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What are your thought on this and may you find the truth, good luck!
While on the face of it, the question sounds pretty stupid, but when you think about it... why don't just buy them. Sort of like Apple with iTunes/iPods.
To whoever responded, Let them die ... I agree, but that wasn't my initial question. My question was why don't the oil companies bailout the auto industry instead of the government, which is going to happen in a few days.
That figure includes salary and fringe benefits. The largest component of the fringe is retirement and medical benefits. It is a very real number.
The UAW has promised its members more than the automakers can deliver. Pensions like theirs rely on new workers and their contributions (as well as profits) to fund the retirement benefits of the departing workers. Based on the global supply of cheaper labor, other manufacturers who do not have union contracts have an immediate advantage over the Big Three. Even within the US, Toyota still pays a decent wage, but their employees do not have the pension that the UAW has.
In an analysis prepared last year, only one other group had better retirement as a whole than UAW workers - Policeman. Law enforcement had the most generous retirement benefits, followed by UAW workers, then teacher / state / municpial employees, and then federal govt. workers hired before the cutoff. Other groups included govt. employees in certain DOE and DOD legacy programs.
To educate you, the average UAW wage (net of benefits) is about $38 an hour. The fringe benefits add the balance of the $75 figure. In other words, for every dollar they pay them today, they have to bank another dollar to pay them all the way through retirement. Does $75 an hour really seem that out of line to you?
I find it infinitely bizarre logic that exponential health care costs are getting blamed on middle class. No chance you can see the warnings/ concerns trying to be addressed during Clinton years met with obstructionist policies and well heeled lobbyists defending pork? Those concerns were swept under the rug by republicans who didn't see the point of reigning in health care industry.
Amazing how it's always someone else's fault with that fiscal conservative 'leadership' party!! Plan on abolishing all retirements, might as well be honest with folks before you start asking for their vote instead of the passive aggressive shell games foisted upon them. Joe public can't afford lies.
Why should oil companies bail them out? People are buying oil. And people are buying cars and trucks. But the big 3 cannot compete because they've become a totally inefficient mammoth of ridiculous management. Let them die. Toyota, Hyundai, Honda, Nissan, and Mercedes all have operations within the US and are doing quiet well. If the big 3 cannot solve their ridiculous inefficiency, let them die forever.
They moved into the south a way from big unions tho.
I wonder why the auto industry doesn't try to sue Big Oil for ruining their business by running up the oil prices. That is what killed the big three, the skyrocketing price of gas. If they could prove Exxon price gouged, they could force Exxon to hand its record profits over. If nothing else the big three have the resources to pull it off, and successful or not, the threat of such a suit might keep big oil more honest in the future.
I wonder why the auto industry doesn't try to sue Big Oil for ruining their business by running up the oil prices. That is what killed the big three, the skyrocketing price of gas. If they could prove Exxon price gouged, they could force Exxon to hand its record profits over. If nothing else the big three have the resources to pull it off, and successful or not, the threat of such a suit might keep big oil more honest in the future.
Doctors need patients - maybe the Dr's can just bailout healthcare and give away free medical care. Does anybody think rationally anymore?
Loads of doctors see medicaid patients, which don't pay diddly ... so you're argument isn't rational either. Last I heard from a doctor friend of mine, he gets $5 for a medicaid patient ... so if a rural doctor sees medicaid patients solely ... they're the ones who need the bailing.
I wonder why the auto industry doesn't try to sue Big Oil for ruining their business by running up the oil prices. That is what killed the big three, the skyrocketing price of gas. If they could prove Exxon price gouged, they could force Exxon to hand its record profits over. If nothing else the big three have the resources to pull it off, and successful or not, the threat of such a suit might keep big oil more honest in the future.
A business model that relies on low prices of a finite resource that is found mostly in unstable regions is doomed to fail.
I wonder why the auto industry doesn't try to sue Big Oil for ruining their business by running up the oil prices. That is what killed the big three, the skyrocketing price of gas. If they could prove Exxon price gouged, they could force Exxon to hand its record profits over. If nothing else the big three have the resources to pull it off, and successful or not, the threat of such a suit might keep big oil more honest in the future.
Not true at all. The big 3's refusal to produce anything but SUV's killed them. It didn't help that they lobbied for years against making more energy efficient cars. Did the Big 3 really think oil was going to cost 1.00 a gallon forever? You want proof that the Big 3 is run by morons? Look at the Detroit Lions. They can't even get one winning season from a league that is inherently socialist!
Because they liike everbody else think they got themselves in to this mess and are not a good risk. Afetrall ;why shpould they punish their investors and employees when the auto industry did nothing when they went thru having their refineries be sold ;and not make a profit fronm the mid 70 thru 2003 when it again became profitable to run a refinery. They completely turned their industry around which is what the auto industry in US needed to do durig that same time.They do not depend on the US auto industry;as they service the world. A growing part of thier frowth is in other antions not the US.Even at thioer peak a company like exxon opnpy return like 6% profit and they have invested it wise conmpared tothe big three.
Laughing here tex-- there's a VAST difference between what happens on paper and what happens in real life. You really think Oil Industry operated to break even for 30yrs as if a charitable service to USA? Corporate hobby?
More than not are riding grandfathered infrastructure into the ground like a late model car for depreciation value. When their own public shares are undervalued they buy back their own stock at significant discount and strengthening their value. When shortages happen they'll be sure to have the leverage they need from Joe public making noise at politicians to pave an easy path for themselves; Drill baby drill. I assure you they aren't dummies about our as-is political system.
Oil buying auto industry is keeping all your eggs in one basket. I don't blame them if they don't want to touch it with a ten foot pole. Poor strategy. They've concentrated on exploration investments because if they can make a deal owning oil sources they can cut out opec upstream and still profit if political muscle flexing happens on global spot market. Some of them have quit blatantly bucking the system and are investing in R&D renewables in modest ways. Should the combustion engine go by the wayside the way steam engines did when oil industry was birthed, they're poised for the transition by owning the technology. They also have the option of timing the release of technology should it come to fruition. Now THAT's smart.
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No chance you can see the warnings/ concerns trying to be addressed during Clinton years met with obstructionist policies and well heeled lobbyists defending pork? Those concerns were swept under the rug by republicans who didn't see the point of reigning in health care industry. 
Plan on abolishing all retirements, might as well be honest with folks before you start asking for their vote instead of the passive aggressive shell games foisted upon them. Joe public can't afford lies.
