Why are the Big 3 automakers on the brink of bankruptcy? Bad management? Absolutely. But an onerous union contract with the UAW is a big part of the problem too, in particular the jobs bank. Workers, who otherwise would be laid off in an attempt to reduce labor costs, instead are placed in a jobs bank and paid at 80% of their salary for up to 5 years I understand, for doing nothing. But listen to this interview by Neil Cavuto with Job Banker Dan Simon. He could have moved with his job … but chose not to … why would he. Video below the fold.
and you want your taxpayer money to reward ridiculous contracts like this. I blame management for agreeing to this … and the UAW for thinking it could get away with this kind of waste for very long.
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A government bail-out would be good money after bad.
The best part is not one of anybody will in any way be better off if they fail. But at least you put those no good bums with there good health care and pensions and decent wages in their places .. but..Ha ha you still have nothing and you are still no better off then but oh you will be worse so much worse off..what comes around goes around..
Oh where oh where has my job gone oh where oh where can it be. Oh where oh where did my country go oh where can it be… It left the country in our hour of need after Sept 11 and now what is left you faught to kill. See those stories about the lines at the soup kitchens and the empty food banks and chairtys broke and unable to help those less off well now it's all of us so go stand it line but hey we did put those bums in detroit out of work and taught them a lesson for making a living… well The jokes was on us the workers because those that could said see you suckers enjoy the bills we left for you.Off to loot Austrilia now.
Gary: "The best part is not one of anybody will in any way be better off if they fail. But at least you put those no good bums with there good health care and pensions and decent wages in their places."
Gary, this may be too deep a thought for you, but actions have consequences and, when you choose a course of action, you choose the consequences associated with that action.