It is all about oil. no other arguement makes sense. Oil went up, spare cash went to saudi. Some company needing cash went to sell some of the spiffy mortgage backed securites which had no value triggering Sarbnnes Oxley. the securites had little value as the mortgage holders were defaulting due to all that cash going to the camel jocks.
Nothing else.
I agree with VMan that the man is a loon.
The big three made enough to pay those high salaries, but the gas got them as well.
sorry, it is late and I appear to be babbling. Thanks for the space.
on 19 Dec 2008 at 2:19 am Broad
The only thing with which I take issue in the whole automotive bailout thing is that the union people are being asked to take a cut …
WHEN THE EXECUTIVES HAVEN’T BEEN AND DON’T SEEM TO BE THIS GO AROUND. (Thought I was going to stick up for the unions, didn’t you!??)
I absolutely agree the American car model is a disaster and needs a huge overhaul, and like the other Great Bailout, I have yet to see any compelling reason why one should be given to the big three. And yes, I think that unions need to make as many concessions as they need to in order to keep the plants alive. It’s just not right to ask the workers to give up money when these highly paid assclowns are still making a bajillion for running the companies into the ground.
The execs have been taking cuts all along, at Ford, GM, and Chrysler. But all you hear is tiny blurbs, like this from CNN Money:”The plans included salary cuts for top executives, the sale of corporate jets by General Motors and Ford ” The middle management at the big three are already making a lot less than their union counterparts.
The American car model is a disaster? No. Osha, the EPA, and Cafe standards are a disaster, and have been since the Carter administration. That is the only thing keeping the big three from making cars people want to buy.
on 19 Dec 2008 at 11:31 am angus lincoln
I find these opinions to be worth more than most as I have not really looked too deeply into the matter until the last few months. There’s so many opinions floating out there, sometimes it’s hard to trust any of them. These you speak of seem to cut through a lot of it…Thanks
on 19 Dec 2008 at 1:20 pm Libsarenavelint
We Southerns are kicking Yankee ass this go ’round.
Carpet baggin’ bastards.
on 19 Dec 2008 at 2:29 pm Grumpy Old Ham
“The American car model is a disaster? No. Osha, the EPA, and Cafe standards are a disaster, and have been since the Carter administration. That is the only thing keeping the big three from making cars people want to buy.”
Bossman — I keep hearing people say this but do the furriners making cars here not have to meet the same standards? Don’t get me wrong, there’s a lot of badness in those regulations. If they are a common albatross across all cars sold here, then the problem must lie somewhere else, dontcha think?
“I keep hearing people say this but do the furriners making cars here not have to meet the same standards?”
Yes, sort of. But they were specifically designed to hurt US car makers. Want an SUV? For every one Ford or Gm or Chrysler sells, they have to sell “n” shitbuckets. Toyota et al have always built shitboxes, but now that they want to build cars people actually want to buy (suv’s) they are fighting the same reguilations. The core is that Toyota and Honda plants are full of happy workers, for the most part, who are non union.
It is all about oil. no other arguement makes sense. Oil went up, spare cash went to saudi. Some company needing cash went to sell some of the spiffy mortgage backed securites which had no value triggering Sarbnnes Oxley. the securites had little value as the mortgage holders were defaulting due to all that cash going to the camel jocks.
Nothing else.
I agree with VMan that the man is a loon.
The big three made enough to pay those high salaries, but the gas got them as well.
sorry, it is late and I appear to be babbling. Thanks for the space.
The only thing with which I take issue in the whole automotive bailout thing is that the union people are being asked to take a cut …
WHEN THE EXECUTIVES HAVEN’T BEEN AND DON’T SEEM TO BE THIS GO AROUND. (Thought I was going to stick up for the unions, didn’t you!??)
I absolutely agree the American car model is a disaster and needs a huge overhaul, and like the other Great Bailout, I have yet to see any compelling reason why one should be given to the big three. And yes, I think that unions need to make as many concessions as they need to in order to keep the plants alive. It’s just not right to ask the workers to give up money when these highly paid assclowns are still making a bajillion for running the companies into the ground.
The execs have been taking cuts all along, at Ford, GM, and Chrysler. But all you hear is tiny blurbs, like this from CNN Money:”The plans included salary cuts for top executives, the sale of corporate jets by General Motors and Ford ” The middle management at the big three are already making a lot less than their union counterparts.
The American car model is a disaster? No. Osha, the EPA, and Cafe standards are a disaster, and have been since the Carter administration. That is the only thing keeping the big three from making cars people want to buy.
I find these opinions to be worth more than most as I have not really looked too deeply into the matter until the last few months. There’s so many opinions floating out there, sometimes it’s hard to trust any of them. These you speak of seem to cut through a lot of it…Thanks
We Southerns are kicking Yankee ass this go ’round.
Carpet baggin’ bastards.
“The American car model is a disaster? No. Osha, the EPA, and Cafe standards are a disaster, and have been since the Carter administration. That is the only thing keeping the big three from making cars people want to buy.”
Bossman — I keep hearing people say this but do the furriners making cars here not have to meet the same standards? Don’t get me wrong, there’s a lot of badness in those regulations. If they are a common albatross across all cars sold here, then the problem must lie somewhere else, dontcha think?
“I keep hearing people say this but do the furriners making cars here not have to meet the same standards?”
Yes, sort of. But they were specifically designed to hurt US car makers. Want an SUV? For every one Ford or Gm or Chrysler sells, they have to sell “n” shitbuckets. Toyota et al have always built shitboxes, but now that they want to build cars people actually want to buy (suv’s) they are fighting the same reguilations. The core is that Toyota and Honda plants are full of happy workers, for the most part, who are non union.