to see the UAW FIAT running in NASCAR! Wonder which team will be the first to go with Fiat?
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Obama land flat on his arse, when nobody buys an Obamamobile.
And I can hardly wait for all the abuse of power and ethics violations to be investigated, it should make, for some good TV. |
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This whole deal is a disaster in the making. The unions cannot run anything. The losers will be the American taxpayer. We will surely never see any money back. |
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It's not about unions. It's not about nationalization.
It's about the market making its choice.
It has spoken. The market says Chrysler sucks.
Really. That's all it is.
It doesn't matter who owns it; Daimler, et. al and such.
It will still go down. I just hope we don't repeat the same mistakes as the British with MG and Rover. After pumping trillions of dollars for decades into those companies, they ended up being owned by India and China respectively.
But, since the current political party in favor continues to try its hand at European style labour party politics, I don't think they are smart enough to learn from their (Europe's) mistakes. |
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... PT Cruiser back to the "PT" Cruiser after buying what's left of the "PC Cruisin" production line once Obamanomics gets done with Chlysler-Daimer-Obama. They won't pick up the 300 production line. Only Yakusa buy those beasties. |
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"Unions do not run companies well because they have an inherent conflict of interest with the company's objectives."
Explain what you think that conflict is. Employee-owned companies generally do quite well; why would this be any different? It's a pretty fundamental belief that the owner or owners of a company work hard to make that company successful. |
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Yep,that's what we are doing. Indulging a popular politician's wishes at the expense of the right thing to do. So I guess this isn't where it all ends, but further down the road.
Instead of being able to sit back and enjoy the ride, we'll be taken for one.
Incidently, some of the cheapest people I have dealt with are union workers, especially the blue collar UAW type. They seem to have unrealistic ideas of what things actually cost, maybe the effect of having so much (health care, lawyers) taken care of so they can build big houses next to lawyers and doctors and cry about their lousy pay and working conditions.
Even here in Michigan, there are a lot of us fed up with the mentality. |
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...Federal Big Government has taken over and allowed the union leadership control for a while. If the unions fail to turn the company around, Federal Big Government gets to dictate who gets the next shot to run the industry, and so on, and so on...the beginning of the five year plans. |
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won't be picking up the tab for Chrysler/Fiat? In a horrible way this makes perfect sense coming from the community organizer! He is OWNED by special interests and unions, so like a good lackey he jumps to their tunes!
Cuban Pete, I agree, we will be seeing "5-yr plans" coming from the dolts from the community organizer to the Senate and the House, these are the same dolts who oversaw the crash of Fannie & Freddie and "cashed-in" to boot! |
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Just think that when (not if) GM & Chrysler run by Obama Motors! And Fiat??! They used to have a bad rep as their cars would fall apart and rust out.
But, with the above mentioned car companies being controlled by our Federal Government of this the new USSA... Feds=50+%/ Unions 39% well get ready for the new VW from GMo (Government Motors obama). But now you can all see the steps that are being taken and the mentality behind Obama's moves.
Everything that happens from 01-20-2009 is on his watch!Ha! You cannot blame Bush. It will be interesting when we have only one automobile company of US origins in a year.
Then, the Big O our Messiah (no the Dems 'messiah') will go after the Japanese, Korean, German, French companies. Think not?? What about card check with the unions... is not that when a Union Boss wants to take over a company all the union needs to do is have a majority employee to fill out a union card? No secret voting therefore coercion is the plan of the day!
That is what this new Union Boss law he is going to sign into law has to do with: get back at the Honda America, BMW America, Kia, Hundai, Mazda and all of the others. |
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Your statement that companies run by employees usually do well is true. The problem in this case is that these union workers are not willing to give up the things that dragged these companies down in the first place. Most companies today do not have generous pension plans. Most offer a 401K plan and the employer will match a small portion of your investment. Most companies do not pay for the entire family to have healthcare. They will usually pay for the employee and they are responsible to pay for their spouse and children. We have all had to make these adjustments. For many years my husbands company paid for the entire family to have health insurance as did mine, today neither do. The unions have never participated in the way business is done today. To make this work the union members will have to be willing to work harder, give up some benefits and start paying for their own pensions. I would be amazed if they will be willing to do these things. I expect they will be sucking us taxpayers dry for many years to come. |
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"To make this work the union members will have to ... start paying for their own pensions."
If they own the company, what difference does it make if the company pays for the pensions or they do? Same with health care.
The basic principle of capitalism, and supposedly of our economic system, is "enlightened self-interest." Why wouldn't the auto workers have that? Do you think that they're too dumb to see where their own self-interest lies? |
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These guys will go whinning and crying to the government. They have known for a long time that their jobs were in trouble. Did they sit back and say maybe if we give a little back we can survive. No, they did not. They will be shell shocked when they find out just how much these benefits actually cost and that they cannot be a viable business if they continue. They will run to the government again and again. Lets just hope that the government shuts down the ATM. |
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I love the fact (sarc) that the UAW is getting up to 80% of their expected payout while the secured investers get a dime on the dollar. Change you can believe in. |
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