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Topic: Dare I touch the Big-3 no bailout

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Richard
F L I N T O I D

The Big-3 as of today are not getting a bail out. Congress wanted the UAW to make wage concessions and they refused. Congress wanted the Big-3 wages to be at the same rate as those of other car makers in the USA. UAW refused.
UAW wage: $71.00 an hour
Toyota wage: $49.00 an hour
Now nobody will get anything.

Richard
Post Fri Dec 12, 2008 9:22 am 
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Dave Starr
F L I N T O I D

That $71 number includes retiree pensions & health care costs, which the imports don't have. If you compare hourly wage rates, they're pretty equal.

_________________
I used to care, but I take a pill for that now.

Pushing buttons sure can be fun.

When a lion wants to go somewhere, he doesn’t worry about how many hyenas are in the way.

Paddle faster, I hear banjos.
Post Fri Dec 12, 2008 9:48 am 
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Richard
F L I N T O I D

Funny how the public never gets that information. What happens if the Big-3 go belly up and the workers get nothing?
As I stated in several posts before:

"Lost Your Job Yet?, Keep Buying Foreign!"

Certainly seems to ring the truth now more than ever.

Richard
Post Fri Dec 12, 2008 9:53 am 
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Dave Starr
F L I N T O I D

O got an email from a coworker that has email access at work. She said the plants at Powertrain North - formerly the Buick complex are in chais. The rumors are that everything will be shut down today.

_________________
I used to care, but I take a pill for that now.

Pushing buttons sure can be fun.

When a lion wants to go somewhere, he doesn’t worry about how many hyenas are in the way.

Paddle faster, I hear banjos.
Post Fri Dec 12, 2008 11:53 am 
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back again
F L I N T O I D

methinks an 11 is in order...... Embarassed
Post Fri Dec 12, 2008 9:03 pm 
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00SL2
F L I N T O I D

quote:
Dave Starr schreef:
That $71 number includes retiree pensions & health care costs, which the imports don't have. If you compare hourly wage rates, they're pretty equal.
If the government acts on the costs of health care as an emergency, it might help toward resolving this problem sooner rather than later.
Post Fri Dec 12, 2008 10:09 pm 
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Dave Starr
F L I N T O I D

The union's supposed to take over health care in 2010, but i don't think GM has put one cent into that fund yet. I can see it going away, dumping everyone into Medicare & Medicaid. Pensions will be dumped on the government, who will pay only a percentage of the money.

_________________
I used to care, but I take a pill for that now.

Pushing buttons sure can be fun.

When a lion wants to go somewhere, he doesn’t worry about how many hyenas are in the way.

Paddle faster, I hear banjos.
Post Sat Dec 13, 2008 8:25 am 
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