with Eric. History repeats itself.

GM seeks $16.6 billion, to lay-off 47k emoloyees
http://www.msnbc.msn.com/id/29243150/

WHAT a surprise! I would have never saw that coming! How the F--K does the CFO of this company still have his job?

ONLY $16 billion this month? I'm absolutely CERTAIN they won't need another dime after that so oh heck, let's give it to them just because they asked nicely and drove their hybrids to the Capital and fed the parking meters this time.

I've not read these yet but I'm going to predict that the proposed restructuring includes cuts that are too shallow and occur over too long a period of time and are far to dependent on unqualified government guarantees. I'll have a chance to read them later today, I'm hopeful but not optimistic.


Copy of the GM Restructuring Plan

http://www.treasury.gov/initiatives/...turingPlan.pdf

Copy of the Chrysler Restructuring Plan - Summary

http://www.treasury.gov/initiatives/...lanSummary.pdf

Copy of the Chrysler Restructuring Plan

http://www.treasury.gov/initiatives/...turingPlan.pdf

Fits the situation well.

Attached Images

 

Well, Saab is the first to file. Funny that GM asked the Sweedish gov't for bailout money as well.

http://www.foxnews.com/story/0,2933,497250,00.html

Yes, get rid of the unions and this country would be much better off. They're a joke protecting workers who many times don't deserve to have a job. I've seen it firsthand where the unions protect worthless workers where I had to work harder to make up for their laziness and inabilities. Couldn't fire them just because the union protected their lazy ass. They serve no purpose in todays world except to get excessive wages for workers who don't deserve them. $50/hour or more to attach parts to a car? What a joke! If GM could pay the wages Toyota does (Toyota apparently has no unions) they wouldn't be getting handouts you and I are paying for. So, you & I are paying because the unions say their members deserve excessive salaries. More socialism. No wonder the liberals are supported by the unions. Yes, you liberals consent to this by voting dem. You don't realize that???

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Life is not a journey to the grave with the intention of arriving safely in a pretty and well-preserved body, but rather to skid in broadside, thoroughly used up, totally worn out and loudly proclaiming: "WOW! WHAT A RIDE!!"

2007 M6
2018 Chevy 2500HD Diesel Alaskan Edition
2011 X5 35d
1972 Chevy K20 4X4
1972 Ford F-600
1959 Chevy Viking 60 Dump Truck
2015 CanAm Outlander XT 1000

Unions do indeed waste lots of productivity. Did you ever pass by some road work being done? There's usually a bunch of guys sitting around while a couple of guys work. That's because union regulations require that a certain amount of workers be on each job, even when it is totally unnecessary. I would guess the UAW regulations are not much different.

The truth is that without the unions, a lot of people would be out of a job because so many workers simply would not be needed. Unemployment would go way up. We simply no longer have the need for 100% employment. With technology and other advances, we can produce all the goods and services everyone needs with far less than 100% employment. We just have to decide whether we will do an across the board cut of hours and perhaps have full employment with a 30 hour work week, or if we are instead prepared to accept 10-20% unemployment. I suppose this is a good problem to have. We have become more productive and don't need to work as much anymore. Any society would surely consider that to be an achievement, not a problem.

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my experience on X5world when I spend too much
time posting in political threads in the lounge...

Seen it and its insane. They reduce lanes when nobody is working.