BOOO, should let them fail and go bankrupt, canceling the Union contracts, then come in and help them.
BOOO, should let them fail and go bankrupt, canceling the Union contracts, then come in and help them.
If your dinner budget was on the line, you wouldn't say that.Originally Posted by nsany(atl)
This isnt about helping the companies, its about letting their employees keep their jobs (for votes).
IF the big manufacturors fail, it'll cause untold billions in losses that'll trickle down through the suppliers etc - ultimately hitting us, the consumer.
Supposedly this is a loan - we'll see. I'm just looking forward to 2010 so we can put this shit behind us.
First of all the problem with the big three is the Unions, and that is who the bailout is for. And there will be problems well past 2010, not sure where that # came from.
UAW $75 per hour, Nissan, Honda, Toyota, Hyundai $45 per hour.
Also the UAW gave $1.8 million in donations to Govt offiials campaigns who were pro bailout.
http://newsbusters.org/blogs/jeff-po...-bailout-inter
I dont think he was completely disagreeing with you.
I personally think they should fail, wipe the unions, and try again. The problem is, though, the immediate impact of them failing would hit HARD throughout the U.S. It may not be worth the risk, and if it is, it's too hard to call.
where do you get this figure? 23$-28$ is more like it!
Do auto workers really make more than $70 per hour?
How much does a UAW member make at a domestic auto plant? Various sites have cited the figure at an average of seventy-three dollars an hour (The Heritage Foundation). Keith Olbermann says that the figure is actually at twenty-eight before benefits, which only add ten dollars to the amount. Other sources indicate that Toyota workers (who are not unionized) made more last year after profit sharing was calculated. So clear it up for us. What's the real bottom line?
A: No. That figure is derived from what the auto companies pay in wages, health, retirement and other benefits, and includes the cost of providing benefits to retirees.
Continued>>>
http://www.factcheck.org/askfactcheck/do_auto_workers_r...
Hella stock member!
As Airmax said - I'm with you. I wish the stinkin' unions would go to hell.
But the numbers are misleading. They only make $2x an hour but it costs GM about 75/hr to hire them because of all the added costs like inefficient management, and unrealistically good benefits. I may be wrong but this is what I think from limited research.
Ultimately this is all a political game of chess - its not really about whats right or wrong.
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