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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (45103)	11/19/2008 10:40:28 AM
From: nigel bates	Read Replies (5) \| Respond to of 149317

There is clearly a deal to be done in exchange for any taxpayer funding. Even those most keen on a bailout are saying that the resulting entities must be 'viable'. That clearly means that healthcare and pension overhead needs to come down to a competitive rate. I don't know about Chrysler, but Ford and GM, shorn of their legacy costs, clearly have viable businesses. Judging from the models they produce in Europe, Ford are as good as any carmaker out there. If we were in anything approaching normal economic conditions, I'd be tempted to say let them take their chance with Chapter 11. Given where we are now, that would be the height of foolishness.

To: Wharf Rat who wrote (45103)	11/19/2008 10:59:50 AM
From: ChinuSFO	Read Replies (2) \| Respond to of 149317

This is t he time for all of us including unions to negotiate down those hourly rates to become competitive with that of Toyota etc. That is one of the several CHANGES that Obama should seek. Let us not forget that Mr. Demming's (A US citizen) OE methods were first embraced in Japan because the US manufacturers refused to adopt them here first. Hence, I maintain, it is cleanup time; CEO's and unions alike. I hope every American taxpayer demands that before th auto industry is bailed out, they need to change their ways.