All Forums | Politics

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

...
Participants:
Search model icon
Views: 753
Posts: 64
 
All-Star
Participation Meter
Joined: Mar, 2006
Posts: 14715
Posted: #51
I guess all of our elected officials could be considered fatcats.
 
 
 
Hall of Fame
Participation Meter
Joined: Mar, 2004
Posts: 21655
Posted: #52

Quote Originally Posted by KOAJ:



i have no idea where to begin to respond b/c you're getting close to the "room with padded walls"

you think someone is fortunate to have their own business? like it was given to you and me? we work our balls off. did you pay for your own house? health care? retirement savings? why cant everyone else?

i dont think people should work for 10-15 bucks an hour unless they have to. if someone wants to make more money they can look anywhere for a job...monster, craigslist, linkedin, friends, old colleagues, etc. they are FREE to do so.

i dont really look for classes of people. class warfare, marxist theory isnt my game. thats the propoganda of the left and you've bought hook line and sinker into it...hammer, sickle and all. i want everyone to do well but through their own hard work. i want limited government. i want low taxes. i want wealth creation not a back and forth zero sum game
--
asking who is more important, mgmt or labor is like asking which came first, the chicken or the egg. obviously there's no product without design and innovation from mgmt and there's no production without labor. im all for people making as much money as they can...when have i ever said people shouldnt get as much as possible? if you're referring to the UAW, they threaten the viability of the Little 3 to continue to exist...thats when there should be cuts across the board

i dont even know what a neo-con is so there's no need to throw insults (i think). im more of a capitalist/libertarian than anything. i deal in economic truth and continue to examine the effects of lib/labor policy and how it effects the business itself. you just want the working man to get paid regardless of the consequences to the overall business...that cant happen

wait until deflation hits the automakers...they are done b/c of the union contracts

wait until henry waxman gets in full power over house energy committee (won it from dingall yesterday). waxman is a cali lib who hates cars and carbon emissions. carbon taxes out the ass...detroit is done

 

Well KOAJ, you always keep saying people dont have to work for 10-15 bucks an hour and are free to look elsewhere for work.  Well if the unions are all busted out like guys like you want to happen, then there isnt going to be any good paying jobs for people to look for.  They will be forced to work for that under 10 bucks an hour salary.  Its the unions who have helped to maintain the good paying jobs in this country.

 

So you never addressed my question, if all the good paying middle class jobs are gone, how is a person suposed to take care of his family, buy a house, pay for health insurance, fund their own pension ete etc all while working for the peanut wages.  Please do explain how this would be possible.

Its really a useless battle with guys like you because in your minds, you want all the regular workers broke and just working to enhance your life and the corporations.  Like i have said before the dream of guys like you is to have a fleet of workers working for you for 5 bucks an hour while you enjoy 99 percent of the profits.  Who cares if the workers dont make enough money to live on, just as long as the owners are able to live in that mansion with all kinds of luxury cars in the driveway.

 
Hall of Fame
Participation Meter
Joined: Mar, 2004
Posts: 21655
Posted: #53
Quote Originally Posted by rick3117:

I guess all of our elected officials could be considered fatcats.
 
 

 

yes there are as most have become millionaires in the process where as our founding fathers died dead broke.

 
Banned
Participation Meter
Joined: Mar, 2007
Posts: 732
Posted: #54
Quote Originally Posted by FriedShrimp:

A little rusty but still shot two under on the back.  Colder than hell AND wind

Sounds like you aced the windmill and loop de loop holes.
Any others that you got holes in one on?

 
All-Star
Participation Meter
Joined: Mar, 2006
Posts: 14715
Posted: #55
cd, i am one of those regular workers
 
I make peanuts and have to work 10-20 hours overtime a week to make ends meet
 
I bought my first house last week.
I pay my bills on time
15% of my weekly income goes into my retirement fund
But I am not affraid to work long hard hours to make a life for myself. 
I believe in personal responsibility
I believe in our country helping out the worker, without unions if i get laid off I have the option of unemployment. 
 
I have seen abuses of power within unions since I started in the construction business, and I believe that regular workers need protection against unions at times. 
 
regardless everyone wants to make more money. 
 
why cant they just work for it?
 
 
 
Veteran
Participation Meter
Joined: May, 2005
Posts: 1093
Posted: #56
Clearly major wage restructuring needs to happen top to bottom.   Let's keep in mind they are not going to survive doing things like they have been.   It may be cold-hearted but if that means replacing the high paid line workers with lower paid ones than so be it.  Also the management structure also needs to be streamlined and cuts need to be made where overlaps occur.  Obviously no bonuses should ever be paid until they are making profits.  Let's stop feeling sorry for these poor assembly workers who are making 100K a year.  Look at your local newspaper and you will see that even the highest paid assembly jobs in your town are $15-$20 an hour.  For the big three to survive they need to look at top to bottom wages and analyze what point they need to be at to be viable. 
 
Hall of Fame
Participation Meter
Joined: Jan, 2008
Posts: 20685
Posted: #57
These auto wokers are not making $75 an hour.  It might cost the company that much if you factor in overhead but that's not going to the workers.
 
Factoring in overhead is very subjective..... rent, interest, etc.
 
Covers Linesmen
Participation Meter
Joined: Oct, 2005
Posts: 66698
Posted: #58
Quote Originally Posted by FriedShrimp:

These auto wokers are not making $75 an hour.  It might cost the company that much if you factor in overhead but that's not going to the workers.
 
Factoring in overhead is very subjective..... rent, interest, etc.


link

$70+ per hour includes salary and benefits
 
Hall of Fame
Participation Meter
Joined: Mar, 2004
Posts: 21655
Posted: #59

Quote Originally Posted by KOAJ:



link

$70+ per hour includes salary and benefits

 

oh look a link to a union busting site.

KOAJ, after the big 3 go out of business what do you think toyota is then gonna pay its workers since it will have the monoply here in the U.S.A. and free to do whatever they want to do with wages?

My guess is that 48 per hour number will grop to below 15 in a very short time because these foreign jerks are going to believe they can pay people dirt cheap wages and get away with it.

 
All-Star
Participation Meter
Joined: Mar, 2006
Posts: 14715
Posted: #60
does anyone else think that 48 dollars an hour is an obscene ammount of money for an autoworker???
 
and that 70-90 dollars an hour is just rediculous??????? 
 
man I need to get in on that racket. 
 
no more overtime for me.
 
Covers Linesmen
Participation Meter
Joined: Oct, 2005
Posts: 66698
Posted: #61
cd - the link is to a financial blog posted by a prof atUMich B school

rick - the racket will end soon. american companies cannot compete in a global workforce paying their workers obscene amounts of money when others dont
 
Covers Linesmen
Participation Meter
Joined: Oct, 2005
Posts: 66698
Posted: #62
they wont go out of business, they will have to drastically scale down operations

chapter 11 can help do that. no more job banks
 
Hall of Fame
Participation Meter
Joined: May, 2003
Posts: 28196
Posted: #63
just saw an article that Ford is trying to cut $1 billion in spending by cutting salaries and capital expenditures but they owe over $13 billion to retired workers and their families for healthcare and other things.  Ford should hire Isaiah. 
 
 
Veteran
Participation Meter
Joined: Sep, 2003
Posts: 3360
Posted: #64
I do agree though that management is 100% completely at fault in Detroit, but the reason is for giving in to the UAW's demands that they knew could not be sustained only while greasing their own pockets in return.
 
wow cd, why are UAW workers better people than Southerners?  Aren't they all Americans?
 
You must understand that you are also saying that manufacturing workers that put together "cars" are way more important / productive / skilled than any other type of manufacturing in the world based on the Detroit 3 figures.  There are skills in any kind of manfacturing, but they are more similar than disimilar.
All Forums | Politics
About Us
Contact Us
Careers
Our Team
Brand
Testimonials
Betting Guides
Sportsbook Reviews
Sports Betting News
Podcasts
Responsible Gaming
Sports Betting
US Betting Sites
Canada Betting Sites
Canada Casinos
Best Betting Apps
Contests
Streak Survivor
King of Covers
Ultimate Race
Office Pools
The Covers community has
618,670
lifetime members worldwide
Covers 25 Years Logo Established in 1995,
Covers is the world
leader in sports
betting information.
Site Map Help Privacy Terms of Service youtube logo facebook logo twitter logo instagram logo linkedin logo google news logo
Covers is verified safe by: Evalon Logo GPWA Logo GDPR Logo GeoTrust Logo Evalon Logo
Copyright © 1995 - 2025 CS Media Limited All Rights Reserved.

If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.