Yeah, that's pretty much the opposite of what every economist is saying.
As for your other two points 1. you're right the workers were getting paid too much, you know what else? the cars got a terrible reputation and the innovation lagged behind foreign auto. They got stuck into a model that focused on trucks/suvs, GM made terrible redundant lines that cost them $$ and they are NEVER going to be able to compete with the labor markets of Mexico or India or China. Those auto plants are going some place cheaper with cheaper talent. People in the auto industry have skills. Not just the people on the assembly line moron, but all of the engineers, draftsmen, fabrication guys, skilled welders that are largely based on the Detroit/automaker industry. True, theoretically they could adapt and get other jobs. BUT THERE AREN'T ANY FREAKING JOBS. Nobodies taking on a project that hasn't worked in their industry and may or may not need to re-tool before they become a valued member of their team.
You can get your rocks off on trying to snort at the sit and pretend like nothing is wrong, but when GM fails it will be bad and no one is stepping in to clean them up except the govt. No one has the power of the genie from Aladdin to pick up GM and put it in a different country with a more friendly business/labor environment where it belongs.
But carry on with your car salesman gig, sounds like you're doing great.
Are these the same dipcrap economist that saw this crap coming in 2001?
I'm not a &@#%ing car salesman. I worked at a dealership for 2 years as a Customer service manager. Do you honestly think I would want GM to fail if I worked in that industry any more? That part of my life is over and I learned more about people there than any place I've ever been, included 4 years at KSU. The honest truth is, Car salesman are no worse than you. The difference is, their ability to pay the bills depends on being a slimy piece of crap. Most people do it for no reason at all.
As for "Skilled workers" I'm not talking about getting new jobs now, I'm talking about the last time contract negotiations came around. FTR, I'm bagging on the unions more than the employee's. A company should be able to fire anyone that has the mindset of: "That's not in my job description, Now give me a raise and a pension that doesn't exist in any other industry" I'm talking about the people that are sitting in their hummers screaming at a channel 3 news camera saying: "Have you read this contract? It's wrong what their doing to us." It's a &@#%ing joke. We're in this mess because of all the entitlement people feel. No one owes anyone a &@#%ing thing unless you work for it. That's what’s wrong with everything. Pick a sector that's failing right now and I guarantee you it failed because people felt entitled to more than their "fair share"
Which brings me to my next point. GM got stuck on the suburban & truck line because that's what people want. The same stupid &@#%s that are complaining about gas mileage go into a dealership and drive a four cyl that gets 35 MPG against a V8 that gets 15 and will buy the car with more power every &@#%ing day. That's what GM owners want. Power and space they don't &@#%ing need. Hippies in california are the only ones that want anything different.
People that are smart and realize they don't need an 8 passenger vehicle to drive around their 3 kids go buy a &@#%ing used honda because they realize that's all they need. But those people rarely exist. Try experiencing real life before you go off and believe every &@#%ing thing the media shoves down your throat. The only thing that sucks about GM's business model is where the cash flow goes. The cars they make are entirely a result of what stupid craps buy. People don't want a &@#%ing "green" car. They want a big piece of crap that will pull their boat and shut their kids up with 3 DVD players in the back so each of their spoiled brat kids can tune out to sponge bob without their elbows touching. Liberal media is pointing the blame at auto industries for not venturing towards a more economical vehicle, but it's not their &@#%ing market. Honda & toyota sells cars to people that want to be responsible. And GM & Ford sells cars to dipcraps that want more than they need. That's how this crap works. GM will die unless they start building what their old customer base can afford. An $8,000 piece of crap with crank windows & a tape deck.
American's provided every inch of rope that is hanging us right now. Secure the noose, and kick the chair because our ass is done. And no amount of $$ from the government is going to stop this hangman.
