tag:blogger.com,1999:blog-15329279.post2640507648196802519..comments2023-08-25T05:18:29.312-06:00Comments on Madville Times: Bush Agrees with Kucinich: GM Needs Govt Fundscaheidelbergerhttp://www.blogger.com/profile/03261598066395322681noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-15329279.post-58905625580004626702008-12-13T19:31:00.000-07:002008-12-13T19:31:00.000-07:00I really don't want to see any more jobs lost, but...I really don't want to see any more jobs lost, but I don't think all of us taxpayers should have to pay to save their jobs. From what I understand, the Senate voted it down because the Auto Workers Union didn't want to make a paycut. The national news reported a couple weeks ago that the average auto maker is paid, on average, $73/hour. No wonder cars are so expensive. <BR/><BR/>May the autoworkers should reconsider taking a paycut vs. losing their job. Greed is definitely what this country is built on. It sad...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15329279.post-80377229887995898602008-12-13T15:58:00.000-07:002008-12-13T15:58:00.000-07:00I would like to hear Senator Thune explain to the ...I would like to hear Senator Thune explain to the people of South Dakota why he voted for the financial industry bailout but against the auto industry bailout. It looks like a double standard, so I'd like to hear him explain it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15329279.post-59003571764066071772008-12-13T14:47:00.000-07:002008-12-13T14:47:00.000-07:00One can get a mighty good deal on a GM car right n...One can get a mighty good deal on a GM car right now. I doubt that the government will let these companies fail.<BR/><BR/>I'm not buying a new vehicle for the same reason as if the economy were robust: I don't need one.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15329279.post-74860805097387104622008-12-13T14:43:00.000-07:002008-12-13T14:43:00.000-07:00In my view, "saving" GM/Chrysler would be a huge m...In my view, "saving" GM/Chrysler would be a huge mistake. <BR/><BR/>First, the only argument to save them that even gives me pause is that some ridiculous number of jobs could be lost. But honestly, would all of those jobs really go away forever is these companies went bankrupt? For a tiny business this might be true, but large companies reorganize or get bought up after bankruptcy. I would bet that after bankruptcy these companies would shed many employees and become profitable again. The losses may be substantial, but nothing like 3.3 million (which includes all of the parts suppliers). Maybe 10-20% would lose their jobs. So at absolute worst 330k. That is a lot, but would not sink the economy directly.<BR/><BR/>Secondly, let's pretend that we gave these car companies all of the money they desired. Does anyone actually believe that would "save them"? After reading about their restructuring plans I just started laughing. Their plan basically amounts to weathering the storm and then going to back to business as usual. There never will be another business as usual. Gasoline is on the way out and they haven't invested in alternate technologies. They are conservatively 5 years behind the foreign automakers.<BR/><BR/>Lastly, we need to get away from thinking of companies as "american" or "foreign". Large companies are multinational and hold allegiance to none. We should not as consumers hold any allegiance either. There is no benefit to do so. Buying "american" doesn't send money back to america. Ownership of companies are now distributed throughout the world. Profits, accordingly, are also distributed globally.Tony Amerthttps://www.blogger.com/profile/00926509220711589398noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-68353894727008183472008-12-13T08:40:00.000-07:002008-12-13T08:40:00.000-07:00Concerned, heated disagreement everywhere. Gray f...Concerned, heated disagreement everywhere. Gray for sure, but we are far from a free market environment anyway. Personally I think we have to take reasonable steps to save them, although I don't know what that means. People are not investing in solid companies so don't expect a rush to buy. If you want to speculate a few dollars you can loose, Ford looks like the best bet. jhAnonymousnoreply@blogger.com