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Old 12-12-2008, 05:54 AM
 
Location: Michigan
29,391 posts, read 55,596,323 times
Reputation: 22044

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U.S. Senators killed an effort to rescue Detroit automakers Thursday night after a last-ditch attempt to renegotiate the deal died.

The package was doomed on a 52-35 procedural vote, well short of the 60 votes needed to bring the bill to the floor for passage.

ABC News: Bid to Save GM, Chrysler Loans Dies in Senate
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Old 12-12-2008, 06:13 AM
 
Location: OH->FL->NJ
17,005 posts, read 12,592,213 times
Reputation: 8925
To those who were so against it.

Be careful what you wish for. You just might get it.

I think you are wrong BUT I hope you are right.

-1000 on the Dow today?
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Old 12-12-2008, 06:17 AM
 
4,655 posts, read 5,069,504 times
Reputation: 409
So they'll fail, they'll reorganize, and come back stronger, without all the labor costs and unions that exist now.

That might not be a bad thing.
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Old 12-12-2008, 06:22 AM
 
Location: In the sunshine on a ship with a plank
3,413 posts, read 8,837,664 times
Reputation: 2263
I think they need to reorganize, eliminate or bring the UAW in line with reality and begin operating in a manner that will allow for success.

And a bailout will not achieve that. Bankruptcy and reorg might.
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Old 12-12-2008, 06:30 AM
 
15,446 posts, read 21,354,685 times
Reputation: 28701
Quote:
Originally Posted by ottomobeale View Post
To those who were so against it.

Be careful what you wish for. You just might get it.

I think you are wrong BUT I hope you are right.

-1000 on the Dow today?
I doubt we will. Both the big spending President and union-beholden President-Elect want this and will try to find a way around an elected Congress.
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Old 12-12-2008, 06:58 AM
 
Location: Metro-Detroit area
4,050 posts, read 3,959,677 times
Reputation: 2107
It's get so irritating to hear the ignorance that it's the unions fault and if we just force them into making $10.00 a hour then all will be well.
One of the Senators made the point last night that the unions are the ONLY entity in the entire automotive industry being asked to make suicidal concessions at this moment right now. The union broke their own contracts and made concessions twice within the last two years, they agreed to a two tier wage system which guarantees new employees will never make what the older employees made. They agreed in October to wage decreases to help bring their labor costs down to the level of foreign auto companies wages for American workers. They took BILLIONS of liability off the books by assuming responsibility for health care and retirement operations.
No dealers, white collar workers, parts supplier, CEO, CFO, CIO, no one has been asked to give up a percentage of what the workers are asked to give up yet many of us secretly gloat because those people who didn't go to college now can't afford to live in my zip code and I now get to look down on them.
Americans have to produce something it's the backbone of this economy and this country, the textile business, the steel industries, the clothing manufacturing business have all been decimated and sent over seas, yet we believe that people who sit in an office with a corporate job can float the economy, because a person did not or could not go to college does not mean that they should be regulated to sub standard living and minimum wage jobs as societal punishment, although automotive workers may not have gone to college look at the vast amount of training and certifications many have to achieve in order to do that job in the factory, just because they work in the factories doesn't make them stupid or unintelligent.
So we put millions of people out of work with no other industry offering a decent living wage, everybody than goes back to college gets a degree in your field and floods it, are you happy then, now that your wages and field is stagnant?
The stores, restaurants, doctors, dentists, independent business people all see their business decline, some even going out of business, why? because some republican Senators from the south want to solidify the foreign autos companies plants in their district and kill the union all in one throw and some of the so called college educated folk bite off their own noses in spite of their faces saying things will rebound.
What they don't say is that they really could care less if it rebounds or not as long as it doesn't affect their livelihood, welcome to the new America where you step on the back of your fellow man because his career path was different then yours.
It was said last night that if this senate was sitting during the world wars we would have lost those wars due to the selfish posturing of those senators more concerned with their neck of the woods and their business interests instead of the good of the country, I agree, as well as the selfish nature of Americans caught up in the ignorance of class warfare.


Just a snippet to cut the outrageous nonsense that autoworkers make $70.00 and hour or a boatload more than the foreign car workers in the south.

http://www.cbsnews.com/stories/2008/...pinion_4630103
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Old 12-12-2008, 07:36 AM
 
15,446 posts, read 21,354,685 times
Reputation: 28701
Quote:
Originally Posted by reconmark View Post
It's get so irritating to hear the ignorance that it's the unions fault and if we just force them into making $10.00 a hour then all will be well.
Keep in mind that we are all out here seriously tightening our belts with declining home equities, inability to sell our products, fighting higher local taxes with no help from our government. I once had my son-in-law brag that he made four times my former professional salary in the new car sales business with only a high school education. I didn't say a thing because I knew that I made 1/4 his salary 8 hours a day, 5 days a week, 52 weeks a year for thirty years. He is now laid off. The lesson here is that nothing is free, and if it looks free, you had better take a second look. Things are getting really tough and not just in Michigan.
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Old 12-12-2008, 07:39 AM
 
Location: Democratic Peoples Republic of Redneckistan
11,078 posts, read 15,080,865 times
Reputation: 3937
Quote:
Originally Posted by reconmark View Post
It's get so irritating to hear the ignorance that it's the unions fault and if we just force them into making $10.00 a hour then all will be well.
One of the Senators made the point last night that the unions are the ONLY entity in the entire automotive industry being asked to make suicidal concessions at this moment right now. The union broke their own contracts and made concessions twice within the last two years, they agreed to a two tier wage system which guarantees new employees will never make what the older employees made. They agreed in October to wage decreases to help bring their labor costs down to the level of foreign auto companies wages for American workers. They took BILLIONS of liability off the books by assuming responsibility for health care and retirement operations.
No dealers, white collar workers, parts supplier, CEO, CFO, CIO, no one has been asked to give up a percentage of what the workers are asked to give up yet many of us secretly gloat because those people who didn't go to college now can't afford to live in my zip code and I now get to look down on them.
Americans have to produce something it's the backbone of this economy and this country, the textile business, the steel industries, the clothing manufacturing business have all been decimated and sent over seas, yet we believe that people who sit in an office with a corporate job can float the economy, because a person did not or could not go to college does not mean that they should be regulated to sub standard living and minimum wage jobs as societal punishment, although automotive workers may not have gone to college look at the vast amount of training and certifications many have to achieve in order to do that job in the factory, just because they work in the factories doesn't make them stupid or unintelligent.
So we put millions of people out of work with no other industry offering a decent living wage, everybody than goes back to college gets a degree in your field and floods it, are you happy then, now that your wages and field is stagnant?
The stores, restaurants, doctors, dentists, independent business people all see their business decline, some even going out of business, why? because some republican Senators from the south want to solidify the foreign autos companies plants in their district and kill the union all in one throw and some of the so called college educated folk bite off their own noses in spite of their faces saying things will rebound.
What they don't say is that they really could care less if it rebounds or not as long as it doesn't affect their livelihood, welcome to the new America where you step on the back of your fellow man because his career path was different then yours.
It was said last night that if this senate was sitting during the world wars we would have lost those wars due to the selfish posturing of those senators more concerned with their neck of the woods and their business interests instead of the good of the country, I agree, as well as the selfish nature of Americans caught up in the ignorance of class warfare.


Just a snippet to cut the outrageous nonsense that autoworkers make $70.00 and hour or a boatload more than the foreign car workers in the south.

Autoworkers Making $70 An Hour? Not Really, New Republic: Debunking The Myth Of The Exceedingly Well Paid U.S. Autoworker - CBS News
Good post.
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Old 12-12-2008, 07:40 AM
 
Location: By the sea, by the sea, by the beautiful sea
68,329 posts, read 54,389,283 times
Reputation: 40736
I'd like to see Congress lead (yeah, right! ) by example and give back a large portion of their salaries, make up for some of their non-productive time passing non-binding resolutions, etc.
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Old 12-12-2008, 07:41 AM
 
47,525 posts, read 69,698,996 times
Reputation: 22474
The problem is for the lower paid workers in other industries and in other states being forced to pay for this bailout so that the Detroit auto workers and CEO's can keep hauling in the big bucks. How much taxes should someone making $12 or $20 be raised because Detroit is living so high on the hog?

The problem is with NAFTA and the globalization of jobs. Those would still be in effect, American jobs are still being sent out of the country so a bailout makes absolutely no sense. Get rid of NAFTA if you don't want American autoworkers to compete with third world labor.
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