[Newsbot]

Title: Ottawa contemplating joint Canada-U.S. auto bailout
Category: Business
Posted By: hurley_108
Date: 2008-11-14 20:27:02
Canadian

[RUEZ]

So will the Forest industry get a bailout?

[Thanos]

If this were any other industry involved I'd tell them to go F-off. But unfortunatly the job losses will be catastrophic for everyone everywhere in North America so something has to be done.

I'd start though with telling all the union guys that all the existing contracts are now null and void and that all pension benefits are now cut by 50%. Tough titty, but everyone involved will have to bite the bullet this time around.

[hurley_108]

Thanos Thanos:

If this were any other industry involved I'd tell them to go F-off. But unfortunatly the job losses will be catastrophic for everyone everywhere in North America so something has to be done.

I'd start though with telling all the union guys that all the existing contracts are now null and void and that all pension benefits are now cut by 50%. Tough titty, but everyone involved will have to bite the bullet this time around.

Agreed. I'm all for unions, but the auto workers' unions here and south of the border have priced themselves out of the market.

[kenmore]

"What will I ever do without you georgie" What ever we do,, where every we go.. we're gonna go through it together... are you ready lips... keep licking

[mtbr]

kenmore kenmore:

"What will I ever do without you georgie" What ever we do,, where every we go.. we're gonna go through it together... are you ready lips... keep licking

here's some reading for your small pea brain

post1365835#p1365835

[stokes]

Oh yeah thats right Kenmore is from Quebec....the province that recieves the lions share of equalization payments...so nothing bad could ever happen there because they get all that money....supplied from other provinces...must be nice being a welfare state!!!

[Scape]

Like Brown said: Horrible Idea!

[Canadaka]

So didn't these auto companies get a bailout in the start of the 80's for pretty much the same reasons? They had there chance to fix the way they do business in North America, instead they used the money to setup new factories overseas in China to make the cars that the market actualy demands, meanwhile using there bailout money to slowly layoff NA workers.

[bootlegga]

RUEZ RUEZ:

So will the Forest industry get a bailout?

Of course not, because if we did, they'd call it unfair trade and we'd get fined again.

I think if there's a bailout again, the government(s) should get a chunk of the auto makers stock. Maybe then they'll listen to people when they are told to stop making huge, expensive gas guzzlers.

[xerxes]

But how useful will the bailout be? Sure, GM will survive the year without filling for Chapter 11 or Chapter 7 bankruptcy, but the structural problems are still there.

The big three are still making cars and trucks that aren't competitive with Asian made cars and until that changes, the bailout will be a finger in the dyke and nothing more.

[bootlegga]

Scape Scape:

Like Brown said: Horrible Idea!