advertisement

The world-famous Internet site of the Nationally Syndicated Neal Boortz Show!

Search Boortz.com
Enter search terms:
Browse Boortz.com
Today's Nuze

THE BOORTZ CAVEAT

While listening to The Neal Boortz show or reading Nealz Nuze there is a strong likelihood that you will hear or read material that is critical of Barack Obama or the liberal agenda.  In keeping with the dictates of political correctness it is hereby acknowledged that any critical comments by Neal Boortz, a white guy, of Barack Obama, a black guy; or any comments critical of the Democrat agenda, is, by default, hate speech.

UNIONS KILL THE BAILOUT BILL

By
Neal Boortz
@ December 12, 2008 8:33 AM
Permalink | Comments (37) | TrackBacks (0)

Wow! We could have written that headline at the beginning of this mess. Unions seem to take great delight in standing in the way of reform that could possibly save their jobs. Remember when the airline pilot's unions killed Eastern Airlines?

All the unions had to do in order to get the Republicans to go for this $15 billion bailout was to promise to reduce union wages to the level paid to automakers in the Toyota and Nissan plants by the end of 2009. No way. They weren't going for it. So now GM has hired bankruptcy council.

(By the way ... in answer to the question of who would buy a car from an automaker that was going bankrupt? I would -- I did -- Just yesterday. At this place. There are some pretty amazing deals out there. Trust me.)

Did you hear about the riots? Yeah .. the riots. Senator Jim DeMint of South Carolina knows that a vast majority of Americans used to be absolutely opposed to the idea .. as time has dragged on, that number has gone down slightly. But the point is that this auto bailout - which is really a union bailout - still has many of you upset. You are tired of the government picking winners and losers. You are tired of the unions dictating business practices. You are thinking about your grandchildren who are really going to bear the brunt of this massive spending spree.

DeMint, and he brought up an excellent point. GM is in a better financial situation than the government that wants to bail it out. The only difference between these two failing entities (GM and the government) is that the government can print the money. GM can't.

So where does this lead us? DeMint says that if a bailout passes we are going to see riots: "We're going to have riots. There are already people rioting because they're losing their jobs when everybody else is being bailed out. The fairness of it becomes more and more evident as we go along. The auto companies may be hurting ... but there are very few companies that aren't hurting and they're going to hurt. We don't have enough money to bail everyone out." He's absolutely right .. we don't have the money. Government politicians who are drunk with power think that they will be able to bailout the people that support their power. This auto bailout is no exception. Riots? No ... I don't really think so. Take the dubs off the market, and maybe so.

That leads us to the unions. For months, politicians have been creeping around the real source of this auto bailout: the unions. They know the UAW is the problem but they are too afraid to say it. Why? Because of exactly what I said before: power. But Jim DeMint says, "The primary driver behind this is the unions, because bankruptcy allows the auto companies to basically restructure all their contracts in a way that a bankruptcy judge says will make them sustainable ... And if they do that, then essentially the unions lose all their leverage. It's the unions that have brought them to the brink. So definitely, I think the reason they want a political solution and a car czar is because a car czar can protect the unions through this whole process at the expense of the taxpayer." Makes sense ... so why did the UAW stand in the way of this $15 billion? I'll tell you why. Because they know they can get the full deal as soon as the Democrats take over, without any strong wage concessions. They're betting that GM doesn't pull the bankruptcy lever before PEBO gets sworn in.

Now back to these riots. Do I think there will be riots? No. And that's because I don't believe that the people of this country really care all that much. They may think they do, but when was the last time they contacted their Congressman or Senator to tell him? When was the last time they turned off Entertainment Tonight and picked up a history book? Sure the phone lines on talk radio shows will ring for a while, but that will die out quickly. You have Christmas to worry about. I don't blame you. But just know that when you return from your vacation, and Barack Obama is sworn in, and the new Congress is ready to enact its agenda .. that is just the beginning, folks. There's a lot of work to be done, and I'm afraid I don't have the faith that the people are willing to fight for it.



0 TrackBacks

Listed below are links to blogs that reference this entry: UNIONS KILL THE BAILOUT BILL.

TrackBack URL for this entry: http://boortz.com/blogging/mt-tb.cgi/15332

Jamie Dupree's Blog

If you enjoy Neal's daily chat with Jamie Dupree, you'll love Jamie's Blog! Check it out for analysis of the campaigns and goings on in Washington D.C.

Belinda Skelton, Cristina Gonzalez and Laura Nunemaker assist in the daily preparation of Nealz Nuze!


Avg. rating: N/A

What others are saying

  • Rent-Seeking
    This is a classic case of rent-seeking. Rent-seeking is at the bottom of many of America's problems, including poorly maintained roads and bridges.
  • Bailouts
    Its time to put an swift end to these stupid bailouts, and this UAW bailout is a great place to start.

    Let 'em go pick lettuce in California, as there are enough salad-heads out there to employ every UAW member for the rest of their lives.

    -Dave
  • Bailout the Big Three? Or the UAW?
    Normally, when I give Ford or GM money, I get a car in return. The union guys go in and take the stockholders tools and materials and make me a car. I have always heard how lazy they are, how everything is "not my job" and "union rules won't allow that." I have also heard of them getting paid for make-work and getting 95% pay for lay-offs.
    This seems to be the ultimate destination of the game. Now we just send them money and they do not have to do anything. They have to make no cars. They just get my money. That's it - the whole transaction is "Give me your money or else". I feel like I am being robbed at gunpoint, hands in the air.
  • Bailouts
    Santa wants one too, so do the governors and mayors.When can I gt mine?
  • Here comes Global Government!
    Put down those ipods and video games. Time to pay attention folks. Stop keepin up with the jones's and being too cool to pay attention. Global government is here. The Big three bailout is a smokescreen. The Big 3 will be nationalized soon. Fascism is here folks. Global government is coming very soon. Problem-reaction-solution, Global government creates problem=Financial Crisis then Global government reacts to the problem=Nationalizing Banks,Bailouts,False flag terror attacks,stimulus packages and print money with no backing then they come up with solution=New currency,seized pensions,fema camps and breadlines. Did you wakeup yet? Visit sites like Global research.com,roguegovernment.com,infowars.com,blacklistednews.com and infocombat.com for news your corporate news agencies omit or fail to give you everyday. Time to wakeup from the matrix and grow some because global government is coming soon. You will welcome it because the alternative will be hell. Pay attention before it's too late. IMF,World Bank, Trilateral Commission and central banks will be our new Big Daddies if we allow this to happen. I know the news is terrible but when congress is threatened with martial law if Tarp bailout bill wasn't passed in October...yes Martial Law! Do a google or youtube search on congress threatend with martial law. This is scary folks. The fascists have taken over with the bailout bill. We now have a financial dictatorship at hand. The International Bankster Gangsters have succeeded with this takeover of our financial system. This is something they've been planning for the last 20 years to usher in Global government and currency. This was done through funny money,derivatives and fractional reserve banking. Where is the IRS incorporated at? Is the Federal Reserve Federal? The new reality is here and we let this happen with distractions with infotainment,Ipods,videogames,sports,movies and little petty things. They tell us it's not positive to get mad, Stay away from bad news=real news and read positive and fun stories=fiction,non-reality to keep us all in the matrix. Oh! Take your Prozac like a good patient=sheep.
  • Have you Test-driven Reality Lately! (probably not;)
    AKA: Ford's Plan to Congress on Dec. 2. 2008 - One is different from the rest!

    #Disclaimer: Frustrated Ford R&D Engineer who is unhappy with the media bias not properly explaining how Ford stands apart from GM and Chrysler!

    ***Neal!***
    Why wouldn't you buy a Ford and support the only one of the Big 3 who has been doing the right thing and wasn't asking for a bailout?!? Ford is in good shape and well capitalized thanks to CEO Alan Mulally, former savior of Boeing.

    Ford's balance sheet is looking really good, their cost cutting since 2001 has been stellar, the negotiated a better deal with the UAW last round than GM or Chrysler AND they quality is now near equal Toyota based on independent measures like JD Power and Consumer Reports...but you wouldn't know it from lack of info from people like you.

    If you want to beat up on GM and Chrysler...fine, but the only reason that Ford came to Washington and asked for a "Line of Credit" that they don't expect to tap is that if either falls over it could cripple the supply chain and economy and Ford along with anyone making a car in the US (Honda, Toyota, etc.) would also be screwed over with no parts or customers.

    You could make your point better by using Ford as the exception and shame on you for neither spending on the one exception of the Big 3 that is already on the road to success...Ford!

    Here's an article for you all:
    http://www.businessweek.com/autos/autobeat/archives/2008/04/fords_uphill_ba.html



    ----------------------------------
    FORD MOTOR COMPANY SUBMITS BUSINESS PLAN TO CONGRESS

    On Dec 2, 2008 with specific details on both business and fuel economy roadmap. Ford stands alone from the other big three demonstrating the dramatic changes they already have made, the even more aggressive turnaround and fuel economy improvement plans and a more realistic yet positive profitability estimate.

    Summary:
    http://media.ford.com/article_display.cfm?article_id=29505

    Direct Link to full plan:
    http://media.ford.com/images/10031/Ford_Motor_Company_Business_Plan.pdf

    Rough summary:
    *Ford is asking for access to up to $9 billion in bridge financing, but reiterated that it hopes to complete its transformation without accessing the loan should Congress agree to make the funds available.

    *Based on current business planning assumptions, Ford expects both its overall and its North American Automotive business pre-tax results to be breakeven or profitable in 2011.

    *Ford provided initial details of an accelerated vehicle electrification plan for a family of hybrids, plug-in hybrids and battery electric vehicles. The plan includes a Ford full battery electric vehicle (BEV) in a van-type vehicle for commercial fleet use in 2010 and a BEV sedan in 2011.

    *Ford’s plan calls for an investment of approximately $14 billion in the U.S. on advanced technologies and products to improve fuel efficiency during the next seven years. ($5B is from hopefully separate $25B retooling money already approved, but targeted only for fuel economy related.)

    *Ford said it will sell its corporate aircraft as part of its overall cash improvement plan.
  • "we don't have the money. "
    We have long passed the point in this country where we are spending money we don't have. We are now spending money we will NEVER have.
  • Neal's Nu Kar
    Ok, I'm dying to know. What did you buy at Jim Ellis Chevrolet? And also, the link didn't work.
  • UNIONS
    First the GOOD news. The weinie Republicans finally got a spine and squashed the sell out. Hoorah!

    Now the BAD news. GWB the RHINO he is
    is now going to circumvent Congress so the unions will get their way once more.
    Makes me want to vomit.

    Bail Out:
    "The one good thing about Obama is that he won't be getting a free pass for the next 8 years." I strongly recommend your back off on your illegal drug usage. They are affecting your brain.
    The ChØsen one was given a free pass by the leftist media during his entire campaign. His Hate America First buddies in Congress will bow and scrape for their new saviØur.

    SHERA: Love your "ChOsen" I've appropriated it and made a change. The O will be a zero which I think is more accurate. Am going to try the zero with a slash since O and 0 are too similar.
  • Democrat payoff to unions
    The unions got paid off and will get even more after BHO is sworn in. The union chiefs flipped off America with their refusal to work with the big three to save their jobs. At least half these auto workers will be umemployed six month from now thanks to their union leaders and the price they pay for voting for Obama. Blame theirselves, they voted for him.
  • HOLD UP A MINUTE!!!!!
    I can't believe that so many people including the TALK MASTER himself is buying this hype. People, take a little trip back to early summer. We are rockin on and suddenly 6% of the mortgages in the country are being forclosed. Suddeenly the ALL POWERFUL Fannie & Freddie may go in the tank.

    PANIC!!!!!!! Now Obama starts talking about higher taxes, etc, etc. Politicians start telling the people they must do something quick before the economy collapses. People start pulling money out of the stack market.

    ...and here we are. Up to that point we were not hearing about all these companies about to go belly up.

    When are some of you going to wake up and see things the way they are, Dems standing in Congress, throwing money at the very people bi*ched about to you to get elected. OH! But its all the Republicans fault. Dems are in control, giving away trillions of dollars and nothing is happening.....

    ...Please why don't some of you wake up before the car hits you....IT POLITICANS - Period. And they are all playing you for fools!
  • Unions
    Another heavily unionized industry is the airline industry. A good while back, Delta was in trouble. I don't remember them running to the federal government with their hand out. They filed bankruptcy and began the long process of restructuring, which included renegotiating with the unions. Delta came out of bankruptcy a more viable company, and they have since merged with Northwest to become the largest airline in the nation.

    Why can't the automakers follow the same model? If I was a CEO of one of the big 3, I would prefer and recommend to the board of directors and shareholders that this would be a better option. As opposed to, getting a bailout from the federal goverment and then in a few months, being back in the same situation, because we are still tied to the outrageous union contracts.
  • Change in Leadership
    If it’s a change in leadership the car manufacturers require then it might be best to put the CEO’s of big tobacco in charge. Big tobacco has taken its hits and continually risen to the occasion. First were allegations of health problems related to tobacco, then lawsuits, followed by discrimination in bars/clubs/restaurants for smokers and non-smokers. Now use of the product practically ostracizes you society. Big tobacco sells a bad product (depending on who you are talking to) but their product continues to remain relevant and profitable. I’m not supporting the use of tobacco, but it seems like big tobacco has figured out how to get themselves out of a bad situation and stay around… regardless of how bad their image may be.
  • I beg to differ (cont)
    Kalo is trying to do this in the spirit of a ‘bailout’:
    “Since when is Lorain Mayor Anthony Krasienko, a Democrat, in the business of using the city's federal grant money to take burdensome mortgages off the hands of quasi-public agencies? That is, the Lorain County Community Action Agency's two mortgages. The agency is at 502 Broadway and part of 506 Broadway.

    Council members, all Democrats, are being asked today to approve a deal that would use $450,000 in federal funds the city has to buy the LCCAA mortgages from a Texas company, which will write off another $400,000 and leave the LCCAA owing Lorain about $2,500 a month instead of owing the Texas firm $6,000 a month.



    And there's more .... the deal opens the door for the LCCAA to move south into a building at 668 Broadway that County Commissioner Ted Kalo, a Democrat, needs to sell quickly to get out of a foreclosure situation of his own; the LCCAA would become the tenant Kalo needs in that building in order for his deal to click. Kalo said the LCCAA would benefit by getting more working space and better parking.

    ......If all these deals are approved, the end result is that the LCCAA is off the hook, Kalo is off the hook (and looking better in his re-election campaign). And the city of Lorain is out $450,000 of its federal grant money that might have been used to benefit others in the city in other ways. And the city of Lorain owns another downtown Lorain building with an uncertain future occupancy. A building that is, coincidentally, a neighbor to the offices of Kalo's lawyer, Anthony Giardini, who is the city Democratic Party boss.
    http://morningjournal.com/articles/2008/10/06/opinion/mj99042.txt

    Gotta love how the "we care about the working class" Dems will forgo helping them to bailout their own, with public funds.

    The Democrats have sold their brain-dead constituents a rancid bill of goods, and they keep buying it.

    I have frequently e-mailed these "representatives" about their input into domestic and foreign policy decisions. The tap dance I get in return makes Fred Astaire look like an amateur.

    Just TRY to vote them out. It's not possible in a Democratic stronghold with a bunch of morons for voters.
  • I beg to differ....
    "They may think they do, but when was the last time they contacted their Congressman or Senator to tell him?"

    Neal,

    You wouldn't believe how many e-mails I've sent to Betty Sutton, Sherrod Brown, and George Voinovich. The first two are Democrats and the last one is a RINO. This is something I wrote on my own blog:

    I live approximately 30 miles west of Cleveland in a town called Lorain. I spent 30 years in the United States Army, and each trip home on leave, I saw more and more deterioration.

    I have watched my town go from a reasonably employed and populated flourishing place, to a virtual ghost town. The Steel Mill and the Ford Plant are barely existing. Many of the businesses in the downtown area have been boarded up and long gone. The Lakefront area, prime for development and recreation, is languishing. The sad fact is that many of the residents are complacent to the point of being comatose.

    .....The once thriving industrial base was wiped out, in part, by unions. Businesses and corporations have no incentive to invest in this area, and who can blame them? The Lorain City government throws up so many roadblocks in the form of high taxes, red tape, and bureaucratic stupidity, that unless we throw all of them out and start over, they'll be no resurgence for this town.

    .....A leading democrat, Ted Kalo, is probably too busy trying to save his business to care about others:

    "Lorain County Commissioner Ted Kalo is hoping to work out a deal that will prevent his downtown business Ted’s Floor Coverings from slipping into foreclosure.

    Lorain County Common Pleas Judge James Burge approved a foreclosure request Friday from CIT Small Business Lending Corp. as Kalo is continuing to work out a deal with them to sell the building. CIT’s lawyers gave him until Oct. 1 to work out an arrangement for the Lorain County Community Action Agency to move into Kalo’s building, 668 Broadway, and the company would revoke the foreclosure if the deal ends up piecing together."
    http://morningjournal.com/articles/2008/10/05/news/doc48e847a2ec177974863603.txt
  • This is WHY the automakers SHOULD fail...
    The Unions just proved, once again, that they are at the heart of this crisis. They want jobs, just not enough to reduce salaries in an effort to save jobs. If the unions REALLY wanted the auto industry to be saved, they'd realize that without concessions on salary, the big 3 are destined to fail eventually. This, of course, would leave the union with zero income and a class of people (millions of them) without any jobs whatsoever.
    This, of course, comes as no surprise. The unions don't care or understand how businesses work. They want dues. Period. Their short-sighted approach to the problem is systematically anti-business (a strange tactic when you consider that without business, there is no jobs and therefore no union). The unions WANT the big three to either fail, leaving their members jobless and screwed, or to use their power to force elected officials to bend to their will, just like they've made the big 3 bend.
    And Dumbocrat after dumbocrat continue to ignore the fact that the unions have pushed the wage and entitlements to a level that makes the auto industry in the United States completely unprofitable. The Republicans are right on this one. No money unless and until the unions play ball. Period. You morons in the unions want jobs? Tell your union fat cats to get off their butts and compromise. The unions refused to even entertain wage and benefit cuts, no matter the number. If their members salaries decrease, so does the amount the UAW pulls in. Greedy unions continue to destroy american business and the morons on the left refuse to see it. I say the time has come to force the big three to file chapter 11, restructure, kill the unions, and start fresh.
  • BAILOUT
    Neal brought up an excellent point that I had not thought of. We are being played, bigtime. The unions would not agree to wage concessions because they WANTED this to fail. They WANT to wait until the chOsen One takes office with a new congress. They will then get everything they want and THEN SOME!
    IF GM execs have a brain in their heads they need to file for bankruptcy NOW!
    Restructure. It is the only way to rid itself of that cancer called the UAW.
  • GM vs Ford
    Neal,

    Why'd you buy a GM. Should you be rewarding Ford with your "hard-earned" dollars because they aren't going to the guvmint hat-in-hand?
  • Government running auto companies
    Anyone remember the bailout "K" car?
  • Rock out on Welfare
    So long as there are government hand outs, there will be no rioting or revolution. Until the system is completely broke, people will not learn.
  • Shocked
    What I can't believe is that the Senate said, for once in their life, "No". Damn, maybe intelligence isn't completely dead in government, critical maybe, but not completely.
    To add to my previous entry, I don't believe that chapter 11 is going to be much of a benefit, if any, given the current and future economy either. Maybe it's inevitable that the Unions be cleansed from the auto industry bowels this way. Either way, something dies.
  • Why Should They?
    Besides the unions adding an average of $2000 to the cost of each vehicle that come out of Detroit, why would the Republicans want to help any area of the country that rejects them over and over and keeps going with the lunk-head Democrats that keep them down after election after election. They would vote Mr. Magoo into the public office over a Republican so.... go call your Mr. Magoo and let him help you.
  • Unions Kill Bailout
    There are three stooges here mucking up the works!

    1. Congress for their meddling and CAFE standards that make the auto makers produce product that is sold for a loss or is not wanted in the marketplace. I would have loved to see The exec's question "Congress's" budgeting skills (red, red & more red).
    2. The unions. The wages are less of an issue than the work rules. How can you develop a more efficient line when you have to go through mile of red tape and union steward meetings to make a change. Lean & mean is flexible, current work rules are not. Then add the jobs bank and you can see why they are bleeding red ink. And the years of tolerating poor execution of a product by their members. ( I do not say that is the current case)
    3. Management, they have had some culster @#$%^ with product design, lack of forsight, and not driving home quality until it was almost too late, and the brand was damaged. Not battling the Unions demands earlier to control the damage when things were "fat".

    The best thing for the big three would be to file for bankrupcy, then ask the feds to step up to back the Warranties of cars to clear the concern of potential buyers.

    I like you stepped up and bought a Buick last week, for less than I paid in 2002 for a car. (you may see me holding up traffic in a left lane near you, (not)). In initial review it is probably the finest car I have owned. I hope it continues in the pattern of my previous vehicles including my 91 which all have had 100k+ miles and no problems. Just normal maintenance.
  • Eastern Airlines
    Neal you have no idea what you're talking about when it comes to Eastern Airlines. Lorenzo came into that company and sold it off piece by piece in order to gain the most profit for himself before bankrupting the company. The responsibility for the failure of Eastern falls squarely on the shoulders of Lorenzo. I understand in this auto situation the unions are more than likely mostly responsible but you cannot accurately equate this to the Eastern situation.
  • Unemployed Auto Workers (UAW)
    If this doesn't prove beyond doubt the ravenous greed of union thugs and the abysmal stupidity of the average union "worker" (I use that term very loosely), I don't know what does.

    If you are confronted with the option of a pay cut from perhaps $30/hr to, say, $20/hr vs. drawing $200/wk or so in unemployment for 6 - 9 mos. and you take the unemployment option, it proves not only that you are stupid but that you also didn't do very well in math in school.

    This inability to engage in rational decision making and take personal responsibility, sadly, is becoming the norm rather than the exception in our dying country. Idiots like this gave us the Messiah. "NO, WE WON'T."
  • Hold on now
    All this talk about how the automakers (Unions) are going to stay afloat with bailouts, bankruptcies, whatever, and who is going to take salary cuts and who isn't and how much and blah dee blah dee blah doesn't mean a hill of beans. The Big Three [may] wind up being the Big 1 (Ford) or Big None when it's all said and done. Although the cost of a new vehicle has gone down considerably because of the economic turndown, not many can afford to buy them anyway. New car -or- groceries and mortgage (rent). No brainer.
    This recession is going to be long term and whether or not there would have been a 'bailout' those in the auto industry that are already in deep trouble can't possibly survive, short of a miracle. There is no viable market for the product in the near future. At least not enough to be profitable. Even the 'foreign' or 'other' automakers are feeling the strain, and some may eventually fail as well but at least they don't have the life blood sucking Union to drag them down faster. Just watch and see.
  • Union Kills Jobs
    This behavior repeats itself time and time again where unions are concerned. When Boeing sold much of his production unit to Spirit Aerosystems the union workers were offered a decent contract. it was about a 10% pay cut, but included wage increases to restore that 10% after 3 years, signing bonuses, maintained health and retirement benefits, and ensured that every current worker would have a position in the new company. The union refused and so Spirit effectively refused to hire all the workers and then offered the now jobless union workers the exact same contract - minus the bonuses and minus 2000 workers. So what did the union accomplish? Lost 2000 jobs and about $5000 signing bonus per worker. Yeah those unions and their leaders really have the best interest of the workers in mind...

    http://iamtheeviltwin.spaces.live.com
  • Unions Kill the Bailout Bill
    "Take the dubs off the market..." That's CLASSIC!
  • bail out
    Where in the constitution does it say that government should bail out any business or union. Congress must be reminded that it is their money they are spending.
    GM and Toyota sold the same number of units world wide Toyota made a huge profit. GM a huyge loss why.... Labor contracts..nuff said.
  • 1 Key Point
    Neal mentions 1 major point that basically sums up the whole problem caused by irresponsble politicians and unions in this country. Here it is: "Government politicians who are drunk with power think that they will be able to bailout the people that support their power." You've heard these politicians and union people say over and over again that "many jobs will be lost". It's just a smokescreen folks. It all sounds warm and fuzzy that they seem to "care" about those jobs, but the bottom line here is like Neal points out in his statement is that the politicians make sure they "pick" the right "winners" (or losers in my book) to give your tax money to. And those losers are the union infected "big 3" auto industry.
  • Give them a little bit
    Sadly, the American auto companies have built such a poor product for the last 30 years, that it's led them to this point. I vote that we give them about 1/3 of what they're asking for. Then tell them to make the best of it. Sure, it will probably mean they have to cut some lines, plants, people, but hopefully it will make them leaner and more efficient. I'm of the opinion that they've grown beyond what the market will support and as such have been operating beyond their means for years. If they're forced to tighten their belts, maybe they'll wise up and start operating in a mode that will encourage a survival instinct, as opposed to the arrogant attitude they've had for the last 30 years, all while the Japanese, Koreans, Germans, etc have built their products with ever increasing high quality and durability that people will come back for.
  • Exec Salaries vs Union pay for nonwork
    Actually I think there has been talk about executives taking cuts or not getting bonuses. The unions have lots of luxuries, they can get paid for doing NOTHING. They also can't be fired very easily at all. And if their job is eliminated they still get paid.

    There was talk about firing the CEO's. Only if the head of the unions are right beside them!!!

    Unions served a purpose many years ago for worker safety and work conditions. OSHA takes care of that now. As far as negotiating wages, I truly do not think that standing on an assembly line is worth $25 to $50 an hour, puh-lease!!! Companies are in business to make money, they have to be competitive, not just in their pricing but in job payment to get the best employees. Let competition determine the price of wages.
  • Who cares
    It wasnt just the unions that killed it, it is the idiots that run these businesses. I know republicans think they can invest in whatever they want cause the government will always give them money, but it is just now that the American people are saying "why are we investing our money in a business that the top investors in the country wouldnt buy a single share?" Its not unions, it is the fact that the government has been making a move towards intelligence rather than morals the past couple years. I wonder what that trend is...
  • Just don't get it
    While everyone that listens to the show is worried what happens after Jan. 20. The idiot that is still in charge, who put us on the hook for 7 trillion, is breaking out his money pen to sign money out of the tarp program over to the auto unions.

    The one good thing about Obama is that he won't be getting a free pass for the next 8 years.
  • Dems just as responsible
    I am frustrated by all the leftist talking heads this morning whining about how the Republicans acted irresponsibly in killing this bailout and that blaming the unions was blaming "the working stiffs". Didn't the Dems have a majority? They only got 35 votes!
  • Unions kill the bail out.
    Neal, you are being very hypocritical with all this fussing about the unions. They negotiated their salaries just as the executive management has negotiated theirs. I have not heard one mention that the executive staff would be taking cuts? I did hear that the CEO would be taking a salary of one dollar for next year, but common these guy's are slick, whatever he doesn't take in salary he will offset with some other perk. The union does not have this luxury. Also, does this mean that union workers and supervisors get to share the GM private air fleet?

    No, I do not work in a union shop. However, we all the time hear you fuss about unions, but what about white collar crime?

    Thanks for listening,

    Ken D.
    Acworth, GA
  • Timing
    So GM is has hired bankruptcy council? I am hoping for a situation similar to the end of Jimmy Carter's term. The bill won't get passed until the government changes hands. So I think GM should wait until Obama gets sworn in, then immeadiately declare bankruptcy. The irony would be so delicious! (I am allowed to dream)
send to a friend  view as printer-friendly  RSS feeds
advertisement
advertisement
advertisement