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    Wesley's Avatar
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    Whoot - what a deal for GM workers or why save GM

    GM to American Workers: Pay for Your Own Execution | OurFuture.org

    In just the past eight months of this recession, caused in huge part by recklessness on Wall Street, this country has lost 1.2 million manufacturing jobs, according to the U.S. Department of Labor. GM cannot take tax dollars to slash more. Former U.S. Labor Secretary Robert B. Reich agrees. Here’s what he told the Washington Post, “. . . it raises fundamental questions about the purpose of bailing out these big companies. If GM is going to do more of its production overseas, then why exactly are we saving GM?”


    Let my Fred's Posse Ride: Georges, 3sus, Hallice, Deonte, Dustin, Abdel, Monte, Matt, and McKaT.

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    Re: Whoot - what a deal for GM workers or why save GM

    Quote Originally Posted by Wesley View Post
    GM to American Workers: Pay for Your Own Execution | OurFuture.org

    In just the past eight months of this recession, caused in huge part by recklessness on Wall Street, this country has lost 1.2 million manufacturing jobs, according to the U.S. Department of Labor. GM cannot take tax dollars to slash more. Former U.S. Labor Secretary Robert B. Reich agrees. Here’s what he told the Washington Post, “. . . it raises fundamental questions about the purpose of bailing out these big companies. If GM is going to do more of its production overseas, then why exactly are we saving GM?”
    Because the unions have the politicians in their back pocket?

    I imagine this thread will be headed to the cave before to long



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    Re: Whoot - what a deal for GM workers or why save GM

    As long as you exclude the UAW from that conversation, then I agree. The administration will make sure to get them a much better deal than the rest of us.



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    Re: Whoot - what a deal for GM workers or why save GM

    And to think it wasn't all that long ago that people from both political parties laughed at Ross Perot when he said, "Do you hear that sucking sound? That's the sound of American jobs leaving the country."

    Sounds a little prophetic now that we look back on it, doesn't it.

    Government policies have made it more profitable for these companies to move their jobs to other countries.



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    Re: Whoot - what a deal for GM workers or why save GM

    Perhaps this will be something to lower expectations. If they get the idea going that theyre going to move overseas or to mexico and then to appease (rightfully) angry americans they instead just relocate to a state that its cheaper to operate in (read: less union power).



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