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Posted by: rumple4skin 1 year, 1 month ago
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rumple4skin1 year, 1 month ago
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The only rock is the refusal of the auto companies to sell better products. The hard place is the situation all companies have trying to pay health benefits. The hard place is taking action that will do the least harm to floor workers and the economy. If you are anti union and believe calling retirement and health benefits 'gold plated' try some of the platinum benefits the failed management gets. How much do you believe their benefit packeges contribute to the cost per car. Get off blaming unions. The only stock holders that have true ownership in the company are those with prefered stock. I did not suggest taking away their ownership. I do suggest adult leadership and responsibility.
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beavith11 year, 1 month ago
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oh brother.
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who determines what a better product is? the marketing moguls or the peolpe with cash to spend. they built what the american public wanted. when the economy changed overnight the car companies had no Plan B.
here we are.
'...The hard place is taking action that will do the least harm to floor workers and the economy..."
what socialist nirvana do you live in? neither of those issues are measured by the bottom line.
and for your future edification, all stock holders own the company. preferred stock holders are just first in line to collect any value. if theGov't nationalizes a bankrupt car manufacturer, they essentially take all the value in the company and leave all the stockholders destitute. what's worse is that many of the big institional investors are big retirement plans. let's not yank that rug out from under those people, too.
just an observation of this fiasco. we have both noted that health care costs are unaffordable to the company.
do you notice that this is not a lot different than what universal health care is going to do to the country? this is the wake up call.
there is no affordable version of universal health care.
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