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(D) J. Hickenlooper*
(R) Somebody
80%
20%
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(D) Phil Weiser
(D) Joe Neguse
(D) Jena Griswold
60%
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Att. General
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(D) M. Dougherty
(D) Alexis King
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40%
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30%
Sec. of State
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(D) A. Gonzalez
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(R) Sheri Davis
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(D) Brianna Titone
(R) Kevin Grantham
(D) Jerry DiTullio
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CO-01 (Denver)
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(D) Diana DeGette*
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(R) Lauren Boebert*
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CO-05 (Colorado Springs)
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(R) Jeff Crank*
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(D) Jason Crow*
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(D) B. Pettersen*
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(R) Gabe Evans*
(D) Yadira Caraveo
(D) Joe Salazar
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State Senate Majority
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DEMOCRATS
REPUBLICANS
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State House Majority
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DEMOCRATS
REPUBLICANS
95%
5%
November 23, 2008 05:01 AM UTC
13 Comments
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http://www.laht.com/article.as…
If this story is true, anyone who votes to give GM a dime should be horsewhipped out of office! There is no excuse for our tax money to be used to shore up a corporations operations in a foreign land.
It would probably be better if you only had 1 each for yes/no.
let them file for bankruptcy and let the UAW go by the way of the dinosaurs.
Stop all the tremendously exorbinate retirement packages, glorious health benefits, and huge pay scales.
These add so much to the price of a car that there is no way GM, Ford, or Chrysler can compete with Jap shit. Yeah I said Jap shit. Or would it be politically correct to say Japanese dung?
The collective bargaining contract currently in place is unlikely to survive without modification.
Pay for current workers is not exhorbitant. But, the Big Three made commitments to laid off and retired workers that make it hard to restructure and are harder to keep than expected because market share has declined more than expected.
Essentially, the UAW made a bet (in hindsight an accurate one) that there would be lots of layoffs, and management made a bet (in hindsight an inaccurate one) that there would be not so many layoffs.
But, management’s bad negotiating skills are not limited to its dealings with the UAW. It cut over generous deals with lots of players that are coming back to bite them now.
from ABC News
Those private jets are only to be used by the global warming crowd! 🙂
bailouts only for Wall Street fat cats and not for blue collar workers, right.
So how exactly do your misfiring neurons lead you to conclude from my joking shot at the Global Warming crowd that I was:
1. For the Wall Street bailout, especially when I have posted against it here on these forums.
2. Against blue collar workers?
There are reasonable ways to do a bailout. For example, the U.S. government could offer debtor-in-possession financing during a bankruptcy, or equivalent funding out of bankruptcy.
The U.S. government could alternately consider options like assuming funding of the UAW retiree health fund in exchange for a claim against the companies for that amount, or facilitating a separate fund to back warranty obligations.
The U.S. could also either nationalize or facilitate employee ownership of the company or companies involved.
On the other hand, simply providing loans or injecting equity investment probably would be unhelpful, as the companies would simply burn through the money and be back no better off than they were before.
The basic problem is that the companies are overcommitted. They owe more under multiple contracts with labor and dealers and bondholders and others than they are capable of honoring with a declining market share.
Their present management is incompetent. The same people are not going to deliver different results.
This is a diffcult case.
Truly the executives produced cars(SUVs) that the neocons actually promoted through tax cuts.
The neocons show their true loyalty (which is zero) and abandon the execs when the products fail.
The products fail due to low gas mileage fought for by both car companies and oil companies which both prospered under neocon proto-fascism.
A BK helps only the upper mgmt and destroys the UAW.
So if the execs are punished, then the union suffers.
I know that 3 million people can’
t be laid off just for XMAS without riots in Michigan.
Chapter 11 could keep workers working, but it takes money to finance.
and we taxpayers can make a profit on the deal too. But only if we replace most of the upper management. We need people who will change the direction of the company.
was replaced by a successful company’s? Just one person from some major corporations. For instance, evil Wal-Mart, those guys know how to stay profitable (just an example, don’t need examples of how they’re evil). Promoting from within the industry isn’t going to work, CEOs have to come from somewhere. Get a list of the thirty most profitable companies and get a loaner from each, there’s your management.