Quote:
Originally Posted by preciousjeni
It would be nice if they would declare bankruptcy, rework the executive salaries and renegotiate/terminate the union contracts (it's incredible how much money the union workers make) that are killing the companies.
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I take it you've never met a Union line worker. You've never seen the blood sweat and tears they put into their job. The hours they spend away from their family to put food on the table, going to bed before their own children go to bed because they have to be up at 2 or 3am to make it in for the early shift. They deserve that money. Auto workers are the hardest workers I know. And most aren't even Union. Most are temps who are trying to get into the Union so that they don't lose their job and can get benefits that are hard to come by these days.
Quote:
Originally Posted by AGDee
I'm afraid I'm much too emotional about this topic to truly debate it in any form. So for now, other than posting Mitch Albom's thoughts, I will just say... if they do not get loans from the government and file bankruptcy, I hope everybody is braced for the fallout from it.
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Dee we've already felt that fallout. Non Michiganders won't know until shit hits the fan. With every factory or shift closing, more small businesses keep closing. More foreclosures. More job losses. More homeless people out on the street. Everyone's easy answer is to move out of Michigan. Unfortunately for some, it's not that easy. Moving takes money, and some people are lucky if they can even pay their rent or taxes.
Quote:
Originally Posted by UGAalum94
http://www.freep.com/article/2008112...1230371/?imw=Y
The sense of entitlement in that article is pretty off-putting. The claim seems to boil down to because Congress has wasted other money it makes sense to hand it over here as well.
And some of the things he mentions, I guess as analogies, don't really work. Approving a merger between Delta and Northwest, Alabama tax breaks?
What are we really talking about with the Detroit Three? Keeping them in business and guaranteeing employment for their workers until such time as the national economy is in better shape overall and can absorb the general job loss better?
Does anyone really believe those companies are going to turn it around and be self-sufficient and profitable? On what would that hope be based? Even the recent fuel price/SUV problem mirrors what happened in the 1970s.
The companies really do need to show how they plan to recover, if they can, to justify giving the money to them.
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You are highly mistaken. While they are headquartered in Detroit (actually Dearborn and wherever), they are NOT the Detroit Three. They are the Big 3 who employs people all over our country, not just in Detroit. These companies going bankrupt isn't going to affect only Detroit, but the cities in which they have factories as well.
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