Tobin

If they send so much work to India, why don't the ask India to bail them out?

Tobin

Hounddog

I agree 100% Look at the cuts/prices they are selling vehicles for.They could have been giving nice incentives all along instead of busting the consumers chops over products with big issues etc.FORD should have bought back every 6.0 they sold just as a examble.Many OTHER examples out there.You would not believe how many VPs Microsoft has.Its hundereds I beleive.

snoyes

I know, sad state of affairs right now. I was baffled when I read that the UAW workers refuse to take pay cuts to save the companies they work for. I think they may have lost sight of the big picture, that is the company goes under, they don't get paid at all.... I do blame the greedy VPs and Presidents that got paid millions that got us into this mess, but it is going to take some sacrafices to turn it around.

DBLR

Whats sad is we found out yesterday that a family who owns 8 car lots who sells new GM/Chevy, Ford and Dodge cars, trucks and SUV's is closing all of them. They placing big add showing reduced prices on a new cars and trucks so as to get rid of as many cars and trucks they can before they close up.

RDR

GM sold 9.37 million cars worldwide in 2007.
Toyota sold 9.37 million cars worldwide in 2007.

GM lost 38 billion dollars.
Toyota made 17 billion dollars.

Tell me that the unions aren't breaking the auto manufacturers...
What other factory in the world has workers making double what I make in a year. Just because they happen to be making cars does not mean they should receive special pay for tightening bolts.

blog.mises.org/archives/009076.asp

I say let them fall. People aren't going to stop needing cars.
There will be companies springing up to replace them now that they're not around to suppress them. Supply/Demand.

johnh

you should join a union and see what it's all about

Spooler

Man old man, what a joke. Take our money and bail them out so they can pay India folks. NOT!!!!!!!

RDR

Ya know, I actually tried to join a union one time to work with AT&T. Buddies tried to get me in because they "get to do barely anything and make $28+ an hour". I was younger and tempted so I tried. They had an opening, and a guy that was related to a foreman took the spot because he was hooked up. While I was waiting about 4 months to get in I talked to alot of people and found out a lot. In hindsight I still believe unions overall are BS. But that's just my belief. A lot of people love them. And a lot of people are soon to be unemployed because of them.