Tuesday, December 16, 2008

Obama

What do you think about his cabinet picks?

What are your thoughts on the autobail out and congress wanting workers to take a pay cut?

What do you think about how he is handling the transition?

4 comments:

Roshanda Pearl said...

I think that he is making a good transition from what I can tell.

AS far as the cabinet picks, I feel confident with em. I havent done alot of research on everybody but give me til the end of the day and I will be able to post a lil more about that.

The auto bailout is some bullshit, I feel that they have made there money why are we already trying to help out the major corporation. I think that we should try to focus back on the American people.

Like come up with a plan that will help people keeps there homes, and try to push some jobs out here I mean people are loosing jobs everyday I dont see how giving em trillions of dollars will help me or my family out in the long run.

Someone please correct me if im wrong....

Easy Rider said...

Barak's cabinet appointments are fine, I don't have any major complaints, I am glad he kept the SOD though, that may have been the smartest choice.

As far as the auto bail out, I understand the reasoning behind it, but I don't know if the correct stipulations were put in place. The big 3 are closing domestic plants while leaving foreign interests in place, that is really not going to help the economy because they are still cutting US jobs, what should be happening is the closure of foreign interests, and shifting those processes to domestic facilities. The UAW also needs to 'play ball' and accept their share of the blame and accept across the board pay cuts. Lagging sales is just the straw that broke The Big 3's back, its legacy costs and bloated salaries that put them in this spot. Also if congress is going to ask people to take pay cuts, should they not set the example, NOT just follow along?

Josh said...

the auto-bailout is ridiculous. the UAW needs to be kicked out on their ass, they're a big part of the reason the big 3 are in such bad shapes. did you know, that if your laid off and a member of the UAW you pull your entire salary for 1 year with benefits. The average hourly rate with benefits for a union auto worker is $74. employees working for foreign automakers in the US are baid about $28 per hour. if the government is considering giving them anything it should be on the condition that the UAW either be dissolved or renegotiate all of its contracts.

on the other hand, if the companies don't want to do that, and can't find a business model/product that can make them profitable again then they should fail. go bankrupt, merge together into one or two US automakers, stop making so many crap product lines (Mercury, Lincoln, Hummer, Saturn, Dodge, etc.) and then in a few years maybe they'll be able to compete again.

Crystler is a special case though since its no longer a public company. it should be nothing. they are owned by Cerberus which is one of the most profitable companies in the world. Also, look at GM and Fords foreign divisions, they are having far less problems. its just the US divisions that can't compete with cheaper, better imports and most of that is due to unfair trade policies put in place by the clinton administration

Easy Rider said...

I concur Josh with 1 exception, reports have shows that domestic vehicle service records actually equal or excede imported vehicles, at this point it the perception that domestic cars aren't worth shit. They do need to trim their rosters though, especially GM, they are carrying too many brands and of those brands they are selling too many of the same vehicle with different name plates. There is no need for Chevy to sell trucks and GMC sell the exact same vehicle with a different name (i.e. Chevy Canyon/GMC Colorado). The UAW is the root of the problem, but they took that business model from congress, if memory serves me correct an ousted US congressman receives the same salary as sitting congressman FOR LIFE, and receives raises as congress votes themselves raises.