Quote Originally Posted by tony
When companies like Honda can turn a profit every year dating back to the 60's and NEVER have to lay off a single employee then continue to innovate.. I'm sorry I have no sympathy for the likes of Ford, GM, and Chrysler. All that we are going through is a market correction, people were gaining wealth off of wealth that didnt exist and now the rug is being pulled from under them.
The difference in the 2 goes no further than the UAW. The pay and benefit packages for the average employee is at Honda or Toyota is only 40% that of a UAW worker. To account for this and to keep their prices competitive they must draw back somewhere. It is mostly being done in the quality of components used to build a vehicle. Not until you get into the luxery lines can you find a vehicle built with quality components.

Quote Originally Posted by tony
There is just as much opportunity today as there was 10 and 20 years ago.. possibly more. Times are tough but far from impossible.
I agree. Pretty much everyone I know that has the cash to do it is dropping it into their 4012k's or into the markets and picking up some very good stocks for extremely cheap. When the market decides to rebound, alot of people are going to make a ton of money.