Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Oral Roberts who wrote (280383)	11/13/2008 3:18:40 PM
From: SmoothSail	5 Recommendations Read Replies (1) \| Respond to of 794033

A better idea would be to break the UAW's stranglehold on Detroit, et al. German, Japanese and Korean automakers with plants in the South and California have unions but with limited powers. What other company (GM) gives 6 weeks vacation the minute you're hired, instead of earning it and full health benefits instead of waiting the usual 90 days to qualify? And GM, for instance, closes down 6 weeks every year to re-tool - add that to their 6 week vacation and their off 3 months of the year. If a worker is fired, they not only get unchallenged unemployment, but the UAW provides up to 90% of what they were making. With all the union demands and the government rules, it's hardly surprising the auto industry is having problems - it's been coming on for years. Unless something is done about the unions, bailouts won't help.

To: Oral Roberts who wrote (280383)	11/13/2008 4:08:25 PM
From: Nadine Carroll	2 Recommendations Respond to of 794033

Why can't these people understand that GM HAS to go bankrupt to get out from under all of their insane obligations to the union and retiree's. If they don't they will never survive no matter how much damn money we give them. INSANITY! I am sure Obama understands this well enough, socialist though he is at heart. But he also knows what he owes the unions. He must pay off some of his big backers, or he will lose his base.

To: Oral Roberts who wrote (280383)	11/13/2008 4:14:44 PM
From: KLP	5 Recommendations Read Replies (1) \| Respond to of 794033

When a GM worker averages $70++/hr plus benefits, and a Toyota worker averages $40+/hr plus, there will be NO way that GM can survive no matter how much is thrown their way. They really should go bankrupt. The company would reorganize, toss out all union agreements and start over. The Unions have broken the car manufacturers ....and both the heads of the Companies AND the Federal Government were complicit with the failure of the company by the mandates that were forced on them.... Funny, my husband said nearly exactly the same thing last night....Why can't these people understand that GM HAS to go bankrupt to get out from under all of their insane obligations to the union and retiree's. If they don't they will never survive no matter how much damn money we give them. INSANITY!