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What happened that GM, Detroit, etc., is a failure considering the US
- Thread starter Ivan
- Start date
J
JAKE OATMON
Guest
About 2-3 years ago, there were talked of us going to recession or you might say just about in the beginning of the recession, the car companies were forewarn of it. The appetite of our country for large guzzling vehicles (SUV, Trucks) hasn't been affected by it, either. The companies were making a lot of money from it, and would not rather find a much efficient vehicles. Not till the gas price has gone up to more 3 dollars a gallon and as high as almost 5 dollars, and by then it was already too late. The recession and the gas prices as a great impact on the automobile industries. And some had said that the Union didn't help either. (One car company is still making cars and had not asked for bail out, and is not Unionized.) Then those people (CEOs and higher executive) are making a lot of money off that - that is considered beyond what they are worth.
I note sadly that people are still blaming the unions instead of the management that ensured that GM couldn't make a good car. When GM did succeed, as they did with Saturn in the early 1990s, there was always someone in management to ensure that they still managed to screw it up.
What happened was professional managers instead of people who loved cars. What happened was cookie-cutter know-nothing MBAs as CEOs. And finally, yes, GM had an awfully hard time competing with workers abroad who are covered by universal health care. So the people blaming 'socialism' are almost exactly wrong.
What happened was professional managers instead of people who loved cars. What happened was cookie-cutter know-nothing MBAs as CEOs. And finally, yes, GM had an awfully hard time competing with workers abroad who are covered by universal health care. So the people blaming 'socialism' are almost exactly wrong.
They are paying TWICE or more for labor than the Japanese, Germans or Koreans. They had UNION benefits for their employees that would make any socialist happy. They are proof that unions or socialism doesn't work. Ask any over the road truck driver that's ever been into one.....
We taxpayers should be given the bailout money in the form of a hefty down payment on a new Detroit car.
In that way we'll know where the money went. It went to Detroit auto makers and their employees. It also trickled down to their suppliers.
Unarguably, nearly every cities biggest source of income is from the tax on auto sales.
The bottom line is we all know where every dime of the bailout money went. Give our tax money back to us. Not to line Wall Streets CEO's pockets.
BTW, regarding unions, either we fight to bring the rest of the world up to our labor and environmental standards or in order to compete, we'll have to go down to their standards.
In that way we'll know where the money went. It went to Detroit auto makers and their employees. It also trickled down to their suppliers.
Unarguably, nearly every cities biggest source of income is from the tax on auto sales.
The bottom line is we all know where every dime of the bailout money went. Give our tax money back to us. Not to line Wall Streets CEO's pockets.
BTW, regarding unions, either we fight to bring the rest of the world up to our labor and environmental standards or in order to compete, we'll have to go down to their standards.