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Discussion Starter · #1 ·
There are some tough questions being asked about capitalism. Is the the function of government under a capitalist system to pick and choose which companies within which industries deserve saving by taxpayer dollars or does the government stick to strict capitalistic performance and let the poorly managed sink and the better run companies rise?

Total U.S. car and light-truck sales this year could come in at 13.5 million, 2.6 million fewer than last year. "That's in nobody's business plan," says Kimberly Rodriguez, an automotive specialist with Grant Thornton. "The best planning in the world cannot survive that fluctuation." It's now clear that GM can't survive as an ongoing entity without massive federal assistance. The company is burning through more than $2 billion each month. It has $16 billion left. As if they were aboard a dirigible losing altitude, GM's bosses have been frantically throwing all manner of stuff overboard — retiree health-care benefits, people, assets, new car design — to conserve $5 billion. That will get it through the year. CNN NEWS
 

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There are some tough questions being asked about capitalism. Is the the function of government under a capitalist system to pick and choose which companies within which industries deserve saving by taxpayer dollars or does the government stick to strict capitalistic performance and let the poorly managed sink and the better run companies rise?

Total U.S. car and light-truck sales this year could come in at 13.5 million, 2.6 million fewer than last year. "That's in nobody's business plan," says Kimberly Rodriguez, an automotive specialist with Grant Thornton. "The best planning in the world cannot survive that fluctuation." It's now clear that GM can't survive as an ongoing entity without massive federal assistance. The company is burning through more than $2 billion each month. It has $16 billion left. As if they were aboard a dirigible losing altitude, GM's bosses have been frantically throwing all manner of stuff overboard - retiree health-care benefits, people, assets, new car design - to conserve $5 billion. That will get it through the year. CNN NEWS
Ask your girl Pelosi.
 

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There are some tough questions being asked about capitalism. Is the the function of government under a capitalist system to pick and choose which companies within which industries deserve saving by taxpayer dollars or does the government stick to strict capitalistic performance and let the poorly managed sink and the better run companies rise?

Total U.S. car and light-truck sales this year could come in at 13.5 million, 2.6 million fewer than last year. "That's in nobody's business plan," says Kimberly Rodriguez, an automotive specialist with Grant Thornton. "The best planning in the world cannot survive that fluctuation." It's now clear that GM can't survive as an ongoing entity without massive federal assistance. The company is burning through more than $2 billion each month. It has $16 billion left. As if they were aboard a dirigible losing altitude, GM's bosses have been frantically throwing all manner of stuff overboard - retiree health-care benefits, people, assets, new car design - to conserve $5 billion. That will get it through the year. CNN NEWS
GM minus the confiscatory unions, yes.
 

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I agree....let them fold up and regroup or let the union bail them out. In my opinion it was the union who put them there with higher wages and health benefits that extend until death. Non union autoworkers seem to be fine.
 

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I agree....let them fold up and regroup or let the union bail them out. In my opinion it was the union who put them there with higher wages and health benefits that extend until death. Non union autoworkers seem to be fine.
Thats (union costs) what forced them into making cars that have higher profit margins, like overblown SUVS & Luxury pickups.
If they could just make a car to compete with the Accord...
 

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Pelosi Offers Help to Big Auto: 'Make Better Cars'

by Scott Ott for ScrappleFace

(2008-11-10) - With bailout talk swirling around GM and Ford, House Speaker Nancy Pelosi today offered some much-needed help to the U.S. auto industry during a news conference on Capitol Hill.
"Here's my proposal to rescue U.S. automakers," said Rep. Pelosi. "Memo to Detroit: Make better cars."
The California Democrat said problems at Ford and GM weren't caused by the recent financial meltdown, rather they represent "a long-term chronic condition aggravated by a combination of low value-to-price ratios, high labor costs driven by big unions and oppressive government regulation, and the failure of executives to offer a compelling vision to employees and customers alike."

"In other words," she said, "you're making too many expensive cars that no one wants. You'd almost think there was a conspiracy of mediocrity…like someone in the ivory tower said, 'Let's strive, in every market segment, to produce the third-best vehicle.' You executives seem more interested in the size of your offices and of your golden parachutes than you are in the couple who will walk into a dealership in Des Moines today, trying to find a vehicle that meets their needs, fits their budget, and gives them a little thrill because it's designed well."
The Pelosi rescue plan is not limited to company executives, it also includes help for struggling autoworkers.
"You autoworkers think your big union bosses have your best interests at heart," she said, "and so you march in lockstep to the polls where you vote for union-backed political candidates whose campaigns you funded through your union dues. Those politicians, many of them lawyers, then go to Washington and listen to the siren song of union lobbyists to increase the regulatory burden on U.S. automakers, driving up the cost of production so it's tougher for your company to compete with foreign car makers."
"Meanwhile, back in Detroit," Rep. Pelosi said, "your union negotiators threaten your own companies with economic disaster to get contracts that ignore market forces, and treat the average worker like an ignorant baby who needs lifelong coddling, rather than as a resourceful man or woman who just wants an opportunity to earn what his skill, creativity and hard work deserve. The next time your shop steward brags that the union really stuck it to management to get this new contract, you should punch him in the nose. Then remind him that labor and management both draw their paychecks from the same source."
Rep. Pelosi said the automakers and their unions "need to stop acting like little socialist countries, and start behaving like businesses again. It's time to unleash the desire to be part of something great which lies hidden in the hearts of most American workers."
 

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too bad....I thought it sounded a little odd, but I try to be optimistic
 

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Discussion Starter · #16 ·
Thats (union costs) what forced them into making cars that have higher profit margins, like overblown SUVS & Luxury pickups.
If they could just make a car to compete with the Accord...
I agree. Labor costs exist and could have been better met by simply following the 1st step in business......meet or beat the competition. I've owned fords, chevy's, VW's, Toyotas, buicks etc. I get rid of the American @ 100K. The Corolla @ 316K. Thats a pretty louid condemnation of American auto reliability and quality.
 

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Is that your deadrise in your signature Capt. George?? Good looking boat, very well kept for her age. Looks to me like she was built in Dorchester County??? Her transom looks Cecil Robbins built?
 

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With out unions these vehicles would be worse then they are now. The way the car companies treat there employees with union would be much worse with out. Turn around would be greater and quality would be worse. It is being seen with the two tir pay scale that is in effect now. Quality worker will not take the **** dished out day in and day out. Lots of people ***** about UAW wages but would not last a week in the environment. Long hour ( 6 -10 hour days) for months and years at a time. Constant moving, repeatisious work.
 
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