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Shocking: GM Going Bankrupt

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Seems that some people want GM to fail and will take great personal satisfaction from it .

 

I'd prefer they were like Ford. Didn't take a dime and is doing fine.

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Then don't buy one. I have never met such a bunch of gloom and doom whiners that are down on anything American.

 

I have never bought one and apparently I'm not alone. This administration hangs it's hat on saving the auto industry, Obamacare, and killing Bin Laden.

 

I say hogwash, they save nothing but GM, at least for now, they forced Obamacare down our throat and how about how they went about it. Lastly, great Bin Laden is dead yet right now the biggest controversy surrounding Obama is his handling of the Libyian situation.

How so what? How is it a failed business model?

 

If it's a failed business model, isn't that on the corporate officers for not cleaning up the "waste, fraud and abuse" and getting more innovative? Did the auto companies not taking the bailout suddenly fire all union workers? It seems to me Chrysler and Ford are doing better because they may be making better cars lately and doing a better job at trimming the fat, while GM might be stuck in a different era from an innovation standpoint? Sounds like GM needs to spend less money on CEO-types' salaries and more on R&D? All the rank-and-file employees can do is make the product they're told to. If they're failing so badly, no reason CEOs should be banking money for running the company into the ground.

If it's a failed business model, isn't that on the corporate officers for not cleaning up the "waste, fraud and abuse" and getting more innovative? Did the auto companies not taking the bailout suddenly fire all union workers? It seems to me Chrysler and Ford are doing better because they may be making better cars lately and doing a better job at trimming the fat, while GM might be stuck in a different era from an innovation standpoint? Sounds like GM needs to spend less money on CEO-types' salaries and more on R&D? All the rank-and-file employees can do is make the product they're told to. If they're failing so badly, no reason CEOs should be banking money for running the company into the ground.

 

I never blamed the union entirely. As a matter of fact I have stayed completely out of the union discussion. Obviously GM's legacy payments have killed them in the past but it extends much further than that. Starting with an inferior product, which goes along with what you are saying.

 

My biggest issues are the administration beating their chest about saving the auto industry and the government sponsored GM incentive which was nothing more than a tax on the American public.

I never blamed the union entirely. As a matter of fact I have stayed completely out of the union discussion. Obviously GM's legacy payments have killed them in the past but it extends much further than that. Starting with an inferior product, which goes along with what you are saying.

 

My biggest issues are the administration beating their chest about saving the auto industry and the government sponsored GM incentive which was nothing more than a tax on the American public.

 

All I hear from conservative scions such as the Koch brothers and the uber-wealthy is that if the union goes away all will be well. It seems like they believe that with as hardcore as they and their surrogate mouthpieces are at denouncing unions as the root of all evil. Those people never want to point the finger at the bigger problem, such as exorbitant CEO pay for cronies who drive companies into the ground. It's a misdirection play.

Not at my plant. My company is doing well enough for us to still get a piece of the pie come contract time.

 

 

You're doing the exact same thing now non union as you were union? That is awesome. I'm certain Corning wouldn't double my salary but if they wanted to in order to get rid of the union I'd definitely entertain the discussion. Double my salary?With the same benefits, etc also? Write it up. I'll sign it now. I just don't see it happening.

Obviously I'm not doing the same thing. That would violate the CBA. A staunch union veteran like yourself would know that

Obviously I'm not doing the same thing. That would violate the CBA. A staunch union veteran like yourself would know that

 

Just checking. That's why I asked. You said you make twice as much as the top union employees and it reads like you were doing the same thing as a union employee. I could make twice as much as the top union employees at Corning if I went back to school and applied for a company position at work. There are plenty of company people at Corning who double our salaries. There are also plenty of union people who make more money than some of the company people.

What, that unions are corrupt obsolete organizations whose main function in modern times seems to be to do everything they can to get people elected who will throw favors their way. Is that the kind of thing your talking about? Just want to be clear.

 

And allowing financially healthy corporations the freedom to fire people for no other reason than there is cheaper labor available and the ability to avoid paying benefits associated with long tenured employees is good for America? The corporate culture of employee disposability demands an organised response.

 

This country has completely sold out the American workforce in the name of investment maximization.

And allowing financially healthy corporations the freedom to fire people for no other reason than there is cheaper labor available and the ability to avoid paying benefits associated with long tenured employees is good for America? The corporate culture of employee disposability demands an organised response.

 

This country has completely sold out the American workforce in the name of investment maximization.

 

Then these long tenured, displaced employees get berated by a Presidential Candidate because they have to seek public assistance!!!!!!

All I hear from conservative scions such as the Koch brothers and the uber-wealthy is that if the union goes away all will be well. It seems like they believe that with as hardcore as they and their surrogate mouthpieces are at denouncing unions as the root of all evil. Those people never want to point the finger at the bigger problem, such as exorbitant CEO pay for cronies who drive companies into the ground. It's a misdirection play.

 

The damage done by the union was done years ago and it's still impacting GM but I agree with your other points. Things change in the market place and GM is not the dominant player it once was.

And oh by the way, how much tax revenue has the federal government continued to collect because of GM's continued operation?????!!!!!!!!!

And oh by the way, how much tax revenue has the federal government continued to collect because of GM's continued operation?????!!!!!!!!!

If you are spending more to keep it afloat than you are taking in, you are still in the hole.

Does anyone know how Ford is doing lately? I believe they did not take any help and were doing well for a while but haven't really followed them. What do they do different than GM?

Does anyone know how Ford is doing lately? I believe they did not take any help and were doing well for a while but haven't really followed them. What do they do different than GM?

 

This is a good question.

 

Like to hear if anyone has an opinion or facts would be greatly appreciated.

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