Hate To Say I Was Right But........

[Back Beach]

Originally Posted by spence

The auto companies don't suffer from a lack of innovation, they suffer from labor unions and a giagantic oil lobby that stifles innovation domestically.
-spence

Add slowing consumer demand and obsolesence to the list too. We're basically looking at a %$%$%$%$ty business from the top down. Bailouts prolong the inevitable. I also read many of the UAW members receive almost 80% of their compensation when they're laid off too. They need to "save" these companies so the union hacks can survive. It has nothing to do with changing the business model or product.

[The Dad Fisherman]

Originally Posted by Back Beach

I also read many of the UAW members receive almost 80% of their compensation when they're laid off too.

Thats not true!!!!






***its actually 95%***

and they wonder why they are in a financial mess

[Bronko]

Originally Posted by Back Beach

Add slowing consumer demand and obsolesence to the list too. We're basically looking at a %$%$%$%$ty business from the top down. Bailouts prolong the inevitable. I also read many of the UAW members receive almost 80% of their compensation when they're laid off too. They need to "save" these companies so the union hacks can survive. It has nothing to do with changing the business model or product.

Excellent post.