Quote:
Originally Posted by potter
Well look at it this way. GM made the same sales last year as Toyota. Ford this year, is projected to have the same profit increase as Toyota.
So for a moment - keep in mind American sales aren't the reason these companies are loosing money.
Now understand this. The American auto makers are currently paying 20 years retirement to their employees. Meaning people who retire, still get paid for twenty more years.
Also, with the American auto makers their employees are under a union. The current average for mechanics is $78/hour - which includes their benefits. That's $150,000 per year for each mechanic.
This might put into perspective a little bit on why the American auto makers need a bailout right now. The economy and market cannot support those wages. This is why the American auto makers are in such debate with the union right now.
Ok. Now that we've cleared that up. Realize, that right now the American auto makers face a huge problem. A problem in which money cannot fix. Giving the auto makers more money - only supports them enough to not go bankrupt right now. They're still going to have the same problem after they receive the bailout. They'll just need another bailout in the coming months.
This is why congress is having such a hard time with this particular bailout. It won't solve the problem. It'll delay the problem for maybe a year at best.
...... Also. Congress did just bailout the credit system. With 700 billion dollars. So your point is kind of null and void. The government did take care of it's own, go read a newspaper.
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I was just stating a point. No need to be rude asshole.
The government doesn't take care of its own when it has to take weeks to decide if it will give the automakers employing American workers paying American taxes which supports the American government and the elected officials salaries a loan or bailout or whatever you want to call it.
The government doesn't take care of it's own when soldiers coming back from the war do not have a place to turn to and all of a sudden they are the forgotten once who the government turns a blind eye to.
The government doesn't take care of it's own when it spends so much money on a war without blinking it's eye to save people who hate you and your guys and would kill you at the first chance they could.
The government doesn't take care of it's own when it sends troops into battle without proper equipment or accessories to properly defend them self.
The government doesn't take care of it's own when it sends troops into a war that is orchestrated and no real reasons ever existed for the over 4000 man and women killed in the line of duty. Tell the mothers, fathers, sisters, brothers, sisters, sons, daughters, husband, wife's that the government takes care of it's own. You may not get the answer you believe it to be.
Bottom line the government needs to step up and for once act for the interest of the people who voted for them by not only giving these loans but saying to the rest of the world that "we stand by our industry and our people".
How do you think it looks to the rest of the world when the government questions and takes so long to reply to the American industry request for assistance?
Other governments are stepping up to offer assistance to their auto makers and
it's time the congress, senate and president grow some balls and stand up for the American worker.