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#1
posted to rec.boats
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Solution for GM
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#2
posted to rec.boats
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Solution for GM
"Boater" wrote in message ... wrote: On Nov 17, 11:10 am, "Eisboch" wrote: wrote in message ... On Nov 17, 6:59 am, "Eisboch" wrote: Well, GM has already ripped the Canadian Govt. for millions in a loan. **** your idea. As a taxpayer, I'm not giving them anything. Gee, silver-spooner, why not give them some of your money. The fat-payed CEO, and other over-payed leeches down the line , should be held responsible. ----------------------------- "silver-spooner"? LOL. That's a new one. You sound a bit more frustrated today than usual. Cut back on your overtime? Union dues go up? Or did your shop steward inform you that your latest grievance was denied? Eisboch The company just got the union to up the manhours worked to two, for a days pay... Rowdy Mouse Racing, Don't need no stinkin' union... Or brains, apparently. So...how much have you saved for that kid's college? Funny thing about that. If the parents spent all their money on BMW's and vacations and have no real assets, the FAFSA application and program will allow them huge amounts of financial aid. But if the parents were middle class and saved for the kid's education, then little aid is available. If there are savings put aside in hte kid's name, then 1/3 of that will go each year to the education costs. I paid for my kid's education and saved 50% on the younger ones university education as she earned a 1/2 ride scholarship for grades. Private University, so still cost a little more per month than the older one sho went to a Calif. public University. If Justwait's kid has decent grades, and he has no money, the kid still gets to go to college. |
#3
posted to rec.boats
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Solution for GM
On Mon, 17 Nov 2008 12:45:15 -0500, Boater wrote:
wrote: On Nov 17, 11:10 am, "Eisboch" wrote: wrote in message ... On Nov 17, 6:59 am, "Eisboch" wrote: Well, GM has already ripped the Canadian Govt. for millions in a loan. **** your idea. As a taxpayer, I'm not giving them anything. Gee, silver-spooner, why not give them some of your money. The fat-payed CEO, and other over-payed leeches down the line , should be held responsible. ----------------------------- "silver-spooner"? LOL. That's a new one. You sound a bit more frustrated today than usual. Cut back on your overtime? Union dues go up? Or did your shop steward inform you that your latest grievance was denied? Eisboch The company just got the union to up the manhours worked to two, for a days pay... Rowdy Mouse Racing, Don't need no stinkin' union... Or brains, apparently. So...how much have you saved for that kid's college? The kid has shown the initiative and discipline to get herself a nice, big scholarship. She's even shown some courage, which is something you know nothing of. *Krausii Liesallthetime Marylandus* -- you gotta love it! -- A Harry Krause truism: "It's not a *baby* kicking, beautiful bride, it's just a fetus!" |
#4
posted to rec.boats
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Solution for GM
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#5
posted to rec.boats
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Solution for GM
Eisboch wrote:
wrote in message ... On Nov 17, 6:59 am, "Eisboch" wrote: Well, GM has already ripped the Canadian Govt. for millions in a loan. **** your idea. As a taxpayer, I'm not giving them anything. Gee, silver-spooner, why not give them some of your money. The fat-payed CEO, and other over-payed leeches down the line , should be held responsible. ----------------------------- "silver-spooner"? LOL. That's a new one. You sound a bit more frustrated today than usual. Cut back on your overtime? Union dues go up? Or did your shop steward inform you that your latest grievance was denied? Eisboch Now you're getting into the swing of things. ;-) |
#6
posted to rec.boats
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Solution for GM
wrote in message ... On Nov 17, 6:59 am, "Eisboch" wrote: Here's an idea for the bailout versus bankruptcy debate as options for GM (and possibly Ford and Chrysler) Do both. Agree to a government (taxpayer) financed cash infusion as part of the reorganization plan in Chapter 11 bankruptcy. GM apparently has multiple, costly contractual obligations to suppliers, for unused facilities, pension plans, etc. that can only be restructured in a bankruptcy situation, under the watch of a bankruptcy judge. To pour money into GM without addressing these issues is, in the words of the famous chant, "More of the same". GM will still be obligated to these contracts, including retired pension and existing labor unions contracts. Under Chapter 11 reorganization, GM can end contributions for existing retired pensions. The cost of these pensions will be absorbed into an existing federal pension insurance program (forget the name of it). This arrangement will also afford GM to be completely restructured, lean and mean, and costly contractual obligations that are no longer of benefit can be terminated by the bankruptcy judge. The judge can also require labor union contracts to be renegotiated, management replaced and/or restructured, including salary and perk caps. Then, with the "new" GM structure in place, a taxpayer financed investment makes sense to kick start the reorganized company with the money spent to develop and market modern, fuel efficient vehicles at a cost that can be competitive with the likes of Toyota and Honda. It makes sense to me. I also think that Toyota and Honda are walking down the same path as the US auto industry and eventually will become bloated and inefficient. We should restructure the US industry now, and stay ahead of the curve. Eisboch Well, GM has already ripped the Canadian Govt. for millions in a loan. **** your idea. As a taxpayer, I'm not giving them anything. Gee, silver-spooner, why not give them some of your money. The fat-payed CEO, and other over-payed leeches down the line , should be held responsible. -------- I think $756 million to be correct. This does not include all incentives given. Spread over 30 million people or so. Would be like 7.56 billion to the US. They are really coming back for more and didn't keep their promises the first time(s). Once they are in your pocket, it is almost impossible to get them out. It is why I want GM into chapter 11, where they can be forced to change or die. Will in time cost me less in taxes. That is money I can spend on one that survives and makes something I want. |
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