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#1
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![]() "Canuck57" wrote in message ... "Eisboch" wrote in message ... "Boater" wrote in message ... Chrysler says to shut down all production for month Wed Dec 17, 2008 6:27pm EST Just heard that. The primary reason is because of inflated inventory of unsold cars. Interestingly, union workers will still be paid while they stay home, per their contract. The Chrysler CEO was just interviewed on CNN. He stated that unless the government comes through soon with a bridge loan (bailout) that Chrysler will most likely bypass Chapter 11 and go directly to Chapter 7 liquidation. Ford has also announced production cutbacks. Detroit is putting the pressure on the government to do something. Eisboch Read this one: http://www.businessweek.com/bwdaily/...n_id=rss_daily Take special note, in October Chrysler-Cerberus had $11 billion in cash. This is a case where they are not acting in good faith. In fact, might I say fraud! Sounds like Cerberus took the cash out. Now wants billions in welfare on the US tax payer. If the government was smart, they should simple force GM and Chrylser right through chapter 11, then fast track to chapter 7 as fast as possible. Then buy them both for $2 billion each. Auction them off or form Government Motors at non-union rates typical for the area. Fire all senior management and board with cause. For pensions, re-adjust them to no more than 75% of the national average. See a former CEO or VP getting a $1,000,000 year pension, knock it down to $33k. Then put GMC (Government Motors Chrysler) up for sale. The first $20 billion gets it. GMC redefined with all new management. Maybe even give each taxpayer 10 shares for every $1000 in taxes they pay for quick and equitable disposal. Everyone is out of work (no pay) for say 4 - 6 months to soften up their unions and positions. Does wonders. Again, I must repeat. As reported on CNN, the reason for the 30 day shutdown is due to excess inventory of unsold cars/trucks. Chrysler is not out of money, yet. The comments by the Chrysler CEO about filing for Chapter 7 if the government doesn't cough up some money is unrelated to the 30 day shutdown. Eisboch |
#2
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![]() "Eisboch" wrote in message ... "Canuck57" wrote in message ... "Eisboch" wrote in message ... "Boater" wrote in message ... Chrysler says to shut down all production for month Wed Dec 17, 2008 6:27pm EST Just heard that. The primary reason is because of inflated inventory of unsold cars. Interestingly, union workers will still be paid while they stay home, per their contract. The Chrysler CEO was just interviewed on CNN. He stated that unless the government comes through soon with a bridge loan (bailout) that Chrysler will most likely bypass Chapter 11 and go directly to Chapter 7 liquidation. Ford has also announced production cutbacks. Detroit is putting the pressure on the government to do something. Eisboch Read this one: http://www.businessweek.com/bwdaily/...n_id=rss_daily Take special note, in October Chrysler-Cerberus had $11 billion in cash. This is a case where they are not acting in good faith. In fact, might I say fraud! Sounds like Cerberus took the cash out. Now wants billions in welfare on the US tax payer. If the government was smart, they should simple force GM and Chrylser right through chapter 11, then fast track to chapter 7 as fast as possible. Then buy them both for $2 billion each. Auction them off or form Government Motors at non-union rates typical for the area. Fire all senior management and board with cause. For pensions, re-adjust them to no more than 75% of the national average. See a former CEO or VP getting a $1,000,000 year pension, knock it down to $33k. Then put GMC (Government Motors Chrysler) up for sale. The first $20 billion gets it. GMC redefined with all new management. Maybe even give each taxpayer 10 shares for every $1000 in taxes they pay for quick and equitable disposal. Everyone is out of work (no pay) for say 4 - 6 months to soften up their unions and positions. Does wonders. Again, I must repeat. As reported on CNN, the reason for the 30 day shutdown is due to excess inventory of unsold cars/trucks. Chrysler is not out of money, yet. The comments by the Chrysler CEO about filing for Chapter 7 if the government doesn't cough up some money is unrelated to the 30 day shutdown. Eisboch I don't argue that. But the CEO is asking for cash and not changing why his business loses money. They infact expect the tax payer bailout for their collective gross negligence and entitlement attitude. It needs to be adjusted with a cold dose of reality for all concerned, especially management. |
#3
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On Dec 18, 8:30*am, "Canuck57" wrote:
"Eisboch" wrote in message ... "Canuck57" wrote in message ... "Eisboch" wrote in message om... "Boater" wrote in message ... Chrysler says to shut down all production for month Wed Dec 17, 2008 6:27pm EST Just heard that. *The primary reason is because of inflated inventory of unsold cars. Interestingly, union workers will still be paid while they stay home, per their contract. The Chrysler CEO was just interviewed on CNN. * He stated that unless the government comes through soon with a bridge loan (bailout) *that Chrysler will most likely bypass Chapter 11 and go directly to Chapter 7 liquidation. Ford has also announced production cutbacks. Detroit is putting the pressure on the government to do something. Eisboch Read this one: http://www.businessweek.com/bwdaily/...2008/db2008101.... Take special note, in October Chrysler-Cerberus had $11 billion in cash. This is a case where they are not acting in good faith. *In fact, might I say fraud! Sounds like Cerberus took the cash out. *Now wants billions in welfare on the US tax payer. If the government was smart, they should simple force GM and Chrylser right through chapter 11, then fast track to chapter 7 as fast as possible. *Then buy them both for $2 billion each. *Auction them off or form Government Motors at non-union rates typical for the area. *Fire all senior management and board with cause. For pensions, re-adjust them to no more than 75% of the national average. See a former CEO or VP getting a $1,000,000 year pension, knock it down to $33k. Then put GMC (Government Motors Chrysler) up for sale. *The first $20 billion gets it. GMC redefined with all new management. *Maybe even give each taxpayer 10 shares for every $1000 in taxes they pay for quick and equitable disposal. Everyone is out of work (no pay) for say 4 - 6 months to soften up their unions and positions. *Does wonders. Again, I must repeat. *As reported on CNN, the reason for the 30 day shutdown is due to excess inventory of unsold cars/trucks. * Chrysler is not out of money, yet. The comments by the Chrysler CEO about filing for Chapter 7 *if the government doesn't cough up some money is unrelated to the 30 day shutdown. Eisboch I don't argue that. *But the CEO is asking for cash and not changing why his business loses money. *They infact expect the tax payer bailout for their collective gross negligence and entitlement attitude. It needs to be adjusted with a cold dose of reality for all concerned, especially management.- Hide quoted text - - Show quoted text - Yeah, if they don't get the money by Dec 31 they "might" go out of business... At the same time, they are going to pay the workers 95% of their pay to have a holiday vacation.. They haven't changed a bit... |
#4
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On Dec 18, 2:40*am, "Eisboch" wrote:
"Canuck57" wrote in message ... "Eisboch" wrote in message m... "Boater" wrote in message ... Chrysler says to shut down all production for month Wed Dec 17, 2008 6:27pm EST Just heard that. *The primary reason is because of inflated inventory of unsold cars. Interestingly, union workers will still be paid while they stay home, per their contract. The Chrysler CEO was just interviewed on CNN. * He stated that unless the government comes through soon with a bridge loan (bailout) *that Chrysler will most likely bypass Chapter 11 and go directly to Chapter 7 liquidation. Ford has also announced production cutbacks. Detroit is putting the pressure on the government to do something. Eisboch Read this one: http://www.businessweek.com/bwdaily/...2008/db2008101... Take special note, in October Chrysler-Cerberus had $11 billion in cash.. This is a case where they are not acting in good faith. *In fact, might I say fraud! Sounds like Cerberus took the cash out. *Now wants billions in welfare on the US tax payer. If the government was smart, they should simple force GM and Chrylser right through chapter 11, then fast track to chapter 7 as fast as possible. *Then buy them both for $2 billion each. *Auction them off or form Government Motors at non-union rates typical for the area. *Fire all senior management and board with cause. For pensions, re-adjust them to no more than 75% of the national average. See a former CEO or VP getting a $1,000,000 year pension, knock it down to $33k. Then put GMC (Government Motors Chrysler) up for sale. *The first $20 billion gets it. GMC redefined with all new management. *Maybe even give each taxpayer 10 shares for every $1000 in taxes they pay for quick and equitable disposal. Everyone is out of work (no pay) for say 4 - 6 months to soften up their unions and positions. *Does wonders. Again, I must repeat. *As reported on CNN, the reason for the 30 day shutdown is due to excess inventory of unsold cars/trucks. * Chrysler is not out of money, yet. The comments by the Chrysler CEO about filing for Chapter 7 *if the government doesn't cough up some money is unrelated to the 30 day shutdown. |
#5
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![]() wrote in message ... Again, if they give out vouchers for say 7-10,000 on new cars from the three, non-union (the ones paying for all this) will get something for their tax money, Detroit will sell cars and get the money they say they need, and they can go back to work making new cars... snip... ************************************************** ************** What a freeloader, always looking for something for nothing. |
#6
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posted to rec.boats
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Don White wrote:
wrote in message ... Again, if they give out vouchers for say 7-10,000 on new cars from the three, non-union (the ones paying for all this) will get something for their tax money, Detroit will sell cars and get the money they say they need, and they can go back to work making new cars... snip... ************************************************** ************** What a freeloader, always looking for something for nothing. Well, you know all his money is tied up in the business and motorcycle racing team he runs. |
#7
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posted to rec.boats
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On Dec 18, 3:03*pm, Boater wrote:
Don White wrote: wrote in message ... Again, if they give out vouchers for say 7-10,000 on new cars from the three, non-union (the ones paying for all this) will get something for their tax money, Detroit will sell cars and get the money they say they need, and they can go back to work making new cars... snip... ************************************************** ************** What a freeloader, always looking for something for nothing. Well, you know all his money is tied up in the business and motorcycle racing team he runs. Yeah, I do tend to cater to my family and kids... I am here only to serve them and help their dreams come true. I am not a selfish piece of self indulgent **** like you, maybe if you were more like me, your kids wouldn't have disowned you so early in life... |
#8
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#9
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On Thu, 18 Dec 2008 16:03:34 -0500, Boater wrote:
wrote: On Dec 18, 3:03 pm, Boater wrote: Don White wrote: wrote in message ... Again, if they give out vouchers for say 7-10,000 on new cars from the three, non-union (the ones paying for all this) will get something for their tax money, Detroit will sell cars and get the money they say they need, and they can go back to work making new cars... snip... ************************************************** ************** What a freeloader, always looking for something for nothing. Well, you know all his money is tied up in the business and motorcycle racing team he runs. Yeah, I do tend to cater to my family and kids... I am here only to serve them and help their dreams come true. I am not a selfish piece of self indulgent **** like you, maybe if you were more like me, your kids wouldn't have disowned you so early in life... One of the funniest aspects of this newsgroup is that it is filled with really dumbfochs like you. I know one of your fellow dumbfochs claims every so often that my kids have "disowned me," but that's just more right-wing idiot bull****...that the low brain output types like you adopt as the gospel. But, hey, if you weren't such a dumbfoch, well, you'd be a bit brighter. Harry, you were the one who said you were estranged from your kids. We all felt sorry for you. Still do. I'm sure it's contributed to your being so bitter about life. Along with getting caught in so many lies, of course. BTW, was shrink-wrapping the lobsta boat expensive? -- We say, "MERRY CHRISTMAS!" John |
#10
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On Dec 18, 2:41*pm, "Don White" wrote:
wrote in message ... Again, if they give out vouchers for say 7-10,000 on new cars from the three, non-union (the ones paying for all this) will get something for their tax money, Detroit will sell cars and get the money they say they need, and they can go back to work making new cars... snip... ************************************************** ************** What a freeloader, always looking for something for nothing. It's my money, I worked for it. Either plan gets the money to the Union, the only difference is with my plan the Union has to come back to work for their wages... I can see why folks like you and Harry hate it... |
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