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    All Forums | Politics

    Automakers Ask For 75 Billion Bailout/Wall Street Weasels Got 750

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    starwink
    KOAJ
    SecondAgain
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    starwink
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    Posted: Nov. 17, 2008 - 6:56 PM ET #1

    All the Republicans want to complain about is the unions representing the employees of the Big 3 Auto Companies.  Not the management of these corporations.  The same management that has pilfered from the funds that were to be set aside to fund pensions and healthcare.  

    Apparently the 750 Billion that is going to Wall Street and the largest banks in the country isn't as big as a problem as the 75 Billion the Auto Industry is seeking.

    Last I knew, 75 billion was 1/10th of 750 billion.  Where's the outrage over average Americans bailing out millionaires?  You don't hear it from these Republicans.

    No.  They do their union bashing routine.  Haven't they beaten down the middle class enough?
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    To remove first post, remove entire topic.
    All the Republicans want to complain about is the unions representing the employees of the Big 3 Auto Companies.  Not the management of these corporations.  The same management that has pilfered from the funds that were to be set aside to fund pensions and healthcare.  

    Apparently the 750 Billion that is going to Wall Street and the largest banks in the country isn't as big as a problem as the 75 Billion the Auto Industry is seeking.

    Last I knew, 75 billion was 1/10th of 750 billion.  Where's the outrage over average Americans bailing out millionaires?  You don't hear it from these Republicans.

    No.  They do their union bashing routine.  Haven't they beaten down the middle class enough?
     
    KOAJ
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    Posted: Nov. 17, 2008 - 7:10 PM ET #2

    star - if the big 3 change their business model like the banks have been forced to do, then im ok with some help...like a very soft chapter 11, ensuring suppliers and parts arent affected as much

    however they are not and we havent seen the full plan yet, there may be stipulations

    im not in favor of either bailout

    did you know that GM's compensation model is on avg 60% higher than toyota and honda? good piece in the WSJ today about it. GM has 7000 dealerships, toyota has 1500, honda a little more

    my brother covered autos on wall street for a bit so i understand a bit of their business model (through him). most who cover them knows that capacity needs to be taken out of the mkt

    the major concern of a chapter 11 GM is 'will people buy from a chapter 11 gm?" 'how badly will the supply chain get hit with fallout?'
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    star - if the big 3 change their business model like the banks have been forced to do, then im ok with some help...like a very soft chapter 11, ensuring suppliers and parts arent affected as much

    however they are not and we havent seen the full plan yet, there may be stipulations

    im not in favor of either bailout

    did you know that GM's compensation model is on avg 60% higher than toyota and honda? good piece in the WSJ today about it. GM has 7000 dealerships, toyota has 1500, honda a little more

    my brother covered autos on wall street for a bit so i understand a bit of their business model (through him). most who cover them knows that capacity needs to be taken out of the mkt

    the major concern of a chapter 11 GM is 'will people buy from a chapter 11 gm?" 'how badly will the supply chain get hit with fallout?'
     
    SecondAgain
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    Posted: Nov. 17, 2008 - 7:12 PM ET #3

    They attack everybody but their own.
     
    The decisions of management ore to blame here, people need to realise that. It is the high paid loons that cause failure after failure. What do the Republicans want to do to punish them? Give them a tax cut.
     
    How many companies fail as a result of the workers and not management?
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    They attack everybody but their own.
     
    The decisions of management ore to blame here, people need to realise that. It is the high paid loons that cause failure after failure. What do the Republicans want to do to punish them? Give them a tax cut.
     
    How many companies fail as a result of the workers and not management?
     
    cd329
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    Posted: Nov. 17, 2008 - 7:25 PM ET #4

    Quote Originally Posted by SecondAgain:

    They attack everybody but their own.
     
    The decisions of management ore to blame here, people need to realise that. It is the high paid loons that cause failure after failure. What do the Republicans want to do to punish them? Give them a tax cut.
     
    How many companies fail as a result of the workers and not management?

     

    Yeah am sick of people always blaming the worker for the company failing, instead of the top people who basically bleed the company dry.  When gm or any company makes the contract with the employees, you got to have the funds to cover those deals and if you dont then dont make the contract but to blame the workers for gm's problems just isnt fair.  For one gm has never changed their model to compete with toyota and honda.  They need a whole new line of vehicles that can go toe to toe withose other companies.  This isnt the line workers fault, its managements fault.

    Then again as our good friend slim would say, its the viagra gm is paying for that has killed the company.  The less then 2 bucks a vehicle has done the company in.

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    Quote Originally Posted by SecondAgain:

    They attack everybody but their own.
     
    The decisions of management ore to blame here, people need to realise that. It is the high paid loons that cause failure after failure. What do the Republicans want to do to punish them? Give them a tax cut.
     
    How many companies fail as a result of the workers and not management?

     

    Yeah am sick of people always blaming the worker for the company failing, instead of the top people who basically bleed the company dry.  When gm or any company makes the contract with the employees, you got to have the funds to cover those deals and if you dont then dont make the contract but to blame the workers for gm's problems just isnt fair.  For one gm has never changed their model to compete with toyota and honda.  They need a whole new line of vehicles that can go toe to toe withose other companies.  This isnt the line workers fault, its managements fault.

    Then again as our good friend slim would say, its the viagra gm is paying for that has killed the company.  The less then 2 bucks a vehicle has done the company in.

     
    KOAJ
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    Posted: Nov. 17, 2008 - 7:33 PM ET #5

    second - the cost of doing business on every level for the big 3 needs to be cut so they can get competitive again...payroll, benefits, taxes, docking fees, interest rates...everything
    -------------------
    cd - im all for the worker getting as much as they can but what happens when there's no more company?

    also, the government has a "contract" with its citizens for social security, medicare, medicad and there is no money in those coffers
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    second - the cost of doing business on every level for the big 3 needs to be cut so they can get competitive again...payroll, benefits, taxes, docking fees, interest rates...everything
    -------------------
    cd - im all for the worker getting as much as they can but what happens when there's no more company?

    also, the government has a "contract" with its citizens for social security, medicare, medicad and there is no money in those coffers
     
    cd329
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    Posted: Nov. 17, 2008 - 7:33 PM ET #6

    Quote Originally Posted by KOAJ:

    star - if the big 3 change their business model like the banks have been forced to do, then im ok with some help...like a very soft chapter 11, ensuring suppliers and parts arent affected as much

    however they are not and we havent seen the full plan yet, there may be stipulations

    im not in favor of either bailout

    did you know that GM's compensation model is on avg 60% higher than toyota and honda? good piece in the WSJ today about it. GM has 7000 dealerships, toyota has 1500, honda a little more

    my brother covered autos on wall street for a bit so i understand a bit of their business model (through him). most who cover them knows that capacity needs to be taken out of the mkt

    the major concern of a chapter 11 GM is 'will people buy from a chapter 11 gm?" 'how badly will the supply chain get hit with fallout?'

     

    I agree they have to change things up and cant keep doing business as usual.  If i had to choose between bailing the auto makers out or the aig's, i would say bail the automakers out.  If these 3 companies go under the ripple effect that would be created in this country would be unreal.  People dont realize how much these companies are connected with other companies across the country. The job losses not only at the automakers but across the land would be massive.

    Alot of these other bailouts am totally against and really believe they should just let them fail or be picked up by others.

    We finally agree

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    Quote Originally Posted by KOAJ:

    star - if the big 3 change their business model like the banks have been forced to do, then im ok with some help...like a very soft chapter 11, ensuring suppliers and parts arent affected as much

    however they are not and we havent seen the full plan yet, there may be stipulations

    im not in favor of either bailout

    did you know that GM's compensation model is on avg 60% higher than toyota and honda? good piece in the WSJ today about it. GM has 7000 dealerships, toyota has 1500, honda a little more

    my brother covered autos on wall street for a bit so i understand a bit of their business model (through him). most who cover them knows that capacity needs to be taken out of the mkt

    the major concern of a chapter 11 GM is 'will people buy from a chapter 11 gm?" 'how badly will the supply chain get hit with fallout?'

     

    I agree they have to change things up and cant keep doing business as usual.  If i had to choose between bailing the auto makers out or the aig's, i would say bail the automakers out.  If these 3 companies go under the ripple effect that would be created in this country would be unreal.  People dont realize how much these companies are connected with other companies across the country. The job losses not only at the automakers but across the land would be massive.

    Alot of these other bailouts am totally against and really believe they should just let them fail or be picked up by others.

    We finally agree

     
    KOAJ
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    Posted: Nov. 17, 2008 - 7:33 PM ET #7

    second - the failure of the big 3 is on every level...design, leadership, manufacturing, advertising, marketing
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    second - the failure of the big 3 is on every level...design, leadership, manufacturing, advertising, marketing
     
    starwink
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    Posted: Nov. 17, 2008 - 7:33 PM ET #8

    Quote Originally Posted by KOAJ:

    star - if the big 3 change their business model like the banks have been forced to do, then im ok with some help...like a very soft chapter 11, ensuring suppliers and parts arent affected as much

    however they are not and we havent seen the full plan yet, there may be stipulations

    im not in favor of either bailout

    did you know that GM's compensation model is on avg 60% higher than toyota and honda? good piece in the WSJ today about it. GM has 7000 dealerships, toyota has 1500, honda a little more

    my brother covered autos on wall street for a bit so i understand a bit of their business model (through him). most who cover them knows that capacity needs to be taken out of the mkt

    the major concern of a chapter 11 GM is 'will people buy from a chapter 11 gm?" 'how badly will the supply chain get hit with fallout?'

    The management does need to change it's models.  They need to adapt to change a lot better than they have.  Instead of lobbying Congress to write the regulations the way Detroit wants them, perhaps they should be producing more fuel efficient, well designed vehicles.  These are management decisions.  The workers will build whatever management decides they should build.  

    I believe 1 in 8 jobs are dependent on the auto industry.  Remember the old saying, "As GM goes, so does the nation".  There is a great bang for the buck here.  If Detroit goes down, unemployment will cripple America.  If the Fed bails them out, get guarantees from Detroit to retool their lines in a practical, universal manner, it'll be a big boost for all of America.  The results and rewards will be shared in 1 out of 8 jobs in America.


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    Quote Originally Posted by KOAJ:

    star - if the big 3 change their business model like the banks have been forced to do, then im ok with some help...like a very soft chapter 11, ensuring suppliers and parts arent affected as much

    however they are not and we havent seen the full plan yet, there may be stipulations

    im not in favor of either bailout

    did you know that GM's compensation model is on avg 60% higher than toyota and honda? good piece in the WSJ today about it. GM has 7000 dealerships, toyota has 1500, honda a little more

    my brother covered autos on wall street for a bit so i understand a bit of their business model (through him). most who cover them knows that capacity needs to be taken out of the mkt

    the major concern of a chapter 11 GM is 'will people buy from a chapter 11 gm?" 'how badly will the supply chain get hit with fallout?'

    The management does need to change it's models.  They need to adapt to change a lot better than they have.  Instead of lobbying Congress to write the regulations the way Detroit wants them, perhaps they should be producing more fuel efficient, well designed vehicles.  These are management decisions.  The workers will build whatever management decides they should build.  

    I believe 1 in 8 jobs are dependent on the auto industry.  Remember the old saying, "As GM goes, so does the nation".  There is a great bang for the buck here.  If Detroit goes down, unemployment will cripple America.  If the Fed bails them out, get guarantees from Detroit to retool their lines in a practical, universal manner, it'll be a big boost for all of America.  The results and rewards will be shared in 1 out of 8 jobs in America.


     
    starwink
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    Posted: Nov. 17, 2008 - 7:37 PM ET #9

    I understand I was a bit high on how much Detroit is asking.  The price is 25 billion.
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    I understand I was a bit high on how much Detroit is asking.  The price is 25 billion.
     
    starwink
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    Posted: Nov. 17, 2008 - 7:38 PM ET #10

    Roughly 3% of what was given to Wall Street.  
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    Roughly 3% of what was given to Wall Street.  
     
    SarasotaSlim
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    Posted: Nov. 17, 2008 - 7:59 PM ET #11

    Bonergate...................
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    Bonergate...................
     
    cd329
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    Posted: Nov. 17, 2008 - 8:06 PM ET #12

    Quote Originally Posted by SarasotaSlim:

    Bonergate...................

     

    go to the drugstore and pick up your free viagra, you hyprocrite

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    Quote Originally Posted by SarasotaSlim:

    Bonergate...................

     

    go to the drugstore and pick up your free viagra, you hyprocrite

     
    wallstreetcappers
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    Posted: Nov. 18, 2008 - 12:18 AM ET #13

    They wont get any money.

    I keep reading more and more from elected officials saying NO WAY.

    And rightly so.

    This wasnt caused by the financial system freezing, this was caused by stupidity.

    The "bailout" for the most part isnt a bailout at all, its the government LOANING money and receiving equity in return, or an outright forced purchase of shares.

    The government stands to make a hefty sum once this cloud moves on and the system starts to behave regularly.
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    They wont get any money.

    I keep reading more and more from elected officials saying NO WAY.

    And rightly so.

    This wasnt caused by the financial system freezing, this was caused by stupidity.

    The "bailout" for the most part isnt a bailout at all, its the government LOANING money and receiving equity in return, or an outright forced purchase of shares.

    The government stands to make a hefty sum once this cloud moves on and the system starts to behave regularly.
     
    cd329
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    Posted: Nov. 18, 2008 - 12:30 AM ET #14

    Quote Originally Posted by wallstreetcappers:

    They wont get any money.

    I keep reading more and more from elected officials saying NO WAY.

    And rightly so.

    This wasnt caused by the financial system freezing, this was caused by stupidity.

    The "bailout" for the most part isnt a bailout at all, its the government LOANING money and receiving equity in return, or an outright forced purchase of shares.

    The government stands to make a hefty sum once this cloud moves on and the system starts to behave regularly.

     

    Those elected officials will regret if those companies go out of business, because the trickle down effect it will cause will be massive.  Remeber you heard it hear first that those officials will be kicking themselves should this happen

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    Quote Originally Posted by wallstreetcappers:

    They wont get any money.

    I keep reading more and more from elected officials saying NO WAY.

    And rightly so.

    This wasnt caused by the financial system freezing, this was caused by stupidity.

    The "bailout" for the most part isnt a bailout at all, its the government LOANING money and receiving equity in return, or an outright forced purchase of shares.

    The government stands to make a hefty sum once this cloud moves on and the system starts to behave regularly.

     

    Those elected officials will regret if those companies go out of business, because the trickle down effect it will cause will be massive.  Remeber you heard it hear first that those officials will be kicking themselves should this happen

     
    SarasotaSlim
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    Posted: Nov. 18, 2008 - 12:48 AM ET #15

    This will be interesting WSC, Obama has said on 20/20 Sunday bankruptcy is not an option..but chapter 11 is really the only long range hope......and real change is what they need now.
     
    The UAW will have to re-negotiate the contract and soon, no matter what gettelfinger has said to the contrary......
     
    ..and this means lower wages...in the range of $3/4 buck an hour across the board a the least ......and management too ......
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    This will be interesting WSC, Obama has said on 20/20 Sunday bankruptcy is not an option..but chapter 11 is really the only long range hope......and real change is what they need now.
     
    The UAW will have to re-negotiate the contract and soon, no matter what gettelfinger has said to the contrary......
     
    ..and this means lower wages...in the range of $3/4 buck an hour across the board a the least ......and management too ......
     
    cd329
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    Posted: Nov. 18, 2008 - 1:00 AM ET #16

    Quote Originally Posted by SarasotaSlim:

    This will be interesting WSC, Obama has said on 20/20 Sunday bankruptcy is not an option..but chapter 11 is really the only long range hope......and real change is what they need now.
     
    The UAW will have to re-negotiate the contract and soon, no matter what gettelfinger has said to the contrary......
     
    ..and this means lower wages...in the range of $3/4 buck an hour across the board a the least ......and management too ......

     

    you just love seeing money taken away from working people.  I think you truly enjoy it because your a nasty person.  Yup take the money away from the workers and give the fatcats and shareholders that money  That will solve the problem.

    Never once does cutting the big salaries of the top guys and all their big bonuses come out of your mouth.   You just cant say it

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    Quote Originally Posted by SarasotaSlim:

    This will be interesting WSC, Obama has said on 20/20 Sunday bankruptcy is not an option..but chapter 11 is really the only long range hope......and real change is what they need now.
     
    The UAW will have to re-negotiate the contract and soon, no matter what gettelfinger has said to the contrary......
     
    ..and this means lower wages...in the range of $3/4 buck an hour across the board a the least ......and management too ......

     

    you just love seeing money taken away from working people.  I think you truly enjoy it because your a nasty person.  Yup take the money away from the workers and give the fatcats and shareholders that money  That will solve the problem.

    Never once does cutting the big salaries of the top guys and all their big bonuses come out of your mouth.   You just cant say it

     
    SecondAgain
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    Posted: Nov. 18, 2008 - 1:03 AM ET #17

    Quote Originally Posted by KOAJ:

    second - the failure of the big 3 is on every level...design, leadership, manufacturing, advertising, marketing

    and like every organisation, the responsibility ultimately falls with management

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    Quote Originally Posted by KOAJ:

    second - the failure of the big 3 is on every level...design, leadership, manufacturing, advertising, marketing

    and like every organisation, the responsibility ultimately falls with management

     
    wallstreetcappers
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    Posted: Nov. 18, 2008 - 1:30 AM ET #18

    cd,

    It isnt taking money away, it is taking EXCESS money away, these firms are paying too much to their workers, they have a monster pension liability and benefits responsibility.

    They cannot exist paying workers a premium compared to profitable, existing, working counter parties.

    Slim is right, the UAW needs to be thrown out of there and so does current multiple layers of management. If the company cannot compete, how are they going to compete, by making a crappy product and trying to charge equal prices to other companies making a BETTER product?

    This financial problem has been brewing for 20 plus years and is a function of the labor union manhandling management.

    Ch 11 is a terrible thought, the pension problems get dumped into the laps of the taxpayer, the debt holders and creditors get dumped and the common shareholder gets dumped.

    Why would the overpaid workers not face the same fate that they were partially responsible for causing?
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    cd,

    It isnt taking money away, it is taking EXCESS money away, these firms are paying too much to their workers, they have a monster pension liability and benefits responsibility.

    They cannot exist paying workers a premium compared to profitable, existing, working counter parties.

    Slim is right, the UAW needs to be thrown out of there and so does current multiple layers of management. If the company cannot compete, how are they going to compete, by making a crappy product and trying to charge equal prices to other companies making a BETTER product?

    This financial problem has been brewing for 20 plus years and is a function of the labor union manhandling management.

    Ch 11 is a terrible thought, the pension problems get dumped into the laps of the taxpayer, the debt holders and creditors get dumped and the common shareholder gets dumped.

    Why would the overpaid workers not face the same fate that they were partially responsible for causing?
     
    cd329
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    Posted: Nov. 18, 2008 - 3:40 AM ET #19

    Quote Originally Posted by wallstreetcappers:

    cd,

    It isnt taking money away, it is taking EXCESS money away, these firms are paying too much to their workers, they have a monster pension liability and benefits responsibility.

    They cannot exist paying workers a premium compared to profitable, existing, working counter parties.

    Slim is right, the UAW needs to be thrown out of there and so does current multiple layers of management. If the company cannot compete, how are they going to compete, by making a crappy product and trying to charge equal prices to other companies making a BETTER product?

    This financial problem has been brewing for 20 plus years and is a function of the labor union manhandling management.

    Ch 11 is a terrible thought, the pension problems get dumped into the laps of the taxpayer, the debt holders and creditors get dumped and the common shareholder gets dumped.

    Why would the overpaid workers not face the same fate that they were partially responsible for causing?

     

    Well if the workers have to take reductions in pay, then so should all the bigshots.  All the huge management salaries and bonuses need to be cut then also.  This cant be all about the regular workers taking a hit, so the top guys can have more.

    I just know if the govt lets the auto companies go belly up, this country will be screwed bigtime due to the ripple effect.  This is something i dont think any of us will want to see.  This isnt about letting some bank go under, this is about companies connected in a lot of ways with the whole economy.

    But i agree if cuts need to be made to save the company, then everybody needs to take cuts.  As far as retirees go, am sorry but they have got to be off limits because the company shouldnt have been raiding the retirement accounts.  You can ask retirees who put in their whole life working for gm, who retired with their benefits to suddenly just give them up.  Are these people supposed to just go out and start new careers.

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    Quote Originally Posted by wallstreetcappers:

    cd,

    It isnt taking money away, it is taking EXCESS money away, these firms are paying too much to their workers, they have a monster pension liability and benefits responsibility.

    They cannot exist paying workers a premium compared to profitable, existing, working counter parties.

    Slim is right, the UAW needs to be thrown out of there and so does current multiple layers of management. If the company cannot compete, how are they going to compete, by making a crappy product and trying to charge equal prices to other companies making a BETTER product?

    This financial problem has been brewing for 20 plus years and is a function of the labor union manhandling management.

    Ch 11 is a terrible thought, the pension problems get dumped into the laps of the taxpayer, the debt holders and creditors get dumped and the common shareholder gets dumped.

    Why would the overpaid workers not face the same fate that they were partially responsible for causing?

     

    Well if the workers have to take reductions in pay, then so should all the bigshots.  All the huge management salaries and bonuses need to be cut then also.  This cant be all about the regular workers taking a hit, so the top guys can have more.

    I just know if the govt lets the auto companies go belly up, this country will be screwed bigtime due to the ripple effect.  This is something i dont think any of us will want to see.  This isnt about letting some bank go under, this is about companies connected in a lot of ways with the whole economy.

    But i agree if cuts need to be made to save the company, then everybody needs to take cuts.  As far as retirees go, am sorry but they have got to be off limits because the company shouldnt have been raiding the retirement accounts.  You can ask retirees who put in their whole life working for gm, who retired with their benefits to suddenly just give them up.  Are these people supposed to just go out and start new careers.

     
    hugo
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    Posted: Nov. 18, 2008 - 8:39 AM ET #20

    The main reason, among many, Detroit can't compete is health care. To my understanding the cost of GM and the others providing healthcare benefits to the workers adds $1500 to the price of every car.Foreign automakers do not have that problem since they are in countries that have National health care as does most all of the civilized world. Resolving that problem would go a long way toward making U.S. automakers more competitive.
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    The main reason, among many, Detroit can't compete is health care. To my understanding the cost of GM and the others providing healthcare benefits to the workers adds $1500 to the price of every car.Foreign automakers do not have that problem since they are in countries that have National health care as does most all of the civilized world. Resolving that problem would go a long way toward making U.S. automakers more competitive.
     
    KOAJ
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    Posted: Nov. 18, 2008 - 9:13 AM ET #21

    hugo - most hondas and toyotas sold in the US are made here yet their cost of doing business is much lower than the Big 3

    piece from april 07 about the us/japanese automakers differences in health coverage. funny, even then they were worried about bankruptcy b/c of spiralling healthcare costs
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    hugo - most hondas and toyotas sold in the US are made here yet their cost of doing business is much lower than the Big 3

    piece from april 07 about the us/japanese automakers differences in health coverage. funny, even then they were worried about bankruptcy b/c of spiralling healthcare costs
     
    kingme
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    Posted: Nov. 18, 2008 - 9:23 AM ET #22

    This is not a Republican vs Democrat issue.  From what I have seen both parties are incredibly corrupt for backing all of the bailouts - ESPECIALLY the wall street bailout.  Most if not all of this cash has been and will be a big waste as it filters to the pockets of the well connected.
     
    Both sides of the isle strongly supported all of this because of all of their big ties to the industries.  Do not be fooled, Dems are in the pockets of big business as much as the Republicans, if not more.
     
    I think the banks should have been allowed to fail - period.  Yes some short term consequences, but the INDUSTRY of banking can overcome that relatively quickly as other much better managed banks step in to fill the void.
     
    The auto industry does need help.  They do need to change their ways significantly - along with the airlines industry.  A BIG part of it is the UAW - to argue otherwise is foolish.  To let the big 3 die would be a big mistake IMO.
     
    The whole thing makes me sick.  But you and I have no control over it so life goes on.  The next candidate that takes a very firm stand on no tax $ going to private and public industry gets my vote - either side of the isle.
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    This is not a Republican vs Democrat issue.  From what I have seen both parties are incredibly corrupt for backing all of the bailouts - ESPECIALLY the wall street bailout.  Most if not all of this cash has been and will be a big waste as it filters to the pockets of the well connected.
     
    Both sides of the isle strongly supported all of this because of all of their big ties to the industries.  Do not be fooled, Dems are in the pockets of big business as much as the Republicans, if not more.
     
    I think the banks should have been allowed to fail - period.  Yes some short term consequences, but the INDUSTRY of banking can overcome that relatively quickly as other much better managed banks step in to fill the void.
     
    The auto industry does need help.  They do need to change their ways significantly - along with the airlines industry.  A BIG part of it is the UAW - to argue otherwise is foolish.  To let the big 3 die would be a big mistake IMO.
     
    The whole thing makes me sick.  But you and I have no control over it so life goes on.  The next candidate that takes a very firm stand on no tax $ going to private and public industry gets my vote - either side of the isle.
     
    KOAJ
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    Posted: Nov. 18, 2008 - 9:33 AM ET #23

    interesting piece on how honda does business in the US:

    Of the 33 auto, engine and transmission plants in the U.S. that are wholly owned by foreign companies, none have been organized by the UAW, despite repeated attempts. Mainly, foreign auto makers have located plants in Southern states where the UAW has little presence and where right-to-work laws limit union power. When they have ventured into Northern states such as Indiana and Ohio, they have mostly chosen rural locations far from any unionized plants and UAW halls.
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    interesting piece on how honda does business in the US:

    Of the 33 auto, engine and transmission plants in the U.S. that are wholly owned by foreign companies, none have been organized by the UAW, despite repeated attempts. Mainly, foreign auto makers have located plants in Southern states where the UAW has little presence and where right-to-work laws limit union power. When they have ventured into Northern states such as Indiana and Ohio, they have mostly chosen rural locations far from any unionized plants and UAW halls.
     
    cd329
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    Posted: Nov. 18, 2008 - 4:00 PM ET #24

    Quote Originally Posted by KOAJ:

    interesting piece on how honda does business in the US:

    Of the 33 auto, engine and transmission plants in the U.S. that are wholly owned by foreign companies, none have been organized by the UAW, despite repeated attempts. Mainly, foreign auto makers have located plants in Southern states where the UAW has little presence and where right-to-work laws limit union power. When they have ventured into Northern states such as Indiana and Ohio, they have mostly chosen rural locations far from any unionized plants and UAW halls.

     

    lmfaoooooooooo amazing how you left off one very important sentence off your copy and paste KOAJ.  

    Really why didnt copy the last sentence?  Becuase you are a hardcore union buster, thats why.  Well folks here the last sentence that he just managed to forgot, even thou it was all part of the same paragraph.  You just believe so much that workers should be underpaid with no benefits, while the owners make all the cash.  This is your way of thinking.  I have to wonder thou if you were on the other end and working in one of these auto plants depending on it to feed your family, would you have the same feelings?

    "The moves now are helping the foreign-owned plants begin to lower wage scales."

    I wonder how much these nascar hillbillies are letting themselves get paid?

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    Quote Originally Posted by KOAJ:

    interesting piece on how honda does business in the US:

    Of the 33 auto, engine and transmission plants in the U.S. that are wholly owned by foreign companies, none have been organized by the UAW, despite repeated attempts. Mainly, foreign auto makers have located plants in Southern states where the UAW has little presence and where right-to-work laws limit union power. When they have ventured into Northern states such as Indiana and Ohio, they have mostly chosen rural locations far from any unionized plants and UAW halls.

     

    lmfaoooooooooo amazing how you left off one very important sentence off your copy and paste KOAJ.  

    Really why didnt copy the last sentence?  Becuase you are a hardcore union buster, thats why.  Well folks here the last sentence that he just managed to forgot, even thou it was all part of the same paragraph.  You just believe so much that workers should be underpaid with no benefits, while the owners make all the cash.  This is your way of thinking.  I have to wonder thou if you were on the other end and working in one of these auto plants depending on it to feed your family, would you have the same feelings?

    "The moves now are helping the foreign-owned plants begin to lower wage scales."

    I wonder how much these nascar hillbillies are letting themselves get paid?

     
     
    cd329
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    Posted: Nov. 18, 2008 - 4:29 PM ET #25

    Amazing how the right to work states are down south republican controlled states.   This is because republicans hate unions and feel that the worker should get paid peanuts and be happy they have a job.  This is their motto they live by.  Low pay and no benefits thats the republicans creed.  If it wasnt for the unions standing up the the corporations and republicans years ago, we would have never had a middle class in this country.  This is what they are trying to accomplish once again, have 2 classes of people.
    A rich class and a poor class, which will only be here to kiss the asses of the rich.
     
    I feel sorry for the workers down south, these people are to dumb to even realize that they are getting grossly underpaid for the work they do.  But hell they would rather live in poverty, then stand up against the corporations and republicans.  They have been brainwashed with the republican agenda for so many generation of families, they really dont know any other way to think but republican.  Maybe someday the power of the blue states can lead these people out of poverty and help them to break away from the republicans who have been holding them hostage for so long.
     
    Republicans want to pay all people minimum wage, no benefits or retirement plans.  They feel with that people should be able to support their families with these wages while buying their own medical insurance and funding their own retirement plan.  They dont see why 8 bucks an hour isnt more then enough to accomplish this task
     
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    Amazing how the right to work states are down south republican controlled states.   This is because republicans hate unions and feel that the worker should get paid peanuts and be happy they have a job.  This is their motto they live by.  Low pay and no benefits thats the republicans creed.  If it wasnt for the unions standing up the the corporations and republicans years ago, we would have never had a middle class in this country.  This is what they are trying to accomplish once again, have 2 classes of people.
    A rich class and a poor class, which will only be here to kiss the asses of the rich.
     
    I feel sorry for the workers down south, these people are to dumb to even realize that they are getting grossly underpaid for the work they do.  But hell they would rather live in poverty, then stand up against the corporations and republicans.  They have been brainwashed with the republican agenda for so many generation of families, they really dont know any other way to think but republican.  Maybe someday the power of the blue states can lead these people out of poverty and help them to break away from the republicans who have been holding them hostage for so long.
     
    Republicans want to pay all people minimum wage, no benefits or retirement plans.  They feel with that people should be able to support their families with these wages while buying their own medical insurance and funding their own retirement plan.  They dont see why 8 bucks an hour isnt more then enough to accomplish this task
     
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