McCain Says Congress Should Stop Giving Aid to GM, Allow It to Go Bankrupt
- Thread starter ASusilovic
- Start date
The UAW needs to go.
Quote from gnome:
No. I think the crapola piled upon us by Gummint is an entirely separate issue from GM's non-competitiveness.
GM has high costs (legacy, too) from UAW contracts. The UAW, and all unions, promoted an artificially high standard of living enabled by the lack of competition. But now, with globalization, union's high wages and benefits make them non-competitive. Either they will accept this and adjust downward or perish... no choice, regardless of however painful.
The "laws of economics" don't go away just because they are unpleasant for some.
And BTW... "the plan" is for [almost] EVERYBODY TO PAY THE PRICE FOR EVERYTHING.. except for Gummint, of course.
I guess we'll have to agree that the government sucks and disagree about the GM issue. I still believe the effects of this economic crisis have brought GM to their knees quicker than it would have happened. Was is going to happen eventually? Absolutely! But is this the right time to make the necessary corrections? I don't think so. Cleaning out the garage is not paramount when the house is on fire.
Problem we have is multifold. Primary is we have way too many greedy crooked f's making decisions for rest if us. Secondary is the mentality of quick solutions.
Putting GM out if business means putting out of business engineering firms, precision manufacturers and giving up intellectual lead to other countries. We're already doing this in alternative energy, greedy Fk retards rather drill more oil than make an investment in R&D. Greedy Fk's would rather shut down NASA and use that money to buy more bombs from military corporations which promise cushy retirements.
Solution is long term. First is tax the crook CEOs who offshore jobs and cut jobs locally so they can make billions from back dated options when stock price moves higher. Another major problem is the comatose voter who votes on basis of god, gays and guns instead of their pocktbook issues. Another are the unions and runaway govt beauracracy with cadillac benefits.
Putting GM out if business means putting out of business engineering firms, precision manufacturers and giving up intellectual lead to other countries. We're already doing this in alternative energy, greedy Fk retards rather drill more oil than make an investment in R&D. Greedy Fk's would rather shut down NASA and use that money to buy more bombs from military corporations which promise cushy retirements.
Solution is long term. First is tax the crook CEOs who offshore jobs and cut jobs locally so they can make billions from back dated options when stock price moves higher. Another major problem is the comatose voter who votes on basis of god, gays and guns instead of their pocktbook issues. Another are the unions and runaway govt beauracracy with cadillac benefits.