Originally Posted by MTLbroker

Once again, it's akin to hiring a management consultant to tell you how to run your business.

If you ask me, the solution IS deceptively simple. Make cars that people would want to buy.

In a recent NY Times op-ed piece, someone suggested that Steven Jobs should run GM for awhile as a national service. He'd make a car that people would want to buy. I thought to myself, "Geez, that's bloody insightful - imagine, an iCar!"

Originally Posted by Socket7

You seem to be lacking in knowledge of how government works.

The bailout was approved by the house, and the president approves of the bill.

The senate has not approved the bill, and (real, not neo) conservative republicans are having NONE of it, for the reasons I've stated above. One senator has promised to filibuster the bill, and I think hes a hero. He has support from other republicans too, and the public.

Now, lets address my job, since you bring it up, even though you don't know who i work for or what I do. My company has a huge cash reserve, meaning we can actually pay our own operating expenses. We have no debt, and we command major market share in just about every market we produce products for. We do OEM work for many major manufactures, and we are a global company that does sales in pretty much every continent in the world. Our supply chain is short and efficient, and we only produce enough product to satisfy demand. We have very little capitol locked up in unsold inventory, and last quarter we still saw growth in our company.

That said, we are letting people go. I watch the termination messages in my inbox pop up every couple of days. Sales, marketing, finance, IT, there are cuts everywhere. We aren't buying new hardware like we used to. The future is going to be difficult, but since we have competent management, our company is in no risk of going under. We make products people actually want at affordable prices. Personally, I'm not worried about headcount cuts in my department. Back when our company had 300 employees, we had 3 people supporting them all and we were understaffed. We now have something like 900 employees, we have 4 people. The company I work for is pretty much the antithesis of GM and Chrysler.



A Bailout cannot save GM or Chrysler. The companies are not viable in any sense of the word. They WILL go under regardless of the bailout, and if we're going to have to pay for the unemployment costs of all those people, I'd rather not have thrown 10 billion dollars down the toilet before doing so.

so yes. We should cheer GM and Chrysler going into chapter 11. It's the only way they can become viable again and compete in the market.

Furthermore, Do you realize that if they do go into chapter 11, not everyone gets laid off? Many companies continue to operate while in chapter 11, continue to make products and pay employees.

Originally Posted by limepro

http://news.yahoo.com/s/ap/20081212/...congress_autos

they are going down, its sad but needed the UAW screwed them over. it would have passed if the UAW had accepted pay cuts for their members instead of being over paid douche canoes.