Should The Government Bailout GM?

[dmek25]

Originally Posted by Buster

No.

Bankruptcy will actually benefit the companies because they can restructure everything and if they have brains, eliminate the Union(s).

Unions are the problem. They are no longer necessary because the Government has put so many regulations about working conditions, fair hiring and even a minimum wage (although auto workers will be making far more than that).

They're turned into a way to fight for fairness for employees to a political machine that in itself is a business trying to get rich for themselves. They protect bad workers and prevent companies from hiring or even affording good workers.

this is as about an uneducated post that i have ever read around here. your saying that the government will take care of these auto workers? the place i work at could definitely use a union. they make millions upon millions, cut jobs, add more and more responsibility to the remaining work force. they raise our health care co payments every year. meanwhile, the C.E.O's still receive their multi million dollar bonuses. on top of that, their stock options. does this seem fair to you buster? my average raise has been about 2% over the last 5 years. with my benefits costing me more, its like no raise at all

[70Chip]

The bailout isn't for the companies. Companies can go into bankruptcy and come out the other side in much better shape. The bailout is for the Union. That's why a better strategy for the CEOs would be to say, "We don't need your money". They should be threatening to file bankruptcy. Call the Democratic bluff. Pelosi and Reid will still be desperate to give them a fat pile of cash anyways because the UAW needs it far worse than the executives do. I'm forever amazed at how politically hopeless these CEOs are, though. It's not surprising that we are in the shape we are.

[firstdown]

Originally Posted by dmek25

this is as about an uneducated post that i have ever read around here. your saying that the government will take care of these auto workers? the place i work at could definitely use a union. they make millions upon millions, cut jobs, add more and more responsibility to the remaining work force. they raise our health care co payments every year. meanwhile, the C.E.O's still receive their multi million dollar bonuses. on top of that, their stock options. does this seem fair to you buster? my average raise has been about 2% over the last 5 years. with my benefits costing me more, its like no raise at all

Sounds like your lucky to have an employer who pays your health ins. I pay $7,968 a year for health insurance and that does not include deductables or co-pays. I'm not complaining but I think people do not realize the cost to business to provide this coverage.