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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: SmoothSail who wrote (56662)	11/20/2008 4:14:17 PM
From: Oral Roberts	2 Recommendations Read Replies (3) \| Respond to of 57110

They need to reorganize and get out from under the UAW. GM is supplying more people health insurance then live in PA was one example I remember reading. They can not continue with their wage and benefit package and absolutely insane work rules. Present management needs to go also. GM probably should dump back to being just Chevrolet and Cadillac. There is going to be some serious pain but for GM to survive it has to happen. The dealer pain is already bad and will get worse but IMO it's the only way GM survives long term. We give them money to continue what they are doing and we might just as well burn it. It's a UAW bailout right now, not an auto industry bailout. All 3 heads were asked yesterday if they flew commercial or private. All 3 flew private. Just goes to show how totally out of touch they are with the reality of all of this. Should have flown coach and arrived wearing burlap, instead they fly private, sip champagne and eat caviar in their 1000 dollar suits.

To: SmoothSail who wrote (56662)	11/20/2008 6:15:39 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 57110

Toyota has shutdown at least two plants in the US this past year. It wouldn't take any retooling as they aren't going to be selling GM cars, they would sell more toyotas. So it is simply opening new plants and hiring more bodies. everybody wants a bailout. That's a classic indication that it's the wrong thing to do. Remember the scene in "Scent of a Woman" where Col Slade defends Charlie? Lt. Col. Frank Slade: Now I have come to the cross-roads in my life. I always knew what the right path was. Without exception, I knew, but I never took it. You know why? It was too damn hard. Now here's Charlie. He's come to the cross-roads. He has chosen a path. It's the right path. It's a path made of principle that leads to character. Let him continue on his journey. The right path is too damn hard.....but we should take it and not do the easy thing, which is the bailout. and here's why: Lt. Col. Frank Slade: I don't know if Charlie's silence here today is right or wrong; I'm not a judge or jury. But I can tell you this: he won't sell anybody out to buy his future! We can't keep on selling our kid's futures out!!!