So many responses to the question I put forth... where should I begin? I guess I shall go through them one by one
Mark said,
In a capitalist society when you put out a good product that sells you are entitled to all the profits. However when your management is so greedy and has it's head in the sand regarding future trends, ie-the price of oil. You deserve shit.
Your point is well taken, and you should keep in mind that the rulers of GM have been from the finance department and not from the engineering department as of the last 40 years. This point should be taken by every business that ultimately is dependent upon innovation... never allow your finance people have more influence than your engineers if you rely upon engineering for your product line.
As for Claire, I am going to paraphrase you in my response. Not only will the public be demoralized if we allow the auto industry to go under, they will be put out of work. And this cannot bode well for any one else in the U.S. if a full 10% of its population is out of work. And I do agree with putting conditions on any assistance, such as: fuel efficiency that stated, and not frivolously suing California over laws that would have made the auto industry competitive today. As for the electric idea, there was the
EV-1 that the GM rulers torpedoed because of its cost. Talk about a stupid decision based upon short term thinking. And currently there are plans for the
VOLT. Though this is a little too late for the current problems. And lets not forget about the Chrysler Idea of
electricity in all vehicles.
And, yes claire, we should all be with-in walking distance of our daily needs. Including work.
As for Timmeh, and his capitalistic approach, does he not see that the system of capitol that is in place is broken? And to allow these companies to fail might further make the whole market system fail beyond a point of recovery. Despite the fact that these financial guys at the head of these companies cannot see daylight because their heads are so far up their asses, does not mean a full 10% of the American population should be put in jeopardy of loosing their jobs. The market is not so free after all. read your Marx. I have, and am feeling like this was completely predictable. And what conditions do you suggest timmeh?
As for -McG-, I cannot argue with the stupidity of taking your most expensive machine to go beg for money. This is yet another reason why the current leaders of these companies should be put to the wayside. Bad decision upon bad decision. I do think that the workers will give up any "extras" they might have gotten over the year for the continuation of the company because they realize that anything they might have gained will be on the chopping block if the company goes under. Unlike the insanely huge bonuses the board got for causing this debacle, they will not return years past money for poor results recognized today. F**king bourgeoisie bastards!
And that last comment leads me right into Jungle Jim. Your brilliance is not surprising Jim. It is the ignorance, or lack of willingness to state an obvious possibility that is surprising from the some of the others. The talk of "free markets" and of "conditions", or "restrictions" only begs the question about social control of the companies. There was a chance of this through government partial ownership, but that has been put to the pasteur by the Southern Republican elite who believe only in keeping the workers wages low and the worker subjugated. Now the ball is in the Bush administrations court, and we have already seen how they have f**ked up everything they have touched... talk about the antithesis of the Midas touch. I fear for a viable American economy in the next 5 years if the auto industry decision is left up to the Bushites.
And as for the last one, yes, I am a bizarre and interesting man. That is why you still talk to me. And the same goes for the rest of you.
I feel that america cannot necessarily afford the loss of this industry. Though. I do feel that if this industry should fall do to the coincidental incompetence of its own leaders and those in the government, this could bode well for future industry, With all of those out of work factories made for car making, what start-up electric car company would not want to take a hold of all of those already outfitted placements? The American auto industries failure after one hundred years of dominance could in fact be the fertilizer for another time of dominance by America in an industry that is integral for all business and industry throughout the world