chevy gonna be nationalized

#2
#2
joevol320 said:
http://www.bloomberg.com/apps/news?pid=20601087&sid=al89RU9gWof8&refer=home
when can we officialy announce the death of America?
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we're not dead yet

monty-python-and-the-holy-grail.jpg
 
#6
#6
i once said sarcastically that obama would just give the companies to the unions. amazing that this is actually happening and none one is talking about it and his payouts from the unions during the election.
 
#8
#8
They should strip every one of the U.S. carmakers of their unions, rehire for all their positions with half the pay and benefits with people happy to work there, and they would probably be in the black in 12 moths.
 
#11
#11
So if they threaten strikes in the future, will they have to negotiate and picket theirself? I actually love this.
 
#12
#12
So what happens if the companies go bankrupt again (entirely plausable) because they still have the union contracts. wouldn't the uaw pension and healthcare fund now be worth almost nothing since it would be half funded by stock? are they going to eat the loss or is the american taxpayer going to have to make up the difference?
 
#13
#13
droski said:
So what happens if the companies go bankrupt again (entirely plausable) because they still have the union contracts. wouldn't the uaw pension and healthcare fund now be worth almost nothing since it would be half funded by stock? are they going to eat the loss or is the american taxpayer going to have to make up the difference?
Click to expand...

Ding, ding, ding..... welcome to socialism!
 
#14
#14
droski said:
So what happens if the companies go bankrupt again (entirely plausable) because they still have the union contracts. wouldn't the uaw pension and healthcare fund now be worth almost nothing since it would be half funded by stock? are they going to eat the loss or is the american taxpayer going to have to make up the difference?
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nice point but I really wonder why you added a question mark. After all that's been done in the last 100 days I'm pretty sure of the answer
 
#15
#15
they might be forced to sell the stock after the reorganization. i hope that is part of the deal personally.
 
#16
#16
allvol123 said:
So if they threaten strikes in the future, will they have to negotiate and picket theirself? I actually love this.
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i guess they'll have some environmental group designing the cars.

don't complain about your expensive service, the gov will audit you.
 
#21
#21
These are nice little gems from the article....

The UAW role, if confirmed, may be the only “feasible way of moving forward,” he added.
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....part of the problem, I can think of better ways to move forward that should be feasible.

“The weakness remains Chrysler’s product base and how quickly this can be adapted with or without Fiat’s ‘help,’” the analyst said.
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....fundamentally incorrect statement. Chrysler's products are not the best, but nobody seems to want to ask why.


Although, if the company agrees to this, they deserve everything they have coming to them.
 
#24
#24
rjd970 said:
Why do they have to agree to fund union healthcare benefits?

And I still don't fully understand why bankruptcy can't be an option.
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because obama is forcing them to. the bondholders would unquestionably prefer bankruptcy. the reason obama doesn't want this is because a bankruptcy judge could significantly cut benefits and salaries.
 
#25
#25
hey, since the government own GM, does that mean it will be illegal to put anti-obama stickers on?
 
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