Government Motors

Discussion in 'Current Events' started by moreluck, Sep 23, 2010.

  1. moreluck

    moreluck golden ticket member

  2. PMSair

    PMSair Member

    I didn't have to go past Foxnews
     
  3. moreluck

    moreluck golden ticket member

    It's on film....you can believe your own eyes.
     
  4. diesel96

    diesel96 New Member

    It's a good find Moreluck, and each one of those par-taking should be let go..... But why the political angle on the story ? If you don't think this goes on in any-town USA on workers lunch breaks your very niave.....I bet if we follow some Fox News employees with hidden camera's we can get a scoop on some Martini lunches and oxycotin desserts.....But the same ole song and dance routine of Fox's disingenuis journalistic spin is so evidently transparent in their quest to put a Republican in the Whitehouse.
     
  5. moreluck

    moreluck golden ticket member

    These guys have been suspended without pay til the union decides what to do about them. If I was gov't motors or GM or Chrysler or whatever they are called now, they would've been fired immediately.
     
  6. cachsux

    cachsux Wah

    We already had a UPS employee on here self admitting to partaking in a frosty beverage at lunch so who are we to cast stones unless it`s an attempt to build up a little superiority complex bump heading into the weekend.
     
  7. rod

    rod retired and happy

    Now days I don't believe anything if I don't see it in person and sometime not even then. Not saying it didn't happen but stranger things have been faked or set up just to make the other side look bad. To be honest I wouldn't buy another Jeep even if the workers were shown going to church on their lunch break. I've always loved the UAW----------------they make the Teamsters look like angels.
     
  8. moreluck

    moreluck golden ticket member

    My point was...our $$$ rescued this company and this is how grateful the workers are to have a job. I'm sure they think because they work for a gov't owned entity, they can't lose their jobs (like the USPS)
     
  9. cachsux

    cachsux Wah

    Why not just as well say that since these people should be grateful they work for a union company they think they can`t lose their jobs ( like UPS).
    The anti-government loan types fail to look beyond the loan to the automotive companies to see what a domino effect it would have had to allow them to go under. It wouldn`t have been just the car company, it would have been felt all the way to the suppliers of every part made. Those people would have been affected just as well, even us at UPS who ship those parts. The dollars spent on the manufacturers was a small piece of the overall pie that would have been a negative hit on an already weak economy if they were allowed to fail.

    There`s plenty of "our" dollars being :censored2: away on the most wastefull stuff you can imagine. Worry about those if you want. This wasn`t one of them.
     
  10. brett636

    brett636 Well-Known Member

    Wrong. Bankruptcy laws are setup so companies can remain in business while they re-organize their debt. Under bankruptcy protection both companies could have continued producing cars while they reduce loan payments, renegotiate labor contracts, and setup new terms with their suppliers. Neither company needed those loans, and we wouldn't have a leftover stigma in the bond market from when Obama forced bondholders to be the last to get paid when by law they should have been first. The loans were a bad idea, the subsequent bankruptcies and the boondoggle they came will be not forgotten soon. Quite frankly if a company is not organized well enough to handle the worst of times they don't deserve to enjoy the best of times.
     
  11. moreluck

    moreluck golden ticket member

    OMG !!! I just realized that I spelled "motors" wrong. 60 lashes with a wet noodle!
     
  12. Baba gounj

    Baba gounj pensioner

    Amazing, no one corrected you.
    Thus no crime has been committed.
     
  13. cachsux

    cachsux Wah

    Ohhhhh, Moters. Oh well then you were 100% correct More, my apologies.
     
  14. rod

    rod retired and happy

    Whats the matter all you spelling police? Wake up! We had a serious infraction right before your eyes and you didn't catch it. If you don't like your spelling police job I hear MacDonalds is hiring.
     
  15. moreluck

    moreluck golden ticket member

    Ummmm.......actually, it was a self-police job. I caught it. :happy2:
     
  16. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

     
  17. diesel96

    diesel96 New Member

    Source-- The Economist : http://www.economist.com/node/16846494

    So was the auto bail-out a success? It is hard to be sure. Had the government not stepped in, GM might have restructured under normal bankruptcy procedures, without putting public money at risk. Many observers think this unlikely, however. Given the panic that gripped private purse-strings last year, it is more likely that GM would have been liquidated, sending a cascade of destruction through the supply chain on which its rivals, too, depended. As for moral hazard, the expectation of future bail-outs may prompt managers and unions in other industries to behave rashly. But all the stakeholders suffered during GM’s bankruptcy, so this effect may be small.

    Socialists don’t privatise
    That does not mean, however, that bail-outs are always or often justified. Straightforward bankruptcy is usually the most efficient way to allow floundering firms to restructure or fail. The state should step in only when a firm’s collapse poses a systemic risk. Propping up the financial system in 2008 clearly qualified. Saving GM was a harder call, but, with the benefit of hindsight, the right one. The lesson for governments is that for a bail-out to work, it must be brutal and temporary. The lesson for American voters is that their president, for all his flaws, has no desire to own the commanding heights of industry. A gambler, yes. An interventionist, yes. A socialist, no.
     
  18. rod

    rod retired and happy

    You have to do better than that upstate
     
  19. scratch

    scratch Least Best Moderator Staff Member

    I fixed it for you. I misspell stuff all the time.
     
  20. moreluck

    moreluck golden ticket member

    Thanks, Scratch...