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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (436378)11/23/2008 8:00:33 PM
From: Alighieri1 Recommendation  Read Replies (2) of 1573930
 
The simple, plain truth is that nonunionized automakers are doing better than the unionized ones, but the unionized ones are those who are in the worst shape (the big 3) because of the high cost of union labor. If the others were facing labor costs of double or triple what they are, they'd be facing the same problems.

These guys have been spending millions lobbying CAFE standards in washington and for years republicans have gladly obliged them. If Toyota was building 25 flavors of SUVs and Hummers when oil hit $145 dollars a barrel, it too would have little to fall back on for survival. With their business model, $4 a gallon gas is lethal. Add a severe downfall in the economy and they are quickly in a death spiral. Unions part of the problem? Probably...but the key reason for their downfall...doubtful.

One more thing...flying corporate jets to washington to beg for a bailout may have minor economic value but it has immense public relation disaster potential, as we have learned. That simple misjudgment tells volumes about the incompetence of the people who run these companies...and your defense of them is typical. Anything these executive morons try to peddle should be suspect and any lifeline should include concessions from all sides, including unions, and the immediate dismissal of the executives who, more than any other entity, have put these companies on the path to extinction.

Al
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