Prepare for the blood-letting

[OwlMBA]

Friday, December 12th is going to be death for the stock market. The Senate just tanked the auto bailout package (good for them), and tomorrow we are going to pay for it.

You know, I would be happy that they killed this thing if it weren't for the FACT, the FACT that I KNOW this is just sabre-rattling and nothing more. This is exactly what they did with the first bailout. They fail it, the market tanks, then they pass it. This is all for the cameras.

I just wish they thought about how much money it costs people for them to grandstand like this.

[lacarnut]

The unions will not budge on a date (any date in 2009 or 2010) to rein in their compensation that would be competitve with non unions car makers in this country. That is what sunk the deal; the Democraps are not going against the UAW chief.

The Prez and Paulson will probably hand over the 14 billion without any restrictions on management or the unions this weekend. What's 14 billion poured down a rat hole. :mad:

[OwlMBA]

The unions will not budge on a date (any date in 2009 or 2010) to rein in their compensation that would be competitve with non unions car makers in this country. That is what sunk the deal; the Democraps are not going against the UAW chief.

The Prez and Paulson will probably hand over the 14 billion without any restrictions on management or the unions this weekend. What's 14 billion poured down a rat hole. :mad:

The only way this can work is if the Unions are killed off. Let the companies pay their people whatever they want! If the people dont like it, they can quit. Its not very hard to replace most auto workers. Give a high school graduate a couple days of training and he can work in an auto plant.

Better yet, require the auto companies to use this money to invest in automation and eliminate jobs. That is what Japan did with the billions we gave them after WW2, and look what they did with it.

It takes the US auto companies considerably more man-hours to build a car than their foreign counterparts, fore considerably more money per man hour. That is a fatal combination.

[Molon Labe]

And looks like Bushy is going to go out in style by giving the handout to them despite the will of the people. What a friggin' libetard this guy has turned out to be.

[lacarnut]

The only way this can work is if the Unions are killed off. Let the companies pay their people whatever they want! If the people dont like it, they can quit. Its not very hard to replace most auto workers. Give a high school graduate a couple days of training and he can work in an auto plant.

Better yet, require the auto companies to use this money to invest in automation and eliminate jobs. That is what Japan did with the billions we gave them after WW2, and look what they did with it.

It takes the US auto companies considerably more man-hours to build a car than their foreign counterparts, fore considerably more money per man hour. That is a fatal combination.

I agree. The unions have a stranglehold on the American auto makers. With work rules that allow you to go sit on your ass after you have produced so much work to getting 75% of your pay when you get laid off to receiving free hospitalization when you retire at 50+ years of age for you and your family, there is no way that any industry could survive these insane benefits. The morons in top management have allowed this stupidity to happen for the last 30 plus years. Bankruptcy, busting the unions and getting rid of these yo yos in management is the only way that this industry will survive.

[SarasotaRepub]

Friday, December 12th is going to be death for the stock market. The Senate just tanked the auto bailout package (good for them), and tomorrow we are going to pay for it.

The market was UP 64 points today beebs. :p:D

[Goldwater]

Even if unions bowed the companies are going to fail anyway, they don't make products that people want.

They failed.

Now we have to decide whether this is going to be a quick failure or a long and drawn out one that brings down many a viable business with it.

[Constitutionally Speaking]

Even if unions bowed the companies are going to fail anyway, they don't make products that people want.

They failed.

Now we have to decide whether this is going to be a quick failure or a long and drawn out one that brings down many a viable business with it.

I would disagree with that. They own a 50% market share.