Not Good, GM wants another 16 or is it 9 Billion to Survive.

[kylepo]

Originally Posted by irpq11

Ya but what did Fox say. JK

OK so they will 'tighten' the gap in hourly wage but the gap in the VEBA costs are greater than that.

Yeah that one the union is fighting a lot harder but I think GM will probably pay half of what it was originally thought and once that is paid. The Big 3 will be on a pretty much level playing field vs the transplants when it comes to labor costs.

[PQ]

What a freaking mess.

[PQ]

Gotta roll kylepo. This has kept me at the office. My wife left an hour ago and she's allready home and kinda pissed that I haven't left yet.

Glad we could be civilized. Later.

[Supermans]

Originally Posted by rmyers

You should be careful before you assume too much. You don't realize that I quit school in the 11th grade and got my GED. Was married at 16 with a baby on the way. Have remained married for 26 years and raised 3 boys through good and bad times. You don't realize that I lived and raised a family on 73 dollars per week. I was dirt poor and now I am not. I happen to own 2 business and provide employment for 10 employees. One of those companies is losing money on a monthly basis, but I have not laid anyone off, nor am I asking for a government bailout. Just because I have a Z06 doesn't mean I am wealthy. But I have what I have because I worked my ass off for the past 28 years. If you want such luxuries, then work your but off and when you earn it you can have it. For those people that are unemployed, and don't have a 6 month rainy day fun, well perhaps they should have educated themselves and put themselves in a situation to live more within their means. Don't you realize that this entire economic situation stemmed from people living beyone their means and buying homes they could not afford.

Bottom line, if you want something, then work for it. Don't go around seeking to get it from someone else. I suggest you read some history and you will find out that what our govnerment is doing now has NEVER worked, and it won't work this time. I challenge anyone to show me where it has worked.

Add to that the Government forcing Fannie and Freddie to give out those loans too.. So is politics to some degree going to be allowed to be discussed? I don't see how it can be avoided in this case..

[kylepo]

Originally Posted by irpq11

Gotta roll kylepo. This has kept me at the office. My wife left an hour ago and she's allready home and kinda pissed that I haven't left yet.

Glad we could be civilized. Later.

lol alright good discussion

[kylepo]

link to the 117 page report GM submited to the treasury. http://www.treasury.gov/initiatives/...turingPlan.pdf

I challenge the guy who called the plan half assed to read this report all 117 pages of it and say that comment again.

[UCF w00t]

Originally Posted by RT21

Once again...that is my point. Baby boomers/CEOs. Give me my 70mil bonus and I'll go away. GM doesn't work that way. The paper pushers do. AIG and Sally Mae, once they got the 700 billion bail out, gave their CEO/baby boomers...30 million dollar bonuses to stay. Do you think GM did that for their CEO? Do you think that AIGs CEO should get a bonus? See where I'm going here?

The whole point about the generational stuff was someone saying "our children and grandchildren are going to have to pay for it" and my response was that I AM on of those children/grandchildren and leaving GM out to dry and furthering this recession/depression/whatever would harm our generation greatly in the short term and the long term.

[Andro]

Hope this isn't a repost: http://finance.yahoo.com/news/GM-see...-14392724.html

[GrnMchin]

Originally Posted by UCF w00t

The whole point about the generational stuff was someone saying "our children and grandchildren are going to have to pay for it" and my response was that I AM on of those children/grandchildren and leaving GM out to dry and furthering this recession/depression/whatever would harm our generation greatly in the short term and the long term.

Right you are, but when do you say when I'm not sure? Just hoping the turn around is soon maybe a year or two.

[kdbolt70]

Originally Posted by Andro

Hope this isn't a repost: http://finance.yahoo.com/news/GM-see...-14392724.html

I just want to point out that the $30B is cumulative, including the $13.4 they've already received. They are asking for $16.6B more.

[RT21]

Originally Posted by UCF w00t

The whole point about the generational stuff was someone saying "our children and grandchildren are going to have to pay for it" and my response was that I AM on of those children/grandchildren and leaving GM out to dry and furthering this recession/depression/whatever would harm our generation greatly in the short term and the long term.

dude...I agree..again...you are that generation...I said that. You are going to have to pay for AIG, Fanny, etc...that's what pisses me off. GM is 1/67 of the problem. The paper pushers...insurance, loans... they are the ones to point fingers at. GM ... with thousands of workers.. real jobs.. are getting all the bad press, while the paper pushers CEOs are gettin 5mil+ in bonuses. Media is centered on the big 3 car CO, but what about the losers who got 700 billion?

PS...ESPN...read TMQ....just sayin...

[RT21]

Originally Posted by kdbolt70

I just want to point out that the $30B is cumulative, including the $13.4 they've already received. They are asking for $16.4B more.

Clown...need another excel spreadsheet? How close is 29.8 billion to 700 billion?

[Supermans]

Well, I haven't read the 117 page report filed by GM asking for the bailout. However I for one was one of the people who felt GM should have filed for Chapter 11 before the first bailout and everyone was giving the same reasons back then as they are today for why GM should get bailed out. I do understand the struggle with the retirees and workers losing their jobs. What should have been done before is GM filing for Chapter 11 and the Government helping out the retirees who need their retirement to stay alive and in their homes and for the Government to help the workers losing their jobs to find new ones. This would have allowed GM to cut the ties with the union and legacy costs while they could have worked on a restructuring without Government control....

[RT21]

Originally Posted by Supermans

Well, I haven't read the 117 page report filed by GM asking for the bailout. I for one was one of the people who felt GM should have filed for Chapter 11 before the first bailout and everyone was giving the same reasons back then as they are today for why GM should get bailed out. I do understand the struggle with the retirees and workers losing their jobs. What should have been done before is GM filing for Chapter 11 and the Government helping out the retirees who need their retirement to stay alive and in their homes and for the Government to help the workers losing their jobs to find new ones. This would have allowed GM to cut the ties with the union and legacy costs while they could have worked on a restructuring without Government control....

+1 reality strikes again! Thanx