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#1
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Obama now owns GM
http://www.politico.com/news/stories/0309/20625.html
GM can't go chapter 11 now, Obama's buddies in the UAW must be protected, no matter the cost. |
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#2
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Obama now owns GM
About time. I don't care what talents Rick Wagoner may have. When his
company has so many problems, he has to go! Vito "WayneC" > wrote in message ... > http://www.politico.com/news/stories/0309/20625.html > > GM can't go chapter 11 now, Obama's buddies in the UAW > must be protected, no matter the cost. |
#3
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Obama now owns GM
"WayneC" > wrote in message ... > http://www.politico.com/news/stories/0309/20625.html > > GM can't go chapter 11 now, Obama's buddies in the UAW > must be protected, no matter the cost. Maybe you should read the article more closely. AJM '93 40th Anniversary coupe, 6 sp |
#4
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Obama now owns GM
"CardsFan" > wrote in message ... > > "WayneC" > wrote in message > ... >> http://www.politico.com/news/stories/0309/20625.html >> >> GM can't go chapter 11 now, Obama's buddies in the UAW >> must be protected, no matter the cost. > > Maybe you should read the article more closely. > > AJM > '93 40th Anniversary coupe, 6 sp > WHAT? That would just confuse him and vito with facts...... |
#5
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Obama now owns GM
Ever hear the song "too much too little too late"
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#6
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Obama now owns GM
Speaker of the Truth wrote:
> Ever hear the song "too much too little too late" > > Agree. Too little: Management of the SUV & truck wind-down made no sense -- all they had to do was follow in Ford's footsteps. (Note that Toyota didn't get this right either when they launched the Sequoia.) Too late: Wagoner has been a day-late and a dollar short for the last four years. His fate was finally sealed with the announcement that GM would lay off 3400 white collars in October 2009 as a part of their re-structuring. That must have ****ed-off Treasury and the White House, gangbusters. How laying them off in April 2009? -- pj |
#7
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Obama now owns GM
Speaker of the Truth wrote:
> Ever hear the song "too much too little too late" > > I'd argue that Wagoner was steadily doing the right things, but hampered (slowed & blocked) by pesky little things like union contracts & negotiations, local politics in every town affected by his proposed changes, green laws, etc, etc. The guy was a 31-year employee, not an outsider emotionally unaffected by the changes he attempted to make. When Obama gave Wagoner the choice of resigning or foregoing bailout money, he knew full well Wagoner would acquiesce, because Wagoner wouldn't sign GM's death warrant by refusing. In my opinion the wrong guy was fired... it should have been Gettlefinger, who openly refused to negotiate any concessions at all. If the changes begun by GM speed up now, it'll be because Obama screws the union and local politicians, something that Wagoner could not do without dooming GM. More likely, GM will now quickly go out of business or become a federal-run experiment in building expensive "green cars" which will require heavy subsidies by the taxpayer in order to sell to greenies. It's always seemed to be an axiom that republicans tend to buy GM cars, while democrats prefer Fords and Chryslers (if they didn't switch to Volkswagens or riceburners), so I'm not surprised that Obama went after GM. The fact that GM has lately been advertising heavily on the Limbaugh, Hannity, and Miller programs probably sealed Wagoners fate. Question is, what will Obama do to mollify the UAW as GM goes under? Or will the workers be so overjoyed at seeing management get screwed that they'll forget that they screwed themselves? GM was my first & favorite auto maker, I was never disappointed by one of their products (I owned at least 7 over my lifetime, including 4 Corvettes, plus another half-dozen cars powered by Chevy small blocks); how sad that it's come to this. |
#8
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Obama now owns GM
WayneC wrote:
> I'd argue that Wagoner was steadily doing the right things, I worked for IBM in the 90's when they were bleeding red ink and it looked like they were on the verge of collapse. John Akers, a long time IBM employee and executive was at the helm. He had to step down in order to bring about the change in the company necessary for survival. Like Wagoner, he was not just a part of the good old boy network in the company, he was the core of it. IBM brought in an outsider, and turned the company around. > become a federal-run experiment in building expensive "green cars" which will require heavy subsidies by > the taxpayer in order to sell to greenies. Toyota seems to be able to make good money selling the Prius at a premium. They are expanding the hybrid technology across their products. The Volt looks like it could be the base on which to build the next generation of GM cars. Combining performance, fuel efficiency, and clean operation should have been the goal twenty years ago. Better late than never. > It's always seemed to be an axiom that republicans tend to buy GM cars, > while democrats prefer Fords and Chryslers I'm a Democrat. I have driven GM cars almost exclusively for my entire life. My first car was a 1964 Impala. I currently own 3 GM vehicles. The Republicans that I know drive Lexus, Mercedes, or BMW. The ones with less money drive Toyota or Mazda. > GM was my first & favorite auto maker, I was never disappointed by one > of their products (I owned at least 7 over my lifetime, including 4 > Corvettes, plus another half-dozen cars powered by Chevy small blocks); > how sad that it's come to this. On this, we agree. But, I remember reading an article at least 10-15 years ago that forecast this exact set of events for GM. I didn't or more probably couldn't believe it at the time. |
#9
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Obama now owns GM
"WayneC" > wrote in message ... > Speaker of the Truth wrote: >> Ever hear the song "too much too little too late" >> >> > I'd argue that Wagoner was steadily doing the right things, but hampered > (slowed & blocked) by pesky little things like union contracts & > negotiations, local politics in every town affected by his proposed > changes, green laws, etc, etc. The guy was a 31-year employee, not an > outsider emotionally unaffected by the changes he attempted to make. The whole point is the corporation has to have someone with an entirely new agenda to survive, not someone who's sitting around pining for the good old days. The automotive world has radically changed and if it does not adapt, GM is dead. It would have been dead already without taxpayer help, so Mr. Wagoner was out of a job either way. > When Obama gave Wagoner the choice of resigning or foregoing bailout > money, he knew full well Wagoner would acquiesce, because Wagoner wouldn't > sign GM's death warrant by refusing. In my opinion the wrong guy was > fired... it should have been Gettlefinger, who openly refused to negotiate > any concessions at all. If the changes begun by GM speed up now, it'll be > because Obama screws the union and local politicians, something that > Wagoner could not do without dooming GM. No, GM was doomed without those changes. Mr. Wagoner didn't have the stomach for it. I can't blame him for that; these changes are radical and seemingly merciless, but in not reshaping GM over the course of his tenure he and his board brought it to where it is. > More likely, GM will now quickly go out of business or become a > federal-run experiment in building expensive "green cars" which will > require heavy subsidies by the taxpayer in order to sell to greenies. > > It's always seemed to be an axiom that republicans tend to buy GM cars, > while democrats prefer Fords and Chryslers (if they didn't switch to > Volkswagens or riceburners), so I'm not surprised that Obama went after > GM. This is ludicrous. My dad was as Democrat as you can get and he drove Chevys and Buicks all his life. If Ford were in the same financial boat as GM it would have gotten the same treatement, or worse, a la Chrysler. > The fact that GM has lately been advertising heavily on the Limbaugh, > Hannity, and Miller programs probably sealed Wagoners fate. Ridiculous. GM is advertising heavily practically everywhere. > Question is, what will Obama do to mollify the UAW as GM goes under? > Or will the workers be so overjoyed at seeing management get screwed that > they'll forget that they screwed themselves? Both white and blue collar have to sacrifice. So do retirees. There's no other way. > GM was my first & favorite auto maker, I was never disappointed by one of > their products (I owned at least 7 over my lifetime, including 4 > Corvettes, plus another half-dozen cars powered by Chevy small blocks); > how sad that it's come to this. Because of loyalty inherited from dad, I owned three Buicks, all of which had quite numerous mechanical, electrical, and body problems. I gave up on GM back in 1987 except, of course, for the 'Vette, which is a lifelong reclamation project, a labor of love both now and, fate and finances willing, in retirement. AJM '93 40th Anniversary coupe, 6 sp (both tops) |
#10
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Obama now owns GM
JimH wrote:
> I worked for IBM in the 90's when they were bleeding red ink and it > looked like they were on the verge of collapse. John Akers, a long time > IBM employee and executive was at the helm. He had to step down in order > to bring about the change in the company necessary for survival. Like > Wagoner, he was not just a part of the good old boy network in the > company, he was the core of it. IBM brought in an outsider, and turned > the company around. > I, too, worked for IBM at the time... I was among the 100k employees who were "downsized", depriving me of the 5 most lucrative years that determine retirement income. > I remember reading an article at least 10-15 > years ago that forecast this exact set of events for GM. I didn't or > more probably couldn't believe it at the time. I worked with a very astute senior IBM salesman in the early 70's who went to an extended seminar in Japan on quality issues; while there he toured the auto companies since he serviced the American auto industry. He was more than impressed by what he saw, he was alarmed! When he returned, he put together a lengthy presentation warning the American car companies of what was coming, telling them they needed to get their act together or go the way of the consumer electronics industry. He began a crusade to wake the industry to the coming threat, and gave numerous presentations to a spectrum of Detroit auto execs in the Big 3. I found his message compelling and his sincerity refreshing. He said his message was mostly met with a yawn; he finally got frustrated and left IBM to start his own computer leasing company. That was 35 years ago. |
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