If our sole motivator is protecting pensions, then the most efficient thing is to go straight to the source and ONLY bail out the pensions. Let GM collapse and then take on the pensions during the Chap 9/breakup.
Socialism for the working class will be called socialism.
That is estimated cost for the trip. ie: crew/fuel. This doesn't include cost of the jet, maintenance, airport fees, hanger fees, ground services fees. They like to hide those costs.
As a shareholder you have every right to give them your $.02.
Somebody didn't watch their educational videos on the dangers of socialism
what i was thinking is liquidate all the assets & payout the pension as a lump. this way, you avoid endless litigation (charged against the pool of gm's assets), and there's much needed closure.
if they file Chapter 11 would they still be responsible for paying out pensions? or would they have to file Chapter 7?
It depends what he wants to use his political capital on, bailouts or healthcare
but he doesnt take over until january.
Well, he has a lot of influence I think at this point, so my guess is that he will sit back and relax and wait for something bigger
National healthcare will solve a lot of the problems that the Big Three are having, but he has influence because he won a lot electorally, and the democrats won overwhelmingly in the Senate and House.
It won't now.
Also would have helped if they learned their lesson and focused on designing more efficient cars after the 1970s oil crisis.
Well... we wouldn't want them to solve their problems through their OWN means now... would we?
Why would they? Free the market price incentive dictates that they chase profit, not innovation.
no he's not. he resigned.
Short term.
They do make some decent models for the foreign market but they figured oversized junk was the ticket here.
Yeah - you'd think that they would have seen fit to simply make whatever few modifications were needed and retooled to make those models here.
Wait a sec, don't you have a US Honda Odyssey
It just goes to show you that it's not specifically the U.S. assemblers and suppliers that suck...Wait a sec, don't you have a US Honda Odyssey
The mileage on our Odyssey sucks donkey balls. But I have to say that with 3 rugrats it's awfully nice on a cross country vacation with the grandma.
I'd bet that gets pretty damn good mileage, doesn't it?Honda makes a much better Odyssey for the rest of the world:
oh did he? didnt know that
Well, it probably won't help too much right away, but if we do bail them out and somehow they get back on their feet, having national healthcare greatly reduces costs, since GM won't have to pay for it
paying out employee benefits isnt why the Big Three are hurting.
Actually employee are a large part of it since quality has reached parity with Europe (still lags behind Asia) .
"The average union worker at Chrysler, meanwhile, received 150 percent more in compensation than U.S. workers generally."
So what does Toyota do over here? I'm curious? Do they have really $hitty healthcare plans for their assemblers?
Toyota doesn't have a lot of retirees they are paying health care for and the Big Three don't have pharmacies in the workplace like Toyota does.
i work for a fortune 500 company w/ a third of a million employees, and is almost half a century old. so how did i swing my awesome healthcare & 100% 401(k) matching up to 6% of my competitive base pay?
Toyota hasn't been in-country long enough.
hrug:
