GM fails because of poor management and has to be bailed out and now?

Discussion in 'Politics' started by Grampa Murked U, Sep 19, 2011.

  1. Grampa Murked U
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    Grampa Murked U Diamond Member

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    We still own 26% of GM and they are up to mismanagement again. Remember, despite the bailout they had to go bankrupt anyways because they couldnt afford the union benifits. So what do they do?

    Pay raises. No extra employee contributions to benifits. A 5k bonus to EVERY CURRENT employee

    Apparently NOTHING was learned about fiscal sanity despite all of us bailing them out.

    UAW wins raises, signing bonuses - Associated Press - POLITICO.com
     
  2. blastoff
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    blastoff Undocumented Reg. User

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    "The deal, which was reached late Friday, also includes a $2- to $3-per-hour pay raise for entry-level workers over the life of the contract and guarantees of more union jobs..."

    Sure hope that means assuming the business warrants more union employees, not just more union jobs regardless of the state of the business.
     
  3. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Hopefully, the next Administration cancels all the UAW contracts, claws back their equity in GM and makes every single UAW member live in Detroit
     
  4. Grampa Murked U
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    Grampa Murked U Diamond Member

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    This left wing fiscal ideology is infecting our country. No wonder the poor are poor if they keep throwing good money after bad. Just piss it all away because someone will rescue me.
     
  5. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Maybe GM will buy Obama's Bankrupt Green Energy Company? Finance it with a loan from Fannie?
     
  6. VaYank5150
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    VaYank5150 Gold Member

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    What do you expect? The UAW was put in charge, right?
     
  7. daveman
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    daveman Diamond Member

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    I'm not sure which is greater: This administration's incompetence, or its corruption.
     
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