Comments on: GM Reportedly Planning to File For Bankruptcy on June 1

By: Twitch

Twitch — Sat, 30 May 2009 04:12:55 +0000

Open-Mind has it right.
I’m a laborer (assembly) for a plant that is the main supplier of brake corners for GM vehicles (and only GM vehicles). The UAW has done little more than give our benefits away, kicking out workers and spreading thin the small amount of us they have left. 13 of our 15 suppliers are going to shut down for 9 weeks (supposedly). Meaning 90% of our work is going to be gone.

As usual, 9 weeks will turn into 12, 16, and so forth.

I should have took the fucking buyout :/

By: Preseli

Preseli — Sat, 30 May 2009 02:22:39 +0000

ThombDBhomb Says:
May 29th, 2009 at 9:25 am

Is the goal socialism? I honestly don’t think so.
______________________________________________

I don’t think so either.

If the goal were socialism, we would be taking money from wealthy bankers and stock holders and redistributing that wealth to the American public. Instead, we are taking money from the American public, and redistributing it to wealthy stockholders, bankers, etc., who happen to also be significant campaign contributors to Christopher Dodd, Barack Obama, Harry Reid, etc.

I think the *goal* is a merger of State and Corporate interests, Thomb, pretty much as you describe:

“Are we so partisan that we think one side must dominate the other? Do we need complete free market? Do we need communism? I think we need symbiosis. The goal should be a prosperous US. Prosperity means businesses succeeding, workers earning decent wages, and investors making a decent return.”

Who cares what we have — as long as the State mandates it, we’ll all be prosperous, right?

By: Thomas Gilling

Thomas Gilling — Fri, 29 May 2009 23:16:42 +0000

ONE HUNDRED AND ONE!!!!

By: Podria GM declararse en bancarrota el 1 de Junio

Podria GM declararse en bancarrota el 1 de Junio — Fri, 29 May 2009 22:46:35 +0000

[...] cuentan en gm-volt.com , La posición financiera de GM ha ido disminuyendo desde hace años a pesar de todos los esfuerzos [...]

By: Open-Mind

Open-Mind — Fri, 29 May 2009 22:46:10 +0000

Folks seem to be confusing the UAW organization with the GM factory workers who are (supposedly) represented by the UAW. The UAW workers are mostly a valuable asset to Detroit. The UAW organization is a horrible cancer that has been eating away Detroit for years. And bankruptcy could have been like chemo to kill that cancer.

Fortunately our wonderful President is pulling all the strings he can to protect the UAW cancer. The GM bond holders are screwed, and the GM stock holders are super-screwed. But the good old UAW cancer will emerge from this as strong as an ox. Thank you President Obama for screwing everyone except your UAW buddies who got you elected.