UAW + GM Bankruptcy + Obama = Politics as Usual

[valvano]

Hope....Change....Political Payback to Unions:

http://www.familysecuritymatters.org/publications/id.3500/pub_detail.asp

love Gingrich or hate Gingrich, this is a great story on the role of union paybacks had in the GM and Chrysler bankruptcies...

[yeahwho]

Newt is always fucking with the average guy and ignoring the people oblivious to the downfall of an American icon, like General Motors CEO Rick Wagoner who said fuck it when they had to change the way they did business, then left his $14 million+ per year job and took his guaranteed $20 million dollar retirement (http://abcnews.go.com/Blotter/story?id=7208201&page=1).

But Newt his focus is on the 10's of 1000's of UAW workers and their combined $23 million.

Gingrich is a corporate whore.

[Echewta]

When he completes his Contract With America, then I'll listen. He signed it. Its binding.

[valvano]

Newt is always fucking with the average guy and ignoring the people oblivious to the downfall of an American icon, like General Motors CEO Rick Wagoner who said fuck it when they had to change the way they did business, then left his $14 million+ per year job and took his guaranteed $20 million dollar retirement (http://abcnews.go.com/Blotter/story?id=7208201&page=1).

But Newt his focus is on the 10's of 1000's of UAW workers and their combined $23 million.

Gingrich is a corporate whore.

its kind of hard to change how a business is run when union contracts forced specific production lines, requires duplicate levels of labor, 8 hours of pay for 5 hours of work, etc......

[yeahwho]

its kind of hard to change how a business is run when union contracts forced specific production lines, requires duplicate levels of labor, 8 hours of pay for 5 hours of work, etc......

Even if your making $14 million dollars per year? This fellow Rich Wagoner rode GM right into the ground with his complete inability to care coupled with 0 innovation and a greed that fucking consumed all his decisions.

Face it, they really didn't give a shit what happened with cars/trucks/unions, raping the corporate structure for money was the goal here.

Wake Up and smell the coffee, these past corporate heads aren't/weren't dignified people on a mission to improve the auto industry in the USA.

[valvano]

Even if your making $14 million dollars per year? This fellow Rich Wagoner rode GM right into the ground with his complete inability to care coupled with 0 innovation and a greed that fucking consumed all his decisions.

Face it, they really didn't give a shit what happened with cars/trucks/unions, raping the corporate structure for money was the goal here.

Wake Up and smell the coffee, these past corporate heads aren't/weren't dignified people on a mission to improve the auto industry in the USA.

are you buying a new GM or Chrylser since you appear to support the Obamazization of the US auto industry? Funny Ford is getting ready to overtake GM and Ford stayed away from Obama and his bureaucrats...

[yeahwho]

are you buying a new GM or Chrylser since you appear to support the Obamazization of the US auto industry? Funny Ford is getting ready to overtake GM and Ford stayed away from Obama and his bureaucrats...

Have you ever carried on a real conversation? Do people who use terms like "Obamazization" actually talk with each other, then end their discussions with...

Hope....Change.... lol, think again stupids.

Funny (http://www.freep.com/article/20090712/BUSINESS01/907120508/Growing-debt-burdens-Ford) Ford (http://www.google.com/finance?client=ob&q=NYSE:F)?

When you become easily agitated critical thinking goes south, I can't help but think you're easily distracted from reality.

[Burnout18]

Ford Ford Ford, hate to say it but they were declining for a while, slow and steady. Thier management has been dealing with it by selling off some costly and non profitable brands like land rover. Obviously they were somewhat prepared to go through "hard times" whether it was thier own product not selling or economy tanking. GM and Chrysler weren't.

[kaiser soze]

The Jerk cut the Dragon Tank too

http://www.theonion.com/content/video/obama_axes_pentagon_plan_to_build?utm_source=a-section

Obama (n)

[Burnout18]

Ford the first to bounce back.

http://www.freep.com/article/20090723/BUSINESS01/90723009/Ford-surprises-with--2.3B-quarterly-profit

Can somebody tell how the UAW works with ford, because i want to know if someone like valvano and other anti-union ppl want to blame the UAW for GM's downfall, why is ford announcing a 2 billion dollar profit?

[travesty]

Nothing to do with Unions one way or another with Ford. Here's the short synopsis....look up the exact tiimeline on your own.

Around about 2007 Ford was in real trouble financially, worse than GM and Chrysler even. However Mullaly (CEO) and his team started shedding less profitable divisions (Land Rover, Jag, etc) and whacking the shit out of a bloated layer of middle management in order to make the balance sheet a little more attractive to the lenders so they could borrow some coin. Somewhow they managed to scrounge together oh I think was about $22 billion (something like that) in equity financing and credit lines which they quickly put to work paying down debt and restructuring even further. Shortly thereafter the US credit crisis hit and lending froze up.....GM and Chrysler were a day late biliions of dollars short...literally... in their restructuring plans. They couldn't even think of getting it from the banks so off they went to Washington and the Union halls to plead their cae. In short Ford had a great management team with lots of foresight but more importantly they got lucky as shit with their timing. They too could have easily been cuaght in the crunch at the wronfg time. The gains made on GM and Chrysler in sales and product development since then are going a long way to put Ford back on solid gound in the near future. I hope so as I LOVE my Ford truck. As they say, success is when planning meets opportunity.