Mr Salt
New Member
- Jun 14, 2008
- 632
- Boat Info
- Raymarine/Raytheon electronics, Sat TV, Yacht Controller
- Engines
- 2003 Caterpillar C-12s Twin Disc Transmissions
The automotive bailout is for the politicians no one else. They do not want the UAW to have to face the consequences of a bankruptcy---that will cost the, the politicians, votes. The shareholders have been kicked to the curb. They lost all of their investment---what is GM and Ford stock worth? a couple of dollars. Cerberus, like wise has lost its investment and it is not required to put any additional money in Chrysler just like the public shareholders of GM or Ford.
A company in bankruptcy is not a bad thing----how many airlines have been in bankruptcy and continued to fly. I bet Continental has been there two or three times as has Delta. The politicians need to make a fuss about bankruptcy so every one gets scared and it forces the Companies to do what they want.
Will government loans fix the underlying problems of the legacy automobile industry. Why isn't BMW, Mercedes, Nissan, Toyota or Honda suffering from the problem. They are not burdened with heavy labor contracts. Will loans by the government change those contracts -------personally I don't so. Management changes will do little because they can not change the labor contracts and thus the cost of production. Why do the legacy automobile compete in the markets for big vehicles? Those are the only vehicles that can carry the high labor costs and do not have heavy competition from the other US auto makers.
This also allows the government to do away with all of the big pickup trucks out there because the Czar will say you don't need to pull your boats any more and oh by the way since boats are pleasure boats are big fuel burners they will have to go. Gentlemen we are approaching a slippery slope with our government . The government that got us into this mess in the first place. I don't know how we can expect them to fix it, they are not independent of it.
Mr Salt
2001 540 CPMY
Caterpillar C-12s
Cape May, NJ
A company in bankruptcy is not a bad thing----how many airlines have been in bankruptcy and continued to fly. I bet Continental has been there two or three times as has Delta. The politicians need to make a fuss about bankruptcy so every one gets scared and it forces the Companies to do what they want.
Will government loans fix the underlying problems of the legacy automobile industry. Why isn't BMW, Mercedes, Nissan, Toyota or Honda suffering from the problem. They are not burdened with heavy labor contracts. Will loans by the government change those contracts -------personally I don't so. Management changes will do little because they can not change the labor contracts and thus the cost of production. Why do the legacy automobile compete in the markets for big vehicles? Those are the only vehicles that can carry the high labor costs and do not have heavy competition from the other US auto makers.
This also allows the government to do away with all of the big pickup trucks out there because the Czar will say you don't need to pull your boats any more and oh by the way since boats are pleasure boats are big fuel burners they will have to go. Gentlemen we are approaching a slippery slope with our government . The government that got us into this mess in the first place. I don't know how we can expect them to fix it, they are not independent of it.
Mr Salt
2001 540 CPMY
Caterpillar C-12s
Cape May, NJ