General Motors

[The Major]

but unions and employee wages eat up a lot of money...

Average workers deserve fair wages and power to stop being abused by management.

Management can be worse with money, actually.

and a good number of countries outside the US don't really care about labor laws that much.....

Which countries?

 

[SuBe]

Average workers deserve fair wages and power to stop being abused by management.

Management can be worse with money, actually.



Which countries?

China is one of them, the Government will kill the Factory manager, if they don't produce their quota.

 

[BlackLantern]

China, Malaysia, India to name a few.....Wal-Mart runs a warehouse in China with workers pulling 12-16 hour shifts with 1 break a day

 

[Paradoxium]

You know it makes sense to some degree. Why lend America the money you saved, when you can take it out of your own account and buy up their assets and companies and turn a profit. You win they lose.

 

[deathfromabove]

China, Malaysia, India to name a few.....Wal-Mart runs a warehouse in China with workers pulling 12-16 hour shifts with 1 break a day

so basically people working in oppressing and near third world conditions.

every other first world nation has labor standards and in many cases unions.

 

[BlackLantern]

yes and that's where we get a lot of our goods manufactured because it's extremely cheap and they can be sold here in the States for a serious profit....

 

[Addendum]

So basically some people want labor in the US to go back to how it was during the Industrial Revolution

 

[deathfromabove]

yes and that's where we get a lot of our goods manufactured because it's extremely cheap and they can be sold here in the States for a serious profit....

and your point? that situation does not apply to the automotive industry.

 

[SuBe]

So basically some people want labor in the US to go back to how it was during the Industrial Revolution

Hows that?

 

[deathfromabove]

Hows that?

i think he was responding to the rest of this page.

 

[BlackLantern]

No I was responding to why goods, as a whole, are not produced in the USA anymore...because it's a lot cheaper to produce them elsewhere and pull down a huge profit

 

[Paradoxium]

There iz nothin to fears! Obama will end the business cycle... because capitalism is failings



[YT]5m0wn8WFHK4[/YT]

Can someone please translate this clip into english?

edit: I realized I posted in the wrong thread, was meant for the Obama thread

 

[Fading]

Late in the discussion, and not sure where the auto bailout currently stands, but this is one of the things I was afraid of with the bank bailout. It's like a domino effect, once they bailed out banks, other industries now want the same treatment.

IMO the bank bailout should never have happened. They let Wamu fail, and then bailed out the next bank. It sent signals, AND showed other banks that a failure and collapse was possible. Then banks begged for, and then misused the money.

These bailouts are not solving anything. The gov isn't even sure what to put invest the money in, and the problems still exist. I'm not sure how the auto industries will use it any differently. If they do give it to the them, look for other industries to look for bailouts as well.

With that said, I def DON'T want auto industries to fail. My mom is employed by TISA who makes parts for Toyota, and I def don't want her to be jobless. It's just that sometimes the easy out is worse in the long run.

 

[Bathead]

The more I see on the news, the less I like the idea of bailing out the auto industry. Especially when the execs of those companies take the trip to Washington to cry poor mouth on private jets that cost upwards of $20,000 for the trip, when they could have flown 1st class on a commercial jet for about $300. I feel bad for their employees, they're being used by their bosses to blackmail the govt' and whatever happens, they'll be the ones paying the heaviest price for their bosses greed and arrogance.
If AM's get their bailout, they'll never learn ANYTHING, and keep doing the things that got them in this mess to begin with.

 

[BlackLantern]

There was a Rep from California who asked, by show of hands, if they would be willing to sell their corporate jets if they got the bailout....no one raised their hands

 

[Holiday]

Those ceo's ate it hard for using they're private jets to fly to that hearing and deservingly so.

They don't even have a plan for what they'd use the money for. How ridiculous is that? It seems like they'd know to have some sort of plan before they ask for a handout but apparently not...

 

[Raiden]

Yeah, I think the execs are starting to think that there is free money to be had at Washington, so they just want to get a piece of the pie. Right now I'm not too fond of the bailout idea as well.

 

[Motown Marvel]

GM just got rid of two of their private jets and 50% of their flight staff.

 

[BlackLantern]

GM just got rid of two of their private jets and 50% of their flight staff.

Source??

 

[Holiday]

It's legit;

http://www.reuters.com/article/topNews/idUSTRE4AK5EG20081121

 

[Paradoxium]

Oh look now they are going to bailout the unemployed
http://www.aier.org/research/beyond-the-numbers/823-now-a-bigger-bailout-for-the-unemployed at only 145 billion....

Let's make this work, 3 is the charm; corrupt banks, unemployed and bad auto companies

....

 

[Fading]

I think at this point they're just making **** up as they go along. I mean it's almost like they're going, "Ok, they gave us a 700 billion dollar check....so what do you want to do with it?". Did they plan at all?

I mean I was angry when the talk about using it to buy stock was making it's rounds, but now it's broadening and can be used for more than just banks? For more than just bailing out failing buisnesses directly? This is just getting square-peg round-hole ******ed.

What's next? Putting 32 billion of it into researching a new outfit for count chocolate because the cereal companies are afraid the cloak makes him look too effeminate, and the the failure of his cereal is the failure of a healthy breakfast for America?

 

[SuBe]

They could just cut the check to every Tax Payer to stimulate the economy. Think about it, $700,000,000,000 divided by 140,000,000 Americans?

 

[Addendum]

A big whopping 5 grand

 

[SuBe]

A big whopping 5 grand

Yup. That would stimulate the economy. It's still robbing from the Rich and giving to the poor, which the Government shouldn't do, but at least then the people could decide which companies fail or which succeed.