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 : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (439961)	12/12/2008 11:38:49 AM
From: longnshort	Read Replies (1) \| Respond to of 1573482

Report: Rahm Emanuel Had ‘Multiple’ Conversations With Blagojevich About Senate Seat breitbart.tv

To: Alighieri who wrote (439961)	12/12/2008 12:18:06 PM
From: Joe NYC	Read Replies (2) \| Respond to of 1573482

Al, While you grand stand with your soap box posts it is hard to resist the urge to note that you are pretty narrow minded on this...labor cost is an issue, but to say that all you have to do is lower it and puff, all is magically well, is to miss the heart of Detroit's troubles. It is certainly the biggest problem and fixing it will chop off up to $18B in annual cost. The second biggest problem is the debt accumulated, a lot of it directly related to borrowing to pay the outrageous benefits. There is no quick fix to that issue. Other problems are way down the line. You can bring the UAW at the edge of the abyss and get concessions, but fixing a product portfolio and the company image that goes with it is a much harder problem to solve and one the UAW had very little to do with. Those are longer term issues. They cannot be solved in a week. UAW issues can be solved in a week. One way, I believe the government could help is to pay some or all of the R&D related to development of plug in hybrids. That's the long term issue for automakers and the country (to lessen dependency on imported oil). Big 3 competitors are getting similar R&D assistance from their governments... Joe