huh union greed.... I think I said something of the sort....WOW!!! Look at that huge amount!!!! When you make that kind of money you must prepare for things to happen. Save for a rainy day so to speak.
Look what happened to Eastern Airlines because of Union greed. Same goes with auto makers. They had a great run while it lasted!!!! Making that kind of money they deserve to sink!!! Even cut those amounts in half and that is not too bad for wages! What a horrible mess they are all in. Too bad Detroit.
I knew it was coming.Let's all play nice. We don't want the Mods to have to intervene.
True, TrueNot trying to get the mods involved, just stating the obvious.
Very true. I start to bow out, when most threads hit 7 and 8 pages in only a day or two it is usually an indication of a very heated/opinionated debate. Sometimes its just easier to drift away from the subject at hand...Everyone calm down, this thread is growing extremely tiresome.
Yes! The democrats are the new fiscal conservatives of the 21 century!Don't forget that it was Democratic members of the House of Representatives who turned down the CEO's on Thursday, telling them to come back with a plan to stay viable and concessions from all players.
But it wouldn't surprise me if the Union Busters in Congress were the ones making the most noise against any bailout these days.The unions have made many concessions, honestly the unions aren't the problem that people make them out to be.
I am not convinced that the reorganization process would be a net negative on the economy. In fact, I think it may bring confidence to to a marketplace that has been plagued by doubt since the "big drop". I really am looking to see how the CEO's come back to congress next week to present their argument for being propped up. I'll hold my judgement until then I suppose, but I still am weighted much more towards some kind of Big 3 reorganization.I think "Can the economy survive their liquidation?" trumps "do they deserve the bailout?".
Nor am I, but I do think that an awful lot of heavy hitting economists should be trying to figure this out for the government. Getting it wrong is pretty bad both ways-- a waste of big money if we go for an unnecessary bailout that we didn't need (for any reason-whether we could live with a Big 3 meltdown, or whether the Big 3 could find a way to make it work on their own), and devastating if the Big 3 melt, and unemployment zips up to 15% and stays there because the economy couldn't absorb the hit.I am not convinced that the reorganization process would be a net negative on the economy.
I wonder how long it will take for the President Elect to replace Paulson? He's on the transition short list I betcha.In exchange for my tax dollars, I expect my government to be doing the homework here, not guessing, and not making poor choices based on which ideology happens to be driving Congress at the moment.