Because Congress hinted at a possible bailout plan.....they'll be back down tomorrow.Baz said:Why did Ford (F) shares go up 0.13 (10%) to 1.39 today, and GM (GM) up 0.09 (3%) to 2.88????
I was rather hoping they'd keep slidin'....
tony barnhill said:Retired UAW worker (high school education or less) who spent 30 years at one of the Big Three receives a pension of $4,000 each month plus medical benefits for life without copays for doctor visits or prescriptions & they never have to switch to Medicare...plus Social Security check!
Don't get me started on union benefits........
tony barnhill said:You've just made my point! No way shouls somebody who worked on an auto assembly line all their life have a pension that is anywhere near yours or mine...equity is what they want bt they've gone beyond that!
RonMacPherson said:As a fellow veteran, I salute you. Your service to this country was admirable.
Now, for a little more angst building, research what a postal carrier earns after twenty-thirty years and what they get with retirement...
A letter carrier.....
Compared to what we are not paying our teachers, etc. I find it very disheartening...
tony barnhill said:...& my thread was a way of explaining that any government bailout is a union bailout, not a bailout of the Big Three! But, the UAW president has said the UAW will make no concessions; that its not his union's fault - its the economy!
vagt6 said:tony barnhill said:...& my thread was a way of explaining that any government bailout is a union bailout, not a bailout of the Big Three! But, the UAW president has said the UAW will make no concessions; that its not his union's fault - its the economy!
I hate to say it, Tony, but that's an awfully truncated view of the financial problems that are facing the big 3 automakers. Pay and benefits are part of the equation, but by no means the central problem.
And, the central problem is very bad decision-making by management. Bad decisions on products is the key one. And spending untold tens of millions on lobbying Congress NOT to raise the CAFE standards, while producing boatloads of cars that get less than 20 MPG!!
The government bailout a UNION bailout?? Come on, man, that's just a bit over the top.
And, this horse (i.e., "I hate unions subject") is pretty dead anyway, no?![]()
You're correct about it being truncated....there are 3 legs to the stool on which the Big Three are balancing....union, stupid management, wrong vehicles.vagt6 said:tony barnhill said:...& my thread was a way of explaining that any government bailout is a union bailout, not a bailout of the Big Three! But, the UAW president has said the UAW will make no concessions; that its not his union's fault - its the economy!
I hate to say it, Tony, but that's an awfully truncated view of the financial problems that are facing the big 3 automakers. Pay and benefits are part of the equation, but by no means the central problem.
And, the central problem is very bad decision-making by management. Bad decisions on products is the key one. And spending untold tens of millions on lobbying Congress NOT to raise the CAFE standards, while producing boatloads of cars that get less than 20 MPG!!
The government bailout a UNION bailout?? Come on, man, that's just a bit over the top.
And, this horse (i.e., "I hate unions subject") is pretty dead anyway, no?![]()