The Bagfather
Senior
GF What I here is that the Big three are so important has a lot to do
with the global economy. Mainly all the world wide supliers that would be
affected. I'm assuming that a breakdown in Detroit would be far more
detrimental to the global economy that a breakdown it the US airline
industry. Of coarse I could be wrong.
I heard one I idea which I thought was interesting and that was to let
the auto industry fail but supply big time unemployment benifits to
the workers including job training for a more realistic career.
IMO what detroit need to to is to decide amongst themselves what type
of vehicles to produced base on what they think is best for the US. Far
too long what they produced has been based on somesort of transient
romantic idea of what a vehicle should make someone feel like when
he drives down the street. Or in other words a heavily imaged based product.
More back to the topic. I just heard today some newsguy complaining
about the affect of absenteeism on the auto industry. He said that
20% of the cost went for that. And that in CA there was a no fault
system in place. Well fine. I don't have any problem with a no fault
system but IMO it has to be negotiated. Can anyone imaging Detroit
even mentioning a no fault system without out a serious backlash from the
IAW. In the end The IAW, if the bailout goes thru will have to make some
compromises.
I personnally will be dissapoint when this thing all shakes out. I think
we'll be stuck with a modified version which will further weaken our
position going into 2011.
Note to freedom: It looks like I was wrong about the affects we
would feel from inflation. Now there talking about deflation. Now
a fixed income is good and those measley 2% raises will mean something.
So congratulations and go get some of that $1.75 gas and take a trip.
Or maybe you should wait until it gets below $1.50. It's also time
to start piling money into that 401K. Or buy a house if you
dont already own 2 or 3.
Thanks BF
with the global economy. Mainly all the world wide supliers that would be
affected. I'm assuming that a breakdown in Detroit would be far more
detrimental to the global economy that a breakdown it the US airline
industry. Of coarse I could be wrong.
I heard one I idea which I thought was interesting and that was to let
the auto industry fail but supply big time unemployment benifits to
the workers including job training for a more realistic career.
IMO what detroit need to to is to decide amongst themselves what type
of vehicles to produced base on what they think is best for the US. Far
too long what they produced has been based on somesort of transient
romantic idea of what a vehicle should make someone feel like when
he drives down the street. Or in other words a heavily imaged based product.
More back to the topic. I just heard today some newsguy complaining
about the affect of absenteeism on the auto industry. He said that
20% of the cost went for that. And that in CA there was a no fault
system in place. Well fine. I don't have any problem with a no fault
system but IMO it has to be negotiated. Can anyone imaging Detroit
even mentioning a no fault system without out a serious backlash from the
IAW. In the end The IAW, if the bailout goes thru will have to make some
compromises.
I personnally will be dissapoint when this thing all shakes out. I think
we'll be stuck with a modified version which will further weaken our
position going into 2011.
Note to freedom: It looks like I was wrong about the affects we
would feel from inflation. Now there talking about deflation. Now
a fixed income is good and those measley 2% raises will mean something.
So congratulations and go get some of that $1.75 gas and take a trip.
Or maybe you should wait until it gets below $1.50. It's also time
to start piling money into that 401K. Or buy a house if you
dont already own 2 or 3.
Thanks BF