[Faast Ed]

Just kidding.

Is it right for the government to bail out the Automakers, and not all the other businesses?

Granted: if the automakers die so do the steelmakers and all the smaller supporting industries. However, where do we draw the line?

Why don't the government just give everybody money to buy a new car? LOL That would save the auto industry!

Perhaps if the Auto execs didn't get paid so much?

 

[Faast Ed]

Obviously you guys have never flown commercial. Tell me this, what's it cost the company when there CEO is stuck in a plane on the tarmac for 8 hours? Hello, congress, can we reschedule for tomorrow, I'm stuck at the airport. Quit nit pickin'. Selling some planes and not paying the CEO a few million won't save the company. Get rid of the unions. Because of them $3000 per vehicle goes to pay for health benefits for former employees, and even their spouses. Give me a break!

Well, when I have an important place to be, I allow extra time (to make sure I get there on time). You allow for that chit.

But of course I ain't a multi -millionaire CEO. I'm just a responsible type of person.

 

[Faast Ed]

What ever happened to the days of saving for your future?

Those went away with "25% of your income pays the mortgage/rent". Lower utility and food costs.

 

[Faast Ed]

Nope...he has no right to bitch...you are doin' what you need to do (driving a 1/2 ton Chevy that's a year newer than my GMC) to prepare for your future.

Now if we could have gotten EVERYbody to do that, we could have wiped out the auto industry much sooner.

 

[Faast Ed]

He drives a new Ford truck, and I drive a 1997 Chevy 1/2 ton. 20 years from now when we are both retired does he have the right to bltch about how much he doesn't have?

I know people that pinched pennies all their lives and have nice nest eggs in their retirement. They are bitter about all of the the things they missed out on along the way.

Life is short, you gotta have some fun on the way because those last few years ain't the only ones that count.

 

[Faast Ed]

People have no money for cars. Feeding the auto industry billions of tax dollars will only be a temporary fix. What will that money do if cars ain't selling? What do they do, keep making cars then storing them somewhere (just to keep the workers busy)?

How can they stay in business when people can't afford cars.

Me thinks the bailout money needs to be focused elswhere. (Not sure where, but I don't see it doing us any good in the CEO's pockets).


Granted the Steel Mills and all supporting businesses are suffering (badly around here in NW Indiana), but I still don't see how giving the automakers money will help sell cars (that use this steel).
Seems to me it would help pay utilities and CEO's paychecks while the plants stand idle. Might as well give the Steel Mills their cut too!

Let's just give everybody some money. Merry Christmas! Ho Ho Ho!

 

[Faast Ed]

It's time for him to put up or shut up!

Presidential powers are limited.
Remember when Clinton first took office? He immediately said to let gays into the military. He was almost laughed out of office and then settled for "don't ask don't tell".
The point is, the Prez just can't walk into office and change everything with out the approval of many others.

Campaign promises serve only one purpose, to get one elected.
Kind of like the salesman of any product. "Buy me, not him".

 

[Faast Ed]

What a C.E.O. commands in salary is up to the CEO. If the market will bear it so be it.

The market is currently not "bearing" it. Hello?

When the company does well he should get it, when the company does poorly he should get a more realistic wage. (Not go crying to the Government for help instead).

 

[Faast Ed]

He will truly be a hero if he can pull it off!

 

[Faast Ed]

Last time I checked, CEOs were still getting paid. So, yeah, the market is bearing it.

No, it is not. They are operating in debt, and asking for handouts and threatening BK if they don't get it.

But I get your point. He wouldn't have took the job if they didn't offer him this package.
The market for CEO's dictates that. But guess what? Companies are failing left and right because of that. Me thinks the future will have some changes to the CEO pools. LOL

Look at Ford. They were losing money every year lately, even when the economy was good! But the bigshots all got paid, that was all that mattered. Profit didn't seem to be the objective, just keep the gravy train rolling, that's all.
Whatever happenned to making profit, and rolling that profit back into the company, or profit sharing with the folks that build the cars?

Biggest portion of the CEO's pay should be related to the companies profits.

but they can always get another CEO job if the MOCO fails.

Good chance the CEO's exit will be part of any bailouts.

 

[Faast Ed]

The company that I work for is closing one of it's locations, and moving the departments into some of their other locations. Tough economy requires cutting costs. (Good news for me because my location will be expanding - but I digress).

The company I work for is doing this WITHOUT givernment bailout money.

Why are the automakers asking for money????? BECAUSE THEY CAN! They know they are in a situation that they can cry to the givernment for help, so they are capitalizing on the excuse for low interest operating cash.

'nuff said.