AP sources: General Motors to file bankruptcy - Yahoo! News
economy:argg:
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GM=Goverment Motors, kiss the fun vehicles goodbye
Going to be interesting to see how this plays out down the road. Cant say I am optimistic at all. Articles from Friday indicated the common shares would be wiped out completely (worthless), bondholders get pennies on the dollar, and the government ends up with a 70% stake and the UAW around 17%. Its an endless debate as far as who/what is to blame. Real shame though.
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Originally Posted by STUNNA
UAW :argg: :argg: :argg:
Its not unprofitable to make cars in US.
Just in northern dominated UAW states.
the american auto industry was never in danger till americans started to buy foreign cars. i dont care if they are built here. they are still taking money away from the fonders of american industry.
if you buy american the money stays in america, if you buy foreign even tho its built here money goes elsewhere. I blame it on society and not the industry
what happens to the warranty on vehicles?
some things will be honored just as any other application that has occured like this. Also they still have to make parts for vehicles for a few more years.Quote:
Originally Posted by STUNNA
EXACTLY! could not have said it better myself.Quote:
Originally Posted by Quik
Unions and union mentality are the cause for most financial problems in this country.
x100... this is actually the best thing that GM could do right now. Get rid of the overpaid unions and start from scratch.Quote:
Originally Posted by GasGuzzler
i agree to a point but if this country didnt have unions to start off with then this country would of been over a thousand plus 1 times since the big industry days.Quote:
Originally Posted by GasGuzzler
if you can weed out the bad workers then yes im all for them
its funny cause this is stuff my grandpa has been preaching to me about since i was like 4.
he alsayw said the above 2 reasons...
1) not buying American (btw check out howtobuyamerican.com)
2) gratuitous amount of union power
so gm gonna shut down some plants and little dealerships?
Meh, its about time. What's gonna happen to the UAW? The article said nothing about it.
the unions gave our parents and etc work. they allowed our families to have food on the tables. you have these liberals and their bs then you have foreign industrys come into your nation and provide jobs. yes such a great thing ppl are working....o wait the money goes to their homeland and not ours. Now wait its cause the UAW wanting so much money. sorry its not from that. this can go on to become a huge politicaly debate and get ugly.Quote:
Originally Posted by jcormier89
Quote:
Originally Posted by GasGuzzler
X10000Quote:
Originally Posted by DBRODS
But if you look, there is no mention of Pontiac staying. The "4 Core Brands" are Chevy, GMC, Buick, and Cadillac. But yeah, the fun vehicles will die off...for now. :sadnana:
and hummer will be bought by ???
I think they will have to keep the the vette in the line up. But yeah Unions suck.
There ain't no union in this world that helped me or any of my family. Take that to the bank.
Someone else (anyone) needs to compare and contrast union mentality, communism, socialism, us govern...never mind.
wasnt for unions some trades wouldnt get paid what they deserve you would have BS contractors paying next to nothing for a skilled trade. Unions help the worker get paid for their skill and help ppl keep their jobs that deserve them. Now yes there are ppl that work the system and are able to keep employed by the union protection. I disagree on this but am for the protection. Without union you have no secruity in a job
Part of it is mismangment.
Ford while not doing great is completely solvent and has taken
zero money in government bailouts.
Who or What says anyone ever deserves or is intitled to job security ?Quote:
Originally Posted by Quik
You work hard, the company makes money and keeps you employed.
Want job security ? Go start your own business, you can work what ever
12hrs a day 6 days a week you want and no one can fire you.
You also get 100% profit.
Here's a good example of the union pay offset I see.
A skilled crane operator in Texas makes $15-20
A skilled crane operator in chicago, NYC, Boston, ect. $35-50+.
Unions force companies to put 2 men on cranes that 1 man operates
just fine down here.
If there was no union competition would have found the best workers, minds, locations, ideas, etc. instead of forcing people to hire people or make management keep underachieving employees. It's the mind turds of laziness that say tenure means a crap or paying dues to yet another political organization makes one person a better worker than another. There is a +1 for Texas, a non-union State that should be its own country AGAIN.
this is exactly one of hte reasons this nation has fallen. This mentality is going to be the end of this nation. Same reason why we have a blackman in office. Unions have always provided security to the hard workers and protect the workers from BS management and the white collarsQuote:
Originally Posted by r.barn
+1Quote:
Originally Posted by GasGuzzler
Wait....Texas isn't a country?
Unfortunately, no. But we can change that. :D
There's a App for that...Quote:
Originally Posted by txarkitekt
Quote:
Originally Posted by DBRODS
:tvhaha:
:bow:
:LOL::LOL::LOL:Quote:
Originally Posted by ChevyLee
At one time, unions were good. Those days, as far as I can tell have been long gone for quite a while.
But its not just one single thing that's landed gm the way (or any automaker for that matter) to the level its at now. Yeah, not buying American, yes unions, greed, and could probably go on for a while like that.
Kind of wish things here worked off of sink or swim. If you get to a low level, as long as you can float you're not sinking. We need to not be able to get benefits just because you're alive, or that you can work the system, or tell some bs reason that makes it hard for people who need real help. Not because we want everything in HD, or everyone having internet.. more like because someone went over seas and had their legs, or hands or something blown off. Not because you spilled coffee in your lap, and your attorney can out argue the other guy.
The world we live in today is utter bull, where the minority prospers, and the majority suffers. In my opinion, the extinction of the human race has begun.. and there's not single thing a single person would be willing to do.. only reason as to why, its all about the one, the only, me.
Now that is where this world, not just this nation, has gone to.
Get rid of the Unions... Get rid of the problems! As a Texan, I'm tired of supporting these midwest, yankee states... It's the Robin Hood Act! Look at every state that has high unemployment right now including California, which will be next to file bankruptcy. My parents, nor my grandparents ever benefited from a Union and/or never were part of one and we didn't go without. Times have changed and the day of the Unions is gone... if not, America as a whole will never get out of this hole. Do Work Son!! Don't hide behind a Union cause your a weak minded lazy slacker.
:rock:...... well said.... "self made" sounds alot better than union worker....lolQuote:
Originally Posted by DBTBSS
Ive seen both sides.... Unions are a drain on good hard working Americans, they promote lazy low hour workers that dont have to work hard for promotions or what they want... its just handed to them, deserving or not... I know, ive tried it...
I agree that at one time, unions were good and had good intentions.
So was the KKK when it was started, but you sure don't see many people running out in the open to defend it now.
Times have changed, so must the way of doing business. Unions have inflated the wages so bad, that people *think* that is what the going rate is and/or should be.
Is there a reason why Texas isn't seeing the depth of problems the rest of the country is having? Dunno, but it sure makes a good argument.
aw i thought we were :sad:Quote:
Originally Posted by DBRODS
:LOL: this is pure awesomeQuote:
Originally Posted by DBRODS
this is very true there really hasn't been a need for the unions since the 40's or 50's it drives me crazy, my job security is being proud of my job, working as hard as i can, and doing my job above and beyond what is expected, that isnt just job security there's further job opportunity there too.Quote:
Originally Posted by DBTBSS
I am a union worker. As sad as it is to say I stopped labeling myself as one. For the reasons you have stated. I go to work ON time, ON the days I am scheduled and more, Do more then my job, Come on exhausted and repeat the next day. I dont make a dime more then the chump that is on his "last chance" warning for missing days, spends 4 hours of a 12 hour shift on smoke break and right when hard is started he disappears. When unions began it was to help the hard worker... Now it is to protect the lazy.
If the unions would give the boot to the ones they know are giving them the bad rep (and they know exactly the ones) Making way for good employees that are in need of a job the world may change a bit. If the unions werent backing the lazy people so much you know the companies could clean house.
Damn right, could not of said it better myself. Made in the USA...it matters! I hate the stupid excuse of well it was made here in the USA, still a japanese vehicle. But all profits go overseas.Quote:
Originally Posted by Quik