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Dec 6th, 2017
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Joined: Jul 2008
Posts: 1,026
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Joined: Jul 2008
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NW, I understand your 3 points... but I have to ask: Why save the big 3 when you can have THE BIG ONE (Ford since it's doing the best out of the 3) survive and let the other 2 companies follow thier failed path?
Demand for cars in general is going down. You have seen the numbers. Demand is 60% of what it was last year and it will continue to decrease.
Bankrupky does spell doom for a car company because nobody will buy a car from such a company... thus liquidation is necessary. But think of how much Ford would benefit from being the lone american car maker. I can see the ads now.
A gem cannot be polished without friction, nor a man perfected without trials. ~Chinese Proverb
The early bird gets the worm, but the second mouse gets the cheese. ~Jon Hammond
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Joined: Sep 2011
Posts: 18,003 Likes: 191
Moderator Carpal Tunnel
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Moderator Carpal Tunnel
Joined: Sep 2011
Posts: 18,003 Likes: 191 |
I can also appreciate the impact of monopoly power. Three is better than two or one when it comes to protecting the government's interests, as well as the consuming public's.
A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.
Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich
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Joined: Jul 2008
Posts: 1,026
member
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Joined: Jul 2008
Posts: 1,026 |
I can also appreciate the impact of monopoly power. Three is better than two or one when it comes to protecting the government's interests, as well as the consuming public's. You still have all the foreign owned auto companies that will continue to operate in the US.
A gem cannot be polished without friction, nor a man perfected without trials. ~Chinese Proverb
The early bird gets the worm, but the second mouse gets the cheese. ~Jon Hammond
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Joined: Sep 2011
Posts: 18,003 Likes: 191
Moderator Carpal Tunnel
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Moderator Carpal Tunnel
Joined: Sep 2011
Posts: 18,003 Likes: 191 |
You still have all the foreign owned auto companies that will continue to operate in the US. As long as it is convenient and not against the interest of their home countries...
A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.
Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich
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Joined: Jul 2008
Posts: 1,026
member
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Joined: Jul 2008
Posts: 1,026 |
You still have all the foreign owned auto companies that will continue to operate in the US. As long as it is convenient and not against the interest of their home countries... Corporations are bigger than governments... at least in the industrial countries. The examples where the government tell a company how to operate are a lot fewer than the examples where a big company tells the government how to write the rules.
A gem cannot be polished without friction, nor a man perfected without trials. ~Chinese Proverb
The early bird gets the worm, but the second mouse gets the cheese. ~Jon Hammond
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Joined: Sep 2005
Posts: 12,581
Pooh-Bah
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Pooh-Bah
Joined: Sep 2005
Posts: 12,581 |
The same folks that don't have money for American cars also don't have money for Toyotas. There is a repo business here in my complex, almost daily another truckload of cars comes in for detailing and their trip to the auction. The banks are foreclosing on all makes and models. It's one of the few business' here that are thriving. It would be interesting to know what you and others who are using the term mean when you refer to "American cars". And since Toyota was mentioned, if they need help will y'all be willing to go to their rescue as well to protect their American work force? Yours, Issodhos
"When all has been said that can be said, and all has been done that can be done, there will be poetry";-) -- Issodhos
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Joined: May 2005
Posts: 47,433 Likes: 373
Member CHB-OG
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Member CHB-OG
Joined: May 2005
Posts: 47,433 Likes: 373 |
I heard that Big 3 assembly line folks make $66.00/hr (including benies).
That's outrageous for a blue collar job! Meat cutters max out at $22.00/hr.
Contrarian, extraordinaire
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Joined: Dec 2005
Posts: 8,707
veteran
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Joined: Dec 2005
Posts: 8,707 |
Detroit vs. Wall Stree: The Trillion Dollar Class War The difference between a diffident Congress respectfully requesting a teensy bit more information before handing Henry The-Sky –Is-Falling Paulson a $700 billion authorization, in record time and with no strings attached, stands in stark contrast to the hostility and derision directed at Detroit’s auto executives, who are responsible for actually making something useful and who are requesting a $34 billion guaranteed loan to help get them through the harshest economy in memory. An economy in freefall, by the way, that is the direct and immediate consequence of Wall Street and its Washington, D.C., enablers.
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Joined: Nov 2006
Posts: 19,831 Likes: 180
Carpal Tunnel
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Carpal Tunnel
Joined: Nov 2006
Posts: 19,831 Likes: 180 |
The same folks that don't have money for American cars also don't have money for Toyotas. There is a repo business here in my complex, almost daily another truckload of cars comes in for detailing and their trip to the auction. The banks are foreclosing on all makes and models. It's one of the few business' here that are thriving. It would be interesting to know what you and others who are using the term mean when you refer to "American cars". And since Toyota was mentioned, if they need help will y'all be willing to go to their rescue as well to protect their American work force? Yours, Issodhos Issodhos I thought I was very clear in referring to "American cars" as such but I was in fact referring to American Owned Auto Manufacturers or specifically the "BIG3" (which is a possible misnomer) I very specifically did not refer to Toyotas as "Foreign" cars but for clarification will in the future refer to them as Foreign Owned Auto Manufacturers Who Use American Labor for Final Assembly. It isn't Labor that is asking for help or Toyota or Nissan, their corporate jets weren't the ones flocking to the government teat. I will humbly submit that they should approach their own governments for bailouts and if their employees and workforce are Union members and have complaints they should take it to their unions.
Good coffee, good weed, and time on my hands...
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Joined: Nov 2006
Posts: 19,831 Likes: 180
Carpal Tunnel
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Carpal Tunnel
Joined: Nov 2006
Posts: 19,831 Likes: 180 |
I heard that Big 3 assembly line folks make $66.00/hr (including benies).
That's outrageous for a blue collar job! Meat cutters max out at $22.00/hr. I'm pretty sure we just went over this.......Actual wages run something like $26-$28 an hour for autoworkers and the two tier wage system is taking on all new hires at greatly reduced wages. Less in fact than meatcutters are making.
Good coffee, good weed, and time on my hands...
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