[ziggy]

Tegan Tegan:

Sapio Sapio:

I hope it does not pass. What a bad idea.

Economics 101, if a stimulus package is not passed in some form, every Canadian will suffer the financial consequences. Are you a masochist or is it that you would prefer have less money and/or be unemployed?

Uh,they can try job sharing like their predecessors did before the union folk adopted a me first attitude,it's worked before and with 25 years working union I can tell you it works but first you have to eliminate that top greedy bunch that have seniority and dont care about anyone as long as they have their shifts.

That's called "life 101" and trumps any kind of economic class you took in school.

The unions need to do what their supposed to and thats keep all their members working and not just a select few.And in the end if their greed makes one or the other 3 declare bankuptrucy then that's all good.A *wake up call for the union will happen and i've seen it first hand before when BRIC told the umwa to take a flying fuc* and put all their members out of work and the ones who had 25 years pension just got it now,about 2 cents on the dollar.Most are dead now so their kids will at least get the message.Allmost 2000 people lost their jobs because of a greedy arrogant union boss who thought he could pull the strings but learned later that economics and sales ruled the day.

The unions need to grow up or face extinction after all their members have lost everything and dont think it wont happen.

[Mustang1]

The Big 3 getting a loan isn't that detrimental, despite the chronically unaware's objections. I agree that questionable products play a part, but don't underestimate the current economic climates psychological effect on consumers and the credit problems facing many potential buyers. People need to remember that other auto manufacturers are facing market and sales issues as well.

[ziggy]

I have no problem giving them a "hand up" but they should seriously think about making some concessions amongst their own members before asking the public for money. Last time I looked having a job was a priviledge and not a right.

[Mustang1]

ziggy ziggy:

I have no problem giving them a "hand up" but they should seriously think about making some concessions amongst their own members before asking the public for money. Last time I looked having a job was a priviledge and not a right.

Agreed. Concessions from upper managment down to plant floor.

[ziggy]

Mustang1 Mustang1:

ziggy ziggy:

I have no problem giving them a "hand up" but they should seriously think about making some concessions amongst their own members before asking the public for money. Last time I looked having a job was a priviledge and not a right.

Agreed. Concessions from upper managment down to plant floor.

For sure,management has to show the workers they are also online and serious about being productive for less,the money will follow and everyone will have their jobs at the end of the day.

[Sapio]

WDHIII WDHIII:

Auto industry bailout plan dies in the Senate

[Thanos]

WDHIII WDHIII:

Auto industry bailout plan dies in the Senate

Ouch. I'm glad I liquidated what was left of my mutual funds and turned them into a GIC instead. The market'll probably drop a thousand point tomorrow alone as a result.

[martin14]

Thanos Thanos:

WDHIII WDHIII:

Auto industry bailout plan dies in the Senate

Ouch. I'm glad I liquidated what was left of my mutual funds and turned them into a GIC instead. The market'll probably drop a thousand point tomorrow alone as a result.

european markets open 3-5% down,
if you have something in the market, prolly better not to look today.

amazing how the banks get 700 billion, and they cant find a 15 b loan
to save 2.5 million jobs at a time like this.

give this a couple of years, we'll have some revolutions coming

[dog77_1999]

You hate to see job losses, but the auto industry needs to lose some. It has to happen for it to be healthy and profitable. The 3 make good cars now. The Union and the legacy payments are huge. They are building up quite a bit of debt. I understand the loan is supposed to help but it is just stalling the inevitable. Chapter 11 does everything that these companies need to do. Doing so will allow for the massive restructuring without union interference.

My personal opinion is people will still buy cars from them. I think the sales won't be too detrimental so long as it is clear that the part companies will still be there.

[Scape]

Oh this is so going to hurt. On the upside it's good to get the hurt over with if they are going to let them die.

[dog77_1999]

Scape Scape:

Oh this is so going to hurt. On the upside it's good to get the hurt over with if they are going to let them die.

I still don't think they will die (as in Chp. 7, selling everything). They will fix everyone's wages and get the books right. I guarentee they will be stronger and better if they go into Chp. 11. The only one who is gonna lose no matter what is the UAW.

[martin14]

i dont think they will die either, and 98% of the time I would agree
with not helping them.

Just not right at this time.

Russia is climbing towards 10% unemployment.

I heard if the 3 go chapter 11, the US unemployment rate
could do the same.

[commanderkai]

travior travior:

The unions had their place in the 20's-40's era, but they have since outgrown their usefulness and have become their own worst enemy. Hope things work out for your dad's job C-kai. As bad as things are up there, just tell yourself that it could be worse, you could be in America.

My dad will be fine. His part of GMAC is still making a good profit, after he turned it around (again, he did it between 1998-2001 before transferring him to Canadian operations, and then back to South American operations in 2006). He is living in the States though, Rochester Hills Michigan, and he's probably the last person moving into Southeast Michigan.

I agree with the unions outliving their usefulness. Times have changed, and with that, the unions should have changed with them. Their use as a representative of the working class have now just made them into one large political donation contributor, which is wrong.

[ziggy]

commanderkai commanderkai:

travior travior:

The unions had their place in the 20's-40's era, but they have since outgrown their usefulness and have become their own worst enemy. Hope things work out for your dad's job C-kai. As bad as things are up there, just tell yourself that it could be worse, you could be in America.

My dad will be fine. His part of GMAC is still making a good profit, after he turned it around (again, he did it between 1998-2001 before transferring him to Canadian operations, and then back to South American operations in 2006). He is living in the States though, Rochester Hills Michigan, and he's probably the last person moving into Southeast Michigan.

I agree with the unions outliving their usefulness. Times have changed, and with that, the unions should have changed with them. Their use as a representative of the working class have now just made them into one large political donation contributor, which is wrong.

We revolted against out union back in 1986 and took a vote to put and end to them donating a portion of our dues to the local NDP candidate.This pissed off a lot of people but the vote went through big time.

[ridenrain]

With that fresh money, what could they have done now that they didn't do before?
Good that it failed and it's unfortunate that many workers will lose their bloated jobs but they were unsustainable anyways.