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Thread
:
Auto Bailout!
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12-13-2008, 01:26 AM
theohiostateguy
U and ur friends r dead.
Join Date: Nov 2008
Location: Michigan
Posts: 956
Quote:
Originally Posted by
generalhawk
one small problem, none of the current CEO's have the intelligence of Iacocca. There is plenty of blame to go around from the CEO's to the UAW. The uaw's did their job to get the best contracts they could but at the same time they are helping to make the big three go out of business. I have family members that work for the car companies and are card carrying members of the UAW. I also recognize that the problem from the big three go all the way from top to bottom. They simply cant compete with other car manufacturers who dont have to put up with certain aspects of the UAW. Concessions have to be made Iacocca was a genius at what he did PLUS he didnt get the bailout that the current heads want. He built back Chrysler. I dont think that the problem is only the uaw by any means however i feel they have some blame in this. I also dont want to see any jobs get cut. however i think most people understand radical changes MUST be made. Certain CEO;s need to go as well if they havent done their job, however thats up to the board of directors and stock holders not the government.
You are right about the CEO's needing to be removed, and Lee doesn't say that they shouldn't. They just shouldn't be removed right now.
They need oversight, they need new guidelines, and hopefully our government will be able to help them do that. Whether is Republican, Democrat, conservative or liberal......the time for blame is past, and we need to work forward to fix the problem.
Up until last year, I owned my own business as well. I was forced to close it because of the poor Michigan economy. Would I have liked a bailout? Certainly. Did I deserve a bailout? No, no one does.....if you can't cut it as a company, then you shouldn't be in business.
It's a vicious circle. If companies continue to close/downsize/outsource, then no one here will have jobs. If no one here has a job to make money, then no one will buy their products.
It's a symbiotic relationship. Neither side can prosper if one side can't keep up their end of the business bargain.
No one sees that far into the future because they are only concerned with the here and now. The "future" will soon be the "here and now". If a dummy like me can see that, why can't those directly involved with the crisis see it?
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