If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
Thread Tools | Display Modes |
#1
|
|||
|
|||
Big 3 Bust Implications
You know - unintended consequences.
Lots of social/economy related stuff. But also much related to limiting competition. Possibilities: Toyota/Honda et all jack up prices. Toyota/Honda et all attempt to lower wages. UAW gets the vote at transplant sites. All kinds of interesting possibilities. Anybody care to speculate? --Vic |
Ads |
#2
|
|||
|
|||
Big 3 Bust Implications
On Dec 12, 7:42*pm, Vic Smith > wrote:
> You know - unintended consequences. > Lots of social/economy related stuff. > But also much related to limiting competition. > Possibilities: > Toyota/Honda et all jack up prices. > Toyota/Honda et all attempt to lower wages. > UAW gets the vote at transplant sites. > All kinds of interesting possibilities. > Anybody care to speculate? > > --Vic The Michigan 3 (they aren't the big 3 anymore - Toyota is bigger than GM worldwide; some call them the Detroit 3 - but they aren't all based in Detroit) will reorganize under bankruptcy protection just like the airlines did. UAW will be forced to eat consessions. |
#3
|
|||
|
|||
Big 3 Bust Implications
"Jeff" > wrote in message ... On Dec 12, 7:42 pm, Vic Smith > wrote: > You know - unintended consequences. > Lots of social/economy related stuff. > But also much related to limiting competition. > Possibilities: > Toyota/Honda et all jack up prices. > Toyota/Honda et all attempt to lower wages. > UAW gets the vote at transplant sites. > All kinds of interesting possibilities. > Anybody care to speculate? > > --Vic The Michigan 3 (they aren't the big 3 anymore - Toyota is bigger than GM worldwide; some call them the Detroit 3 - but they aren't all based in Detroit) will reorganize under bankruptcy protection just like the airlines did. UAW will be forced to eat consessions. ------- Adios to pensions of thousands. |
#4
|
|||
|
|||
Big 3 Bust Implications
On 13 Dec, 13:10, "L Alpert" > wrote:
> "Jeff" > wrote in message > > ... > On Dec 12, 7:42 pm, Vic Smith > wrote: > > > You know - unintended consequences. > > Lots of social/economy related stuff. > > But also much related to limiting competition. > > Possibilities: > > Toyota/Honda et all jack up prices. > > Toyota/Honda et all attempt to lower wages. > > UAW gets the vote at transplant sites. > > All kinds of interesting possibilities. > > Anybody care to speculate? > > > --Vic > > The Michigan 3 (they aren't the big 3 anymore - Toyota is bigger than > GM worldwide; some call them the Detroit 3 - but they aren't all based > in Detroit) will reorganize under bankruptcy protection just like the > airlines did. UAW will be forced to eat consessions. > ------- > > Adios to pensions of thousands. Adios tp big bonuses and lousy management. Hello to new technology and rebirth of progress |
#5
|
|||
|
|||
Big 3 Bust Implications
On Dec 13, 8:10*am, "L Alpert" > wrote:
> airlines did. UAW will be forced to eat consessions. > ------- > > Adios to pensions of thousands. A wet dream for all republicans, especially the johnny reb republicans. You guys won't be happy until everybody sports missing teeth and marries their cousin or bloodhound. Careful what you wish for. The economy of the south will be worse that the post-civil war economy. Once you bozos bust the UAW the auto workers in foreign non- union shops are going to plummet. |
#6
|
|||
|
|||
Big 3 Bust Implications
"L Alpert" > wrote
> Adios to pensions of thousands. Their pensions have long been guaranteed by the federal government. This is one of the reasons why a bailout was said to be cheaper. |
#7
|
|||
|
|||
Big 3 Bust Implications
On Dec 13, 9:41*am, "Elle" > wrote:
> "L Alpert" > wrote > > > Adios to pensions of thousands. > > Their pensions have long been guaranteed by the federal > government. This is one of the reasons why a bailout was > said to be cheaper. Actually, the pensions are only guaranteed to a certain limit, determined, in part, by their age at retirement In addition, the other retiree benefits, like health insurance, are not guarenteed. Jeff |
#8
|
|||
|
|||
Big 3 Bust Implications
"Jeff" > wrote
"Elle" > wrote: > "L Alpert" > wrote > > >> Adios to pensions of thousands. > >>Their pensions have long been guaranteed by the federal >>government. This is one of the reasons why a bailout was >>said to be cheaper. > Actually, the pensions are only guaranteed > to a certain limit, determined, in part, by > their age at retirement The details of what each Big 3 retiree blah blah would receive is so nuanced that I was only trying to convey that the cost will be huge. For elaboration on how much is guaranteed, see the wiki entry http://en.wikipedia.org/wiki/Pension...ty_Corporation > In addition, the other retiree benefits, like health > insurance, > are noguarenteed. Actually, if one is an eligible PBGC pension recipient, then one gets a sizable tax credit for their health insurance premium, again costing the taxpayer money. |
#9
|
|||
|
|||
Big 3 Bust Implications
Elle wrote: > Actually, if one is an eligible PBGC pension recipient, then > one gets a sizable tax credit for their health insurance > premium, again costing the taxpayer money. And what exactly is your point? "Costing the taxpayer money" blah blah blah. Why not go after corporate tax gamers/cheats based in Bermuda, Caymans, Dubai, et al? Sell anything to Honda today? Toyota? Oh, too bad... |
#10
|
|||
|
|||
Big 3 Bust Implications
On Sat, 13 Dec 2008 09:47:35 -0700, "Elle" >
wrote: >"Jeff" > wrote >"Elle" > wrote: >> "L Alpert" > wrote >> >> >> Adios to pensions of thousands. >> >>>Their pensions have long been guaranteed by the federal >>>government. This is one of the reasons why a bailout was >>>said to be cheaper. > >> Actually, the pensions are only guaranteed >> to a certain limit, determined, in part, by >> their age at retirement > >The details of what each Big 3 retiree blah blah would >receive is so nuanced that I was only trying to convey that >the cost will be huge. For elaboration on how much is >guaranteed, see the wiki entry >http://en.wikipedia.org/wiki/Pension...ty_Corporation > >> In addition, the other retiree benefits, like health >> insurance, >> are noguarenteed. > >Actually, if one is an eligible PBGC pension recipient, then >one gets a sizable tax credit for their health insurance >premium, again costing the taxpayer money. > It might surprise some that the gov will pick up the pensions, but there it is. Didn't know about the med tax credit. I've heard that the GM pension costs are or about to be severed from GM's books. Actual facts about financial details are hard to come by. Really think Corker has the best and most objective view of the details. It's my impression - and it's only an impression - that bankruptcy of any of the Big 3 will cost the taxpayer and economy many times more than the solution that has been proposed by Congress. But that doesn't matter if you hate GM or UAW. THEY HAVE TO DIE! DIE! DIE! heh heh --Vic |
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
jk, boom or bust? | Nathan W. Collier[_4_] | Jeep | 15 | February 5th 08 06:45 PM |
Repost - 2004 pictures: Walter P. Chrysler Bust & Quote from the Official Ceremony Creating the Dodge Division, 1928 (WPC Museum) N.jpg 128576 bytes | HEMI-Powered @ [email protected] | Auto Photos | 0 | March 22nd 07 05:39 AM |
Bust Clutch | Mark[_6_] | Audi | 2 | January 28th 07 09:37 PM |
CVA Anniversary weekend -- saturday a total bust | remco | VW air cooled | 0 | July 16th 05 10:20 PM |
hate to bust up the fascinating talk about gay cowboys, but.... | Ritz | Chrysler | 8 | November 20th 04 07:48 PM |