The White House FIRED GM'S CEO.
03-31-2009, 10:24 AM
#21
On The Tree
Join Date: Nov 2008
Location: PA and NJ
Posts: 132
Likes: 0
Received 0 Likes
on
0 Posts
Legacy costs are a huge problem, the biggest one is Unions, period. Why?
1. They created a wacko requirement for healthcare and pensions, which makes up over 30% of the cost of US cars.
2. They drove wages above market value, hourly rates at UAW are over 50% higher for US than Jap manfs.
Combine this with the fact that the US made absolute **** cars (as a whole) for about 2 decades, and you get the point (hopefully). Who wants an inferior product?
Only since about 2005 have US cars been competitive overall, often better, than their foreign counterparts. Imagine providing better cars for 25% less than now and where would GM be...?
Who needs a bailout?
Toyota who?
Unions are outdated appendages that have metastizized into a cancer which is threatening to kill American cars. Anytime you're against secret ballots, that speaks VOLUMES about your motivation and corruption level. Can't rely on merit, have to bully. Unions helped the worker once upon a time, now they simply enslave those who don't want to think for themselves and are colluding with corrupt politicians to strangle productive business.
This is not a simple equation by any stretch but Unions are at the top of the list of those to blame. Let's not even talk about EPA, CAFE, fair trade or currency risk in this equation. I am amazed GM survived this long.
1. They created a wacko requirement for healthcare and pensions, which makes up over 30% of the cost of US cars.
2. They drove wages above market value, hourly rates at UAW are over 50% higher for US than Jap manfs.
Combine this with the fact that the US made absolute **** cars (as a whole) for about 2 decades, and you get the point (hopefully). Who wants an inferior product?
Only since about 2005 have US cars been competitive overall, often better, than their foreign counterparts. Imagine providing better cars for 25% less than now and where would GM be...?
Who needs a bailout?
Toyota who?
Unions are outdated appendages that have metastizized into a cancer which is threatening to kill American cars. Anytime you're against secret ballots, that speaks VOLUMES about your motivation and corruption level. Can't rely on merit, have to bully. Unions helped the worker once upon a time, now they simply enslave those who don't want to think for themselves and are colluding with corrupt politicians to strangle productive business.
This is not a simple equation by any stretch but Unions are at the top of the list of those to blame. Let's not even talk about EPA, CAFE, fair trade or currency risk in this equation. I am amazed GM survived this long.
The current economy expedited to what was inevitable to ocurr for the Big-Three if they didn't shape up. For years these three companies were making crap cars which forced consumers to look at Asian manufacturers. This practice cannot last forever and eventually the bottom will drop out. The current economy made the fall occur much earlier and quicker thanks to the mess the banks created over the last 20 years. Keep in mind, the Asian manufacturers make cars here in the U.S. and do not suffer the problems the domestics are having. Hint: UAW. I believe the union suffocated the Big-Three from their over-the-top salaries and benefits. This high cost caused the Big-Three to cheap out on parts & service to remain competitive and their quality suffered. Unions were needed years ago to protect the worker from overbearing factories but now there are government facilities for protection a union is no longer needed. It's amazing the Big-Three can make what they offer and still be [somewhat] competitive. I can't imagine how they would perform against the foreign companies if the unions were not in power. The Big-Three would crush them.
Now the Big-Three have a "rich Uncle" that may/will bail them out but they will never survive with the UAW leech sucking them dry. I hope the Big-Three come out of this. Nothing bores me to death more that what the Asian car companies have to offer.
A big fear has come to life and it should be a concern for everyone. Wagoner was pressured to leave GM by the government. Now you have the government telling you how to run (hire & fire) your business. What happened to a free market? What is next? They tell you what you should drive? What color? (search Californial banning black/dark painted cars) WTH does the government know about making cars?? Seriously, look deeper into the issues at hand and not what they look like on the surface. This ousting just opens the door to where government will control our everyday lives.
03-31-2009, 10:37 AM
#23
TECH Fanatic
iTrader: (1)
Join Date: Jan 2005
Location: In Front of You/Broward County, FL
Posts: 1,392
Likes: 0
Received 0 Likes
on
0 Posts
A big fear has come to life and it should be a concern for everyone. Wagoner was pressured to leave GM by the government. Now you have the government telling you how to run (hire & fire) your business. What happened to a free market? What is next? They tell you what you should drive? What color? (search Californial banning black/dark painted cars) WTH does the government know about making cars?? Seriously, look deeper into the issues at hand and not what they look like on the surface. This ousting just opens the door to where government will control our everyday lives.
BTW, I did read about the car color issue in California, UNBELIEVEABLE, the next thing we may see is a regulator in cars to limit the number of hours you can run the A/C each month,,,
03-31-2009, 10:37 AM
#24
I agree it is to hard to chip away with some people but ill just rant a bit since this is a sore topic.
Am i dreaming this or did you guys say that the overseas(japan,etc) have a strong car industry. Isn't true that they recorded a bigger lose in sales this past year then GM?
Whoever said that GM makes unreliable cars go to hell. Yes they may have made a few out of millions that just planned suck but give me a break. Japs make the throw away car which in this economy won't get ya far.
If you guys can sit there and compare japs wages to US wages then you really do have no clue.
Lastly, if the big 3 do fold it won't just affect the workers of those company's. It will affect the millions of retired auto workers as well. Which means we all get BONED IN THE ***.
**** rolls DOWN hill, END RANT
Am i dreaming this or did you guys say that the overseas(japan,etc) have a strong car industry. Isn't true that they recorded a bigger lose in sales this past year then GM?
Whoever said that GM makes unreliable cars go to hell. Yes they may have made a few out of millions that just planned suck but give me a break. Japs make the throw away car which in this economy won't get ya far.
If you guys can sit there and compare japs wages to US wages then you really do have no clue.
Lastly, if the big 3 do fold it won't just affect the workers of those company's. It will affect the millions of retired auto workers as well. Which means we all get BONED IN THE ***.
**** rolls DOWN hill, END RANT
03-31-2009, 11:00 AM
#25
On The Tree
Join Date: Nov 2008
Location: PA and NJ
Posts: 132
Likes: 0
Received 0 Likes
on
0 Posts
Kind of makes you wonder why the Big-Three never stood their ground in the past to not let this happen in the first place!
03-31-2009, 11:07 AM
#26
TECH Regular
Join Date: Mar 2008
Location: Motor City
Posts: 404
Likes: 0
Received 0 Likes
on
0 Posts
Toyota who is also struggling is praying that GM doesn't go down. When that happens additional suppliers close shop causing big problems for the remaining car companies. Less suppliers means higher prices, less output. All you GM haters & Jap lovin cars better think twice.
And the whole lack of quality comments from the US car companies is bullshit. I'm sick of this crap. It's an old argument that doesn't hold up today.
And the whole lack of quality comments from the US car companies is bullshit. I'm sick of this crap. It's an old argument that doesn't hold up today.
03-31-2009, 01:01 PM
#27
Launching!
Join Date: Feb 2006
Location: OHIO
Posts: 213
Likes: 0
Received 0 Likes
on
0 Posts
Toyota was last amoung Japanese car makers in Japan last month. I think just about all Asian car makers have gone to their government for financial assistance if not at least lending assistants to help people get back into buying easier.
I'd like to see some numbers and the source of those numbers.
A few????! I disagree. I'll see you in hell.
Read and comprehend. We were talking about wages in the US. Toyota & Honda which are Japanese companies operating in the U.S. We are not talking about wages in Japan.
Kind of makes you wonder why the Big-Three never stood their ground in the past to not let this happen in the first place!
A few????! I disagree. I'll see you in hell.
Read and comprehend. We were talking about wages in the US. Toyota & Honda which are Japanese companies operating in the U.S. We are not talking about wages in Japan.
Kind of makes you wonder why the Big-Three never stood their ground in the past to not let this happen in the first place!
03-31-2009, 01:04 PM
#28
TECH Resident
Why is that? A government taking over the largest industries in the Nation and calling the shots with deadlines and ultimatums.
Please explain in more detail how i am an *** for stating my opinion about it on a car forum?? LOL
A big fear has come to life and it should be a concern for everyone. Wagoner was pressured to leave GM by the government. Now you have the government telling you how to run (hire & fire) your business. What happened to a free market? What is next? They tell you what you should drive? What color? (search Californial banning black/dark painted cars) WTH does the government know about making cars?? Seriously, look deeper into the issues at hand and not what they look like on the surface. This ousting just opens the door to where government will control our everyday lives.
And it only took No-BAMA two months to achieve partial control over them LOL that is scary
Please explain in more detail how i am an *** for stating my opinion about it on a car forum?? LOL
A big fear has come to life and it should be a concern for everyone. Wagoner was pressured to leave GM by the government. Now you have the government telling you how to run (hire & fire) your business. What happened to a free market? What is next? They tell you what you should drive? What color? (search Californial banning black/dark painted cars) WTH does the government know about making cars?? Seriously, look deeper into the issues at hand and not what they look like on the surface. This ousting just opens the door to where government will control our everyday lives.
And it only took No-BAMA two months to achieve partial control over them LOL that is scary
03-31-2009, 01:11 PM
#29
TECH Fanatic
iTrader: (1)
Join Date: Jan 2005
Location: In Front of You/Broward County, FL
Posts: 1,392
Likes: 0
Received 0 Likes
on
0 Posts
BTW, I have purchased 3 new GM and 5 new Ford (SUVs) vehicles in the past 12 years, totalling approximately $320K, so I am not part of the problem
!!!
!!!
03-31-2009, 01:28 PM
#30
TECH Resident
03-31-2009, 02:01 PM
#31
TECH Regular
Join Date: Mar 2008
Location: Motor City
Posts: 404
Likes: 0
Received 0 Likes
on
0 Posts
"The automaker has already said it wants to sell its Saab and Hummer divisions and phase out Saturn. After Obama’s call for GM to implement deeper restricting measures, Buick, Pontiac and GMC are likely to go too, said IHS Global Insight’s Wolkonowicz. That would leave the automaker with just two core U.S. operations: Chevy and Cadillac."
Chevy and Cadillac...wtf Obama. You guys that voted for Obama wanted change. Well it's coming.
http://www.msnbc.msn.com/id/29972325//
Chevy and Cadillac...wtf Obama. You guys that voted for Obama wanted change. Well it's coming.
http://www.msnbc.msn.com/id/29972325//
Last edited by JD03Cobra; 03-31-2009 at 02:13 PM.
03-31-2009, 02:57 PM
#32
Staging Lane
Join Date: Feb 2009
Posts: 52
Likes: 0
Received 0 Likes
on
0 Posts
03-31-2009, 02:59 PM
#33
TECH Fanatic
iTrader: (1)
Join Date: Jan 2005
Location: In Front of You/Broward County, FL
Posts: 1,392
Likes: 0
Received 0 Likes
on
0 Posts
Total Fascism if you accept Gov money, then again, the choice is yours:
http://www.washingtonexaminer.com/po...-42158597.html
http://www.washingtonexaminer.com/po...-42158597.html
03-31-2009, 03:12 PM
#34
Staging Lane
Join Date: Feb 2009
Posts: 52
Likes: 0
Received 0 Likes
on
0 Posts
One of the biggest problems that has been for many years is the govt gettin in the way and dictating cafe standards, gas guzzler tax's, and cars consumers dont want. What do you think is gonna happen now...
03-31-2009, 03:17 PM
#35
TECH Enthusiast
iTrader: (2)
Join Date: Jan 2009
Location: Texas
Posts: 626
Likes: 0
Received 0 Likes
on
0 Posts
[QUOTE=onebadcad;11341178]DEAD F'ING ON DUDE-YOU NAILED IT!!!!!!!!
GM is begging the Government to help, therefore they have to adhere to their rules, sounds crappy, but they have no other choices.
Unions, 'only good for those that belong to them', not needed today as we have great Labor Laws, and about a bizillion attorneys to help you if laws are not adhered to. The UAW, NEA, et al,,, are jokes, feeding the coffers of the Liberal Politicians, influencing their members to vote at a more than 90% majority for the Lib Politicians. Teachers will not suffer the same percentage of job loss as all other industries during our recession, as they are protected, not sure why, as 30 kids in a classroom worked fine when I was in school. So why does the NEA exist, for better work conditions and wages, you are an idiot to believe that, here's why. "ALL TEACHERS WORK FOR THE GOVERNMENT, NO NEED TO HAVE A UNION REPRESENT YOU". Oh, and the union arguement for better wages, this is America, if you do not like the wage your employer is paying, update your resume and move on!!
The UAW is toast, good f'ing riddance, they always want more, what have their concessions been the last 3 years????
The POTUS and his Congress are pushing for more unions, why???--SIMPLE, THEY WANT MORE POLITICAL ALLIES, WHAT A F'ING JOKE, THE MAFIA HAS MORE SCRUPLES!!!!!!!!!!!!!!!!!!
Again, Unions work only for its members, but even more so for its management,,,
OH, btw, The POTUS and Congress will do everything they can to save The Big Three and create more unions, as they like their do-nothing jobs, and they cannot afford to lose the vote in MI, PA, OH, IN, etc,,, in 2012.
,,, and not that I will be asked, but not one more penny of my hard-earned tax dollars should be utilized to preserve the over-paid salaries of the under-performing workers in failed American industries,,, let them die off!!![/QUOTE]
I love your last sentence. There are far too many labor laws that stand within our Government as of right now. It is too easy for an individual to do minimum work and get paid just as much if not more than the hard working John trying to make an extra buck to put just a little more food on the table, or to seal that leaking roof up. My biggest concern with today's economy is that Obama is going to turn this country Socialist. Why should half of America's hard working people pay for and receive the same health care as the welfare couple that has no out of pocket? Save the auto industry and start attacking the oil companies and the banks who put us in this mess. Variable rate interest loans.... want your money from the home owner, put his interest rate back where it was when he was making a payment every month. Don't keep it 3-4% higher where it doubles his mortgage payment and you have to forclose on 2+ million homes!
GM is begging the Government to help, therefore they have to adhere to their rules, sounds crappy, but they have no other choices.
Unions, 'only good for those that belong to them', not needed today as we have great Labor Laws, and about a bizillion attorneys to help you if laws are not adhered to. The UAW, NEA, et al,,, are jokes, feeding the coffers of the Liberal Politicians, influencing their members to vote at a more than 90% majority for the Lib Politicians. Teachers will not suffer the same percentage of job loss as all other industries during our recession, as they are protected, not sure why, as 30 kids in a classroom worked fine when I was in school. So why does the NEA exist, for better work conditions and wages, you are an idiot to believe that, here's why. "ALL TEACHERS WORK FOR THE GOVERNMENT, NO NEED TO HAVE A UNION REPRESENT YOU". Oh, and the union arguement for better wages, this is America, if you do not like the wage your employer is paying, update your resume and move on!!
The UAW is toast, good f'ing riddance, they always want more, what have their concessions been the last 3 years????
The POTUS and his Congress are pushing for more unions, why???--SIMPLE, THEY WANT MORE POLITICAL ALLIES, WHAT A F'ING JOKE, THE MAFIA HAS MORE SCRUPLES!!!!!!!!!!!!!!!!!!
Again, Unions work only for its members, but even more so for its management,,,
OH, btw, The POTUS and Congress will do everything they can to save The Big Three and create more unions, as they like their do-nothing jobs, and they cannot afford to lose the vote in MI, PA, OH, IN, etc,,, in 2012.
,,, and not that I will be asked, but not one more penny of my hard-earned tax dollars should be utilized to preserve the over-paid salaries of the under-performing workers in failed American industries,,, let them die off!!![/QUOTE]
I love your last sentence. There are far too many labor laws that stand within our Government as of right now. It is too easy for an individual to do minimum work and get paid just as much if not more than the hard working John trying to make an extra buck to put just a little more food on the table, or to seal that leaking roof up. My biggest concern with today's economy is that Obama is going to turn this country Socialist. Why should half of America's hard working people pay for and receive the same health care as the welfare couple that has no out of pocket? Save the auto industry and start attacking the oil companies and the banks who put us in this mess. Variable rate interest loans.... want your money from the home owner, put his interest rate back where it was when he was making a payment every month. Don't keep it 3-4% higher where it doubles his mortgage payment and you have to forclose on 2+ million homes!
03-31-2009, 03:21 PM
#36
TECH Fanatic
iTrader: (1)
Join Date: Jan 2005
Location: In Front of You/Broward County, FL
Posts: 1,392
Likes: 0
Received 0 Likes
on
0 Posts
This signature makes me cringe, as who is spewing this illogical rhetoric:
Anti-Union=Anti-America
the south is in bed with foriegn autos! TRADERS!
First of all, ask any business owner if unions benefit him, the answer will be no, and forcing unions upon business owners is a strategy that will backfire, but if successful could be construed as akin to hostage taking/exhortion. I am anti-union, I am an American, I am a business owner, my employees, all 10 of them receive the benefits comparable to a Fortune 1000 company---why am I a bad guy?!?!?
The second part, I think you mean Hyundai and Nissan, they came here determined to provide jobs and benefit from the hard-working ethic of Americans, and choose not to enlist the help of the UAW. Seems like it works well for them, and as a matter of fact, their respective states welcomed them with tax breaks in order to provide jobs, at a very good rate when compared to other jobs in their area.
Lastly, if you are pro-union, you are probably not a fan of outsourcing, which is being greatly leveraged by The Big Three, facilitated by NAFTA. Outsourcing works because labor costs are too prohibitive here, without it The Big Three and most manufacturers could not be competitive regarding price. I know a few staunch haters of outsourcing, but try this one on, if Dell computers were only made here, and other countries adopted our 'Nationalistic' policy, they would have no global consumers, which would render them bankrupt. You cannot have it both ways, just as you cannot cling to the union mentality, times are changing, the U.S. is more global than ever, and competition does not allow us to carry unecessary costs.
BTW, Toyota America builds cars in the U.S. with parts supplied by American companies, pays American labor to build them, sells them at American dealerships with commissions paid to American salespeople, and the cars are maintained and repaired by American technicians. Also, TOYOF has paid a nice dividend to American shareholders while preserving a much higher precentage of its share price over the last five years than the Americans who have invested in The Big Three. One can easily argue, and win, that Toyota has done much more for Americans than The Big Three have done in the recent past. Sure hope the $50+B we will give The Big Three in loans do not end up in the taxpayers' loss column,,,
Anti-Union=Anti-America
the south is in bed with foriegn autos! TRADERS!
First of all, ask any business owner if unions benefit him, the answer will be no, and forcing unions upon business owners is a strategy that will backfire, but if successful could be construed as akin to hostage taking/exhortion. I am anti-union, I am an American, I am a business owner, my employees, all 10 of them receive the benefits comparable to a Fortune 1000 company---why am I a bad guy?!?!?
The second part, I think you mean Hyundai and Nissan, they came here determined to provide jobs and benefit from the hard-working ethic of Americans, and choose not to enlist the help of the UAW. Seems like it works well for them, and as a matter of fact, their respective states welcomed them with tax breaks in order to provide jobs, at a very good rate when compared to other jobs in their area.
Lastly, if you are pro-union, you are probably not a fan of outsourcing, which is being greatly leveraged by The Big Three, facilitated by NAFTA. Outsourcing works because labor costs are too prohibitive here, without it The Big Three and most manufacturers could not be competitive regarding price. I know a few staunch haters of outsourcing, but try this one on, if Dell computers were only made here, and other countries adopted our 'Nationalistic' policy, they would have no global consumers, which would render them bankrupt. You cannot have it both ways, just as you cannot cling to the union mentality, times are changing, the U.S. is more global than ever, and competition does not allow us to carry unecessary costs.
BTW, Toyota America builds cars in the U.S. with parts supplied by American companies, pays American labor to build them, sells them at American dealerships with commissions paid to American salespeople, and the cars are maintained and repaired by American technicians. Also, TOYOF has paid a nice dividend to American shareholders while preserving a much higher precentage of its share price over the last five years than the Americans who have invested in The Big Three. One can easily argue, and win, that Toyota has done much more for Americans than The Big Three have done in the recent past. Sure hope the $50+B we will give The Big Three in loans do not end up in the taxpayers' loss column,,,
03-31-2009, 03:42 PM
#37
TECH Fanatic
iTrader: (1)
Join Date: Jan 2005
Location: In Front of You/Broward County, FL
Posts: 1,392
Likes: 0
Received 0 Likes
on
0 Posts
[QUOTE=-T-;11347133] I am in the mortgage industry, it sucks right now, has for the past 2.5 years- I have never committed fraud on a file, never misrepresented a borrower's ability to repay, never submitted a file for approval that was marginal, never approved a single loan, always maintained very high ethical standards in my 20+ years in the biz. I have to decide to stay in it, or move on, I do not blame anyone, it is the life I choose, the Gov has no money available to me, would not take it if available as I want to make my own decisions regarding the operation of my company. The Foreclsoure Assistance/Bailout is bullsh!t, here is my view:
1) DO NOT HELP OUT PEOPLE WHO HAVE REFINANCED FOUR OR FIVE TIMES IN THE PAST SEVEN YEARS AND TAKEN OUT EVERY LAST BIT OF EQUITY, AND NOW HAVE A PAYMENT THAT THEY DO NOT LIKE, OR CANNOT AFFORD BECAUSE THEY NOW HAVE TWO $600/MONTH CAR PAYMENTS
2) DO NOT HELP OUT PEOPLE WHO OVERPAID FOR A HOUSE DURING 'THE BOOM' AND NOW OWE MORE THAN THE HOUSE IS WORTH, THEY PROBABLY SOLD A HOUSE PRIOR TO BUYING THIS ONE, RECEIVED A TON OF MONEY FROM THE SALE, BLEW IT ON VACATIONS, FINANCED THE CURRENT HOME AT 100% AND THEIR BAD FINANCIAL MANAGEMENT HAS PUT THEM IN A BIND
3) DO NOT HELP PEOPLE WHO TOOK A NEGATIVE AMORTIZATION LOAN AND "DID NOT KNOW THAT MAKING A $600/MONTH ON A $200K LOAN DID NOT COVER THE INTEREST AND NOW THE BALANCE IS HIGHER THAN THE LOAN STARTED AT"---MORONS, IF YOU PAYOFF A $150K LOAN WITH A PAYMENT OF $1,200/MONTH AND GET A $200K LOAN WITH A PAYMENT OF $600/MONTH, SOMETHING IS WRONG, IF YOU DID NOT REALIZE THIS AT YOUR CLOSING, LOOK AT THE BALANCE ON YOUR MONTHLY STATEMENT
4) DO NOT HELP ANYONE UNLESS THERE IS A SECOND MORTGAGE ATTACHED FOR THE AMOUNT OF ASSISTANCE THEY RECEIVE, AS THE WAY IT WILL PLAY OUT IN THE END IS THAT THOSE RECEIVING A PRINCIPAL REDUCTION WILL SELL THE HOUSE IN FIVE YEARS (OR GO THROUGH ANOTHER TWO FORECLOSURES DUE TO THEIR IMMATURITY) AND PROFIT FROM THE MARKET'S UPTURN---HYPOCRISY TO THE HIGHEST DEGREE AND GROSS INCOMPETENCE BY OUR SOCIALIST GOVERNMENT---SIMPLY PUT, IF YOUR MORTGAGE BALANCE IS REDUCED $50K, YOU PAY IT BACK WHEN YOU SELL THE HOME, OF COURSE THE $50K WILL NOT ACCRUE INTEREST, AS THESE PEOPLE ARE THE 'UNFORTUNATES' AND NEVER MEANT FOR THIS TO HAPPEN
5) SO THE HONEST, HARD-WORKING, FINANCIALLY PRUDENT TAXPAYER GETS THE SHAFT, REMEMBER THAT THE PRESENT ADMINISTRATION'S GOAL IS TO ONLY HELP THOSE THAT VOTED FOR THEM AND HAVE GIVEN UP ON TAKING ACTIONS TO SECURE THEIR OWN FUTURE, THE OTHER 43% WILL GET SCREWED
6) AND LASTLY, REGARDING EQUAL PAY AND BENEFITS, THE FAMOUS WOMANIZER, JOHN EDWARDS, SAID DURING A DEBATE IN 2004 THAT EVERYONE SHOULD HAVE THE SAME HEALTHCARE COVERAGE, THIS FROM A GUY WHO HAS THE VERY BEST HEALTHCARE PLAN IN AMERICAN, PAYS NOTHING FOR IT AND MADE HIS $150+M FORTUNE BY SUING HOSPITALS AND DOCTORS IN CLASS ACTION SUITS, THUS DRIVING UP THE COSTS OF HEALTHCARE, HE IS A BRAINLESS TWIT, HIS NEXT RUN FOR PUBLIC OFFICE WILL INCLUDE SUCH BULLSH!T ALONG WITH "EVERYONE SHOULD LIVE IN THE SAME SIZE HOME AND DRIVE THE SAME TYPE OF CAR REGARDLESS OF INCOME"---FAWKING MORON!!!!!!!!!!!
That's it for this post, fingers are damned tired, need to go out and pick up a can of Skoal, which is grossly overtaxed---hmm, could be my next topic, as the Pleasure Police have run amok----JOYKILLERS!!!!!
Oh, and the POTUS is sure to tax the hell out of after-market performance mods in the near future, can you say 'retroactive after-market automotive component tax'----WTF, I am moving to Ireland, whiskey is damn good, not as good as Scotch, but the golf is argueably better,,,
DEAD F'ING ON DUDE-YOU NAILED IT!!!!!!!!
GM is begging the Government to help, therefore they have to adhere to their rules, sounds crappy, but they have no other choices.
Unions, 'only good for those that belong to them', not needed today as we have great Labor Laws, and about a bizillion attorneys to help you if laws are not adhered to. The UAW, NEA, et al,,, are jokes, feeding the coffers of the Liberal Politicians, influencing their members to vote at a more than 90% majority for the Lib Politicians. Teachers will not suffer the same percentage of job loss as all other industries during our recession, as they are protected, not sure why, as 30 kids in a classroom worked fine when I was in school. So why does the NEA exist, for better work conditions and wages, you are an idiot to believe that, here's why. "ALL TEACHERS WORK FOR THE GOVERNMENT, NO NEED TO HAVE A UNION REPRESENT YOU". Oh, and the union arguement for better wages, this is America, if you do not like the wage your employer is paying, update your resume and move on!!
The UAW is toast, good f'ing riddance, they always want more, what have their concessions been the last 3 years????
The POTUS and his Congress are pushing for more unions, why???--SIMPLE, THEY WANT MORE POLITICAL ALLIES, WHAT A F'ING JOKE, THE MAFIA HAS MORE SCRUPLES!!!!!!!!!!!!!!!!!!
Again, Unions work only for its members, but even more so for its management,,,
OH, btw, The POTUS and Congress will do everything they can to save The Big Three and create more unions, as they like their do-nothing jobs, and they cannot afford to lose the vote in MI, PA, OH, IN, etc,,, in 2012.
,,, and not that I will be asked, but not one more penny of my hard-earned tax dollars should be utilized to preserve the over-paid salaries of the under-performing workers in failed American industries,,, let them die off!!![/QUOTE]
I love your last sentence. There are far too many labor laws that stand within our Government as of right now. It is too easy for an individual to do minimum work and get paid just as much if not more than the hard working John trying to make an extra buck to put just a little more food on the table, or to seal that leaking roof up. My biggest concern with today's economy is that Obama is going to turn this country Socialist. Why should half of America's hard working people pay for and receive the same health care as the welfare couple that has no out of pocket? Save the auto industry and start attacking the oil companies and the banks who put us in this mess. Variable rate interest loans.... want your money from the home owner, put his interest rate back where it was when he was making a payment every month. Don't keep it 3-4% higher where it doubles his mortgage payment and you have to forclose on 2+ million homes!
GM is begging the Government to help, therefore they have to adhere to their rules, sounds crappy, but they have no other choices.
Unions, 'only good for those that belong to them', not needed today as we have great Labor Laws, and about a bizillion attorneys to help you if laws are not adhered to. The UAW, NEA, et al,,, are jokes, feeding the coffers of the Liberal Politicians, influencing their members to vote at a more than 90% majority for the Lib Politicians. Teachers will not suffer the same percentage of job loss as all other industries during our recession, as they are protected, not sure why, as 30 kids in a classroom worked fine when I was in school. So why does the NEA exist, for better work conditions and wages, you are an idiot to believe that, here's why. "ALL TEACHERS WORK FOR THE GOVERNMENT, NO NEED TO HAVE A UNION REPRESENT YOU". Oh, and the union arguement for better wages, this is America, if you do not like the wage your employer is paying, update your resume and move on!!
The UAW is toast, good f'ing riddance, they always want more, what have their concessions been the last 3 years????
The POTUS and his Congress are pushing for more unions, why???--SIMPLE, THEY WANT MORE POLITICAL ALLIES, WHAT A F'ING JOKE, THE MAFIA HAS MORE SCRUPLES!!!!!!!!!!!!!!!!!!
Again, Unions work only for its members, but even more so for its management,,,
OH, btw, The POTUS and Congress will do everything they can to save The Big Three and create more unions, as they like their do-nothing jobs, and they cannot afford to lose the vote in MI, PA, OH, IN, etc,,, in 2012.
,,, and not that I will be asked, but not one more penny of my hard-earned tax dollars should be utilized to preserve the over-paid salaries of the under-performing workers in failed American industries,,, let them die off!!![/QUOTE]
I love your last sentence. There are far too many labor laws that stand within our Government as of right now. It is too easy for an individual to do minimum work and get paid just as much if not more than the hard working John trying to make an extra buck to put just a little more food on the table, or to seal that leaking roof up. My biggest concern with today's economy is that Obama is going to turn this country Socialist. Why should half of America's hard working people pay for and receive the same health care as the welfare couple that has no out of pocket? Save the auto industry and start attacking the oil companies and the banks who put us in this mess. Variable rate interest loans.... want your money from the home owner, put his interest rate back where it was when he was making a payment every month. Don't keep it 3-4% higher where it doubles his mortgage payment and you have to forclose on 2+ million homes!
1) DO NOT HELP OUT PEOPLE WHO HAVE REFINANCED FOUR OR FIVE TIMES IN THE PAST SEVEN YEARS AND TAKEN OUT EVERY LAST BIT OF EQUITY, AND NOW HAVE A PAYMENT THAT THEY DO NOT LIKE, OR CANNOT AFFORD BECAUSE THEY NOW HAVE TWO $600/MONTH CAR PAYMENTS
2) DO NOT HELP OUT PEOPLE WHO OVERPAID FOR A HOUSE DURING 'THE BOOM' AND NOW OWE MORE THAN THE HOUSE IS WORTH, THEY PROBABLY SOLD A HOUSE PRIOR TO BUYING THIS ONE, RECEIVED A TON OF MONEY FROM THE SALE, BLEW IT ON VACATIONS, FINANCED THE CURRENT HOME AT 100% AND THEIR BAD FINANCIAL MANAGEMENT HAS PUT THEM IN A BIND
3) DO NOT HELP PEOPLE WHO TOOK A NEGATIVE AMORTIZATION LOAN AND "DID NOT KNOW THAT MAKING A $600/MONTH ON A $200K LOAN DID NOT COVER THE INTEREST AND NOW THE BALANCE IS HIGHER THAN THE LOAN STARTED AT"---MORONS, IF YOU PAYOFF A $150K LOAN WITH A PAYMENT OF $1,200/MONTH AND GET A $200K LOAN WITH A PAYMENT OF $600/MONTH, SOMETHING IS WRONG, IF YOU DID NOT REALIZE THIS AT YOUR CLOSING, LOOK AT THE BALANCE ON YOUR MONTHLY STATEMENT
4) DO NOT HELP ANYONE UNLESS THERE IS A SECOND MORTGAGE ATTACHED FOR THE AMOUNT OF ASSISTANCE THEY RECEIVE, AS THE WAY IT WILL PLAY OUT IN THE END IS THAT THOSE RECEIVING A PRINCIPAL REDUCTION WILL SELL THE HOUSE IN FIVE YEARS (OR GO THROUGH ANOTHER TWO FORECLOSURES DUE TO THEIR IMMATURITY) AND PROFIT FROM THE MARKET'S UPTURN---HYPOCRISY TO THE HIGHEST DEGREE AND GROSS INCOMPETENCE BY OUR SOCIALIST GOVERNMENT---SIMPLY PUT, IF YOUR MORTGAGE BALANCE IS REDUCED $50K, YOU PAY IT BACK WHEN YOU SELL THE HOME, OF COURSE THE $50K WILL NOT ACCRUE INTEREST, AS THESE PEOPLE ARE THE 'UNFORTUNATES' AND NEVER MEANT FOR THIS TO HAPPEN
5) SO THE HONEST, HARD-WORKING, FINANCIALLY PRUDENT TAXPAYER GETS THE SHAFT, REMEMBER THAT THE PRESENT ADMINISTRATION'S GOAL IS TO ONLY HELP THOSE THAT VOTED FOR THEM AND HAVE GIVEN UP ON TAKING ACTIONS TO SECURE THEIR OWN FUTURE, THE OTHER 43% WILL GET SCREWED
6) AND LASTLY, REGARDING EQUAL PAY AND BENEFITS, THE FAMOUS WOMANIZER, JOHN EDWARDS, SAID DURING A DEBATE IN 2004 THAT EVERYONE SHOULD HAVE THE SAME HEALTHCARE COVERAGE, THIS FROM A GUY WHO HAS THE VERY BEST HEALTHCARE PLAN IN AMERICAN, PAYS NOTHING FOR IT AND MADE HIS $150+M FORTUNE BY SUING HOSPITALS AND DOCTORS IN CLASS ACTION SUITS, THUS DRIVING UP THE COSTS OF HEALTHCARE, HE IS A BRAINLESS TWIT, HIS NEXT RUN FOR PUBLIC OFFICE WILL INCLUDE SUCH BULLSH!T ALONG WITH "EVERYONE SHOULD LIVE IN THE SAME SIZE HOME AND DRIVE THE SAME TYPE OF CAR REGARDLESS OF INCOME"---FAWKING MORON!!!!!!!!!!!
That's it for this post, fingers are damned tired, need to go out and pick up a can of Skoal, which is grossly overtaxed---hmm, could be my next topic, as the Pleasure Police have run amok----JOYKILLERS!!!!!
Oh, and the POTUS is sure to tax the hell out of after-market performance mods in the near future, can you say 'retroactive after-market automotive component tax'----WTF, I am moving to Ireland, whiskey is damn good, not as good as Scotch, but the golf is argueably better,,,
Last edited by onebadcad; 03-31-2009 at 04:56 PM.
03-31-2009, 03:52 PM
#38
TECH Fanatic
iTrader: (1)
Join Date: Jan 2005
Location: In Front of You/Broward County, FL
Posts: 1,392
Likes: 0
Received 0 Likes
on
0 Posts
Variable rate interest loans.... want your money from the home owner, put his interest rate back where it was when he was making a payment every month. Don't keep it 3-4% higher where it doubles his mortgage payment and you have to forclose on 2+ million homes!
Homeowners who have seen an unmanageable payment increase should receive assistance. Not sure why they took an A.R.M., as fixed rates were always available, the biggest reason for opting for the variable rate was the lower initial rate, again a poor choice by someone who can drive, reproduce and vote. The biggest reason for foreclosures is not that people cannot afford their mortgage payment, or the loss of an income, there is help available to these individuals, the biggest problems is that the value of the homes have decreased to an amount where paying on a decreasing asset no longer makes sense, as you can rent the same size/type of home for about 30-40% less. Many people do want to stay in their homes, help them, but remember, close to 95% of Americans are paying their mortgage on time each month (Foreclosures stats do not break down the percentage of 'troubled loans' that are either rental/income properties or second homes). Also remember that not everyone is entitled to homeownership, it is a privilege, AND A RESPONSIBILITY!!
Homeowners who have seen an unmanageable payment increase should receive assistance. Not sure why they took an A.R.M., as fixed rates were always available, the biggest reason for opting for the variable rate was the lower initial rate, again a poor choice by someone who can drive, reproduce and vote. The biggest reason for foreclosures is not that people cannot afford their mortgage payment, or the loss of an income, there is help available to these individuals, the biggest problems is that the value of the homes have decreased to an amount where paying on a decreasing asset no longer makes sense, as you can rent the same size/type of home for about 30-40% less. Many people do want to stay in their homes, help them, but remember, close to 95% of Americans are paying their mortgage on time each month (Foreclosures stats do not break down the percentage of 'troubled loans' that are either rental/income properties or second homes). Also remember that not everyone is entitled to homeownership, it is a privilege, AND A RESPONSIBILITY!!
03-31-2009, 04:52 PM
#40
TECH Fanatic
iTrader: (1)
Join Date: Jan 2005
Location: In Front of You/Broward County, FL
Posts: 1,392
Likes: 0
Received 0 Likes
on
0 Posts
Mortgage Mess Top 10 List:
1) Legislating Bad Loans for Bad People--->Bad Idea
2) Greed, Lenders made loans to anyone not in a cementary
3) Poor Underwriting, no consistency, no integrity
4) Politicians ignoring the future problems that were inevitable
5) 100% financing programs
6) Stated income programs
7) Adjustable Rate Mortgages, Negative Amortization Mortgages
8) Fradulent appraisals
9) Insurance companies and other institutions investing in bad loans, they abandoned their corporate disciplines
10) George Bush, why not blame him for this, every other problem is his fault