ponzi scheme thats just not true. Its the companies who screwed up the pensions.
Like i said if where i worked didnt want to provide me with a pension, then they would have had to pay me a higher wage my whole working career. Thats how pensions work.
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Quote Originally Posted by KOAJ:
cd - i dont think any of us are bashing the idea of a pension...the pension plan or any pension plan is a ponzi scheme, pure and simple
the minute the current dues payments outweigh what the company pays out, the company begins to lose money...company can continue to lose, declare Ch 11 and pass it off the the Pension Guarantee Corp (federal takeover, like the FDIC), or cry for a bailout after their man has been elected to a very high office
GM, Chrysler, Social Security, Bernie Madoff...no difference. less and less people paying in, more and more people taking out. its doomed to fail
game over...unless your union leadership organizes 300m in election contributions to get a party elected...then you can fuck bondholders in the ass and shit on bankruptcy laws
the Big 3 and the UAW made this bed, they need to lie in it...not me or not any other taxpayer. same goes for the banks and whoever else sucks on government teet
your so wrong its unreal. You have it in your head that pensions are ponzi schemes and that is just not true. Also stop blaming the workers for the pensions. Its the companies that offer the pensions to the employees because they would rather pay lower wages to the workers for the tradeoff of the pension. The idea behind the pension is that the company will invest the money wisely for the employee. Its no differnt then you having your own 401k plan. Lot of people dont want to try investing on their own, so they let the company do it for them. You know not every person comes from a financial background like you do.
But as far as ponzi scheme thats just not true. Its the companies who screwed up the pensions.
Like i said if where i worked didnt want to provide me with a pension, then they would have had to pay me a higher wage my whole working career. Thats how pensions work.
explain to me how a pension plan is not a ponzi scheme
if you have 1000 employees and 300 retirees the pension plan pays the 300 retirees with dues from 1000 employees and probably has some leftover
this continues on until there are more retirees than employees paying in. if the company has nothing left in the pension fund because its been depleted by retiree payouts then the plan fails
i dont blame the workers or management...the plan itself is a failure unless of course you fund your own pension plan and you only get out the nominal amount you put in and you invest in cash the entire time your are funding.
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explain to me how a pension plan is not a ponzi scheme
if you have 1000 employees and 300 retirees the pension plan pays the 300 retirees with dues from 1000 employees and probably has some leftover
this continues on until there are more retirees than employees paying in. if the company has nothing left in the pension fund because its been depleted by retiree payouts then the plan fails
i dont blame the workers or management...the plan itself is a failure unless of course you fund your own pension plan and you only get out the nominal amount you put in and you invest in cash the entire time your are funding.
. Lot of people dont want to try investing on their own, so they let the company do it for them. You know not every person comes from a financial background like you do.
seems to me if more people knew how to invest or how to budget, then we wouldnt be in nearly as much trouble as we are in currently...
i digress...
this should be mandatory for 4 years in highschool instead of home ec, sociology, etc
math, science, english, history, finance/ecnomics, phys ed, lunch...7 periods for high school
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Quote Originally Posted by cd329:
. Lot of people dont want to try investing on their own, so they let the company do it for them. You know not every person comes from a financial background like you do.
seems to me if more people knew how to invest or how to budget, then we wouldnt be in nearly as much trouble as we are in currently...
i digress...
this should be mandatory for 4 years in highschool instead of home ec, sociology, etc
math, science, english, history, finance/ecnomics, phys ed, lunch...7 periods for high school
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