tag:blogger.com,1999:blog-2221405275974541103.post8929146830352944457..comments2023-10-15T11:24:38.417-04:00Comments on The U.S. Parliament: On the Proposed Auto BailoutJacobhttp://www.blogger.com/profile/14563739841535780915noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2221405275974541103.post-67818841891147029172008-11-20T15:46:00.000-05:002008-11-20T15:46:00.000-05:00Some form of forced reorganization is the only way...Some form of forced reorganization is the only way the car companies can break their agreements that give them inflated costs. State laws force GM to have 7,000 dealers vs 2,500 for the same sales at Toyota, as one example. <BR/><BR/>But this means: Closing most of GM's product lines and almost all of Chrysler. Replacing the top management. Accelerating the separation of the union retirement plans, which means cutting them. <BR/><BR/>All that will be extremely hard to do without strong leadership from Washington, which is, sadly, an oxymoron. :( You could see the problems during the hearings on CSPN -- Sen. Dodd saying there was nothing wrong with assembly line workers that get $153,000+ a year, getting 95% of pay when factories are idle. <BR/><BR/>Asking the average American, who makes $40,000 a year, and almost half the time doesn't have insurance, to subsidize the UAW's benefits (not to mention executives' jets) is just plain wrong. But these guys do it with a straight face.JimFhttps://www.blogger.com/profile/16662799918855246262noreply@blogger.comtag:blogger.com,1999:blog-2221405275974541103.post-33180303159680381892008-11-18T18:11:00.000-05:002008-11-18T18:11:00.000-05:00I believe it is in their interest to file for chap...I believe it is in their interest to file for chapter 11 screw the retirees and what they believe are over paid hourly workers and set their own terms so they can better compete!jmsjoinhttps://www.blogger.com/profile/17631105639275375922noreply@blogger.com