Of course we shouldn't bail them out, then they will just fail again 10 years down the line. A bailout is a temporary solution to a long term problem.
They already compromised on health care and pensions, and GM is still failing because of poor business decisions. Whenever they compromise, the workers lose and GM is still in trouble.
Except that this is the U.S we are talking about and this kind of thing only happens in a Bizarro America where people get healthcare, a living wage, and equality
Unfortunately, this is sad but true.Except that this is the U.S we are talking about and this kind of thing only happens in a Bizarro America where people get healthcare, a living wage, and equality
Just look at what a ****hole Detroit and Flint are, when they move out from other cities, the same thing will happen.
Unions are the only thing that stops capital from taking advantage of labor. They aren't giving in much because the cost of living is skyrocketing, and screwing over your members in a time of economic hardship is bad.
Unions need to go away.
"capital," as you put it, founded this country on the broken backs on the laborers. its worked before and will continue to work
That's the problem.
Wow, workers using their power as a bargaining body to get more benefits! How dastardly! Why doesn't someone put a stop to this heinous behavior
i see we are on the same page now.
whys that?
I really don't see a problem with this, because for every bad teacher that stays in the system, GOOD teachers are able to keep working without being fired because they cost too much to keep around. It is an unfortunate side effect, but it prevents age discrimination, a serious, under reported problem.
because it was absolutely ridiculous
That's my understanding of it.
is there something innately impermissible about this? if that's what the market dictates then so be it.
No. There isn't. Flint, MI has been 5th world for at LEAST 30 years...
Well, since we have a government, the invisible hand of the free market isn't free to anally rape us. Putting people into poverty when we can prevent it isn't a good thing to do.
"poverty" has been defined to be below the median income level, which renders the term useless.
Just because the Republicans think that the progressive income tax is socialism, doesn't mean it is.
why let any company fail then? why even have the pretense of capitalism? if we're going to allow companies to profit we must allow them to succumb to their failures as well.
when the progression stifles motivation to grow, it creeps. i think we can agree that if gm were taxed at the same rate as a small business, they wouldn't be in such dire straits.
sooooo.....break up the unions?
on principle, i agree. but when you have a stifling tax code married to the mob rule of unions, the term capitalism has too lost all its original meaning.
actually the estimated price was only $20k roundtrip, when first class tickets to DC would have only cost $837.
They are too big to fail. Bailing out will only delay the problem, not fix it.
they arent too big to fail....but the government wont allow $50bil in economy and millions of jobs to be lost because they are going to fail.
The bailout is a temporary bandaid to a long term problem, but the country can't afford 1 million jobs lost at this point.
I want the execs to eat **** as much as you do, but there are also a lot of retired people who need the pensions that they get to be economically secure.
I didn't want to overestimate. 13 million would be affected somehow.
boom.
