UAW stays

[Burlap]

http://online.wsj.com/article/SB124335377570854805.html

[DkknightX]

Originally Posted by Burlap

http://online.wsj.com/article/SB124335377570854805.html

If you give an organization continued opportunities to be greedy, they will take them every time. I guess the UAW doesn't learn. Thank you again for continuing to be part of the problem instead of the solution. The UAW couldn't wait to jump at the opportunity to a portion of GM so they can help make the rules governing benefits with little resistance. Can't wait to look forward to a weaker America.

[Road_Warrior85]

OK so GM has had to give itself away to the Government and the UAW just to stay alive.... That sucks but I understand.

Tell me this.......

How does GM get it back????

Now I love those men and women up there building or camaros, but i see a problem coming.
Just like the CEO's that make 20+ times more than their employees, because they are greedy. Whats to say that given this extra power, the UAW isnt going to, eventually, try to get so much more than it actually needs, that it ends up pushing all manufacturing outside the US.

That goes back to those other CEOs, they had a product that cost $200 to make, and the sold it for $2000. They paid their workers barely anything and kept all that extra income for their own profit. They then got greedy, and outsourced their labor to another country so it only costs $75 to make, and they started selling it for $2500. All the while, keeping all that extra money for themselves.

Now I know it didnt happen just like I described, but thats the Barney Style.... SO, whats to say that UAW wont end up f*cking itself over by asking for more than it REALLY needs? The greedy CEOs will just move on to somewhere else.

As you may recall, under this restructuring plan, GM has already said that the amount of GM vehicles built outside the US will DOUBLE..... SO, its already happening.

[LabRat]

Originally Posted by DkknightX

If you give an organization continued opportunities to be greedy, they will take them every time. I guess the UAW doesn't learn. Thank you again for continuing to be part of the problem instead of the solution. The UAW couldn't wait to jump at the opportunity to a portion of GM so they can help make the rules governing benefits with little resistance. Can't wait to look forward to a weaker America.

I don't believe that they get a seat on the board for this, and if the rest of the bond holders pull the plug, that common stock is worth 0.

Just ask the folks that went thorugh it at NW Airlines liked having the union cut them off at the knees, and then being taken over by a non-union based airline on top of it.

Now I am far short of a union fan, but to see the retirees get sold down the river just plain pi55es me off.

LabRat

[LabRat]

Originally Posted by Road_Warrior85

OK so GM has had to give itself away to the Government and the UAW just to stay alive.... That sucks but I understand.

Tell me this.......

How does GM get it back????

Now I love those men and women up there building or camaros, but i see a problem coming.
Just like the CEO's that make 20+ times more than their employees, because they are greedy. Whats to say that given this extra power, the UAW isnt going to, eventually, try to get so much more than it actually needs, that it ends up pushing all manufacturing outside the US.

That goes back to those other CEOs, they had a product that cost $200 to make, and the sold it for $2000. They paid their workers barely anything and kept all that extra income for their own profit. They then got greedy, and outsourced their labor to another country so it only costs $75 to make, and they started selling it for $2500. All the while, keeping all that extra money for themselves.

Now I know it didnt happen just like I described, but thats the Barney Style.... SO, whats to say that UAW wont end up f*cking itself over by asking for more than it REALLY needs? The greedy CEOs will just move on to somewhere else.

As you may recall, under this restructuring plan, GM has already said that the amount of GM vehicles built outside the US will DOUBLE..... SO, its already happening.

You can thank your Legislators for that one!

Any idiot would have put conditions on those Bailout Bucks.

Oh, say like, if you want the 20 BILLION you agree to close down all offshore plants BEFORE you lay off even ONE US WORKER.


LabRat

[Burlap]

Originally Posted by LabRat

I don't believe that they get a seat on the board for this, and if the rest of the bond holders pull the plug, that common stock is worth 0.

Just ask the folks that went thorugh it at NW Airlines liked having the union cut them off at the knees, and then being taken over by a non-union based airline on top of it.

Now I am far short of a union fan, but to see the retirees get sold down the river just plain pi55es me off.

LabRat

I got tipped off to this via msnbc and one of the banners was saying they do get a seat. I also saw that GM stocks took a 10% jump today, or atleast so they said.

All I want is GM to stay alive so I can have a problem free Camaro expierience!

[GTAwheelman]

Originally Posted by LabRat

You can thank your Legislators for that one!

Any idiot would have put conditions on those Bailout Bucks.

Oh, say like, if you want the 20 BILLION you agree to close down all offshore plants BEFORE you lay off even ONE US WORKER.


LabRat

yeah because GM only sells cars in the us.

[LabRat]

Originally Posted by GTAwheelman

yeah because GM only sells cars in the us.

So you support using US tax dollars to put jobs in Mexico?

LabRat

[Road_Warrior85]

Originally Posted by GTAwheelman

yeah because GM only sells cars in the us.

Yeah, I understand what you are saying, BUT........

Why did the Government step in and say that THEY HAD TO PROTECT THE AUTO INDUSTRY???????

If my memory serves me correct, it was solely to protect the American Auto Worker, ..... NOT the Foreign Auto Buyer.

SO, How does bailing out these companies, for the American worker, actually work correctly when it closes down American plants, and Opens Chinese, Mexican, and wherever else, plants???

[manimsoblack]

Originally Posted by LabRat

So you support using US tax dollars to put jobs in Mexico?

LabRat

It's a way more complicated situation than that.

[nards444]

Originally Posted by Road_Warrior85

OK so GM has had to give itself away to the Government and the UAW just to stay alive.... That sucks but I understand.

Tell me this.......

How does GM get it back????

Now I love those men and women up there building or camaros, but i see a problem coming.
Just like the CEO's that make 20+ times more than their employees, because they are greedy. Whats to say that given this extra power, the UAW isnt going to, eventually, try to get so much more than it actually needs, that it ends up pushing all manufacturing outside the US.

That goes back to those other CEOs, they had a product that cost $200 to make, and the sold it for $2000. They paid their workers barely anything and kept all that extra income for their own profit. They then got greedy, and outsourced their labor to another country so it only costs $75 to make, and they started selling it for $2500. All the while, keeping all that extra money for themselves.

Now I know it didnt happen just like I described, but thats the Barney Style.... SO, whats to say that UAW wont end up f*cking itself over by asking for more than it REALLY needs? The greedy CEOs will just move on to somewhere else.

As you may recall, under this restructuring plan, GM has already said that the amount of GM vehicles built outside the US will DOUBLE..... SO, its already happening.

Gm gets it back by buying back stock slowly but surely. But technically GM was owned or is owned by the public because it is on the stock market, but we all know that doesnt mean jack. If GM gets back on it feet, they can just do a hostile take over like what happened to Budweiser. But even if they can buy a lot back from the UAW, they will never get it all.

[Brokinarrow]

Originally Posted by manimsoblack

It's a way more complicated situation than that.

[LabRat]

Originally Posted by manimsoblack

It's a way more complicated situation than that.

Maybe for YOUR tax dollar it is.

For mine?

No, it's not.

LabRat