July 26, 2011, Isn't it very obvious to everyone just how much trouble that OBAMA has caused everyone. The Economy is totally in a mess and it is all Obama's fault.
July 26, 2011, Who is be evil 4 a day ? I do not know who this person is who left a comment saying that I am wrong on so many points. Well, if this July 4, 2011 is the words you are responding to then I just must say that 90% of all music in the U.S. today is very disturbing to have to hear. And there are so many cars that it seems there are more cars than people. Soft music is ok once and awhile and one car should be enough for one person. I was wrong about GOP. and maybe too harsh.
July 4, 2011, Music is wrong and Music has ruined the American youth and people. I am tired of hearing Music in America.
and America doesn't need any more cars. There are too many cars already in America. And too many people running for President in GOP will cause Obama to get all the votes. Obama go to HELL.
@MASTER105175 Oh man, your comment is wrong on so many levels, I really don't know if I can answer it all in one comment.
Why build more cars? Let me ask you, how many cars built before 1995 do you see on the roads? Cars, like horses, have life-spans. A descent car should last 10-15 years, a good horse about 10-15. A car goes infinitely faster, and in reality, leaves about as much pollution behind when its dead and gone.
@MASTER105175 Next. Only one person will run against Obama in 12. He, like the 200 other people he's running against, are seeking the REPUBLICAN nomination, not all of them will be in the General Election. Only one of them will, and they will essentially go head to head against Obama.
And your opinion about music is just that, your opinion. I for one think that music is an amazing art and great forum for individual expression. That's just me though.
This is a guy that gets it. Finally some one with common sense. Check it out he is not reading a script, just speaking from his heart. A man that should run for President!
There's a wide screen video on the wall of the room but here on youtube we get a cropped version, Where's the wide screen video that is feed to that monitor on the wall of that room? It's certainly not here. please update this video.
The American auto industry is not helping out the American people enough. From the car shows American auto companies are targeting consumers of various income levels. What about the institutional customers? American autos are not competitive in terms of price point with foreign autos. American autos have no synergistic governmental or organizational plan. The American auto industry is still thinking in terms of 70's paradigms.
Automotive products account for about $11.2 billion of the monthly trade deficit. Japanese and Korean manufacturers have captured a larger market and are expanding their U.S. production. However, Asian manufacturers tend to use more imported components than domestic companies
By contrast, foreign auto makers receive far more from U.S. taxpayers in various forms of government assistance. In Tennessee, for example, state and local authorities offered Volkswagen $577 million in lowered taxes and other benefits in exchange for the plants it is constructing, at a staggering cost of $288,000 per job created
As proposed, the requested bridge loans represent roughly $4 billion in assistance to U.S. auto makers, that is, the cost of a low-interest loan. With 240,000 employees spread among the three U.S. companies, that works out to less than $16,000 in temporary taxpayer assistance per job.
Say what you will about the auto industry but THAT was a very eloquent and poignant speech!!! Bravo Rep. McCotter!!!
I too agree with you about the $700B "banking bailout" and the hypocricy of the Barney Franks of the world... That Lispy-Lipped M'-F'er sat back and got PAID OFF to watch our financial house of cards crumble...
For all of you big talkers who want to see the big three fail I almost hope you get what you ask for because you short sightedness has prevented you from seeing that the ramifications of that failure would be A total economic collapse of the whole country resulting in you going down with them in the not to distant future. Then you can see first hand what its like to be kicked when you're down for doing nothing more than trying to earn an honest living.
Thrice, real intelligent, you misinformed moron, i live in southeast Michigan, same district as McCotter. He's a fine man, with great ideas, and a straight shooter with common sense. The only reasonable choice was a bailout.
It would make sense to say no one outside of Detroit would be affected by the Big 3 going bankrupt if ALL of the manufacturing, technology, assembling, rubber, paper, plastic, glass, leather, fabrics, steel, electronics, computer chips, sensors, filters, bulbs, financial services, delivery services, scholarships, & donations were ALL produced only in Detroit, but guess what, all of the above are produced by big & small companies who have contracts w/the Big 3 all over the USA, so wake up people.
Well at least he can make a case and deliver a very detailed oration and discussion of the problem extemporaneously while you can only throw an F bomb in a phrase. You are real impressive.
The UAW pay and benefits will eventually be cut to the SAME level (regardless of UAW seniority) as the auto factories in 'right to work' states. It is not a matter of if but when this will happen in Detroit. A quick bankruptcy and restructuring (ie: pay and benefit cuts) is the best route for the Big Three. We are in a Global economy today and the auto business practices of the past are no longer viable.
AMERICANS you did a fine job telling how important it is to buy American products from food to autos from USA companys who make and have higher standards fairer wages for USA workers and must comply with laws of our nation and be held responsible when they dont. Unlike many other nations selling goods in our country. Its time for all of our states to support one another. And not be traitors to some foriegn country lining their pockets and to cause people in the USA to live worst off with less
Springr1911, stop arguing with this liberal loser and get you butt home for dinner. Some peaople are "special" and can not be burdened with the reality of most situations. Regurgitating media garbage is much easier than thinking for yourself, in respect to the "special".
Hourly pay for assembly line workers tops out around $28; benefits add about $14. New hires at the Detroit Three get $14 an hour. There's no pension or health care when they retire, but benefits raise their total hourly compensation to $29 while they're working. UAW wages are now comparable with Toyota workers, according to a Free Press analysis
The oft-cited $70-an-hour wage and benefit figure for UAW workers inaccurately adds benefits that millions of retirees get to the pay of current workers, but divides the total only by current employees. That's like assuming you get your parents' retirement and Social Security benefits in addition to your own income.
you find me just 1 production worker that makes 70+ just 1. you wont be able to because there is not any. do some research. that is a inflated number. that high number includes hundreds of thousands of retirees. if you just figure the benifits and wage each worker actully gets the wage comes out to be less than toyota.
You have to factor that in. They are paying for people who haven't worked in years, so the number isn't inflated. The number is a cost to profit ratio. If you thank that shitty I can give the numbers for S.S. it's based the very same model.
If those blue collar works werent getting paid $80 an hr, after you factor in benefits and salary, GM wouldnt be in this situation in the first place. I put that on the AWU not the employees. What were seeing here is exactly whats in store for Social Security. It can not sustain its self when more is going out then coming in. Without the banks we get to go back to the stone age.
You're complaining about $80 an hour production workers, yet that is peanuts against top heavy 6 figure managements. Are you going to tell me you aren't making more than $80 an hour when your benefit package is factored in?
The Big 3 are in trouble because they aren't making sales. Who wants a 15 MPG vehicle that they drive aggressively and so only get 8 MPG when fuel is $4.00 a gallon? If the US govenment wasn't subsidizing the cost of gas, that cost per gallon would be much much higher.
Big Scary Oil doesnt get subsidies from the government, they receive tax write offs for drilling, they are as follows Intangible, Tangible, Depletion, and/or dry hole The Government doesnt subsides Gas they tax the shit out it. Oil price doesnt dictate gas price, because they are two completely different products. Now, Green energy is shit, because it consumes more energy to create it then it will be able to produce. Batteries are a perfect example.
How much of the war in Afghanistan shows up at your cost at the pump? The war in Iraq? The billions spent to buy foreign despots? The billions spent bribing the proto-Taliban? The billion spent escorting Saddma's oil tankers during the 1980's? I can give you a thousand examples. Even Dick Cheney was quoted in 2001 as saying the actual cost of a gallon of gas was something like $15.00 a gallon.
What is the net loss for, for example, the Coriolis turbines? There isn't one.
I hate burst your bubble there big guy, but we didnt go to war for oil. If we had then we would be using the proceeds to fund the war on terror. No we went to war with a country that sponsored terrorist and produces a large amount of the globes oil. Oil is the most important commodity on the planet. Its because of oil that we went from horseback to the moon in 70 years. There is no substitute for oil, it makes every thing..Even your precious batteries.
I guess you've been in a coma since 2001. You need to get up to speed. If you were capable of reading my earlier posts, I compare our oil based technology with the 15th century wind Netherlands economy that crashed and the British coal based economy that crashed. Our economy will not survive if we are foolish enough to base it any longer on oil. There are many sources that, when taken together can replace oil. Lead, follow, or get the hell out of the way of people actually doing it.
You can build that technology without oil. Petroliam is used to produce 100% of goods we use and consume. Unless youve found some new resource on some distant planet, oil is as important as water. The only thing we can do is slow our consumption. Nuclear for energy, natural gas for transportation, those things could start tomorrow.
We could wake up tomorrow using 1/2 the oil we use today. The guys sitting for hours in the Price Club parking lot in their Excursions reading Field and Stream with the engine/AC running while the wife shops might stop. The guy in the 12 MPG vehicle driving agressively getting less than 8 MPG might stop. The kid who lives across the street from me doesn't need to warm up his car for 30min before driving the 3 mi to his high school. I'm sure they will stop wasting if you ask them nicely.
Fission nuc technology isn't the answer. According to SciAm, we have about 130 years worth of fuel for the current technology power plants. We waste 96% of the energy in the fuel we use today.
My preference is to reduce the world's population to a sustainable level, but for some reason, I can't get people to stop having children they really don't want.
Im all for conservation, but Im also a realist and artificially inflating the price of gas to make people not drive is socialism in it purist form. Government control of the citizens actions. I take it you live in the Socialist Republic of California. About $2.00 of every gallon of gas is tax there. Thats extortion and amazing because theyre still in debt to the sum of 9 billion dollars.
We drill 12 KM for oil, why can't we drill 10 KM for geothermal electrical production. We have mines nearly 4 KM deep, many are abandoned. It only takes a temperature delta of 140 degrees to make efficient geothermal on a commercial level. The Gulf Stream has more energy than all the rivers in the world combined.
Just because you have a hole in the ground doesnt mean that its going to be hot. Geothermal doesnt work every where; the power comes from magma so the best places for that are near volcano. This is why they work in Washington. That said Im for every form of energy there is as long as it gets us off of the OPEC tit.
The deeper you go, the warmer it becomes. Some of those mines have ambient temps above 140 degrees. As to artificially inflating the price of gas ...... I'm not talking artificial. There is a real cost that is being funded by income taxes that would be better served as part of the cost at the pump.
BTW, you need to add socialism to the list of things you need to learn about.
Youre one of three things incredibly misinformed, Rainman retarded, or a flat out liar. Ive been a an NASD broker for a few years and in the oil business my whole life and what your doing making shit up and making the lesser intelligent even more ignorant as to the facts. The US doesnt give subsidies on gas, they never have. The only product that receives gov, money is Corn farmers for ethanol, not Mobil.
Misterwhite111 Quote#1 I'm not talking artificial. There is a real cost that is being funded by income taxes that would be better served as part of the cost at the pump. Quote #2 Even Dick Cheney was quoted in 2001 as saying the actual cost of a gallon of gas was something like $15.00 a gallon. You insinuated that theres some hidden cost in fuel cost. If anybody is subsidizing fuel costs its the oil companies. They loose money on gas.
Here in Va, much of road repair comes out of general funds instead of the gas tax. Then there are the cost of protecting the production and distribution system using the US military. Then there is the war in Afghanistan and Iraq and the homeland security due to our interference in the Middle East. Remember the billions that were knapsacked into the groups of people to bribe them into signing onto an oil pipeline thru the 'stans.
I coulds give examples like this for hours, but it is happy hour
All of the Middle East and Argentina are the countries that subsidies GASOLINE. Question: What is Exxon/Mobils global production percentage? Question 2: How much of a barrel of oil is used to produce gasoline? Question 3: How many gallons make a barrel of oil? For someone how thinks hes so smart I bet you cant answer one of these questions in less then one minute. Any longer and everyone will know that Googled the answer.
I recognize a trick question in the three. Memorizing trivia from someone else's field is not something I spend time doing. But if you feel the need to show off, please tell us.
That exactly what youve been doing for 2 days now, energy is my field. Ive presented nothing but verifiable facts and you keep arguing with me. Theres no super conspiracy to keep out so called GREEN energy, just no good ideas. Models are great until you expand them to real world production. Oh and GLOBAL WARMING IS BULLSHIT. Answers: 3%, 42%, and 42 gallons. Im done with this conversation.
Energy is your field?!?!?! Yet (although you seem to know worthless trivia such as gallons-tech people like myself use liters etc.) you know NOTHING about the social, economic, political, military, security issues of what you claim to be your field. How embarrassing that is for you. Global warming is bullshit? Empirical evidence shows otherwise What are you, an administrative assistant? Would you get me a cup of coffee?
Can't resist this ....... your claim "just no good ideas".
Shhhhhhh ...... don't tell the people who are actually currently producing energy from waves, currents, geothermal, and so forth. They will laugh in your face.
GM has currently 115k hourly employees. At an average of $80 per hr it cost them 12 million an hr to run their business and that without OT. You know some jobs are just worth 9, 10, or 12 an hr.
I know that the CEO for the large defense manufacturer I retired from made multiple millions yet they could have gotten a monkey with a shaved ass to do just as good a job. I had to sit down and explain the same thing to him 3 times before he would claim he "got it". I don't think he ever understood what the company did.
I couldnt decipher a point or an actual argument from your ramblings with a Devin chi Code Decoder Ring. The fact that you cant see how toxic unionizing any workforce can be for a company only shows your blatant ignorance for basic economics. When I called you a Clip Bully that wasnt me trying to play the martyr, it was just a nicer way of calling you DICK. I hope youre happy youve officially made me and every body thats going to your posting dumber having read them.
If you let me know what part of the country you live in, I know some excellent "English as a 2nd language" tutors that can help you with your comprehension.
As to your game of playing the internet victim, here is a hint for you ... it only works if you aren't filling your "supposed bully"'s e-mail account with message after message.YOU are the aggressor,you are the attacker,you are the one flaming rather than responding to specific points.
I accept no responsibility for you being a moron.
Da Vinci or Devin chi, you still need the help in English as a 2nd lang. That way, when I make a point (I've made dozs) you will understand enough to know it.
Talking to the voices in your head? You aren't doing what is known as argumentation. That would require much much more than your 2nd grade education.
That would involve taking the dozens of facts I've given and disputing them.
What I think is particularly humorous in your trolling of me is that you think I am defending unions.
Lets recap, my point was that the big 3 shouldnt receive one red cent until they file bankruptcy, cut loose the unions, and reorganize so that they can run their business like a normal company. They can not compete with the foreign markets who do make vehicles at a lower cost, and their not asking for a handout. If they keep the business model to the current status quo then a 25 billion dollar loan will only be delaying the inevitable.
My point: don't give the big 3 one cent .. period. That giving them $25 bil to crank out dinosaurs will only prolong the inevitable. Put the money into a Manhattan Project on transportation as part of the Mnhattan Prj on energy. Give guarantees to Tesla to build factories for shells and batteries in Detroit so those don't have to be imported from Europe. Workers lose their jobs building guzzlers; hire them on assembly lines building 300 HP minivans that cost 1/6 what it costs to operate a Prius.
Thank you for finally making a point that can lead to a two way discussion, but surprisingly I have to disagree with you again. Tax payers shouldnt subsidize any business. There are 100s of billions in investor capital waiting to find something to invest in. This so called GREEN ENERGY which is a load of crap is hot for investors, and when they finally find something that will work, those people will make 100 to 1 on their money.
You mean the point I had already made 3 times on this thread alone? I have been making points for days .. you haven't been reading them. How about tax payers subsidizing the oil business? How about the church business? That investor capital you mention, the last time investors (I was one of them) started putting money into green energy, the big oil (with big auto) used their lobbyists to turn up the spigots in Arabia which put those businesses under. Okay genius, why is green energy a load?
Silly little spat? Were talking about billions of tax payer dollars going down the drain. How ells are you gong to see or hear opposing thoughts on this crucial subject? Feel free to hop in and share your thoughts on it.
His view point is right on mark! OMG when is everyone going to wake up and smell the coffee? He is 100 percent right and he is an intelligent person. You really have to ask yourself, where is our country heading? We must help main street together with wall street and forget about the corporate jets and the top execs for a minute and remember the workers who have families. I suppose the AIG execs are left in the shadows in all of this but execs are always execs, they probably won't change....
videowatcher wrote: " You really have to ask yourself, where is our country heading? "
It is heading the EXACT same direction as 15th century Holland (wind tech)and 19th century England (coal tech). As long as our country continues pandering to oil (ie, living by 19th century technology in a 21st century world) we have only one destination .... becoming a 3rd world country. And we will have to kill every other human being on the planet in order to keep using oil.
okay, that is a bit far off but I can see your point. The automakers are working on electric and hybrid cars for the future. I can see your view on the "fight for oil" but again, we are moving into the future now and perhaps we will be fighting over batteries then? The main point that I am trying to make here is to help not just wall street but main street workers who are our backbone of our economy.
Why can't we invest in domestic oil production and also invest in future technologies? Stop grandstanding and think about the actual realities on the ground. Oil based vehicles will be around for a very long time. Hybrid and then fully electric vehicles will replace them in time. But lets support both of these technologies and the American worker at the same time. Not every human being has to to die. How do you have a conversation with that logic?
Why shouldn't we build hundreds of buggy whip factories at the same time we are building quantum computers? For decades, the people who are involved in oil production have prevented the development of "future technologies".
The faster we get away from oil based economy, the better the economy will become, the better it will be for blue collar workers in America, the better our national security will be, and so forth.
tstark says that my support for a move to 21st century, high efficiency American products is a call for every human to die .... and then he has the gall to say this: " How do you have a conversation with that logic? ".
Twinky .... a call for a shift away from oil using, 19th century technology and shifting to 21st century highly efficient technology *** IS THE ONLY *** pro-American worker position.
I'm not saying that at all. Those were your words, not mine. Of course I support the call for more efficient vehicles. We may differ in how to best accomplish that transition.
tstark37 wrote: " Those were your words, not mine "
My words were that we are now fighting 2 wars over oil. 9/11 was because of oil. The invasion of Iraq was for oil. There are finite oil reservoirs. All 3rd world countries are ramping up to get their share of the oil that remains. We will soon reach peak oil and will head downward. Oil production has, everywhere, surpassed new finds. We are going to have to fight someone for oil in 2050 ... unless we move on to 21st century tech.
Tesla's all-electric car cost $109,000.Only 63 have been delivered to customers.
Tesla isn't any different from the Detroit Three in one regard: It too is looking for government assistance. Tesla Motors has applied for $400 million in low-interest federal loans under the $25 billion loan package approved by Congress a year ago.
Bud wrote: " Tesla's all-electric car cost $109,000."
And?????? Ford's first cars cost far more adjusted for time. Each is HAND BUILT. Each has its shell FLOWN IN from France. Each has its battery pack FLOWN IN from England.
Take the $25 billion, build battery and shell facilities in Detroit instead of having them made in Europe. Make mass produced $25K cars. Why would an auto worker care whether the car he is building costs 40 cents per mile (Excursion)or 1 cent per mile (Tesla) to drive.
budschick wrote: " Tesla isn't any different from the Detroit Three in one regard: It too is looking for government assistance."
Really? What are the legacy costs for Tesla? Is Tesla mass produced? How many years has Tesla been in business ... 100yrs? Do you really think there is no difference between $25 billion and $400 million? Which of the 2 (Tesla or the big 3) is making a product that is useful in the 21st century? Which one has executives making 1200 times the lowest paid employee?
Congressman McCotter is 98% correct on this issue. The only problem here is the Unions are the very reason the American Auto Ind. Is in the shape it is in today. The AWU hold the EMPLOYEES hostage from the EMPLOYER. I have no problem giving the big 3 there much needed funding, but only if they file bankruptcy first, burn their contracts with the AWU. 86 the union or 86 GM.
obviously, you are not pro union. Yes, unions have been picked on and picked on until their numbers are dwindling now. I think if it was your livlihood you would reconsider that point. I agree that there are parts of the union contracts that need to be addressed but just dropping the company into bankruptcy is entirely not the answer.. You should really understand more about the auto industry before you make that decision...
I was union for 9 years while finishing high school and getting my first 2 university degrees. I KNOW enough about unions and am not pro union any more.
What happens to union members *******DOES******* affect my livelihood, my small business.
I remember when Gore was running for pres and he went to Detroit to talk to the unions about their criticism of his increased CAFE standards. He tried to explain that the labor involved in putting a mirror on a 40 mMPG vehicle was the same as putting a mirror on a 10 MPG vehicle. And that producing a 40 MPG vehicle would take market share away from the foreign car companies. I don't think it got through their thick heads.
Im from Dallas and have plenty of friends that work for GM. They are union not by choice, and hate the us against them mentality that the unions have on the companies. Unions hold the employees hostage against the very company that employs them. Thats blackmail not good business. Toyota and Honda arent having these issues whys that? No unionsCost per hr. to build a car is ½ that of any American auto company. The numbers just speak for themselves.
History lesson: H Ford introduced the $5/day wage in 1914 more than doubling the at-the-time pay. This kept the workforce stable, increasing the quality of the product, lowered the massive turnover due to the monotonous repetitive work, made assembly line stoppages more rare, and made the workers capable of buying cars increasing the customer base. Prior to the assembly lines ... almost NO ONE could afford to buy a car
Nos speak for themselves? Make sure you understand the numbers. (More)
With all due respect what are you talking about? Im talking about the cost per hr for GM to produce a car vs. Toyota/Honda, and youre talking about Henry Fords pay scale to keep employees working a repetitive job. Ford didnt have to deal with labor unions.
I also identified that there are legacy costs involved that Toyota and Honda don't have to deal with. And Ford *******CHOSE******** to pay his workers double the going wage, without union involvement, because he could stomp the competition by doing so. NO ONE could compete with him.
I also identified that when you compare the cost of a GM product and a Honda product, you are comparing apples and oranges.
SO you want to give a history lesson without telling the whole story; Ford paid his employees a higher wage not to compete, because there wasnt any competition at the time. He paid them to stay sober and not smoke on the job so they could produce at their highest level possible. Hence lowering his cost per car and increasing his profit margin. Also this allowed him to put a car in every driveway as he put it. If his employees had tried to unionize he would have fired all of them.
Ummm ... Twinky ..... I can give you the whole story ...... in 500 word increments, I might be able to complete it in ... say ..... 10,000 installments. Since you are claiming to have the whole story, I will let you go ahead with the first 9000. When you run out of steam, I'll fill in what you left out.
Stop blubbering about clip bullies ... you aren't a martyr. Be a big boy.
Judging by your comments here you couldnt explain a pack of gum to me or anyone ells for that matter. So I can only assume that it would in-fact take you 10,000 words to explain anything. To get you back on track we were talk about unions and you brought up Ford who never dealt with unions. You mentioned competition and there wasnt any. So Im a little curious about what youre going to educate me on next, since you havent taught me shit yet!
Ummm ... Twinky ... my posts were at least accurate ... yours weren't. FACT: there were other auto assembly lines at the time. I can't educate someone who is bound and determined NOT to want to learn. But to really get it back on track (aside from your attempt at playing the victim and whining about unions), why should we bail out auto makers who used their assets to stomp out 21st alternatives to their dinosaurs? It isn't that I haven't educated you, it is that you are unteachable. Grow up.
I couldnt decipher a point or an actual argument from your ramblings with a Devin chi Code Decoder Ring. The fact that you cant see how toxic unionizing any workforce can be for a company only shows your blatant ignorance for basic economics. When I called you a Clip Bully that wasnt me trying to play the martyr, it was just a nicer way of calling you DICK. I hope youre happy youve officially made me and every body thats going to your posting dumber having read them.
The numbers speak for themselves? Legacy costs: $631 per Chrysler,$734 per Ford, $1360 per GM Honda $107 and Toyota $180 (per vehicle). Foreign vehicles don't have those legacy costs in this country. Source: Prudential Financial Study as reported by Kevin Phillips.
You need to interrogate those numbers, not just pound them. Do you claim that a Corolla should cost as much to build as an F350?
the Big 3 are not competing head 2 head against foreign companies with the same classes of vehicles
I was wondering how long it was going take for the clip bully to find me. Consumers could purchase an American or Japanese car, when making that purchases it comes down to cost vs. value. The foreign vehicles give the consumer the perception of a greater value because they cost about the same and Hondas last longer. GM cant lower the cost of their vehicles because of their overhead do to ridiculous employment cost, hence pricing them selves out of the market.
Well spoken and Mr. McCotter continues the fight!!!!! He has a 4 point plan that makes sense and wants to hold the banking industry to the same grilling!!!
Well thank the heavens my senator and congressman's pensions are safe They are insured by AIG so why wouldn't the federal government Give them money. AIG insures all federal employees pensions. Thank the heavens our wonderfull government officals have health care for life at no cost to them. Thank the heavens congress is only in session a few months of the year. I sure dont want them guys to work to hard.
So when do we taxpayers stop bailing out corporate failures? The money should have gone to people who have lost jobs, being tossed out of their houses and unable to make ends meet. It is a fact that every mortgage in foreclosure could be given $200,000.00 each (which would pay off / down most of the mortgages of the middle class), thus solving 2 problems - 1, no defaulted home loans and 2, the money paid to the banks for the mortages generates free cash for future loans
(thus ending the credit crisis)that is being blamed on the mortgage issues. Screw big businesses who fly in corporate jets to go ask congress for money. Are they too good to fly coach, or even drive one of their own crappy gas guzzling vehicles they make? WTF????
Whine whine whine. If the big three had spent the money retooling 2 decades ago instead of using that money to crush the competition from alternative energy, they wouldn't be crashing and burning.
Take the $25 billion give it to Tesla on the condition they open assembly lines in Detroit, battery and shell manufacturers in there too, and let the UAW go work for them. Tesla can assembly line 300 HP minivans that run on a house hold current charging.
What I don't get is a actual "BAILOUT" of financial institutions with no terms for payback, EVER, yet when the auto industry asks for bridge LOANS, WITH PAY PAYBACK TERMS AND INTEREST, TOWARDS THE U.S. GOVERNMENT, they get refused... Let's see somebody explain THAT one !!!
Perhaps you should identify a subject that you can discuss with a moderate level of intelligence and we can talk about that instead. How many Americans could afford Henry Ford's cars before he instituted his assembly lines? Fewer than can afford a Tesla. Another question, genius ... will a mass produced Tesla still need a mirror? a steerng wheel? Tires? Windshield? Headlights?
You buy 'em books and you buy 'em books and all they do is chew on the cover!
To answer your question, I would reserve my Tesla tonight but, with them making one Tesla per week and the reserve list already 2000 cars and growing daily, I really don't want to order one for delivery in 2040.
The big 3 are doomed to fail with or without the $25 billion. They have shown they can't see beyond their 19th century blinders.
Now a question for you, boy genius. Would you order a 300 HP, $25,000, all electric, mass produced, minivan?
thanks to youtube for cutting out my link. and thanks to you misterwhite, you are a fool. anyways google: tesla it takes a world ..nearly none of its components are produced in the US. But since its obvious from your myriad of posts lately you think quite highly upon yourself. Unfortunately you are spewing a lot of hot air and little substance.
BTW, if Tesla had that many backordered and it was feasible for them to make them at a higher rate, they would.
This post of yours shows that you are either a flaming imbecile or that you are incapable of reading simple English. My posts on Tesla identified where the various components were FLOWN IN FROM. That is why the first of my posts advanced the notion that battery and shell factories should be constructed in Detroit. The backordered number came from an interview with the owner of Tesla from 2 wks ago. Each Tesla is hand built. My suggestion to children like you is to wait until you turn 16 to post.
When all else fails, resort to name calling. Very nice, you have shown your true colors and your intelligence all in one post.
Riddle me this, how are these magic shell and battery factories going to be in Detroit? Tell ya what, while we're at it, lets move the NYSE to Detroit. Obviously we can just put words on the internet and make things happen in this fairy tale land you live in.
Let's review: YOU started the namecalling. So now, I can also FACTUALLY call you a hypocrite. If the shoe fits Cooter, if the shoe fits ...
But Cooter, I've have already addressed these things. Perhaps you can get your mommy to read back throught the thread and explain it all to you. But I still think you should wait until you turn 16 to post here.
Anyways, you still haven't answered my question about the magical movement of plants for Tesla into Detroit. Secondly, please list your vast amount of qualifications to make so many sharp statements... obviously you have a lot of experience, knowledge, and insight into these industries which you speak of.
And BTW, no, I would not buy a 25k electric minivan as electric cars do not generally have towing ability which I need. BTW, instead of reading press releases, look at reality and show me one.
Ahhh .... so you need a vehicle that provides more than 300 HP in your everyday driving. No wonder we are fighting 5 wars over oil. Okay, they will just have to build an engine that weighs more than 115 pounds.
BTW ... 17.4 billion dollars can provide a whole lot of magic Cooter.
still no answer.... plus its obvious from your posts that you don't know all that much about engineering.
do I need more than 300 hp in my daily driving? no.... can I afford to own two cars, one daily driver and another towing vehicle, while insuring both? Nope.
and btw, horsepower does not equate to towing ability. that and electric cars use crazy heavy batteries which usually means a large decrease in towing ability, and crappy ride characteristics.
Cooter wrote: "plus its obvious from your posts that you don't know all that much about engineering "
That didn't stop one of the largest defense manufacturers in this country from naming me engineer of the year in 1989. But .. honestly ... I've learned so much since then.
Cooter wrote: " and still not too sure why you're calling me cooter "
Well .. the guy who has been stalking me for 9 mon trying to get me into a MMA cage fight with him I've named Twinky. The woman who claims that Jesus spoke to her from her cat's hairball I call Granny. The guy who claims that Elvis is alive and promoting his career I call Goober. The fellow who claims that gerbils are the most advanced civilzation in the universe I call Jethro. Shall I call you Gomer instead?
Well said Mcotter the auto industry cannot be allowed to fail, the repercussions would be horrendous, but the question is where does it all end. Why did nobody in authority spot what what the banks were up to months ago...something smells rotten in the state of Washington.
The auto industry needs the EPA, excessive union power, and the banks need money to provide credit, not to hoard, use as bonuses for corporate fat pigs, or to buy out competitors.
Now BUY their companies for 10 billion, Lock, Stock and Barrel, then fire these greedy bastards a hand them a box and tell them they have 10 minutes to get out of their offices.
Congress watch out your jobs are next! We the American people are tired of giving you guys great pay and benefits! We need to help the Automakers with a loan after all you gave AIG money with no strings attached!
The pay and benefit packages (for all employees and management) needs to be brought down to current market realities. If that means a 35%-40% across the board pay/benefits cut so be it. No major pay/benefit cuts, no taxpayer funded bailout should be provided. It is very simple. It happended in my old business (airlines) and it should happen in this situation. We are in a Global economy today-not the 1950s and 60s when GM was king.
He uses a fundamental truth (that we need industry for prosperity and defense) to support a specious argument (that this plan would effect that). Show me what language in the proposal ensures that the money won't go into executives' golden parachutes. They are responsible. Did they not see this crisis coming? It was THEIR JOB to see it coming. Let me see a proposal that puts money into families and into a developing industry.
GM workers just took a pay cut this last National contract. Also we gave back a buck per hour a few years ago. We are willing to make some concessions to help the company. If GM asked us to pay 25 bucks a week per employee for health care that is 18 billion a year. Just tell me where to send the check.
P.S. The UAW workers do not make 70+ per hour thats a lie.
Just for your information since you seem to claim to know SO much but clearly know nothing at all. In our last contract we made all sorts of concessions which included pay cuts and lost vacation hours adding up to thousands of dollars lost by hourly workers.Our sourced jobs and layoffs. We are also tax payers and its not a hand out its a loan which will be paid back PLUS INTEREST! So drag your ignorant knuckles back to the rock you crawled out from and go find someone else to be jealous of.
PizzaGod: GM, Ford, and Chrysler made the vehicles that technology allowed AT THE TIME! The same could be said of the Japanese. Time to give an American car company a chance after almost 3 decades, eh? Before Chinese food becomes American's favorite fast food...
Frank is a piece of trash. Real mature, constantly treating the house like he's in charge of a preschool. Mr. Mush-Mouth Frank has to be one of the dumbest individuals I have ever seen.
Someone finally gets it and we are able to see it. EXCELLENT! This is an even, logical definition of socialism, capitalism and a hint of what communism may do. EXCELLENT. White collar and blue collar, if you will, need to VIEW each other as equals. When will society see our arrogance in its proclamations and defintions of the social and economical distinctions. WE ARE ALL ONE!
at every gm plant I have worked at there was a seprate parking area clear in the back of the parking lot for the foriegn junk. Your wonderful Government with its free trade has created this situation. How many KIA's was imported this year? And how many cars did korea allow imported.
I do work next to a plant (arlington,tx) that makes suv's. I took a picture yesterday morning. Less than half seen are GM. There are a lot of toyota and hyundai there. Good luck with your $40 hour "assembly" jobs and execs that make millions. The standard unemployment is about $325. Try living on that like the multitude already because we don't make anything. How can you defend your own company that makes parts in another country. Maybe because for the time being , you still have your job.
They all pay the same. New UAW hires get $14/hour. Study up before you comment. See your Toyota truck's camshaft recall, and awful interior. See what happens to you if the U.S. auto companes fail, look up the ford fund, and read who donated dozens of vehicles on 9/11, it wasn't anyone but the big three.
The auto execs are being scapegoated for government failure to monitor Fannie Mae and Freddie Mac which caused the economic disaster. It's also a great opportunity for government to take over private enterprise. The beginning of true socialism. Better be aware before it's too late.
"in 2007, more than 9.3 million bought GM cars and trucks, in a dead heat with Toyota as the worlds largest automaker. It was the second-best sales year in GMs 100-year history.
600,000 potential buyers waiting for the 2010 Camaro - Cadillac CTS, Motor Trend magazines Car of the Year.
Malibus selection as 2008 North American Car of the Year.
Nobody said shit about this until these hearings took place and I've never heard anyone on the street complain about what they were manufacturing until this crap started!Why is it that all these banking institutions and Insurance companys haven't had to present a so-called plan for recovery before they were given the billions they got? Why didn't they have to come back at a later date to see if the govt would help them?Because we've been raped, thats why! War on the middle class! Its real !
How can anyone say that the big three didn't make the cars that everyone wanted when they sold millions of vehicles ranging from small economical to big commercial trucks and suvs'! I'm tired of hearing this bullshit! I make hubs for these companys for a living and I know by the volumes which we produced that they were moving vehicles like crazy over the years!Get off it already, its a lie!
kcblkeeley (2 hours ago) Show Hide 0 Marked as spam Reply | Spam You guys in the auto industry (owners and employees alike) have done it to yourselves. Make something people want to buy and stop the BS. Just look on your own parking lots and see that half the cars are foreign. Morons!
1) if you work for anyone of the big 3 you will drive a american vehical to work.
2) the cars&trucks the big 3 sell have been selling so someone must like them.
This comment has received too many negative votesshow
You guys in the auto industry (owners and employees alike) have done it to yourselves. Make something people want to buy and stop the BS. Just look on your own parking lots and see that half the cars are foreign. Morons!
The wall street geeks on wall street with their computer algorithms are not the individuals who killed the market. It is congress with the enactment of the Community Reinvestment Act beginning in 1977 and with the final stroke to trash the economy engineered by Clinton, Rubin, and Andrew Cuomo1997. DC loaned to individuals who could not or would not pay back loans and DC was the architect of that disaster. Bush tired to stop. You should get loan but blame is due to Barny Frank and ChrisDodd
(part 3) It's economically irresponsible to suggest pay cuts for hourly workers or vote no to any kind of assistance that would help the big three out of this difficult time. I also think there should be mention of bringing back the North American Auto Pact to further protect our faltering auto industry.
(part 2)Most of us also have deductions coming off our cheques weekly for the united way.People with lost jobs or lost wages do not contribute to the economy instead they tighten their belts and try to get by on less. Once we're gone where do you think this money is going to come from?
Finally someone has the brains to stand up and say what is right! No one is looking for a hand out its more like a hand up! Working at Ford I really must say that most of our work force pays in taxes here in Canada enough weekly to support another whole family on social assistance not to even mention what these companies and union do as far as charities and the surrounding community...
July 26, 2011, Isn't it very obvious to everyone just how much trouble that OBAMA has caused everyone. The Economy is totally in a mess and it is all Obama's fault.
MASTER105175 6 months ago
July 26, 2011, Who is be evil 4 a day ? I do not know who this person is who left a comment saying that I am wrong on so many points. Well, if this July 4, 2011 is the words you are responding to then I just must say that 90% of all music in the U.S. today is very disturbing to have to hear. And there are so many cars that it seems there are more cars than people. Soft music is ok once and awhile and one car should be enough for one person. I was wrong about GOP. and maybe too harsh.
MASTER105175 6 months ago
July 4, 2011, Music is wrong and Music has ruined the American youth and people. I am tired of hearing Music in America.
and America doesn't need any more cars. There are too many cars already in America. And too many people running for President in GOP will cause Obama to get all the votes. Obama go to HELL.
MASTER105175 6 months ago
@MASTER105175 Oh man, your comment is wrong on so many levels, I really don't know if I can answer it all in one comment.
Why build more cars? Let me ask you, how many cars built before 1995 do you see on the roads? Cars, like horses, have life-spans. A descent car should last 10-15 years, a good horse about 10-15. A car goes infinitely faster, and in reality, leaves about as much pollution behind when its dead and gone.
bevil4aday 6 months ago
@MASTER105175 Next. Only one person will run against Obama in 12. He, like the 200 other people he's running against, are seeking the REPUBLICAN nomination, not all of them will be in the General Election. Only one of them will, and they will essentially go head to head against Obama.
And your opinion about music is just that, your opinion. I for one think that music is an amazing art and great forum for individual expression. That's just me though.
bevil4aday 6 months ago
This prick voted for the auto bailouts? He should be a Democrat.
AngelaT0763 6 months ago
This has been flagged as spam show
go look at my videos about detroit.
TFproductionsInc 10 months ago
This is a guy that gets it. Finally some one with common sense. Check it out he is not reading a script, just speaking from his heart. A man that should run for President!
69birdflu 2 years ago 11
There's a wide screen video on the wall of the room but here on youtube we get a cropped version, Where's the wide screen video that is feed to that monitor on the wall of that room? It's certainly not here. please update this video.
raypsi 2 years ago
@raypsi it's most likely a 4x3 zoom, so calm down.
gbtfox 9 months ago
@gbtfox I don't pay taxes so it isn't my money, I am on EIC
raypsi 9 months ago
@raypsi it's most likely a 4x3 zoom, so calm down.
gbtfox 9 months ago
@gbtfox so that means those video specialists over there in DC don't know how to spend money?
raypsi 9 months ago
Please work on Immigration Reform now!
America needs it! Stop tearing families apart!
Allow undocumented immigrants to enter the system and come out of the shadows so they can start contributing to the development of the country!
carly35 2 years ago
The American auto industry is not helping out the American people enough. From the car shows American auto companies are targeting consumers of various income levels. What about the institutional customers? American autos are not competitive in terms of price point with foreign autos. American autos have no synergistic governmental or organizational plan. The American auto industry is still thinking in terms of 70's paradigms.
Kroger43 2 years ago
mccotter has to go, i would say , you have to go, mccotter actually makes sense, you don't, you moron. Mccotter is balls on........
EasyE38 3 years ago 6
This comment has received too many negative votes show
McCotter, you should resign. Bush spent all the money and more and you permitted it. GOP has to go.
saadasim 3 years ago
Its the wal-mart effect soon the US auto makers will need to force the suppliers to move to china (more jobs gone)
This is how foreign auto makers will kill us, wake up America It's Like Sheep To The Slater How many jobs do we have to lose?
FluxCapacitor2008 3 years ago
Automotive products account for about $11.2 billion of the monthly trade deficit. Japanese and Korean manufacturers have captured a larger market and are expanding their U.S. production. However, Asian manufacturers tend to use more imported components than domestic companies
FluxCapacitor2008 3 years ago
By contrast, foreign auto makers receive far more from U.S. taxpayers in various forms of government assistance. In Tennessee, for example, state and local authorities offered Volkswagen $577 million in lowered taxes and other benefits in exchange for the plants it is constructing, at a staggering cost of $288,000 per job created
FluxCapacitor2008 3 years ago 5
As proposed, the requested bridge loans represent roughly $4 billion in assistance to U.S. auto makers, that is, the cost of a low-interest loan. With 240,000 employees spread among the three U.S. companies, that works out to less than $16,000 in temporary taxpayer assistance per job.
FluxCapacitor2008 3 years ago 2
ANY GUYS UP?
i cant watch this video Jt
Drpepperrock31 3 years ago
seen it yesterday! lets chat
ANYONE UP? I NEED SOMEONE TO TALK TO at
Darkones1234 3 years ago
Say what you will about the auto industry but THAT was a very eloquent and poignant speech!!! Bravo Rep. McCotter!!!
I too agree with you about the $700B "banking bailout" and the hypocricy of the Barney Franks of the world... That Lispy-Lipped M'-F'er sat back and got PAID OFF to watch our financial house of cards crumble...
I am PROUD to be a constituent of yours today!!!!
PJS50 3 years ago 3
You rock McCotter!
andgea 3 years ago
For all of you big talkers who want to see the big three fail I almost hope you get what you ask for because you short sightedness has prevented you from seeing that the ramifications of that failure would be A total economic collapse of the whole country resulting in you going down with them in the not to distant future. Then you can see first hand what its like to be kicked when you're down for doing nothing more than trying to earn an honest living.
jcub905 3 years ago 2
Thrice, real intelligent, you misinformed moron, i live in southeast Michigan, same district as McCotter. He's a fine man, with great ideas, and a straight shooter with common sense. The only reasonable choice was a bailout.
EasyE38 3 years ago 3
It would make sense to say no one outside of Detroit would be affected by the Big 3 going bankrupt if ALL of the manufacturing, technology, assembling, rubber, paper, plastic, glass, leather, fabrics, steel, electronics, computer chips, sensors, filters, bulbs, financial services, delivery services, scholarships, & donations were ALL produced only in Detroit, but guess what, all of the above are produced by big & small companies who have contracts w/the Big 3 all over the USA, so wake up people.
crazyuncle999 3 years ago
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Fuck you McCotter for voting for the Auto bailout!
Thrice13 3 years ago
Well at least he can make a case and deliver a very detailed oration and discussion of the problem extemporaneously while you can only throw an F bomb in a phrase. You are real impressive.
jimjdcpa 3 years ago
He's just doing it to ensure he gets re-elected in 2 years!
Thrice13 3 years ago
The UAW pay and benefits will eventually be cut to the SAME level (regardless of UAW seniority) as the auto factories in 'right to work' states. It is not a matter of if but when this will happen in Detroit. A quick bankruptcy and restructuring (ie: pay and benefit cuts) is the best route for the Big Three. We are in a Global economy today and the auto business practices of the past are no longer viable.
lasuvidaboy 3 years ago
This has been flagged as spam show
AMERICANS you did a fine job telling how important it is to buy American products from food to autos from USA companys who make and have higher standards fairer wages for USA workers and must comply with laws of our nation and be held responsible when they dont. Unlike many other nations selling goods in our country. Its time for all of our states to support one another. And not be traitors to some foriegn country lining their pockets and to cause people in the USA to live worst off with less
bestwayusa1 3 years ago
Springr1911, stop arguing with this liberal loser and get you butt home for dinner. Some peaople are "special" and can not be burdened with the reality of most situations. Regurgitating media garbage is much easier than thinking for yourself, in respect to the "special".
Oh, it's cold, wear your jacket!
PaytheDuck 3 years ago
Another imbecile who would rather drool for a lifetime than learn for a second.
Ummmmm ..... I have been a conservative Republican activist snice 1979.
But hey ...... there probably isn't a single subject on which you can converse intelligently.
I'll leave the regurgitation to you, there are far too many reliable sources to waste my time with your high school dropout media sources.
MISTERWHITE111 3 years ago
Hourly pay for assembly line workers tops out around $28; benefits add about $14. New hires at the Detroit Three get $14 an hour. There's no pension or health care when they retire, but benefits raise their total hourly compensation to $29 while they're working. UAW wages are now comparable with Toyota workers, according to a Free Press analysis
uawandproud 3 years ago
The oft-cited $70-an-hour wage and benefit figure for UAW workers inaccurately adds benefits that millions of retirees get to the pay of current workers, but divides the total only by current employees. That's like assuming you get your parents' retirement and Social Security benefits in addition to your own income.
.
uawandproud 3 years ago
you find me just 1 production worker that makes 70+ just 1. you wont be able to because there is not any. do some research. that is a inflated number. that high number includes hundreds of thousands of retirees. if you just figure the benifits and wage each worker actully gets the wage comes out to be less than toyota.
uawandproud 3 years ago
You have to factor that in. They are paying for people who haven't worked in years, so the number isn't inflated. The number is a cost to profit ratio. If you thank that shitty I can give the numbers for S.S. it's based the very same model.
Springr1911 3 years ago
Let's give the finincial idiots $700,000,000,000 with no kind of plan, but don't give those greedy blue collar workers one penny??? Good luck USA!!!
Canadasvt 3 years ago
If those blue collar works werent getting paid $80 an hr, after you factor in benefits and salary, GM wouldnt be in this situation in the first place. I put that on the AWU not the employees. What were seeing here is exactly whats in store for Social Security. It can not sustain its self when more is going out then coming in. Without the banks we get to go back to the stone age.
Springr1911 3 years ago
You're complaining about $80 an hour production workers, yet that is peanuts against top heavy 6 figure managements. Are you going to tell me you aren't making more than $80 an hour when your benefit package is factored in?
The Big 3 are in trouble because they aren't making sales. Who wants a 15 MPG vehicle that they drive aggressively and so only get 8 MPG when fuel is $4.00 a gallon? If the US govenment wasn't subsidizing the cost of gas, that cost per gallon would be much much higher.
MISTERWHITE111 3 years ago
Big Scary Oil doesnt get subsidies from the government, they receive tax write offs for drilling, they are as follows Intangible, Tangible, Depletion, and/or dry hole The Government doesnt subsides Gas they tax the shit out it. Oil price doesnt dictate gas price, because they are two completely different products. Now, Green energy is shit, because it consumes more energy to create it then it will be able to produce. Batteries are a perfect example.
Springr1911 3 years ago
How much of the war in Afghanistan shows up at your cost at the pump? The war in Iraq? The billions spent to buy foreign despots? The billions spent bribing the proto-Taliban? The billion spent escorting Saddma's oil tankers during the 1980's? I can give you a thousand examples. Even Dick Cheney was quoted in 2001 as saying the actual cost of a gallon of gas was something like $15.00 a gallon.
What is the net loss for, for example, the Coriolis turbines? There isn't one.
MISTERWHITE111 3 years ago
I hate burst your bubble there big guy, but we didnt go to war for oil. If we had then we would be using the proceeds to fund the war on terror. No we went to war with a country that sponsored terrorist and produces a large amount of the globes oil. Oil is the most important commodity on the planet. Its because of oil that we went from horseback to the moon in 70 years. There is no substitute for oil, it makes every thing..Even your precious batteries.
Springr1911 3 years ago
I guess you've been in a coma since 2001. You need to get up to speed. If you were capable of reading my earlier posts, I compare our oil based technology with the 15th century wind Netherlands economy that crashed and the British coal based economy that crashed. Our economy will not survive if we are foolish enough to base it any longer on oil. There are many sources that, when taken together can replace oil. Lead, follow, or get the hell out of the way of people actually doing it.
MISTERWHITE111 3 years ago
You can build that technology without oil. Petroliam is used to produce 100% of goods we use and consume. Unless youve found some new resource on some distant planet, oil is as important as water. The only thing we can do is slow our consumption. Nuclear for energy, natural gas for transportation, those things could start tomorrow.
Springr1911 3 years ago
We could wake up tomorrow using 1/2 the oil we use today. The guys sitting for hours in the Price Club parking lot in their Excursions reading Field and Stream with the engine/AC running while the wife shops might stop. The guy in the 12 MPG vehicle driving agressively getting less than 8 MPG might stop. The kid who lives across the street from me doesn't need to warm up his car for 30min before driving the 3 mi to his high school. I'm sure they will stop wasting if you ask them nicely.
MISTERWHITE111 3 years ago
Fission nuc technology isn't the answer. According to SciAm, we have about 130 years worth of fuel for the current technology power plants. We waste 96% of the energy in the fuel we use today.
My preference is to reduce the world's population to a sustainable level, but for some reason, I can't get people to stop having children they really don't want.
MISTERWHITE111 3 years ago
Im all for conservation, but Im also a realist and artificially inflating the price of gas to make people not drive is socialism in it purist form. Government control of the citizens actions. I take it you live in the Socialist Republic of California. About $2.00 of every gallon of gas is tax there. Thats extortion and amazing because theyre still in debt to the sum of 9 billion dollars.
Springr1911 3 years ago
We drill 12 KM for oil, why can't we drill 10 KM for geothermal electrical production. We have mines nearly 4 KM deep, many are abandoned. It only takes a temperature delta of 140 degrees to make efficient geothermal on a commercial level. The Gulf Stream has more energy than all the rivers in the world combined.
MISTERWHITE111 3 years ago
Just because you have a hole in the ground doesnt mean that its going to be hot. Geothermal doesnt work every where; the power comes from magma so the best places for that are near volcano. This is why they work in Washington. That said Im for every form of energy there is as long as it gets us off of the OPEC tit.
Springr1911 3 years ago
The deeper you go, the warmer it becomes. Some of those mines have ambient temps above 140 degrees. As to artificially inflating the price of gas ...... I'm not talking artificial. There is a real cost that is being funded by income taxes that would be better served as part of the cost at the pump.
BTW, you need to add socialism to the list of things you need to learn about.
MISTERWHITE111 3 years ago
Youre one of three things incredibly misinformed, Rainman retarded, or a flat out liar. Ive been a an NASD broker for a few years and in the oil business my whole life and what your doing making shit up and making the lesser intelligent even more ignorant as to the facts. The US doesnt give subsidies on gas, they never have. The only product that receives gov, money is Corn farmers for ethanol, not Mobil.
Springr1911 3 years ago
You are formally invited to identify the post where I said anything about subsidies on gas.
MISTERWHITE111 3 years ago
Misterwhite111 Quote#1 I'm not talking artificial. There is a real cost that is being funded by income taxes that would be better served as part of the cost at the pump. Quote #2 Even Dick Cheney was quoted in 2001 as saying the actual cost of a gallon of gas was something like $15.00 a gallon. You insinuated that theres some hidden cost in fuel cost. If anybody is subsidizing fuel costs its the oil companies. They loose money on gas.
Springr1911 3 years ago
Here in Va, much of road repair comes out of general funds instead of the gas tax. Then there are the cost of protecting the production and distribution system using the US military. Then there is the war in Afghanistan and Iraq and the homeland security due to our interference in the Middle East. Remember the billions that were knapsacked into the groups of people to bribe them into signing onto an oil pipeline thru the 'stans.
I coulds give examples like this for hours, but it is happy hour
MISTERWHITE111 3 years ago
All of the Middle East and Argentina are the countries that subsidies GASOLINE. Question: What is Exxon/Mobils global production percentage? Question 2: How much of a barrel of oil is used to produce gasoline? Question 3: How many gallons make a barrel of oil? For someone how thinks hes so smart I bet you cant answer one of these questions in less then one minute. Any longer and everyone will know that Googled the answer.
Springr1911 3 years ago
~~~~CHORTLE~~~
I recognize a trick question in the three. Memorizing trivia from someone else's field is not something I spend time doing. But if you feel the need to show off, please tell us.
Meanwhile, my points stand.
MISTERWHITE111 3 years ago
That exactly what youve been doing for 2 days now, energy is my field. Ive presented nothing but verifiable facts and you keep arguing with me. Theres no super conspiracy to keep out so called GREEN energy, just no good ideas. Models are great until you expand them to real world production. Oh and GLOBAL WARMING IS BULLSHIT. Answers: 3%, 42%, and 42 gallons. Im done with this conversation.
Springr1911 3 years ago
Energy is your field?!?!?! Yet (although you seem to know worthless trivia such as gallons-tech people like myself use liters etc.) you know NOTHING about the social, economic, political, military, security issues of what you claim to be your field. How embarrassing that is for you. Global warming is bullshit? Empirical evidence shows otherwise What are you, an administrative assistant? Would you get me a cup of coffee?
ROARS WITH LAUGHTER!!!!
MISTERWHITE111 3 years ago
Can't resist this ....... your claim "just no good ideas".
Shhhhhhh ...... don't tell the people who are actually currently producing energy from waves, currents, geothermal, and so forth. They will laugh in your face.
MISTERWHITE111 3 years ago
GM has currently 115k hourly employees. At an average of $80 per hr it cost them 12 million an hr to run their business and that without OT. You know some jobs are just worth 9, 10, or 12 an hr.
Springr1911 3 years ago
I know that the CEO for the large defense manufacturer I retired from made multiple millions yet they could have gotten a monkey with a shaved ass to do just as good a job. I had to sit down and explain the same thing to him 3 times before he would claim he "got it". I don't think he ever understood what the company did.
MISTERWHITE111 3 years ago
I couldnt decipher a point or an actual argument from your ramblings with a Devin chi Code Decoder Ring. The fact that you cant see how toxic unionizing any workforce can be for a company only shows your blatant ignorance for basic economics. When I called you a Clip Bully that wasnt me trying to play the martyr, it was just a nicer way of calling you DICK. I hope youre happy youve officially made me and every body thats going to your posting dumber having read them.
Springr1911 3 years ago
If you let me know what part of the country you live in, I know some excellent "English as a 2nd language" tutors that can help you with your comprehension.
As to your game of playing the internet victim, here is a hint for you ... it only works if you aren't filling your "supposed bully"'s e-mail account with message after message.YOU are the aggressor,you are the attacker,you are the one flaming rather than responding to specific points.
I accept no responsibility for you being a moron.
MISTERWHITE111 3 years ago
Here you go Da Vinci spelled correctly. FYI you havent made a point yet, so Im arguing with myself.
Springr1911 3 years ago
Da Vinci or Devin chi, you still need the help in English as a 2nd lang. That way, when I make a point (I've made dozs) you will understand enough to know it.
Talking to the voices in your head? You aren't doing what is known as argumentation. That would require much much more than your 2nd grade education.
That would involve taking the dozens of facts I've given and disputing them.
What I think is particularly humorous in your trolling of me is that you think I am defending unions.
MISTERWHITE111 3 years ago
Lets recap, my point was that the big 3 shouldnt receive one red cent until they file bankruptcy, cut loose the unions, and reorganize so that they can run their business like a normal company. They can not compete with the foreign markets who do make vehicles at a lower cost, and their not asking for a handout. If they keep the business model to the current status quo then a 25 billion dollar loan will only be delaying the inevitable.
Springr1911 3 years ago
My point: don't give the big 3 one cent .. period. That giving them $25 bil to crank out dinosaurs will only prolong the inevitable. Put the money into a Manhattan Project on transportation as part of the Mnhattan Prj on energy. Give guarantees to Tesla to build factories for shells and batteries in Detroit so those don't have to be imported from Europe. Workers lose their jobs building guzzlers; hire them on assembly lines building 300 HP minivans that cost 1/6 what it costs to operate a Prius.
MISTERWHITE111 3 years ago
Thank you for finally making a point that can lead to a two way discussion, but surprisingly I have to disagree with you again. Tax payers shouldnt subsidize any business. There are 100s of billions in investor capital waiting to find something to invest in. This so called GREEN ENERGY which is a load of crap is hot for investors, and when they finally find something that will work, those people will make 100 to 1 on their money.
Springr1911 3 years ago
You mean the point I had already made 3 times on this thread alone? I have been making points for days .. you haven't been reading them. How about tax payers subsidizing the oil business? How about the church business? That investor capital you mention, the last time investors (I was one of them) started putting money into green energy, the big oil (with big auto) used their lobbyists to turn up the spigots in Arabia which put those businesses under. Okay genius, why is green energy a load?
MISTERWHITE111 3 years ago
hey... why dont you guys use the "reply" option.
snowdwellr 3 years ago
Hey... you two should use the "reply" function for your silly little spat
snowdwellr 3 years ago
Silly little spat? Were talking about billions of tax payer dollars going down the drain. How ells are you gong to see or hear opposing thoughts on this crucial subject? Feel free to hop in and share your thoughts on it.
Springr1911 3 years ago
I am glad this all is closing.....CARS COST TOO MUCH....I HAVE A PROFESSIONAL DEGREE AND MAKE HALF OF WHAT THESE UNION EMPLOYEES MAKE?????
uhoh38125 3 years ago
This Representative will get my vote for whatever office he runs for in any future elections.
InstantRebate 3 years ago
A politician who gets it. Wow, what a concept.
SK8ERWWE 3 years ago
Well, I just lost my job today because of this mess. I hope people realize how far the auto companies influence spreads.
jmjbean 3 years ago
His view point is right on mark! OMG when is everyone going to wake up and smell the coffee? He is 100 percent right and he is an intelligent person. You really have to ask yourself, where is our country heading? We must help main street together with wall street and forget about the corporate jets and the top execs for a minute and remember the workers who have families. I suppose the AIG execs are left in the shadows in all of this but execs are always execs, they probably won't change....
videowatcher212 3 years ago
videowatcher wrote: " You really have to ask yourself, where is our country heading? "
It is heading the EXACT same direction as 15th century Holland (wind tech)and 19th century England (coal tech). As long as our country continues pandering to oil (ie, living by 19th century technology in a 21st century world) we have only one destination .... becoming a 3rd world country. And we will have to kill every other human being on the planet in order to keep using oil.
MISTERWHITE111 3 years ago
okay, that is a bit far off but I can see your point. The automakers are working on electric and hybrid cars for the future. I can see your view on the "fight for oil" but again, we are moving into the future now and perhaps we will be fighting over batteries then? The main point that I am trying to make here is to help not just wall street but main street workers who are our backbone of our economy.
videowatcher212 3 years ago
Why can't we invest in domestic oil production and also invest in future technologies? Stop grandstanding and think about the actual realities on the ground. Oil based vehicles will be around for a very long time. Hybrid and then fully electric vehicles will replace them in time. But lets support both of these technologies and the American worker at the same time. Not every human being has to to die. How do you have a conversation with that logic?
tstark37 3 years ago
Why shouldn't we build hundreds of buggy whip factories at the same time we are building quantum computers? For decades, the people who are involved in oil production have prevented the development of "future technologies".
The faster we get away from oil based economy, the better the economy will become, the better it will be for blue collar workers in America, the better our national security will be, and so forth.
MISTERWHITE111 3 years ago
tstark says that my support for a move to 21st century, high efficiency American products is a call for every human to die .... and then he has the gall to say this: " How do you have a conversation with that logic? ".
Twinky .... a call for a shift away from oil using, 19th century technology and shifting to 21st century highly efficient technology *** IS THE ONLY *** pro-American worker position.
MISTERWHITE111 3 years ago
I'm not saying that at all. Those were your words, not mine. Of course I support the call for more efficient vehicles. We may differ in how to best accomplish that transition.
tstark37 3 years ago
tstark37 wrote: " Those were your words, not mine "
My words were that we are now fighting 2 wars over oil. 9/11 was because of oil. The invasion of Iraq was for oil. There are finite oil reservoirs. All 3rd world countries are ramping up to get their share of the oil that remains. We will soon reach peak oil and will head downward. Oil production has, everywhere, surpassed new finds. We are going to have to fight someone for oil in 2050 ... unless we move on to 21st century tech.
MISTERWHITE111 3 years ago
It's called hyperbole. Your words in the previous post were "that every human must die". I think it was fair for me to comment on that.
tstark37 3 years ago
Tesla's all-electric car cost $109,000.Only 63 have been delivered to customers.
Tesla isn't any different from the Detroit Three in one regard: It too is looking for government assistance. Tesla Motors has applied for $400 million in low-interest federal loans under the $25 billion loan package approved by Congress a year ago.
budschick 3 years ago
Bud wrote: " Tesla's all-electric car cost $109,000."
And?????? Ford's first cars cost far more adjusted for time. Each is HAND BUILT. Each has its shell FLOWN IN from France. Each has its battery pack FLOWN IN from England.
Take the $25 billion, build battery and shell facilities in Detroit instead of having them made in Europe. Make mass produced $25K cars. Why would an auto worker care whether the car he is building costs 40 cents per mile (Excursion)or 1 cent per mile (Tesla) to drive.
MISTERWHITE111 3 years ago
budschick wrote: " Tesla isn't any different from the Detroit Three in one regard: It too is looking for government assistance."
Really? What are the legacy costs for Tesla? Is Tesla mass produced? How many years has Tesla been in business ... 100yrs? Do you really think there is no difference between $25 billion and $400 million? Which of the 2 (Tesla or the big 3) is making a product that is useful in the 21st century? Which one has executives making 1200 times the lowest paid employee?
MISTERWHITE111 3 years ago
Congressman McCotter is 98% correct on this issue. The only problem here is the Unions are the very reason the American Auto Ind. Is in the shape it is in today. The AWU hold the EMPLOYEES hostage from the EMPLOYER. I have no problem giving the big 3 there much needed funding, but only if they file bankruptcy first, burn their contracts with the AWU. 86 the union or 86 GM.
Springr1911 3 years ago
obviously, you are not pro union. Yes, unions have been picked on and picked on until their numbers are dwindling now. I think if it was your livlihood you would reconsider that point. I agree that there are parts of the union contracts that need to be addressed but just dropping the company into bankruptcy is entirely not the answer.. You should really understand more about the auto industry before you make that decision...
videowatcher212 3 years ago
I was union for 9 years while finishing high school and getting my first 2 university degrees. I KNOW enough about unions and am not pro union any more.
What happens to union members *******DOES******* affect my livelihood, my small business.
The companies screwed themselves. More
MISTERWHITE111 3 years ago
I remember when Gore was running for pres and he went to Detroit to talk to the unions about their criticism of his increased CAFE standards. He tried to explain that the labor involved in putting a mirror on a 40 mMPG vehicle was the same as putting a mirror on a 10 MPG vehicle. And that producing a 40 MPG vehicle would take market share away from the foreign car companies. I don't think it got through their thick heads.
So the union screwed themselves too.
MISTERWHITE111 3 years ago
Im from Dallas and have plenty of friends that work for GM. They are union not by choice, and hate the us against them mentality that the unions have on the companies. Unions hold the employees hostage against the very company that employs them. Thats blackmail not good business. Toyota and Honda arent having these issues whys that? No unionsCost per hr. to build a car is ½ that of any American auto company. The numbers just speak for themselves.
Springr1911 3 years ago
History lesson: H Ford introduced the $5/day wage in 1914 more than doubling the at-the-time pay. This kept the workforce stable, increasing the quality of the product, lowered the massive turnover due to the monotonous repetitive work, made assembly line stoppages more rare, and made the workers capable of buying cars increasing the customer base. Prior to the assembly lines ... almost NO ONE could afford to buy a car
Nos speak for themselves? Make sure you understand the numbers. (More)
MISTERWHITE111 3 years ago
With all due respect what are you talking about? Im talking about the cost per hr for GM to produce a car vs. Toyota/Honda, and youre talking about Henry Fords pay scale to keep employees working a repetitive job. Ford didnt have to deal with labor unions.
Springr1911 3 years ago
I identified it as a history lesson.
I also identified that there are legacy costs involved that Toyota and Honda don't have to deal with. And Ford *******CHOSE******** to pay his workers double the going wage, without union involvement, because he could stomp the competition by doing so. NO ONE could compete with him.
I also identified that when you compare the cost of a GM product and a Honda product, you are comparing apples and oranges.
***THAT'S*** what I'm talking about.
MISTERWHITE111 3 years ago
SO you want to give a history lesson without telling the whole story; Ford paid his employees a higher wage not to compete, because there wasnt any competition at the time. He paid them to stay sober and not smoke on the job so they could produce at their highest level possible. Hence lowering his cost per car and increasing his profit margin. Also this allowed him to put a car in every driveway as he put it. If his employees had tried to unionize he would have fired all of them.
Springr1911 3 years ago
Ummm ... Twinky ..... I can give you the whole story ...... in 500 word increments, I might be able to complete it in ... say ..... 10,000 installments. Since you are claiming to have the whole story, I will let you go ahead with the first 9000. When you run out of steam, I'll fill in what you left out.
Stop blubbering about clip bullies ... you aren't a martyr. Be a big boy.
MISTERWHITE111 3 years ago
Judging by your comments here you couldnt explain a pack of gum to me or anyone ells for that matter. So I can only assume that it would in-fact take you 10,000 words to explain anything. To get you back on track we were talk about unions and you brought up Ford who never dealt with unions. You mentioned competition and there wasnt any. So Im a little curious about what youre going to educate me on next, since you havent taught me shit yet!
Springr1911 3 years ago
Ummm ... Twinky ... my posts were at least accurate ... yours weren't. FACT: there were other auto assembly lines at the time. I can't educate someone who is bound and determined NOT to want to learn. But to really get it back on track (aside from your attempt at playing the victim and whining about unions), why should we bail out auto makers who used their assets to stomp out 21st alternatives to their dinosaurs? It isn't that I haven't educated you, it is that you are unteachable. Grow up.
MISTERWHITE111 3 years ago
This has been flagged as spam show
I couldnt decipher a point or an actual argument from your ramblings with a Devin chi Code Decoder Ring. The fact that you cant see how toxic unionizing any workforce can be for a company only shows your blatant ignorance for basic economics. When I called you a Clip Bully that wasnt me trying to play the martyr, it was just a nicer way of calling you DICK. I hope youre happy youve officially made me and every body thats going to your posting dumber having read them.
Springr1911 3 years ago
The numbers speak for themselves? Legacy costs: $631 per Chrysler,$734 per Ford, $1360 per GM Honda $107 and Toyota $180 (per vehicle). Foreign vehicles don't have those legacy costs in this country. Source: Prudential Financial Study as reported by Kevin Phillips.
You need to interrogate those numbers, not just pound them. Do you claim that a Corolla should cost as much to build as an F350?
the Big 3 are not competing head 2 head against foreign companies with the same classes of vehicles
MISTERWHITE111 3 years ago
I was wondering how long it was going take for the clip bully to find me. Consumers could purchase an American or Japanese car, when making that purchases it comes down to cost vs. value. The foreign vehicles give the consumer the perception of a greater value because they cost about the same and Hondas last longer. GM cant lower the cost of their vehicles because of their overhead do to ridiculous employment cost, hence pricing them selves out of the market.
Springr1911 3 years ago
Well spoken and Mr. McCotter continues the fight!!!!! He has a 4 point plan that makes sense and wants to hold the banking industry to the same grilling!!!
myownwaytorock 3 years ago
Well thank the heavens my senator and congressman's pensions are safe They are insured by AIG so why wouldn't the federal government Give them money. AIG insures all federal employees pensions. Thank the heavens our wonderfull government officals have health care for life at no cost to them. Thank the heavens congress is only in session a few months of the year. I sure dont want them guys to work to hard.
Thank the heavens for a man like McCotter
uawandproud 3 years ago
So when do we taxpayers stop bailing out corporate failures? The money should have gone to people who have lost jobs, being tossed out of their houses and unable to make ends meet. It is a fact that every mortgage in foreclosure could be given $200,000.00 each (which would pay off / down most of the mortgages of the middle class), thus solving 2 problems - 1, no defaulted home loans and 2, the money paid to the banks for the mortages generates free cash for future loans
HorsemKA 3 years ago
(thus ending the credit crisis)that is being blamed on the mortgage issues. Screw big businesses who fly in corporate jets to go ask congress for money. Are they too good to fly coach, or even drive one of their own crappy gas guzzling vehicles they make? WTF????
HorsemKA 3 years ago
Whine whine whine. If the big three had spent the money retooling 2 decades ago instead of using that money to crush the competition from alternative energy, they wouldn't be crashing and burning.
Take the $25 billion give it to Tesla on the condition they open assembly lines in Detroit, battery and shell manufacturers in there too, and let the UAW go work for them. Tesla can assembly line 300 HP minivans that run on a house hold current charging.
MISTERWHITE111 3 years ago
exactly!!!
abdullazeidan 3 years ago
What I don't get is a actual "BAILOUT" of financial institutions with no terms for payback, EVER, yet when the auto industry asks for bridge LOANS, WITH PAY PAYBACK TERMS AND INTEREST, TOWARDS THE U.S. GOVERNMENT, they get refused... Let's see somebody explain THAT one !!!
gblueslover2 3 years ago
Pardon MRWHITE for he does not have any idea what he is talking about!
HB1840 3 years ago
Would you stop drooling long enough to identify what part I have wrong?
MISTERWHITE111 3 years ago
have you reserved your 105k dollar tesla yet?
and after 2 million more people are unemployed, plus probably double that after the ripple effect takes hold,who can afford any of this?
MSUICEMAN 3 years ago
Perhaps you should identify a subject that you can discuss with a moderate level of intelligence and we can talk about that instead. How many Americans could afford Henry Ford's cars before he instituted his assembly lines? Fewer than can afford a Tesla. Another question, genius ... will a mass produced Tesla still need a mirror? a steerng wheel? Tires? Windshield? Headlights?
You buy 'em books and you buy 'em books and all they do is chew on the cover!
MISTERWHITE111 3 years ago
To answer your question, I would reserve my Tesla tonight but, with them making one Tesla per week and the reserve list already 2000 cars and growing daily, I really don't want to order one for delivery in 2040.
The big 3 are doomed to fail with or without the $25 billion. They have shown they can't see beyond their 19th century blinders.
Now a question for you, boy genius. Would you order a 300 HP, $25,000, all electric, mass produced, minivan?
MISTERWHITE111 3 years ago
thanks to youtube for cutting out my link. and thanks to you misterwhite, you are a fool. anyways google: tesla it takes a world ..nearly none of its components are produced in the US. But since its obvious from your myriad of posts lately you think quite highly upon yourself. Unfortunately you are spewing a lot of hot air and little substance.
BTW, if Tesla had that many backordered and it was feasible for them to make them at a higher rate, they would.
MSUICEMAN 3 years ago
This post of yours shows that you are either a flaming imbecile or that you are incapable of reading simple English. My posts on Tesla identified where the various components were FLOWN IN FROM. That is why the first of my posts advanced the notion that battery and shell factories should be constructed in Detroit. The backordered number came from an interview with the owner of Tesla from 2 wks ago. Each Tesla is hand built. My suggestion to children like you is to wait until you turn 16 to post.
MISTERWHITE111 3 years ago
When all else fails, resort to name calling. Very nice, you have shown your true colors and your intelligence all in one post.
Riddle me this, how are these magic shell and battery factories going to be in Detroit? Tell ya what, while we're at it, lets move the NYSE to Detroit. Obviously we can just put words on the internet and make things happen in this fairy tale land you live in.
MSUICEMAN 3 years ago
Let's review: YOU started the namecalling. So now, I can also FACTUALLY call you a hypocrite. If the shoe fits Cooter, if the shoe fits ...
But Cooter, I've have already addressed these things. Perhaps you can get your mommy to read back throught the thread and explain it all to you. But I still think you should wait until you turn 16 to post here.
MISTERWHITE111 3 years ago
Anyways, you still haven't answered my question about the magical movement of plants for Tesla into Detroit. Secondly, please list your vast amount of qualifications to make so many sharp statements... obviously you have a lot of experience, knowledge, and insight into these industries which you speak of.
And BTW, no, I would not buy a 25k electric minivan as electric cars do not generally have towing ability which I need. BTW, instead of reading press releases, look at reality and show me one.
MSUICEMAN 3 years ago
Ahhh .... so you need a vehicle that provides more than 300 HP in your everyday driving. No wonder we are fighting 5 wars over oil. Okay, they will just have to build an engine that weighs more than 115 pounds.
BTW ... 17.4 billion dollars can provide a whole lot of magic Cooter.
MISTERWHITE111 3 years ago
still no answer.... plus its obvious from your posts that you don't know all that much about engineering.
do I need more than 300 hp in my daily driving? no.... can I afford to own two cars, one daily driver and another towing vehicle, while insuring both? Nope.
and btw, horsepower does not equate to towing ability. that and electric cars use crazy heavy batteries which usually means a large decrease in towing ability, and crappy ride characteristics.
MSUICEMAN 3 years ago
I recognize you have no answer.
Cooter wrote: "plus its obvious from your posts that you don't know all that much about engineering "
That didn't stop one of the largest defense manufacturers in this country from naming me engineer of the year in 1989. But .. honestly ... I've learned so much since then.
ROARS WITH LAUGHTER!!!
MISTERWHITE111 3 years ago
still nothing that qualifies you as anywhere close to a subject matter expert.
and still not too sure why you're calling me cooter, but i think it provides more insight about you than it does me.
MSUICEMAN 3 years ago
Cooter wrote: " and still not too sure why you're calling me cooter "
Well .. the guy who has been stalking me for 9 mon trying to get me into a MMA cage fight with him I've named Twinky. The woman who claims that Jesus spoke to her from her cat's hairball I call Granny. The guy who claims that Elvis is alive and promoting his career I call Goober. The fellow who claims that gerbils are the most advanced civilzation in the universe I call Jethro. Shall I call you Gomer instead?
MISTERWHITE111 3 years ago
...actually, you called me Marshmellow! LOL!
billdiana 3 years ago
Well said Mcotter the auto industry cannot be allowed to fail, the repercussions would be horrendous, but the question is where does it all end. Why did nobody in authority spot what what the banks were up to months ago...something smells rotten in the state of Washington.
movement26 3 years ago
The auto industry needs the EPA, excessive union power, and the banks need money to provide credit, not to hoard, use as bonuses for corporate fat pigs, or to buy out competitors.
ChevelleSSLS6 3 years ago
man i hope the bailout does not go through, if it goes through, of course we will have higher taxes even more
greatestyankee 3 years ago
AIG is the insurer of fedral employees pensions why wouldn't your fedrally employed senator's and congressman loan that company money?
uawandproud 3 years ago
Mr.McCotter - Great Speech!
Now BUY their companies for 10 billion, Lock, Stock and Barrel, then fire these greedy bastards a hand them a box and tell them they have 10 minutes to get out of their offices.
Xshowdaddy 3 years ago
Congress watch out your jobs are next! We the American people are tired of giving you guys great pay and benefits! We need to help the Automakers with a loan after all you gave AIG money with no strings attached!
tmobileboi 3 years ago
The pay and benefit packages (for all employees and management) needs to be brought down to current market realities. If that means a 35%-40% across the board pay/benefits cut so be it. No major pay/benefit cuts, no taxpayer funded bailout should be provided. It is very simple. It happended in my old business (airlines) and it should happen in this situation. We are in a Global economy today-not the 1950s and 60s when GM was king.
lasuvidaboy 3 years ago
He uses a fundamental truth (that we need industry for prosperity and defense) to support a specious argument (that this plan would effect that). Show me what language in the proposal ensures that the money won't go into executives' golden parachutes. They are responsible. Did they not see this crisis coming? It was THEIR JOB to see it coming. Let me see a proposal that puts money into families and into a developing industry.
looknfeel 3 years ago
I hope McCotter can inspire some of the idiots in Congress.
ab012390 3 years ago
Well Put. Very Good. Right On. Thank you Congressman McCotter.
tobybarlowny 3 years ago
I have watched that speech so many times I almost know it word for word. Everybody should see it!! It's great!!
tauntonone 3 years ago
Thank you Mr.McCotter.
Until this moment I've never felt so represented by someone I've voted for.
Thank you.
KissMeOhbabyOhbaby 3 years ago 2
When was the last time GM workers took a pay cut? I'll be waiting for your replies.
thomasw78 3 years ago
GM workers just took a pay cut this last National contract. Also we gave back a buck per hour a few years ago. We are willing to make some concessions to help the company. If GM asked us to pay 25 bucks a week per employee for health care that is 18 billion a year. Just tell me where to send the check.
P.S. The UAW workers do not make 70+ per hour thats a lie.
uawandproud 3 years ago
GM worker have taken nothing but concessions for the last twenty years.
mrknositall 3 years ago
Just for your information since you seem to claim to know SO much but clearly know nothing at all. In our last contract we made all sorts of concessions which included pay cuts and lost vacation hours adding up to thousands of dollars lost by hourly workers.Our sourced jobs and layoffs. We are also tax payers and its not a hand out its a loan which will be paid back PLUS INTEREST! So drag your ignorant knuckles back to the rock you crawled out from and go find someone else to be jealous of.
jcub905 3 years ago
thank you
uawandproud 3 years ago
PizzaGod: GM, Ford, and Chrysler made the vehicles that technology allowed AT THE TIME! The same could be said of the Japanese. Time to give an American car company a chance after almost 3 decades, eh? Before Chinese food becomes American's favorite fast food...
starprincess1952 3 years ago
Frank is a piece of trash. Real mature, constantly treating the house like he's in charge of a preschool. Mr. Mush-Mouth Frank has to be one of the dumbest individuals I have ever seen.
twizatch 3 years ago
McCotter for president, finally the truth. Good job, your a credit to your district.
cvilag 3 years ago 3
Someone finally gets it and we are able to see it. EXCELLENT! This is an even, logical definition of socialism, capitalism and a hint of what communism may do. EXCELLENT. White collar and blue collar, if you will, need to VIEW each other as equals. When will society see our arrogance in its proclamations and defintions of the social and economical distinctions. WE ARE ALL ONE!
cjmodolo 3 years ago
I had to bookmark this it was so good and so uplifting and so proud and honest! Great job buddy!!
tauntonone 3 years ago 2
Mr. McCotter says it better than anybody. We can't let the auto industry fail. Wow!! He deserves a Pulitzer Prize for his monologue. Good job!!
tauntonone 3 years ago 3
I like this guy. He means what he says. So think about that before you bash the Big 3.
mushymoonman 3 years ago 4
at every gm plant I have worked at there was a seprate parking area clear in the back of the parking lot for the foriegn junk. Your wonderful Government with its free trade has created this situation. How many KIA's was imported this year? And how many cars did korea allow imported.
uawandproud 3 years ago
I do work next to a plant (arlington,tx) that makes suv's. I took a picture yesterday morning. Less than half seen are GM. There are a lot of toyota and hyundai there. Good luck with your $40 hour "assembly" jobs and execs that make millions. The standard unemployment is about $325. Try living on that like the multitude already because we don't make anything. How can you defend your own company that makes parts in another country. Maybe because for the time being , you still have your job.
kcblkeeley 3 years ago
They all pay the same. New UAW hires get $14/hour. Study up before you comment. See your Toyota truck's camshaft recall, and awful interior. See what happens to you if the U.S. auto companes fail, look up the ford fund, and read who donated dozens of vehicles on 9/11, it wasn't anyone but the big three.
mtwork 3 years ago 2
Don't forget about the tailgate and torque converter/transmission issues.
oingofan 3 years ago
VW AND ONE MORE FOREIGN CO DONATED,,,
rainbird4 3 years ago
The auto execs are being scapegoated for government failure to monitor Fannie Mae and Freddie Mac which caused the economic disaster. It's also a great opportunity for government to take over private enterprise. The beginning of true socialism. Better be aware before it's too late.
purplewings123 3 years ago
"in 2007, more than 9.3 million bought GM cars and trucks, in a dead heat with Toyota as the worlds largest automaker. It was the second-best sales year in GMs 100-year history.
600,000 potential buyers waiting for the 2010 Camaro - Cadillac CTS, Motor Trend magazines Car of the Year.
Malibus selection as 2008 North American Car of the Year.
purplewings123 3 years ago
Nobody said shit about this until these hearings took place and I've never heard anyone on the street complain about what they were manufacturing until this crap started!Why is it that all these banking institutions and Insurance companys haven't had to present a so-called plan for recovery before they were given the billions they got? Why didn't they have to come back at a later date to see if the govt would help them?Because we've been raped, thats why! War on the middle class! Its real !
11ranger413 3 years ago
How can anyone say that the big three didn't make the cars that everyone wanted when they sold millions of vehicles ranging from small economical to big commercial trucks and suvs'! I'm tired of hearing this bullshit! I make hubs for these companys for a living and I know by the volumes which we produced that they were moving vehicles like crazy over the years!Get off it already, its a lie!
11ranger413 3 years ago
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kcblkeeley (2 hours ago) Show Hide 0 Marked as spam Reply | Spam You guys in the auto industry (owners and employees alike) have done it to yourselves. Make something people want to buy and stop the BS. Just look on your own parking lots and see that half the cars are foreign. Morons!
1) if you work for anyone of the big 3 you will drive a american vehical to work.
2) the cars&trucks the big 3 sell have been selling so someone must like them.
3) toyota's quality is way worse than gm
uawandproud 3 years ago
This comment has received too many negative votes show
You guys in the auto industry (owners and employees alike) have done it to yourselves. Make something people want to buy and stop the BS. Just look on your own parking lots and see that half the cars are foreign. Morons!
kcblkeeley 3 years ago
Not at the plant I work at. How often do you drive in an automotive plant parking lot? I do everyday.
andgea 3 years ago
This man speaks on behalf of MILLIONS...Dems or Reps---WAKE UP AMERICA, all of the things Rep. McCotter talked about is real.
MrEfromtheD 3 years ago
The wall street geeks on wall street with their computer algorithms are not the individuals who killed the market. It is congress with the enactment of the Community Reinvestment Act beginning in 1977 and with the final stroke to trash the economy engineered by Clinton, Rubin, and Andrew Cuomo1997. DC loaned to individuals who could not or would not pay back loans and DC was the architect of that disaster. Bush tired to stop. You should get loan but blame is due to Barny Frank and ChrisDodd
dryhole10 3 years ago
(part 3) It's economically irresponsible to suggest pay cuts for hourly workers or vote no to any kind of assistance that would help the big three out of this difficult time. I also think there should be mention of bringing back the North American Auto Pact to further protect our faltering auto industry.
jcub905 3 years ago
(part 2)Most of us also have deductions coming off our cheques weekly for the united way.People with lost jobs or lost wages do not contribute to the economy instead they tighten their belts and try to get by on less. Once we're gone where do you think this money is going to come from?
jcub905 3 years ago
Finally someone has the brains to stand up and say what is right! No one is looking for a hand out its more like a hand up! Working at Ford I really must say that most of our work force pays in taxes here in Canada enough weekly to support another whole family on social assistance not to even mention what these companies and union do as far as charities and the surrounding community...
(to be continued in extended post)
jcub905 3 years ago 2