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01-29-2009, 01:37 PM | #1 | |
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GM calls an end to ‘jobs bank’ scheme
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01-29-2009, 02:06 PM | #2 |
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Unions.
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01-29-2009, 02:07 PM | #3 | |
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makes me glad all over again that I bought foreign. |
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01-29-2009, 02:50 PM | #4 | |
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If an employer no longer has the business to support your job, how can they be expected to continue to support you for no return in labor? |
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01-29-2009, 03:05 PM | #5 | |
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I for one am glad they got bailed out. consider that no bail out means millions losing their jobs, resulting in a flooding of the market. consider that smaller companies employed by GM and other manufactures for parts and services would also go out of business. That means more people out of a job. This also results in less spending by people into the economy and we all spiral down hill to our own destruction. |
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01-29-2009, 03:33 PM | #6 | |
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If we're using my taxpayer money to bailout GM and Chrysler, I at least want a free car. |
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01-29-2009, 04:01 PM | #7 |
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01-29-2009, 04:12 PM | #8 |
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I am still waiting for my bail-out........
Maybe I should be waiting for my jobs bank instead? Peace, Greg |
01-29-2009, 04:32 PM | #9 | |
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but the bigger picture, we're paying for the car companies to indefinitely pay unemployed workers when they should be using the money given to fix themselves, not continue to **** themselves. |
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01-29-2009, 04:53 PM | #10 | |
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"Bailing out" an unsustainable entity is not a bailout, it is pissing away tax dollars. Would you start a separate company out of nothing, again with dependent suppliers and employees, all to produce a product that is not in line with the competition? NO. So why let these ones go on at the expense of others? All to "save" jobs temporarily? Let them die, file bankruptcy, come back and learn to do things the right way or disappear. There's a much bigger picture here. /end rant, not subscribed, don't care... |
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01-29-2009, 04:59 PM | #11 | |
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01-29-2009, 05:53 PM | #12 |
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The last 2 posts sum this up nicely.
Let them go into bankruptcy now and get it over with, or throw billions of dollars at them and let them die in a few months when they run out of bailout money. Both paths lead to the same outcome, but the first one is a lot cheaper and spares taxpayers the burden of being however many billions more in the hole than we are with nothing to show for it. The bailout gives them enough to keep operating for a few months, and a few months is not enough to turn around a company that big without major structural changes to said company. Bankruptcy allows them to re-structure significantly and come back in a more competitive form, while a bailout strings them along for a little longer with minimal concessions. |
01-29-2009, 07:09 PM | #13 |
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All I can think of when I read another Big 2.5 story, is the Do-Dos in Ice age gathering around and saying "Doom on you, DOOM ON YOU!!"
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01-30-2009, 10:25 AM | #14 |
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I really really doubt the job's bank will be gone. On Hiatus? sure. But it will be back called something else if times get better.
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01-30-2009, 10:46 AM | #15 |
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you people who defend the bailout, do you come from money? I mean are your parents rich? I find that people who are so willing to give money away, usually do not know how hard it is to come by. When you grow up rich, its far easier to support taxes and social programs, as you always had it. But find me a guy or gal that started poor, and busted his/her butt to make her life better and I will show you a person who does not want to pay more taxes and does not want to help those who will not help themselves. BAsically I will show you a republican
I really do not understand the method of thinking that giving GM money to keep them afloat for 2 more months before they declare bankruptcy is a good thing. Let them file bankruptcy....let them off load the unions... let them compete without a 40 lbs gorilla on their backs. |
01-30-2009, 01:12 PM | #16 | |
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Take it elsewhere, texas. |
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01-30-2009, 03:03 PM | #17 |
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HHAAHAAHAH... busted! Actually I am from Louisiana...but I was a military brat for a long time before. NASA is in Houston, so I am too.
But I can appreciate the tactful stab! haha |
01-30-2009, 04:05 PM | #18 | |
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But when we dumping billions into such a large failing company without changing the root cause of their predicament, we might as well just burn the money... All that accomplishes is to delay their collapse for a couple of months, and it's plainly obvious that this is all a bailout will accomplish without MAJOR contractual concessions and major changes to the way in which they do business. If they're losing XBillion dollars per month, without making serious changes, they'll still be losing YBillion dollars per month in 3 month's time. The job bank is one of their problems, but they're not letting go of it completely, and it's only one of many huge problems that GM faces. Last edited by jhargis; 01-30-2009 at 04:38 PM. |
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01-30-2009, 04:18 PM | #19 | |
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