December 20, 2010
Here’s a message from esteemed member pHiLL_uP
I’m too lazy to start a new topic even though I should. If admin could move it very easily that would be great. If not we can still see it here. I found this from one thing leading to another, you know how the INTERNET will take you places.
“The unions are not killing GM….THEY KILLED THEM!!! That is why we need to let this company fail – to break the union. There are a lot of hard working Americans out there that don’t draw 1/10th the benefits these schmucks get. All the UAW ever did was extort money out of GM. I think this breakdown in our economy is going to bring sweeping changes to the powers the union possess going forward.”
What an ignorant statement do you agree? I doubt very seriously that the price of an automobile is going to cost significantly less by getting rid of the unions. What about the CEO that got a golden parachute as he was fired? Hey… Wagoner got the boot when the morons who run the banks and insurance companies feeding at the government trough are still standing. Citi and Bank of America have each received $45 billion, for example, and the AIG black hole has sucked more than $180 billion out of Uncle Sam. What gives? It really ticks me off when some imbecile has all the answers to life’s problems by busting unions.
Then there was this one.
“Per the UAW’s website based on 2007 figures:
GM has 270,000 retirees pulling a pension.
The average pension is $36,240 a year.
GM’s medical costs for these former employees is 4.42 billion a year.
Therefore GM spends (with administrative costs) between 14 and 15 billion a year on something that ads no value whatsoever to their products or the company.
GM now sells around 7-8 million annually worldwide.
Therefore $1,700-2,000 per vehicle goes to pay for past labor. Labor that doesn’t benefit the current company at all. This is the reason GM cannot prevail.
Please note that I recognize the hard work of those retirees years ago, I’m just pointing out what an astronomical expense and liability they currently represent to the company.”
I wonder how much the advertising costs for these vehicles during the super-bowl? How much money does a CEO need to make to get by? Why dont they offer 0% financing? No one is complaining about a high interest rate. Lets not forget about the politicians that are drawing health-care that “WE” are paying for. There may be a “little” truth to what these numskulls are saying and the UAW does need changes but squashing the working guy is not the answer.

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