"WOW" congress did sumtin right...........

[bob1961]

they sent the big three packing without the publics money after they showed up in there private top of the line jets that cost 100's of millions of dollars to buy and maintain at 20,000.00 round trip to get there....then they told congress that layoffs would be in line to help costs afterwards ....
how bout selling off all those jets and put that money back into those company's, then layoff those smucks that drove them company's into the red....the nerve some people have....my take on the auto makers employees demanding the high pay they ask for and get....ever see an assembly line these days....everything is hauled up into and onto the cars and trucks by hoists, even the tires are placed by hoists so no body has to pick up any weight to hurt themself....very good idea but there working less then in the older days of it needing 2/3 people to place large pieces into the cars....so what's a good idea on both ends of this issue....corp jets at 20 thousand a pop to fly and emplyees getting paid to much for less work then they used to do....GM saying they need a billion dollars a month to survive....how long did they think they could stay afloat at a billion a month expense when they might only bring in a half billion a month in sales to cover there jets and costs....well done congress .........bob

....

[JeremyH]

It had to end somewhere....unfortunately, I bet that they come back and that congress works out some deal with them. It was funny watching that congressman grill the CEOs about their flights. "Jetpool....or downgrade to first class"

[binaryterror]

You'd think they would have driven their free company provided cars made in the US down. You know support their industry.

[kasper]

When they say flying first class they take that to the tax payers.
Its time for them to find a real paying job of $35,000.00 a year

[gregrocks90046]

Originally Posted by bob1961

my take on the auto makers employees demanding the high pay they ask for and get....ever see an assembly line these days....everything is hauled up into and onto the cars and trucks by hoists, even the tires are placed by hoists so no body has to pick up any weight to hurt themself....very good idea but there working less then in the older days of it needing 2/3 people to place large pieces into the cars.

there is so much more than just assembly lines. and what you are referring to is final assembly. it's ridiculous to expect 4-5 workers to lift a car body when you can have a hoist do it. which do you think is safer? do you like hurting yourself while you are at work? didn't think so. why should assembly line workers be willing to hurt themselves?

yeah, being born in detroit in 1966, having both of my grandfathers retire from GM and ford respectively, and having just about every aunt, uncle, cousin work directly for one of the big 3 or a sub contracting parts plant, i have seen lots of assembly lines. i even worked at a chevrolet dealer for a few years.

my point? although i do agree that the big 3 shouldn't get bailed out(i was also against the banks being bailed out,) it's not just the CEO's that are affected. it's not just GM, ford, and chrysler that are affected. there are tens of thousands of automotive related businesses that will close. whether they make parts, tires, etc. or even restaurants close to the plants, etc. let alone the assembly line workers. i got to see whole cities like flint turn into ghost towns when i was younger.

if it was possible to just punish the CEO's by not bailing them out, that would be great. unfortunately, it's not the case. people that don't even get paychecks from GM will lose their jobs.

[BUBBA069]

There will be thousands of people that do not directly work for the big 3 lose their jobs, and many companies will close their doors due to it. Its happening now here in St. Louis with Lear Seating with all 3 cutting back, they shut down several lines and combined plants. Thats a BIG company that supports the big 3, there are many smaller ones that are feeling the pain.

Thats just the places that help make the parts to make the cars, then you have the dealers that sell them that will go under as well.

The big 3 fall, there will be more then just the employees of the big 3 hurt.

[STANG KILLA SS]

thats great. i was hopeing they wouldnt get money. bailout isnt going to make people buy cars.

[gregrocks90046]

Originally Posted by STANG KILLA SS

thats great. i was hopeing they wouldnt get money. bailout isnt going to make people buy cars.

i just wish the CEO's would be the only ones affected by this.

by the way, where will you get your 'genuine GM parts' when GM goes under?

[ColquittCustom405]

$20 million signing bonus for a CEO? Yeah go pack sand big three.

[FrankyRizzo]

Sad thing is upper execs would never cut their pay to "pitch in". They cut jobs instead. How many jobs do you think that half or 3/4 of their salary would save??? Since company performance is in the toilet they should not get paid that much. Funny thing is they will cut jobs and because they had a "profit" they will get a fat bonus.

[Stormin2u]

IMO the US Congress and Senate are the guys that should be sent packing.

They haven't got anything right in a least decade what makes you think they have it right now?

The other auto makers will sadly soon to be in the same boat and will need help.

Huge layoffs are planned at Toyota, Honda, Hyundai, BMW and the worlds largest car builder Volkswagen.

By the way every one of those automakers are subsidized by their respective socialistic governments.

Make no mistake it's your jobs, 401Ks and home values that are going to be paying the price for bad governing.

What have these people been doing while we were traveling a dangerous road that lead to the current debacle? They would like us to believe they where working in our best interest?

A little to much outrage a little to late in the game.

I just don't buy it.

[dirk379]

x2 stormin

Originally Posted by gregrocks90046

by the way, where will you get your 'genuine GM parts' when GM goes under?

Doubt it will get to that point.

[binaryterror]

Originally Posted by gregrocks90046

by the way, where will you get your 'genuine GM parts' when GM goes under?

Well if my ideas are right it'll be Toyota swooping in when GM files Bankruptcy to buy them. Only after bankruptcy is it possible to renegotiate the Big 3's problems; Retirement drains on the system, Union contracts, management of all tiers. No smart company would want to deal with these over-greedy Auto Unions that are engraved in Detroits Auoto Industry Head Stone.

Originally Posted by FrankyRizzo

Sad thing is upper execs would never cut their pay to "pitch in". They cut jobs instead. How many jobs do you think that half or 3/4 of their salary would save???

In 2008 Allen Mullaly, CEO of Ford, took a salary of $1 per year. Bill Ford Jr. has stated he would not receive a paycheck until Ford was profitable this has been on-going since the big Ford restructuring in 2006. When the senate committee seemed pleased with that idea and asked Nardelli of Chrysler and Wagoner of GM both said no. Eventually Nardelli has said yes, though Wagoner is still firm on no more than a 50% reduction.

Mitt Romney, fellow Michigander, former politician, and automotive insdutry expert has already said some amazing things regarding this. It's a bit long but a great read.

http://www.nytimes.com/2008/11/19/op...ybmagCHkUVNZtw

[binaryterror]

Hey just so you guys know that new Camaro is Canadian built. The Ford Fusion is Mexican built.

The Honda Accord and Toyota Camry are American built for American sales.

[JeremyH]

Originally Posted by binaryterror

Well if my ideas are right it'll be Toyota swooping in when GM files Bankruptcy to buy them. Only after bankruptcy is it possible to renegotiate the Big 3's problems; Retirement drains on the system, Union contracts, management of all tiers. No smart company would want to deal with these over-greedy Auto Unions that are engraved in Detroits Auoto Industry Head Stone.

I believe that Toyota doesnt employ unionized workers, correct? If they purchase GM, they will have some angry workers...

[bigflex]

Originally Posted by Stormin2u

IMO the US Congress and Senate are the guys that should be sent packing.

They haven't got anything right in a least decade what makes you think they have it right now?

The other auto makers will sadly soon to be in the same boat and will need help.

Huge layoffs are planned at Toyota, Honda, Hyundai, BMW and the worlds largest car builder Volkswagen.

By the way every one of those automakers are subsidized by their respective socialistic governments.

Make no mistake it's your jobs, 401Ks and home values that are going to be paying the price for bad governing.

What have these people been doing while we were traveling a dangerous road that lead to the current debacle? They would like us to believe they where working in our best interest?

A little to much outrage a little to late in the game.

I just don't buy it.

I don't know how you can blame them for the poor management of companies they don't control. The housing problems came from unqualified people getting loans they couldn't pay for.< is due to gready bankers wanting to get there cuts form all the loans that they approved. The auto industry is failing due to the fact that the big 3 is living to fat. They should have implimented Lean manufacturing long ago. The reason there sales went in the toilet is the fact that the oil companies are charging so much for there products. Everything has been effected by oil prices. Food transportation, everything. Heck alot of people live beyond there means from the get go then you have the price of fuel go through the roof and the next thing you know companies are cutting back on hours and even jobs. That is because the over spending consumers have no money to buy anything. That in turns hurts retail and housing because nobody has the money due to gas prices cuting into there already tight budgets. I think we are all to blame. If people weren't so worried about keeping up with the Joans's and actually saved money then when prices went up it wouldn't kill them. I also think what was stated above is spot on. When business sucks instead of cutting hours and jobs of the ones that make the products that bring in the money cut the fat from the top. On another note has anyone noticed that even thought the gas prices have gone down alot the prices at the stores hasn't moved. It all boils down to greed plan and simple. OK I will get off my soap box now.

[BJoe]

Originally Posted by Stormin2u

IMO the US Congress and Senate are the guys that should be sent packing.

They haven't got anything right in a least decade what makes you think they have it right now?

The other auto makers will sadly soon to be in the same boat and will need help.

Huge layoffs are planned at Toyota, Honda, Hyundai, BMW and the worlds largest car builder Volkswagen.

By the way every one of those automakers are subsidized by their respective socialistic governments.

Make no mistake it's your jobs, 401Ks and home values that are going to be paying the price for bad governing.

What have these people been doing while we were traveling a dangerous road that lead to the current debacle? They would like us to believe they where working in our best interest?

A little to much outrage a little to late in the game.

I just don't buy it.

Well said Stormin, do the domestic manufacturers even get govrnment handouts to help fund all of the new regulations that the DC clowns make them install?

[jetboat]

Fire Sale? New GM 2500 diesel for $15000

[bigflex]

Originally Posted by BJoe

Well said Stormin, do the domestic manufacturers even get govrnment handouts to help fund all of the new regulations that the DC clowns make them install?

the regulations you talk about are the ones wanted by the ecologists. They are trying to help reduce the green house effect by making auto manufacturers build more epa freindly cars. Whats wrong with that? Oh and they do get help from the government with the regulations put in place. Its called TAX CUTS.

[TwistedXT]

the down side is there are a TON of jobs involved here.. from the guys who build the alternators at a different company for the big 3 to the guy who sells the cars and everyone in between... all these people could loos ther jobs cause 3 nit wits are in charge of a large company. A large majority of the workers for the big 3 make WAY too much money! from theguy who installed the glove box to the ceo... something has got to change.. fyi.. the guy who installs the glove box on the ford f150, has 35 years of service and makes 75k a year!.... (not fact, just an example.. there are people on the assembly lines making bank!)