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The Water Cooler
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The Truth about GM
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<blockquote data-quote="TerryMiller" data-source="post: 1874749" data-attributes="member: 7900"><p><span style="font-family: 'Georgia'"><span style="font-size: 12px">Well, since the original post was about Obama saying that GM was roaring back, I'll get back onto the original intent of this thread. GM is still "in debt" to the taxpayers for about $25 Billion dollars, and unless their stock really goes up, they will likely never pay it back. With the Chrysler bailout, there is about $2 Billion to $3 Billion that the taxpayers (excuse me....the treasury) will never get back.</span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px">I won't lay all the blame on companies and their "negotiating" skills because the unions have the ability to picket at the end of every contract and ask for more and more. And what other union will cross that picket line? So, the companies are at a disadvantage there and then tend to give in to union demands. After all, the stock and bondholders of the companies tend to want the companies to be working and building.</span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px">Lastly, if the unions are so great, how do you all feel about them donating millions of dollars into political campaign coffers (mostly for Democrats) instead of using those millions of dollars as benefits for the workers? Wouldn't those dollars be better spent into pension plans?</span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px">Oh, just for the record, the wife and I drive Ford trucks. We have an F150 daily driver and a F450 to tow our home/RV.</span></span></p></blockquote><p></p>
[QUOTE="TerryMiller, post: 1874749, member: 7900"] [FONT=Georgia][SIZE=3]Well, since the original post was about Obama saying that GM was roaring back, I'll get back onto the original intent of this thread. GM is still "in debt" to the taxpayers for about $25 Billion dollars, and unless their stock really goes up, they will likely never pay it back. With the Chrysler bailout, there is about $2 Billion to $3 Billion that the taxpayers (excuse me....the treasury) will never get back. I won't lay all the blame on companies and their "negotiating" skills because the unions have the ability to picket at the end of every contract and ask for more and more. And what other union will cross that picket line? So, the companies are at a disadvantage there and then tend to give in to union demands. After all, the stock and bondholders of the companies tend to want the companies to be working and building. Lastly, if the unions are so great, how do you all feel about them donating millions of dollars into political campaign coffers (mostly for Democrats) instead of using those millions of dollars as benefits for the workers? Wouldn't those dollars be better spent into pension plans? Oh, just for the record, the wife and I drive Ford trucks. We have an F150 daily driver and a F450 to tow our home/RV.[/SIZE][/FONT] [/QUOTE]
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