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To testify in D.C. When asked for a show of hands how many of them would be willing to sell their private jets in place (not flying them home) - NOT ONE OF THEM RAISED THEIR HANDS!

Amazing.

De Nile is a river in Egypt, not a state in which to live in.

ONLY 1449 DAYS UNTIL THE NEXT PRESIDENTAL ELECTION.
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I've been listening/watching via the net and I must say I am truly disgusted with the whole thing. CEOs can't even tell Congress what each one needs. They just keep coming back with 25b.

I will say, however, Ford CEO, from what I've seen, seems to have more on the ball than the others. Of course having to listen/see Barney Frank is difficult at best.

Get rid of the CEOs, their jets, etc.

De Nile is a river in Egypt, not a state in which to live in.

ONLY 1449 DAYS LEFT UNTIL THE NEXT PRESIDENTIAL ELECTION.
quote:
Originally posted by zippadeedoodah:
Are you suggesting - [gasp!] - they travel in COACH?


I was for the Chrysler bailout, Lee Iaccoca was the new guy and trying to clean things up. I am so against rewarding incompetence.

How bad is Ford really doing? They have been international for decades, and own half the auto brands in Europe.
Hudson, Cord, Packard, Studebaker, Desoto, Nash/American Motors, Crosley,etc, these were all great American Automobiles. What do they have in common? They are out of business. Why? They are out of business due to the fact that they continued to manufacture and market what they wanted and not what the American buying public wanted. Does this sound faintly familiar?

If you are making square bales and the market place is buying only round bales, you are finished, even if you make the best square bales in the world. I offer this little simplified version of marketing in hopes that you will understand the the big three auto makers neither need nor deserve a federal bail out.
Top management once again failed their workers. To me it shows the quality of the decisions made each and every day. I sure have mixed feelings about this. One thing though, this would be a loan, if they can survive. With their stock prices at present levels I'm hoping someone with tons of money buys them. I'm sure Google has more than enough billions
to do it.
Why would they throw their money away? That is exactly what the government would be doing? under the current regime and restrictions being put on that industry there is NO WAY anyone is going to turn a profit for very long. They are building gas guzzling cars, tthey are paying their CEOS too much money, and the organized labor is taking them to the woodshed. It would take a fool to buy that company under those conditions. And he government would be even dumber for "loaning them" money since in 1 year they would be back for more in the same condition.
quote:
They are building gas guzzling cars, tthey are paying their CEOS too much money, and the organized labor is taking them to the woodshed.



What many people do not understand is that union contracts, especially those in the auto industries, are based on a percentage of the salaries and commissions paid CEOs and management. The more the CEO gets in bonuses, the more the union wants at the negotiating table, and rightly so, it the man or woman on the line that makes the company money, not the CEOs.

Blame the union if you want to, they are only asking for a small percentage of what their blood, sweat and tears produce. The real fault lies with a corporate mentality that has been fostered since the 80's that puts all the monetary value of a company in the executive decision making of the company and not in the people who actually [produce a product that creates income.

The scripture says: " Without the strength of oxen, there is no increase."
Hey Flash, why give them $25 Billion when the government could buy and federalize them for one billion. Fire all management, without the golden parachute, and install executives on a contract basis who would produce profit or be gone. Once a profitable business model was in place and the U. S. auto industry was stable, they could once again be privatized by sale of stock. In a free market situation, to survive you have to be better than the competition...it's all about Market Shares and Ford, Chrysler and GM have lost far too much of the market to the foreign car marques.

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