| Name: |
Talullahhound
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| Subject: |
New Numbers - New Question
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Date:
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3/6/2009 8:41:21 AM
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US Employers cut 651,000 jobs in February.
GM says that without more government money they likely can't survive. So the question is, do we let them fail or continue the bailout. I believe I heard that they employ 130,000 people world wide. Does this mean that their "restructuring plan" that they just submitted to Congress didn't go far enough?
I think we make them revise their restructuring plan -- they need to drop more product lines - and we take the hit on unemployment. Make them some LOANs for what remains.
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| Name: |
wix
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| Subject: |
New Numbers - New Question
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Date:
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3/6/2009 9:20:01 AM
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Answer is easy. File Chapter 11, fire all the democrats, stop running the company where a long term decision expires at the end of each quarter, build a decent car, at a decent price, and move on.
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| Name: |
Jim Dandy
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| Subject: |
New Numbers - New Question
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Date:
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3/6/2009 9:28:38 AM
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Agreed. No more bailout/loans - chapter 11.
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| Name: |
lamont
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| Subject: |
"Dittos"... Woops
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Date:
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3/6/2009 10:26:27 AM
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Sorry Hound. Only thing I would add is get rid of the Union.
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| Name: |
water_watcher
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| Subject: |
Let them FAIL
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Date:
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3/6/2009 11:05:56 AM
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They should fail. Having them survive does not sell any more cars.
The ONLY way I would support any further government involvement is with MAJOR union concessions allowing more flexibility to run the plants more competitively.
That will not happen, so let the union die with GM. The union should realize that they are definitely part of the problem.
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| Name: |
CAT BOAT
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| Subject: |
Water_watcher
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Date:
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3/6/2009 11:28:44 AM
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Your Union comments, IMHO are correct. That comes from me, a GM employee.
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| Name: |
MrHodja
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| Subject: |
Let them FAIL
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Date:
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3/6/2009 12:29:18 PM
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I agree, but do you think that the Democrats will really let the unions, one of their strongest areas of support, perish?
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| Name: |
Kizma Anuice
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| Subject: |
card check bill
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Date:
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3/6/2009 12:58:17 PM
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when the card check bill passes, it won't matter, because any new car company and plants like Honda and MB here in Alabama will be Union.
this and national health care should go a long way to leveling the playing field.
Everyone will be union and the company won't have to pay or health care insurance
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| Name: |
MrHodja
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| Subject: |
card check bill
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Date:
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3/6/2009 10:23:28 PM
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It comes from every direction, doesn't it?
Ugh.
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| Name: |
MartiniMan
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| Subject: |
New Numbers - New Question
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Date:
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3/7/2009 9:01:15 AM
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I think they should file Chapter 11 and get rid of their incredible costs associated with retired workers. I thin that amounts to a $9 billion liability. The unions drove our auto industry into bankruptcy by always wanting more even when it made no economic sense for the companies to go along. I saw exactly the same thing with the steel mills and coal mines in Pennsylvania growing up. Guys would joke about the fact that they made $18/hour (this was in the 1970's) and only worked 1 hour in an 8-hour shift and slept the rest of the time.
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| Name: |
water_watcher
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| Subject: |
card check bill
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Date:
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3/8/2009 5:14:44 PM
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and you think this is a good thing? wow! You really are out of touch.
We have the best health care in the world that is why people from other government run health care comes to the US when there is a real problem or they can not get in to see a doctor.
That does not mean I don't think we should find a way to help some individuals with health care that don't have it or can't get it. But the answer is not to turn it over to the government to run. All you have to do is look at social security and medicare and know the government can not successfully run a program successfully and a national health care program would be 100 times the size of medicare.
As many have said ... if you think health care is expensive now ... wait until it is free.
And if you are one of the ones that point to drugs you can buy in Canada cheaper ... yes you can and try getting medical treatment there too. Also, do you think drug companies will research and develop new medications if they can not recover their investment. Yes we pay more, but we get the benefit of them as well. Once the government says you can only charge X ... there goes investing in new research.
Another move to socialism and penalizing success of business.
Name one country that is a model for socialism? There are none ... but there are many great capitalist societies.
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| Name: |
water_watcher
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| Subject: |
New Numbers - New Question
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Date:
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3/8/2009 5:20:49 PM
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I saw the same with steel mills in the 80's. US Steel was on its rear end and could not compete with steel from Japan. USX asked the union to work together and have concessions with the promise to moderize mills but some jobs would be lost. The answer was no. So USX started to close one mill after the other as the union jobs kept disaapearing. They invested elsewhere with new mondern mini mills. Finally the union came around before more mills got closed and were able to work out a deal. USX got stronger and grew jobs because of it.
But auto unions have still not learned that if a company can not compete, they eventually lose more jobs than giving some concessions and getting strong and over time grow jobs.
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