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Jim November 13th 08 01:43 PM

Gas prices .. some good news
 
Don White wrote:
"Wayne.B" wrote in message
...
On Wed, 12 Nov 2008 16:26:46 -0500, "Eisboch"
wrote:

That may change (and it should), but the point is .... Detroit builds what
people buy.

Right up until they don't.

Detroit made two big mistakes:

1. They thought they could keep pushing profitable big iron forever.

2. They could never figure out how to build a small, high quality,
economical car at a reasonable price. Given the high cost of their
labor content it may have been impossible but they never really tried.

Is there any reason why GM could not have produced something like a
Toyota Corolla or a small pickup truck even if they had to build it
offshore? People have certainly bought plenty of them from Toyota so
we can't claim the demand wasn't there.



Finally...some common sense!


And what would we do with all of the unemployed union auto workers here
in the good old U S of A?

Eisboch November 13th 08 01:45 PM

Gas prices .. some good news
 

"Vic Smith" wrote in message
...
On Thu, 13 Nov 2008 02:51:05 -0500, "Eisboch"
wrote:


"Wayne.B" wrote in message
. ..
On Wed, 12 Nov 2008 22:40:09 -0500, tin cup wrote:

The average wage was around 58,000.00 a year.

That's misleading, benefits add at least another 20,000. That is
pretty good pay for unskiled labor, about 2 or 3 times what most
factory workers get.


I saw a news clip recently of a GM "worker" standing beside a console on
the assembly line, supervising a bunch of robotic arms assembling a car.
His
primary job was to hit the red "Emergency Off" button, if something went
screwy or was called to do so.

His "package" (including benefits) was in excess of $85k/year and upon
retirement could look forward to full, GM financed health coverage along
with his pension.

I don't deny anybody the right to hold a good job with decent pay and
benefits, but it really should be in concert with the person's initiative
to
prepare him/her self for that career. I am sorry, but standing around
watching an automated assembly line put cars together for that kind of pay
and benefits just doesn't do it for me, especially when I see others who
have worked hard to educate and qualify themselves for a trade making far
less.

Oh, please. "Educated geniuses" like Paulson of Goldman-Sachs, who
pulled down +50 million his last year as CEO there, and sold his stock
for $500 million to work for the guv, have managed to totally **** up
this country.
I just love it when auto workers are portrayed like you just did, and
the cars and trucks just get produced by magic.
While worthless ****s like those running this country, and who
supposedly "create" magic wealth but who actually create debt are
heros on the covers of news magazines.
I want to puke whenever I see that idiot Jack Welch.
Listening to anti-American morons like him is a primary reason this
country is going down the tubes.
Not that I disagree that Detroit management has screwed the pooch in
giving the UAW stuff like sub-pay. That's their problem, and I don't
care if they go bankrupt.
Simple inattention to the ledger book is the primary problem of most
businesses, and Detroit's sins are even more venal.
BTW, U.S. Toyota and Honda plants offer similar non-union wages, but
smarter management. And they have little legacy costs.
If Detroit goes bust, the Honda/Toyota workers will likely vote in the
UAW to represent them.
National health care will eliminate most of that legacy cost.
A big chunk of Toyota/Honda sales here are still being imported
from Japanese plants, where they don't suffer health care costs.
Don't know how much that figures in profitability, but the Japs also
engineer in more quality too.
Sorry to be disagreeable, but having spent years as both a production
worker and in an "educated" field making much more money but producing
nothing tangible, I have strong views of their relative values.
There's a reason this country is going downhill, and it sure as hell
isn't being caused by workers who actually produce goods.
Too many chiefs and not enough working Indians is the problem.
But that concept is too complex for the "educated" morons who
are "creating" all that magic money.
Well, here we are, and it's just going to get worse. Trust me.
We need Pat Buchanan running the show. He knows what's up.
If Obama is a real "free-trader globalist" we'll continue the decline.
Bottom line is you can't consume more than you produce.
The peasant Chinamen doing the work for us will own us if we continue
down this path.

--Vic

Disclaimer: My opinions are worth exactly what you paid for them.



Heh. In the future please don't be so hesitant and shy about expressing
your views.
We'll consider them, even though they are wrong. :-)

Eisboch



Eisboch November 13th 08 01:51 PM

Gas prices .. some good news
 

"Jim" wrote in message
...

Boater wrote:


This from a guy whose career highlight was cleaning the heads aboard a
navy ship?



We used to send numb-nuts like you all over the ship looking for
replacements for burned out headlights.



Or a replacement fallopian tube for one of the transmitters.

Eisboch :-)



Boater November 13th 08 01:51 PM

Gas prices .. some good news
 
Jim wrote:
Boater wrote:
Don White wrote:
"Jim" wrote in message
...
Come on asshole. There is nothing wrong with EARNING high pay and
being showered with benefits. There is no incentive for union
employees to EARN their keep. They get paid the same *weather* they
do excellent work, mediocre work, or no work. Have you found that
little surprise on the Union web site yet? I wish I could be there
when you discover it.


Weather?? What has the *weather* got to do with it?
Management are the villians here. If you don't think so...go check
out their compensation package for leading their company down the drain.



Hey...it's FloridaJim. He couldn't get a job as a hodcarrier's
apprentice.


You two asses can't get out of each others butts can you. While you are
spell checking, look up villions and hodcarrier's.

It's your job to educate your dombfoch Canadian buddy; not high five him
every time he catches a spelling mistake. WAFA




What's a villion, FloridaJim? Something you learned about while chipping
paint in the navy?

I know what a hod carrier does, which is why I pointed out you didn't
have the skills to be a hod carrier's apprentice. Additionally, it's
manly work. That would exclude a loser like you.

Eisboch November 13th 08 01:51 PM

Gas prices .. some good news
 

"Boater" wrote in message
...


No, you didn't. I wasn't dumb enough to get drafted, or, in lieu of that,
join up, so I could kill Asians who were not threatening my country.



Here we go again. I hate re-runs.

Eisboch



Jim November 13th 08 01:52 PM

Gas prices .. some good news
 
wrote:
On Thu, 13 Nov 2008 08:12:13 -0500, Jim wrote:


Busting the unions should be a requisite part of any bailout plan.
Otherwise they will be back again in a few years looking for another
handout. It's time we earn from our mistakes and stop repeating them.


What union is looking for a handout? I've heard lots of CEOs whining for
help.

They refers to poorly managed corporations. And buckling to union
demands is part of that poor management.

BAR[_3_] November 13th 08 01:55 PM

Gas prices .. some good news
 
Canuck57 wrote:
"Boater" wrote in message
...
Eisboch wrote:
"Boater" wrote in message
...
Eisboch wrote:
"JR North" wrote in message
...
Gas your pigs up while you can. Not gonna tow Cruis'n Rulz! to the
pump. Gonna just get 5 gal at a time and fill her up at home. Don't
expect the prices will hold till next spring. If you wait, you might
just find it back to $4
JR

Nobody likes a spoilsport.

You're gonna give "O" some ideas of things to raise taxes on in order
to force you to
buy an oversized golf cart which is what he's gonna force Ford, GM and
Chrysler to build if they want a bailout.

Eisboch
Heaven forbid U.S. car makers produce mostly high quality, smaller, fuel
efficient cars that people want to buy and dump most of the oversized,
overpowered, mediocre quality V8's behemoths that get 13 mpg. Or less.

Again, you get it wrong. If the vast majority of people wanted to buy
smaller, fuel efficient cars,
Detroit would have been be turning them out by the millions for years.

That may change (and it should), but the point is .... Detroit builds
what people buy.

Eisboch

Apparently Detroit builds what people don't what to buy.


Actually have a car dealership finance manager in the family. Inside word
is that they have buyers, but credit bounces. Basically you need sufficient
collateral, job or cash with a good rating. Just like 40 years ago. They
are losing 9/10 sales this way.

I guess part of this is that a good part of the debt financed middle class
is bankrupt.


I believe they tried to live beyond their means, at least in the US, by
using the perceived or believed value of their home as a checking
account. Now they are fat in the belly with memories of lavish vacations
and a mountain of debt.



Jim November 13th 08 01:55 PM

Gas prices .. some good news
 
Boater wrote:
Eisboch wrote:
"Tom Francis - SWSports" wrote in
message ...
On Thu, 13 Nov 2008 02:51:05 -0500, "Eisboch"
wrote:

His "package" (including benefits) was in excess of $85k/year and upon
retirement could look forward to full, GM financed health coverage
along
with his pension.
And, this is really a ****er, now GM wants the US Taxpayer to dig them
out of the health care hole by paying for the ridiculous health care
packages for their retireees.

So now we have GM begging some working stiff who works, pays taxes and
either doesn't have a health package or only Major Medical at an
exhorbitant rate to sponsor some moron who put four screws in a
dashboard for most of his life and was paid $34/hr plus benefits for
doing so and now has a $4 co-pay for everything health care related.

Here's what I think GM should do - pre-pack a Chapter 11 bankruptcy,
get rid of the ridiculous union contracts and start over again with
government backing (not loans) with reasonable labor costs and
competitive products.

That will do more for the American economy than any TARP.



Actually, I screwed the facts up. The guy wasn't making $85K per
year. He was making $85 per hour, including base pay and cost of
benefits. Hmmm... 85 times 40hrs/week times 56 weeks ..... not bad!

As mentioned in a previous post, I agree with the Duck and you. The
solution to the auto industry's problems is Chapter 11 and
reorganization, not a taxpayer financed bailout.


Eisboch


Fifty six weeks, eh? I presume you had a hired bookkeeper.


When you are retired you pretty much don't need a clock or calender. But
you knew that, I'm sure.

Eisboch November 13th 08 01:56 PM

Gas prices .. some good news
 

"Boater" wrote in message
...
Eisboch wrote:
"Tom Francis - SWSports" wrote in
message ...
On Thu, 13 Nov 2008 02:51:05 -0500, "Eisboch"
wrote:

His "package" (including benefits) was in excess of $85k/year and upon
retirement could look forward to full, GM financed health coverage
along
with his pension.
And, this is really a ****er, now GM wants the US Taxpayer to dig them
out of the health care hole by paying for the ridiculous health care
packages for their retireees.

So now we have GM begging some working stiff who works, pays taxes and
either doesn't have a health package or only Major Medical at an
exhorbitant rate to sponsor some moron who put four screws in a
dashboard for most of his life and was paid $34/hr plus benefits for
doing so and now has a $4 co-pay for everything health care related.

Here's what I think GM should do - pre-pack a Chapter 11 bankruptcy,
get rid of the ridiculous union contracts and start over again with
government backing (not loans) with reasonable labor costs and
competitive products.

That will do more for the American economy than any TARP.



Actually, I screwed the facts up. The guy wasn't making $85K per year.
He was making $85 per hour, including base pay and cost of benefits.
Hmmm... 85 times 40hrs/week times 56 weeks ..... not bad!

As mentioned in a previous post, I agree with the Duck and you. The
solution to the auto industry's problems is Chapter 11 and
reorganization, not a taxpayer financed bailout.


Eisboch


Fifty six weeks, eh? I presume you had a hired bookkeeper.


Vacation.

Eisboch



BAR[_3_] November 13th 08 01:58 PM

Gas prices .. some good news
 
Boater wrote:
Eisboch wrote:
"Canuck57" wrote in message
...

I am going to keep my F150 thank you. Nice ride and pulls a boat and
has 4x4 for the winter. Try that with a pint sized electric car up a
long hill.


Harry had a F-150 not too long ago and often reported in this NG what
a great truck it was.

That's before he sharpened his political correctness.

Now a US made truck is crap because he owns a Japanese model.


Eisboch


I haven't owned an F150 for nearly 10 years. It was a good truck. The
Toyota truck that replaced it was better. I doubt I ever stated the
US-made truck was "crap." I have heard those sorts of allegations,
however, from SW Tom and I believe from you.


My F-150 is a great truck. Good pulling power but, you need a gasoline
tanker to follow you. I even smashed up the right front back in 04 and
it was mechanically fixed extremely well. Still has the same replacement
tire on the right front.

The biggest problem was scraping off all of the damn union built
stickers on the windows when I first got it home from the dealer.

BAR[_3_] November 13th 08 02:01 PM

Gas prices .. some good news
 
wrote:
On Thu, 13 Nov 2008 11:38:58 +0000, Tom Francis - SWSports wrote:

On Thu, 13 Nov 2008 02:12:16 -0500, "Eisboch"
wrote:


"D.Duck" wrote in message
...

My hope is that the GM/Ford/Chrysler problems are resolved (if
resolvable) in bankruptcy, not throwing more tax payer dollars at
them.


Duck, I couldn't agree with you more. Chapter 11 isn't permanent. It
allows for "reorganization" which is exactly what the auto industry
needs to do right now. Revise business plans, products and
re-negotiate the union contracts under the watchful eye of a bankruptcy
judge.

Handing them a pile of taxpayer money, calling it a government
"investment" just to keep them in business under their current
organizational structures won't do a damn thing.

I agree.


Tough call. I don't like these bailouts, but can we afford not to? In
this country, 1 in 10 jobs are connected to the auto industry. If the
auto companies fail, we're talking depression, not recession. All of
this, could get real scary, real quick.


The US auto industry needs to fail. The workers have failed, the unions
have failed and management has failed. You don't learn lessons by having
someone come and save your ass everything you do something stupid.

[email protected] November 13th 08 02:03 PM

Gas prices .. some good news
 
On Thu, 13 Nov 2008 08:42:23 -0500, Eisboch wrote:

wrote in message
t...


Tough call. I don't like these bailouts, but can we afford not to? In
this country, 1 in 10 jobs are connected to the auto industry. If the
auto companies fail, we're talking depression, not recession. All of
this, could get real scary, real quick.


This may sound harsh, but I am just about convinced that we are beyond
any form of healthy avenues for recovery. The reasons are varied and
there's plenty of blame to pass around, including the consumer. At this
point though, it just doesn't matter. Assigning blame doesn't fix the
problems.

I think we may just have to bite the bullet, allow Banks, Investment
firms, GM, GMAC, Ford, Ford Motor Credit and Chrysler (whoever they are
now-a-days) to file Chapter 11 bankrupcy, reorganize and start again.
That will unfortunatly cause bankrupcies in many supporting industrys
but they are currently structured to support what exists now, not as it
should be.

Everyone is jumping on the bailout bandwagon. American Express just
filed to become a bank, thereby qualifying for some of the bailout money
to cover bad accounts. That's too much. Enough.

Like a hurricane every 100 years or so, it is going to require cleaning
out the deadwood before the forests can grow again.

Eisboch


A part of me agrees with you. The deadwood needs to be gone, but I just
can't accept the "collateral damage". If we let the companies you
mentioned fail, we are talking breadlines. One of the reasons for the
Great Depression was Hoover's hands-off approach. I don't like these
bailouts, but they may be cheaper in the long run.

Eisboch November 13th 08 02:11 PM

Gas prices .. some good news
 

"BAR" wrote in message
...


I believe they tried to live beyond their means, at least in the US, by
using the perceived or believed value of their home as a checking account.
Now they are fat in the belly with memories of lavish vacations and a
mountain of debt.



Someone made a similar observation on one of the cable news interviews
yesterday.
I forget who it was, but (I think it was a woman) she also pointed out that
we have a whole generation now-a-days with no direct contact to the
Depression years. She pointed out that in the past, families sat around at
the dinner table with grandma or grandpa describing in real terms what the
Great Depression was like. The stories had an impact on the financial
management of the next generation's money and income.

Now, the stories of life in the Great Depression are read in history books
only and have about as much influence on people as stories of the Pilgrims
landing on Plymouth Rock.

Eisboch



Canuck57[_3_] November 13th 08 02:15 PM

Gas prices .. some good news
 

"D.Duck" wrote in message
...

"Canuck57" wrote in message
...

"D.Duck" wrote in message
...

"Eisboch" wrote in message
...
When Bush first took office the national average price for a gallon of
regular gas was $1.46.

Today, eight years later, regular is selling around here for about
$2.21/gal. In some places, like Cleveland, Ohio, the price has
dropped below 2 bucks/gal.

Not bad for 8 years.

Nice job, W.


Eisboch (the facts are true, the rest is a joke to yank a few chains)

The lower gas prices are nice. It's the rest of the *world* economy I'm
worried about.


Insightful. It is really called deflation. The opposite of inflation.
With the market loosing so much value, people losing jobs, the prices
people will pay is going with it. The right "sustainable" price for oil
would be about $70-85 barrel.

Sounds good at first glance, but it is in reality a sure sign of
depression. It means that homes will further decrease in value and even
more people will "walk away" from their debts. In effect, the US economy
value is equalizing to India, China, South America...

This will lead to total collapse as how does the US government pay for a
12 trillion debt in an outright stalled economy? Government prints money
like a crack junky shoots dope.

Add the insatiable spend-crazy lust for governments to bail out companies
like GM and the banks paints a bleak picture for the US economy. Very
bleak indeed. Every time the government announces a bail out we get a
market tumble.


My hope is that the GM/Ford/Chrysler problems are resolved (if resolvable)
in bankruptcy, not throwing more tax payer dollars at them.


Not likely for GM. I haven't looked at Chrysler or Ford, but GM is so far
in debt I would deem it impossible for them to get out and survive. In at
least chapter 11 is inevitable one way or another. Even if they get $50
billion, at their current burn rate and prior obligations being deferred,
that will not last long.

And there isn't room for 3 any more. What will they do with the cars they
make that no one buys? Pile them up across the country and let them rust?
The middle class is out of gas with credit and until that balance of equity
gets greater than the debt any half brained investor is going to see them as
bankrupt be it declared or not.

GM needs to go down if it can't pay the bills. Makes room for others to
survive and produce products people will use.

GM as a brand will survive, sold as part of it's liquidation. Choice
profitable models and brands will still be made.



Canuck57[_3_] November 13th 08 02:17 PM

Gas prices .. some good news
 

"Eisboch" wrote in message
...

"D.Duck" wrote in message
...


My hope is that the GM/Ford/Chrysler problems are resolved (if
resolvable) in bankruptcy, not throwing more tax payer dollars at them.


Duck, I couldn't agree with you more. Chapter 11 isn't permanent. It
allows for "reorganization" which is exactly what the auto industry needs
to do right now. Revise business plans, products and re-negotiate the
union contracts under the watchful eye of a bankruptcy judge.

Handing them a pile of taxpayer money, calling it a government
"investment" just to keep them in business under their current
organizational structures won't do a damn thing.

Eisboch


I agree. But one should view these as government taxes to prop up business.
One way or another it is going to be main street taxes propping up these
businesses that refuse to change to the times. There have been promises of
profitability for decades than have fallen by the wayside. Relief isn't
what they need, chapter 11 is the start of real change.



Jim November 13th 08 02:18 PM

Gas prices .. some good news
 
Boater wrote:
wrote:
On Thu, 13 Nov 2008 08:12:21 -0500, Boater wrote:


You can be sure no one in the Bush Administration gives a damn about
worker bees. Oh...and I just read somewhere that several of the
financial institutions, banks mostly, getting taxpayer bailout money
have reserved some of it for future bonuses for executives.


Yeah, like 10% of *our* money.

http://www.guardian.co.uk/business/2...laries-banking


We're not there yet, and we may not get there in my lifetime, but what
we need in this country is a total restructuring of society that adds
fairness. I'm not talking communism, but I wouldn't mind a bit more
European socialism. More and more this country seems to exist only to
help the wealthy attain more wealth. If that is the direction it is
heading, then it deserves to fail.


If it does fail, and I hope it doesn't, it's time to redefine
capitalism. There is no way a few greedy, incompetent *******s should
be able to take down the world's economy.



Going back to the confiscatory tax rates of the 1950s might help. You
know...something like a tax rate of 90% on *all* income over $500,000.
I'd like to see corporations invest in technology, job training, product
improvement and worker benefits, instead of in overpaying mediocre
management. I wouldn't mind seeing us do away with a number of the
purely speculative stock and money instruments, too.


There are too many tax loopholes. Close them all. How much money could
the IRS pull in from people avoiding the marriage tax by filing
separately or worse claiming individual status when married.

Canuck57[_3_] November 13th 08 02:18 PM

Gas prices .. some good news
 

"Boater" wrote in message
...
Tom Francis - SWSports wrote:
On Thu, 13 Nov 2008 02:12:16 -0500, "Eisboch"
wrote:

"D.Duck" wrote in message
...

My hope is that the GM/Ford/Chrysler problems are resolved (if
resolvable) in bankruptcy, not throwing more tax payer dollars at them.

Duck, I couldn't agree with you more. Chapter 11 isn't permanent. It
allows for "reorganization" which is exactly what the auto industry
needs to do right now. Revise business plans, products and
re-negotiate the union contracts under the watchful eye of a bankruptcy
judge.

Handing them a pile of taxpayer money, calling it a government
"investment" just to keep them in business under their current
organizational structures won't do a damn thing.


I agree.



I think the bailouts should be stopped dead until the Bush Administration
reveals who has gotten every dollar handed out so far.


I am sure at this point, Obama is aware of the spending. Last I heard he
supports it.



Jim November 13th 08 02:22 PM

Gas prices .. some good news
 
Boater wrote:
Jim wrote:
Boater wrote:
Jim wrote:
wrote:
On Thu, 13 Nov 2008 11:38:58 +0000, Tom Francis - SWSports wrote:

On Thu, 13 Nov 2008 02:12:16 -0500, "Eisboch"
wrote:


"D.Duck" wrote in message
...

My hope is that the GM/Ford/Chrysler problems are resolved (if
resolvable) in bankruptcy, not throwing more tax payer dollars at
them.


Duck, I couldn't agree with you more. Chapter 11 isn't
permanent. It
allows for "reorganization" which is exactly what the auto industry
needs to do right now. Revise business plans, products and
re-negotiate the union contracts under the watchful eye of a
bankruptcy
judge.

Handing them a pile of taxpayer money, calling it a government
"investment" just to keep them in business under their current
organizational structures won't do a damn thing.
I agree.

Tough call. I don't like these bailouts, but can we afford not to?
In this country, 1 in 10 jobs are connected to the auto industry.
If the auto companies fail, we're talking depression, not
recession. All of this, could get real scary, real quick.

Busting the unions should be a requisite part of any bailout plan.
Otherwise they will be back again in a few years looking for another
handout. It's time we earn from our mistakes and stop repeating them.


This from a guy whose career highlight was cleaning the heads aboard
a navy ship?


We used to send numb-nuts like you all over the ship looking for
replacements for burned out headlights.



No, you didn't. I wasn't dumb enough to get drafted, or, in lieu of
that, join up, so I could kill Asians who were not threatening my country.


I don't think there is person reading this news group that isn't aware
of your cowardice. Why do you keep bringing it up?

Jim November 13th 08 02:27 PM

Gas prices .. some good news
 
Eisboch wrote:
Boater wrote:

I think the bailouts should be stopped dead until the Bush Administration
reveals who has gotten every dollar handed out so far.


I agree with you. I am not sure where the problem lies. We were supposed
to have an oversight report issued to the public by now, as required by the
Congress written and passed legislation on this bailout package.

Problem is, they haven't appointed anyone to the oversight position yet.

I don't blame Bush singularly. The whole stinking pile of incompetents in
Wash DC should be tarred and feathered.

Eisboch


Here here. Let's do it.

Canuck57[_3_] November 13th 08 02:29 PM

Gas prices .. some good news
 

wrote in message
t...
On Thu, 13 Nov 2008 11:38:58 +0000, Tom Francis - SWSports wrote:

On Thu, 13 Nov 2008 02:12:16 -0500, "Eisboch"
wrote:


"D.Duck" wrote in message
news:G_Odnc2FKtknEYbUnZ2dnUVZ_tfinZ2d@giganews. com...


My hope is that the GM/Ford/Chrysler problems are resolved (if
resolvable) in bankruptcy, not throwing more tax payer dollars at
them.


Duck, I couldn't agree with you more. Chapter 11 isn't permanent. It
allows for "reorganization" which is exactly what the auto industry
needs to do right now. Revise business plans, products and
re-negotiate the union contracts under the watchful eye of a bankruptcy
judge.

Handing them a pile of taxpayer money, calling it a government
"investment" just to keep them in business under their current
organizational structures won't do a damn thing.


I agree.


Tough call. I don't like these bailouts, but can we afford not to? In
this country, 1 in 10 jobs are connected to the auto industry. If the
auto companies fail, we're talking depression, not recession. All of
this, could get real scary, real quick.


I will argue yes, they can afford not to bail them out.

When GM is gone, there will be holes left. It will not take long before a
capitalist will buy up a plant or two, fire it back up and make money and
parts/cars.

For example, if GM goes down, say Ford picks up the brand image for $200
million on the cheap. Many ex-GM buyers will start to buy more Fords.

The problem is excess capacity driving costs nuts. Yet GM/Chrysler/Ford
can't downsize or the lower cash flow will cause them to miss their
obligations. There isn't room for 3 any more. In fact, it might go down to
one.

Another possibility, in chapter 11 they can be sold off. Say chapter 11
lets GM off of the union issues, lets them fix the financial issues. And
say 5 billionaires get together and buy it out for $25 billion on a clean
slate, fire dysfunctional management, send the union packing, and then
rebuild a lean mean high quality GM without the baggage that caused the
problem.

Having the tax system hurt everyone a little also gives everyone a little
less to spend on cars, further reducing the market. Moving GMs problems to
main street tax payers is counter productive as government inefficiencies
make it a loser. When main street pays you still have the fundamental
problems in GM waiting money.



Wayne.B November 13th 08 02:48 PM

Gas prices .. some good news
 
On Thu, 13 Nov 2008 13:22:10 GMT, Tom Francis - SWSports
wrote:

Why does the UAW have an
advantage over everybody else.


Because the Detroit auto industry with their usual short term focus
never bit the bullet, took the big strike and said enough is enough.
The UAW was also fairly clever with their tactics, always going after
the weak sister among the big 3, who ever that happened to be at the
time.


Boater November 13th 08 02:51 PM

Gas prices .. some good news
 
Jim wrote:
Boater wrote:
Jim wrote:
Boater wrote:
Jim wrote:
wrote:
On Thu, 13 Nov 2008 11:38:58 +0000, Tom Francis - SWSports wrote:

On Thu, 13 Nov 2008 02:12:16 -0500, "Eisboch"
wrote:


"D.Duck" wrote in message
...

My hope is that the GM/Ford/Chrysler problems are resolved (if
resolvable) in bankruptcy, not throwing more tax payer dollars at
them.


Duck, I couldn't agree with you more. Chapter 11 isn't
permanent. It
allows for "reorganization" which is exactly what the auto industry
needs to do right now. Revise business plans, products and
re-negotiate the union contracts under the watchful eye of a
bankruptcy
judge.

Handing them a pile of taxpayer money, calling it a government
"investment" just to keep them in business under their current
organizational structures won't do a damn thing.
I agree.

Tough call. I don't like these bailouts, but can we afford not
to? In this country, 1 in 10 jobs are connected to the auto
industry. If the auto companies fail, we're talking depression,
not recession. All of this, could get real scary, real quick.

Busting the unions should be a requisite part of any bailout plan.
Otherwise they will be back again in a few years looking for
another handout. It's time we earn from our mistakes and stop
repeating them.


This from a guy whose career highlight was cleaning the heads aboard
a navy ship?

We used to send numb-nuts like you all over the ship looking for
replacements for burned out headlights.



No, you didn't. I wasn't dumb enough to get drafted, or, in lieu of
that, join up, so I could kill Asians who were not threatening my
country.


I don't think there is person reading this news group that isn't aware
of your cowardice. Why do you keep bringing it up?



Tell me, Jim...what sort of "bravery" is required to go off to a country
not threatening ours, and bomb, shoot up and otherwise destroy it?

Jim November 13th 08 02:54 PM

Gas prices .. some good news
 
Boater wrote:
Jim wrote:
Boater wrote:
Don White wrote:
"Jim" wrote in message
...
Come on asshole. There is nothing wrong with EARNING high pay and
being showered with benefits. There is no incentive for union
employees to EARN their keep. They get paid the same *weather* they
do excellent work, mediocre work, or no work. Have you found that
little surprise on the Union web site yet? I wish I could be there
when you discover it.


Weather?? What has the *weather* got to do with it?
Management are the villians here. If you don't think so...go check
out their compensation package for leading their company down the
drain.



Hey...it's FloridaJim. He couldn't get a job as a hodcarrier's
apprentice.


You two asses can't get out of each others butts can you. While you
are spell checking, look up villions and hodcarrier's.

It's your job to educate your dombfoch Canadian buddy; not high five
him every time he catches a spelling mistake. WAFA




What's a villion, FloridaJim? Something you learned about while chipping
paint in the navy?

I know what a hod carrier does, which is why I pointed out you didn't
have the skills to be a hod carrier's apprentice. Additionally, it's
manly work. That would exclude a loser like you.



Ask your buddy. He said it. Thank you for correction your own spelling
error. You like to watch men doing manly things, don't you. Join in and
break a sweat once in a while. It won't kill you.

Jim November 13th 08 03:02 PM

Gas prices .. some good news
 
Eisboch wrote:
"Jim" wrote in message
...

Boater wrote:

This from a guy whose career highlight was cleaning the heads aboard a
navy ship?


We used to send numb-nuts like you all over the ship looking for
replacements for burned out headlights.



Or a replacement fallopian tube for one of the transmitters.

Eisboch :-)


Or a bucket of ohms. Ah, the good old days.

Boater November 13th 08 03:03 PM

Gas prices .. some good news
 
Jim wrote:
Eisboch wrote:
"Jim" wrote in message
...

Boater wrote:

This from a guy whose career highlight was cleaning the heads aboard
a navy ship?


We used to send numb-nuts like you all over the ship looking for
replacements for burned out headlights.



Or a replacement fallopian tube for one of the transmitters.

Eisboch :-)

Or a bucket of ohms. Ah, the good old days.



Simple gags for simple minds.

Jim November 13th 08 03:04 PM

Gas prices .. some good news
 
BAR wrote:
Boater wrote:
Eisboch wrote:
"Canuck57" wrote in message
...

I am going to keep my F150 thank you. Nice ride and pulls a boat
and has 4x4 for the winter. Try that with a pint sized electric car
up a long hill.


Harry had a F-150 not too long ago and often reported in this NG what
a great truck it was.

That's before he sharpened his political correctness.

Now a US made truck is crap because he owns a Japanese model.


Eisboch


I haven't owned an F150 for nearly 10 years. It was a good truck. The
Toyota truck that replaced it was better. I doubt I ever stated the
US-made truck was "crap." I have heard those sorts of allegations,
however, from SW Tom and I believe from you.


My F-150 is a great truck. Good pulling power but, you need a gasoline
tanker to follow you. I even smashed up the right front back in 04 and
it was mechanically fixed extremely well. Still has the same replacement
tire on the right front.

The biggest problem was scraping off all of the damn union built
stickers on the windows when I first got it home from the dealer.


Remember in clothing ads where they used to sing "Look for the union label"

BAR[_3_] November 13th 08 03:09 PM

Gas prices .. some good news
 
wrote:
On Thu, 13 Nov 2008 08:12:13 -0500, Jim wrote:


Busting the unions should be a requisite part of any bailout plan.
Otherwise they will be back again in a few years looking for another
handout. It's time we earn from our mistakes and stop repeating them.


What union is looking for a handout? I've heard lots of CEOs whining for
help.


If Ford, GM and Chrysler go bankrupt then the unions are all SOL and the
companies are free to negotiate brand new contracts or maybe no
contracts with union labor. If the companies are smart they will move to
right to work states and screw the unions all together.


Jim November 13th 08 03:10 PM

Gas prices .. some good news
 
Boater wrote:
Jim wrote:
Boater wrote:
Jim wrote:
Boater wrote:
Jim wrote:
wrote:
On Thu, 13 Nov 2008 11:38:58 +0000, Tom Francis - SWSports wrote:

On Thu, 13 Nov 2008 02:12:16 -0500, "Eisboch"
wrote:


"D.Duck" wrote in message
...

My hope is that the GM/Ford/Chrysler problems are resolved (if
resolvable) in bankruptcy, not throwing more tax payer dollars at
them.


Duck, I couldn't agree with you more. Chapter 11 isn't
permanent. It
allows for "reorganization" which is exactly what the auto
industry
needs to do right now. Revise business plans, products and
re-negotiate the union contracts under the watchful eye of a
bankruptcy
judge.

Handing them a pile of taxpayer money, calling it a government
"investment" just to keep them in business under their current
organizational structures won't do a damn thing.
I agree.

Tough call. I don't like these bailouts, but can we afford not
to? In this country, 1 in 10 jobs are connected to the auto
industry. If the auto companies fail, we're talking depression,
not recession. All of this, could get real scary, real quick.

Busting the unions should be a requisite part of any bailout plan.
Otherwise they will be back again in a few years looking for
another handout. It's time we earn from our mistakes and stop
repeating them.


This from a guy whose career highlight was cleaning the heads
aboard a navy ship?

We used to send numb-nuts like you all over the ship looking for
replacements for burned out headlights.


No, you didn't. I wasn't dumb enough to get drafted, or, in lieu of
that, join up, so I could kill Asians who were not threatening my
country.


I don't think there is person reading this news group that isn't aware
of your cowardice. Why do you keep bringing it up?



Tell me, Jim...what sort of "bravery" is required to go off to a country
not threatening ours, and bomb, shoot up and otherwise destroy it?


I don't owe you an explanation.
I just can't understand you boasting about being a coward. And then
repeatedly reposting it. Get over it.

Vic Smith November 13th 08 03:13 PM

Gas prices .. some good news
 
On Thu, 13 Nov 2008 10:09:51 -0500, BAR wrote:

wrote:
On Thu, 13 Nov 2008 08:12:13 -0500, Jim wrote:


Busting the unions should be a requisite part of any bailout plan.
Otherwise they will be back again in a few years looking for another
handout. It's time we earn from our mistakes and stop repeating them.


What union is looking for a handout? I've heard lots of CEOs whining for
help.


If Ford, GM and Chrysler go bankrupt then the unions are all SOL and the
companies are free to negotiate brand new contracts or maybe no
contracts with union labor. If the companies are smart they will move to
right to work states and screw the unions all together.


They are probably smarter than that.
They'll move the jobs to Mexico and China.

--Vic

BAR[_3_] November 13th 08 03:13 PM

Gas prices .. some good news
 
wrote:
On Thu, 13 Nov 2008 08:42:23 -0500, Eisboch wrote:

wrote in message
t...


Tough call. I don't like these bailouts, but can we afford not to? In
this country, 1 in 10 jobs are connected to the auto industry. If the
auto companies fail, we're talking depression, not recession. All of
this, could get real scary, real quick.

This may sound harsh, but I am just about convinced that we are beyond
any form of healthy avenues for recovery. The reasons are varied and
there's plenty of blame to pass around, including the consumer. At this
point though, it just doesn't matter. Assigning blame doesn't fix the
problems.

I think we may just have to bite the bullet, allow Banks, Investment
firms, GM, GMAC, Ford, Ford Motor Credit and Chrysler (whoever they are
now-a-days) to file Chapter 11 bankrupcy, reorganize and start again.
That will unfortunatly cause bankrupcies in many supporting industrys
but they are currently structured to support what exists now, not as it
should be.

Everyone is jumping on the bailout bandwagon. American Express just
filed to become a bank, thereby qualifying for some of the bailout money
to cover bad accounts. That's too much. Enough.

Like a hurricane every 100 years or so, it is going to require cleaning
out the deadwood before the forests can grow again.

Eisboch


A part of me agrees with you. The deadwood needs to be gone, but I just
can't accept the "collateral damage". If we let the companies you
mentioned fail, we are talking breadlines. One of the reasons for the
Great Depression was Hoover's hands-off approach. I don't like these
bailouts, but they may be cheaper in the long run.


Collateral damage may be what is necessary. You can't change behavior if
only some feel the pain.

Jim November 13th 08 03:14 PM

Gas prices .. some good news
 
Boater wrote:
Jim wrote:
Eisboch wrote:
"Jim" wrote in message
...

Boater wrote:

This from a guy whose career highlight was cleaning the heads
aboard a navy ship?

We used to send numb-nuts like you all over the ship looking for
replacements for burned out headlights.


Or a replacement fallopian tube for one of the transmitters.

Eisboch :-)

Or a bucket of ohms. Ah, the good old days.



Simple gags for simple minds.

WAFA

[email protected] November 13th 08 03:36 PM

Gas prices .. some good news
 
On Nov 13, 8:38*am, Boater wrote:
Eisboch wrote:
"Boater" wrote in message
...


Tom Francis - SWSports wrote:
I'll give you an example. *My back operation cost $14,356 in total
which was cheap considering that the main surgeon and assistant were
freebies. *That includes room, operating room, drugs, anesthesia,
yada, yada, yada.


My copay for that was $2,300. A UAW retiree, the guy who put four
screws in the afore mentioned dashboard for his career, for that same
operation, which would have included surgeon and assistant fees
totaling about $21,000, would have been $4.


A pre-packaged Chapter1 bankruptcy would allow for restructuring the
health care provisions to something a little more reasonable.


"Restructurings" usually are much harder on the working stiffs than the
management pukes. And why should a retiree on a fixed income have to fork
over $2300 for necessary surgery?


It's called a deductable Harry, something anyone should be prepared for and
also reduces health care premiums somewhat. * I'll bet the overall savings
in premium payments by having a reasonable deductable more than covers the
$2,300 over the longer term. * In major, long term illnesses, the deductable
is usually capped on a yearly basis, last time I checked.


One more time: most retirees on fixed incomes cannot afford to lay out
$2300 for necessary surgery. You're a rich retiree. Your perspective is
not relevant to retirees who are trying to decide whether to buy food or
medicine because they cannot afford both.


BS. My Dad is a retired non-union blue collar worker who is living on
a fixed income. He's had two surgeries in the last five years that
have cost him, out of pocket, more than $2300. He could afford it
because he lived within his means and socked away money while he was
working. He knew he'd have to take care of himself, and didn't expect
anyone else to do it for him.

My wife and I are doing the same, with a retirement goal set and we're
well on our way. Obama better not lay a finger on my retirement
accounts.

Jim November 13th 08 03:43 PM

Gas prices .. some good news
 
wrote:
On Nov 13, 8:38 am, Boater wrote:
Eisboch wrote:
"Boater" wrote in message
...
Tom Francis - SWSports wrote:
I'll give you an example. My back operation cost $14,356 in total
which was cheap considering that the main surgeon and assistant were
freebies. That includes room, operating room, drugs, anesthesia,
yada, yada, yada.
My copay for that was $2,300. A UAW retiree, the guy who put four
screws in the afore mentioned dashboard for his career, for that same
operation, which would have included surgeon and assistant fees
totaling about $21,000, would have been $4.
A pre-packaged Chapter1 bankruptcy would allow for restructuring the
health care provisions to something a little more reasonable.
"Restructurings" usually are much harder on the working stiffs than the
management pukes. And why should a retiree on a fixed income have to fork
over $2300 for necessary surgery?
It's called a deductable Harry, something anyone should be prepared for and
also reduces health care premiums somewhat. I'll bet the overall savings
in premium payments by having a reasonable deductable more than covers the
$2,300 over the longer term. In major, long term illnesses, the deductable
is usually capped on a yearly basis, last time I checked.

One more time: most retirees on fixed incomes cannot afford to lay out
$2300 for necessary surgery. You're a rich retiree. Your perspective is
not relevant to retirees who are trying to decide whether to buy food or
medicine because they cannot afford both.


BS. My Dad is a retired non-union blue collar worker who is living on
a fixed income. He's had two surgeries in the last five years that
have cost him, out of pocket, more than $2300. He could afford it
because he lived within his means and socked away money while he was
working. He knew he'd have to take care of himself, and didn't expect
anyone else to do it for him.

My wife and I are doing the same, with a retirement goal set and we're
well on our way. Obama better not lay a finger on my retirement
accounts.


In this day and age, self sufficiency is looked upon as a social
disease. Notice the glares you get from liberals, if you mention it

[email protected] November 13th 08 03:50 PM

Gas prices .. some good news
 
On Nov 13, 2:38*am, "Eisboch" wrote:
I don't consider UAW members "slobs", *but I agree with his overall
assesment.


I was a bit over the top with that. I don't really blame the workers,
they're just taking advantage of the high-paying jobs available to
them. The UAW is specifically the one to blame here, by forcing the
automakers into paying this kind of money to unskilled workers,
ultimately bringing about the death of the entire American auto
industry.

It's past time to break the unions and come back to reality. They've
outlived their usefulness, and turned into leeches on society as a
whole.

[email protected] November 13th 08 03:54 PM

Gas prices .. some good news
 
On Nov 13, 10:43*am, Jim wrote:
wrote:
On Nov 13, 8:38 am, Boater wrote:
Eisboch wrote:
"Boater" wrote in message
...
Tom Francis - SWSports wrote:
I'll give you an example. *My back operation cost $14,356 in total
which was cheap considering that the main surgeon and assistant were
freebies. *That includes room, operating room, drugs, anesthesia,
yada, yada, yada.
My copay for that was $2,300. A UAW retiree, the guy who put four
screws in the afore mentioned dashboard for his career, for that same
operation, which would have included surgeon and assistant fees
totaling about $21,000, would have been $4.
A pre-packaged Chapter1 bankruptcy would allow for restructuring the
health care provisions to something a little more reasonable.
"Restructurings" usually are much harder on the working stiffs than the
management pukes. And why should a retiree on a fixed income have to fork
over $2300 for necessary surgery?
It's called a deductable Harry, something anyone should be prepared for and
also reduces health care premiums somewhat. * I'll bet the overall savings
in premium payments by having a reasonable deductable more than covers the
$2,300 over the longer term. * In major, long term illnesses, the deductable
is usually capped on a yearly basis, last time I checked.
One more time: most retirees on fixed incomes cannot afford to lay out
$2300 for necessary surgery. You're a rich retiree. Your perspective is
not relevant to retirees who are trying to decide whether to buy food or
medicine because they cannot afford both.


BS. *My Dad is a retired non-union blue collar worker who is living on
a fixed income. *He's had two surgeries in the last five years that
have cost him, out of pocket, more than $2300. *He could afford it
because he lived within his means and socked away money while he was
working. *He knew he'd have to take care of himself, and didn't expect
anyone else to do it for him.


My wife and I are doing the same, with a retirement goal set and we're
well on our way. *Obama better not lay a finger on my retirement
accounts.


In this day and age, self sufficiency is looked upon as a social
disease. Notice the glares you get from liberals, if you mention it- Hide quoted text -

- Show quoted text -


Please quit lumping all liberals in one catagory. I'm liberal, and I'm
all for self sufficiency.

Eisboch November 13th 08 04:16 PM

Gas prices .. some good news
 

"Vic Smith" wrote in message
...

On Thu, 13 Nov 2008 10:09:51 -0500, BAR wrote:


If Ford, GM and Chrysler go bankrupt then the unions are all SOL and the
companies are free to negotiate brand new contracts or maybe no
contracts with union labor. If the companies are smart they will move to
right to work states and screw the unions all together.


They are probably smarter than that.
They'll move the jobs to Mexico and China.

--Vic




Just think of the book possibilities:

"The Rise and Fall of the American Automobile Industry

..... from Henry Ford, then Unions and finally China".


Eisboch




Tom Francis - SWSports November 13th 08 04:56 PM

Gas prices .. some good news
 
On Thu, 13 Nov 2008 07:36:29 -0600, wrote:

On Thu, 13 Nov 2008 13:14:49 +0000, Tom Francis - SWSports wrote:



I agree with supporting the banking system - that's a plus and a must.
What I don't agree with is supporting a manufacturing corporation who,
through it's own stupidity, got itself into a mess and now wants the
average taxpayer to bail it out.


Another positive thing about bankruptcy, the managers that took the
company down, usually don't survive. What bothers me the most about
these bailouts is, the managers that failed are still managing. AIG, for
instance, that $440,000 party, these guys just don't get it.


Well, let's not get carried away with the blame there. That "party"
was paid for by independant agents who sell AIG products. That's a
pretty standard deal. The only cost to AIG was setting up the
"seminar" if that's what you can call it.

Still, I agree - it's pretty stupid PR.

I ain't buying it.

Personally, I think Sheila Bair has the right idea - buy up all the
fluky mortgages, take a small haircut, renegotiate the terms to keep
people in their homes and gradually sell the new assets back into the
system. It's cost neutral to the taxpayer and actually has the
potential to make the taxpayer money.


That part makes sense, but is it enough? This mess seems to be spreading
into other parts of the economy. I don't mind bumpy roads, it's the
downhills that suck.


I thought it was the right idea when the market started to collapse.
Everybody takes a small haircut, assets are saved, floors are put into
the market that are sound and everybody wins.

Instead we got TARP.

Bummer. :)

Tom Francis - SWSports November 13th 08 04:57 PM

Gas prices .. some good news
 
On Thu, 13 Nov 2008 08:42:23 -0500, "Eisboch"
wrote:


wrote in message
et...


Tough call. I don't like these bailouts, but can we afford not to? In
this country, 1 in 10 jobs are connected to the auto industry. If the
auto companies fail, we're talking depression, not recession. All of
this, could get real scary, real quick.


This may sound harsh, but I am just about convinced that we are beyond any
form of healthy avenues for recovery.
The reasons are varied and there's plenty of blame to pass around, including
the consumer. At this point though, it just doesn't matter. Assigning
blame doesn't fix the problems.

I think we may just have to bite the bullet, allow Banks, Investment firms,
GM, GMAC, Ford, Ford Motor Credit and Chrysler (whoever they are now-a-days)
to file Chapter 11 bankrupcy, reorganize and start again. That will
unfortunatly cause bankrupcies in many supporting industrys but they are
currently structured to support what exists now, not as it should be.

Everyone is jumping on the bailout bandwagon. American Express just filed
to become a bank, thereby qualifying for some of the bailout money to cover
bad accounts. That's too much. Enough.

Like a hurricane every 100 years or so, it is going to require cleaning out
the deadwood before the forests can grow again.


Damn straight.

Richard Casady November 13th 08 04:59 PM

Gas prices .. some good news
 
On Thu, 13 Nov 2008 06:48:22 GMT, Tom Francis - SWSports
wrote:

I still maintain that we can have our cake and eat it too. All we
need to do is switch to diesel/electric trucks and do the same for the
bigger cars. I read something the other day about GE's Evolution
diesel/electric locomotive, 12 cylinder turbo charged diesel engine
producing 6300 BHP and something like 6000 THP (traction wheel
horsepower) which can move a ridiculous amount of freight (in the
order of 50 million pounds or something like that - might even have
been higher) 6 miles on one gallon of diesel fuel.


I think you misspelled 6 gallons per mile. A diesel will typically
burn 1/3 of a pound per hour per horsepower. Or more than a ton an
hour in this case. Three hundred gallons per hour would require a
speed of 1800 MPH to get six miles per gallon. Never happen.

And it will haul only as much as 11/2 to 2 regular locos. 250 100 ton
cars? Which would come to 25 000 tons.? If the cars are 100 tons, and
a hundred feet long, the train would be almost five miles long.
Unlikely even with twenty or thirty locos.

You can't convince that the lessons learned in developing that type of
transportation power can't be used in developing a diesel/electric
capable of moving a F-350 around town efficiently. :)


Diesel electric is not particularly efficient. It allows starts with
very heavy loads without frying a clutch, which is why they use it.
It is heavy which matters with a truck.

Casady

tin cup November 13th 08 05:02 PM

Gas prices .. some good news
 
Wayne.B wrote:
On Wed, 12 Nov 2008 22:40:09 -0500, tin cup wrote:

The average wage was around 58,000.00 a year.


That's misleading, benefits add at least another 20,000. That is
pretty good pay for unskiled labor, about 2 or 3 times what most
factory workers get.

It was not a defined researched absolute fact. The 58,000.00 figure
depends on who and when you here it from. That was for the general
population. I don't begrudge them the benefits.
The "college graduate" think his deploma and job to manipulate people
entitle him and only his class to a decent living.
I turned down many many college graduates for jobs because they were not
willing to learn the job or do the work. They think the piece of paper
entitles them to lead and manipulate people and not work. The majority
of these elitist attitudes can not or would not do the work. Aparently
they hire more of their kind as they advance. They have the attitude of
Wall Street where the Masters should make all the profit and the
Employees are not worthy of their hire. Let them eat cake.


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