Should we just let GM, Ford and Chrysler fail?

*Pete* ^(Premo) · 11-10-2008, 01:52 PM

GM directly employs 266,000 people, Ford 90,000, Chrysler 133,000 with an estimated 4 million other jobs directly related to supplying parts and or services.

4.4 million jobs would be lost. Asia would have no domestic competition. Every dollar of profit spent on vehicles would leave the country destined to foreign corporate offices.

*Pete* ^(Premo) · 11-10-2008, 01:55 PM

Next question; should we allow companies to grow to the point they make up a large segment of our economy?

*Pete* ^(Premo) · 11-10-2008, 01:57 PM

Next question; Should we outlaw labor unions a monopolistic organizations that can ruin industries? Look at the 2 main industries involved with unions, Auto makers and airlines. Neither are/have been in good shape in decades.

kwillia · 11-10-2008, 01:59 PM

Quote:

Originally Posted by Pete

Next question; Should we outlaw labor unions a monopolistic organizations that can ruin industries? Look at the 2 main industries involved with unions, Auto makers and airlines. Neither are/have been in good shape in decades.

*ding* *ding* *ding* Winnawinnachickendinna.

*ylexot* ^(Premo) · 11-10-2008, 02:02 PM

Quote:

Originally Posted by Pete

GM directly employs 266,000 people, Ford 90,000, Chrysler 133,000 with an estimated 4 million other jobs directly related to supplying parts and or services.

4.4 million jobs would be lost. Asia would have no domestic competition. Every dollar of profit spent on vehicles would leave the country destined to foreign corporate offices.

Abso-figgin-lutely!

*Pete* ^(Premo) · 11-10-2008, 02:07 PM

Quote:

Originally Posted by kwillia

*ding* *ding* *ding* Winnawinnachickendinna.

Deal Journal - WSJ.com : Why GM Says Bankruptcy Is an Impossibility

*Pete* ^(Premo) · 11-10-2008, 02:09 PM

Quote:

Originally Posted by ylexot

Abso-figgin-lutely!

Do you think that Japan and Europe will buy up parts of the Big 3 and absorb the workers and the UAW contracts?

*ylexot* ^(Premo) · 11-10-2008, 02:11 PM

Why can't the companies go to the unions and say, "you have to take pay/benefits cuts or the company closes permanently"? Are the unions the only ones who can make demands?

BTW, every time that I have seen a spokesperson/proponent for the "loan", it has been a union leader...

*itsbob* ^(Premo) · 11-10-2008, 02:12 PM

Quote:

Originally Posted by Pete

Do you think that Japan and Europe will buy up parts of the Big 3 and absorb the workers and the UAW contracts?

MAYBE, or at least everything but the UAW part.

What will be interesting to see is Detroit, all the empty factories, warehouses and distribution centers, but the Union offices will have packed parking lots of their 'officials' driving new Lexus', BMW's and Mercedes.

What has the Union offered to help these companies stay afloat and ensure their members have jobs in 6 months? Anything?

*ylexot* ^(Premo) · 11-10-2008, 02:12 PM

Quote:

Originally Posted by Pete

Do you think that Japan and Europe will buy up parts of the Big 3 and absorb the workers and the UAW contracts?

Yes.

11-10-2008, 01:52 PM	#1 (permalink)
Pete ^(Premo) Vigorously indifferent Member Since: Jan 2003 Location: Hollywood Posts: 51,830	Should we just let GM, Ford and Chrysler fail? GM directly employs 266,000 people, Ford 90,000, Chrysler 133,000 with an estimated 4 million other jobs directly related to supplying parts and or services. 4.4 million jobs would be lost. Asia would have no domestic competition. Every dollar of profit spent on vehicles would leave the country destined to foreign corporate offices.
	[ Reply w/Quote ]

11-10-2008, 01:55 PM	#2 (permalink)
Pete ^(Premo) Vigorously indifferent Member Since: Jan 2003 Location: Hollywood Posts: 51,830	Next question; should we allow companies to grow to the point they make up a large segment of our economy?
	[ Reply w/Quote ]

11-10-2008, 01:57 PM	#3 (permalink)
Pete ^(Premo) Vigorously indifferent Member Since: Jan 2003 Location: Hollywood Posts: 51,830	Next question; Should we outlaw labor unions a monopolistic organizations that can ruin industries? Look at the 2 main industries involved with unions, Auto makers and airlines. Neither are/have been in good shape in decades.
	[ Reply w/Quote ]

11-10-2008, 02:11 PM	#8 (permalink)
ylexot ^(Premo) Super Genius Member Since: Feb 2004 Location: St Inigoes, MD Posts: 10,816	Why can't the companies go to the unions and say, "you have to take pay/benefits cuts or the company closes permanently"? Are the unions the only ones who can make demands? BTW, every time that I have seen a spokesperson/proponent for the "loan", it has been a union leader... __________________ It will be of little avail to the people that the laws are made by men of their own choice if the laws be so voluminous that they cannot read, or so incoherent that they cannot be understood; if they be repealed or revised before they are promulgated, or undergo such incessant changes that no man, who knows what the law is today, can guess what it will be tomorrow. Law is defined to be a rule of action; but how can that be a rule, which is little known and less fixed? -James Madison
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