How are you feeling about all the talk about the auto bailout this week?
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I feel the CBC is doing a good job at diverting the publics attention away from the dire global economic crisis that cannot in any way whatever be addressed by the bail-out of corporations whose product has no market. If there were profit in the deal you couldn't get the bankers off it with a whip. Why don't you talk about the coming depression and help the people in hard times with pertinant information instead of the crap you stuff us with everyday.
PS; if you don't ditch the background music in Q that Gomeshie talks over all the time I will shut you off. You obviously don't know how stupid and cheap it is. And while I'm at it what's with The Point and The Current? PPS; your programming sucks and you,re all imperialist stooges.
PS; if you don't ditch the background music in Q that Gomeshie talks over all the time I will shut you off. You obviously don't know how stupid and cheap it is. And while I'm at it what's with The Point and The Current? PPS; your programming sucks and you,re all imperialist stooges.
It can't possibly hurt to critisize them. It's my right as a Canadian to bitch and complain and it's winter, nobody is spared, when my bones hurt it makes me feel better to lash out at the silly basturds.
The talk of bailout upsets the hell out of me. There is the suggestion that the bailout in Canada could cost as much as 6 billion dollars. Seems to me that for six billion, we could set up a new auto industry that would produce vehicles the public wants and forget the big three.
Nearly 600,000 jobs would be lost with collapse of Big Three: report
Nearly 600,000 jobs would be lost with collapse of Big Three: report
You make a good point. Set aside one billion to be divided up as cash rebate for CAnadians who buy N.A. built vehicles, with a bonus for those buying "green" vehicles.
I don't recall a bail-out (could be my memory) when the soft-wood lumber industry went down.
I don't recall a bail-out (could be my memory) when the BSE decimated the Beef industry.
Canada is 10% of the population of the USA, so it should put 20% of matching $$$ to what-ever
the USA puts up. Does that mean that 20% of all vehicles made and jobs saved/created will be in
Canada? Per capita, Canada has agreed to put up double what the USA will to the "Big 3"
American Car Companies. I hope this'll pay off for all Canadians.
I don't recall a bail-out (could be my memory) when the BSE decimated the Beef industry.
Canada is 10% of the population of the USA, so it should put 20% of matching $$$ to what-ever
the USA puts up. Does that mean that 20% of all vehicles made and jobs saved/created will be in
Canada? Per capita, Canada has agreed to put up double what the USA will to the "Big 3"
American Car Companies. I hope this'll pay off for all Canadians.
I work in the Transportation Industry. I just received this Email. I'm sharing it.
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According to Forbes:
Labor cost per hour, wages and benefits for hourly workers.
Ford: $70.51 ($141,020 per year)
GM: $73.26 ($146,520 per year)
Chrysler: $75.86 ($151,720 per year)
Toyota, Honda, Nissan (in U.S.): $48.00 ($96,000 per year)
According to AAUP and IES, the average annual compensation for a college professor in 2006 was $92,973 (average salary nationally of $73,207 + 27% benefits).
Bottom Line: The average UAW worker with a high school degree earns 57.6% more compensation than the average university professor with a Ph.D., and 52.6% more than the average worker at Toyota, Honda or Nissan.
Many industry analysts say the Detroit Three, must be on par with Toyota and Honda to survive. This year's contract, they say, must be "transformational" in reducing pension and health care costs.
What would "transformational" mean? One way to think about "transformational" would mean that UAW workers, most with a high school diploma, would have to accept compensation equal to that of the average university professor with a PhD.
Then there's the "Job Bank"
When a D3 (Detroit 3 carmaker) lays an employee off, that employee continues to receive all benefits - medical, retirement, etc., etc., PLUS an hourly wage of $31/hour.
Here's a typical story....
Ken Pool is making good money. On weekdays, he shows up at 7 a.m. at Ford Motor Co.'s Michigan Truck Plant in Wayne, signs in, and then starts working -- on a crossword puzzle. Pool hates the monotony, but the pay is good: more than $31 an hour, plus benefits.
"We just go in and play crossword puzzles, watch videos that someone brings in or read the newspaper," he says. "Otherwise, I just sit."
Pool is one of more than 12,000 American autoworkers who, instead of installing windshields or bending sheet metal, spend their days counting the hours in a jobs bank set up by Detroit automakers as demanded by the United Auto Workers Union - UAW - as part of an extraordinary job security agreement.
Now the D3 wants Joe Taxpayer to pick up this tab in a $25 Billion bailout package - soon to be increased to $45 Billion if Nancy Pelosi and Hillary Clinton have their way.
The "Big 3" want this money - not to build better autos. No. They want it to pay the tab for Medical and Retirement benefits for RETIRED auto workers. Not ONE PENNY would be used to make them more competitive, or to improve the quality of their cars.
We ALL have problems paying for our Medical Insurance - but the Democrat leaders in Congress now want us to pay the Medical Insurance premiums of folks who have RETIRED from Ford, GM and Chrysler.
Not a good deal for us.
How about Chapter 11 - and getting rid of these ridiculous union contracts?
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According to Forbes:
Labor cost per hour, wages and benefits for hourly workers.
Ford: $70.51 ($141,020 per year)
GM: $73.26 ($146,520 per year)
Chrysler: $75.86 ($151,720 per year)
Toyota, Honda, Nissan (in U.S.): $48.00 ($96,000 per year)
According to AAUP and IES, the average annual compensation for a college professor in 2006 was $92,973 (average salary nationally of $73,207 + 27% benefits).
Bottom Line: The average UAW worker with a high school degree earns 57.6% more compensation than the average university professor with a Ph.D., and 52.6% more than the average worker at Toyota, Honda or Nissan.
Many industry analysts say the Detroit Three, must be on par with Toyota and Honda to survive. This year's contract, they say, must be "transformational" in reducing pension and health care costs.
What would "transformational" mean? One way to think about "transformational" would mean that UAW workers, most with a high school diploma, would have to accept compensation equal to that of the average university professor with a PhD.
Then there's the "Job Bank"
When a D3 (Detroit 3 carmaker) lays an employee off, that employee continues to receive all benefits - medical, retirement, etc., etc., PLUS an hourly wage of $31/hour.
Here's a typical story....
Ken Pool is making good money. On weekdays, he shows up at 7 a.m. at Ford Motor Co.'s Michigan Truck Plant in Wayne, signs in, and then starts working -- on a crossword puzzle. Pool hates the monotony, but the pay is good: more than $31 an hour, plus benefits.
"We just go in and play crossword puzzles, watch videos that someone brings in or read the newspaper," he says. "Otherwise, I just sit."
Pool is one of more than 12,000 American autoworkers who, instead of installing windshields or bending sheet metal, spend their days counting the hours in a jobs bank set up by Detroit automakers as demanded by the United Auto Workers Union - UAW - as part of an extraordinary job security agreement.
Now the D3 wants Joe Taxpayer to pick up this tab in a $25 Billion bailout package - soon to be increased to $45 Billion if Nancy Pelosi and Hillary Clinton have their way.
The "Big 3" want this money - not to build better autos. No. They want it to pay the tab for Medical and Retirement benefits for RETIRED auto workers. Not ONE PENNY would be used to make them more competitive, or to improve the quality of their cars.
We ALL have problems paying for our Medical Insurance - but the Democrat leaders in Congress now want us to pay the Medical Insurance premiums of folks who have RETIRED from Ford, GM and Chrysler.
Not a good deal for us.
How about Chapter 11 - and getting rid of these ridiculous union contracts?
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13.4 Billion short term loan......now they can have their fuel effecient car transformation paid for by the government (public) and think they will sell those vehicles for any of a lower price ......not a chance. They will tell us because of the high cost of the transformation that we the public will have to pay a high price for these vehicles.
Well....Vote with your wallet...Oh wait...I guess we already are, and that doesn't
get you a car either. Well...you can vote (a second time I guess) with what's left
in your wallet if you are car shopping...
Good day Ron great gem of info, the problem also facing the Auto Industry is that many cities to alleviate traffic grid locks are adopting transit systems that is slowly eliminating the use of a car on a regular daily bases, which in turn is reducing the necessity of owning three cars, they down size to two or one. That alone is working counter to the production quotas of automobiles on the road per year in North America thus causing a slump in the new car sales.
Toyota taking a lose for 2008 in North America explains the problem slowly creeping up on the Auto Industry producing more than they can sell is here to haunt the Giant Auto Makers. As well the going green movement is forcing people more then ever out of cars and into other means of transportation cheaper, cleaner and cost affective.
Toyota taking a lose for 2008 in North America explains the problem slowly creeping up on the Auto Industry producing more than they can sell is here to haunt the Giant Auto Makers. As well the going green movement is forcing people more then ever out of cars and into other means of transportation cheaper, cleaner and cost affective.
Good Day to you Socrates! My family (my Household) is down to one vehicle for
(currently) three people, three different work places, three different schedules, and
one absolutely horrible public transportation system. The city we're in doesn't have
the size to have an effective public transportation system as a realistic alternative.
Automobiles will be a fact of life out here for the foreseeable future. I currently own
a GM product, and will need to replace it in the next year or so, but would have
liked the option of voting with my $$$ towards my next vehicle's manufacturer,
without the Government(s?) deciding for me.
I don't recall a bail-out (could be my memory) when the soft-wood lumber industry went down.
I don't recall a bail-out (could be my memory) when the BSE decimated the Beef industry.
I don't see a difference between my examples and the Automotive & Manufacturing sectors,
other than where they're located.
Weird question for you, which industry employed more Canadians? Auto or Forestry? One
is centrally located, and one was spread Canada wide.
(currently) three people, three different work places, three different schedules, and
one absolutely horrible public transportation system. The city we're in doesn't have
the size to have an effective public transportation system as a realistic alternative.
Automobiles will be a fact of life out here for the foreseeable future. I currently own
a GM product, and will need to replace it in the next year or so, but would have
liked the option of voting with my $$$ towards my next vehicle's manufacturer,
without the Government(s?) deciding for me.
I don't recall a bail-out (could be my memory) when the soft-wood lumber industry went down.
I don't recall a bail-out (could be my memory) when the BSE decimated the Beef industry.
I don't see a difference between my examples and the Automotive & Manufacturing sectors,
other than where they're located.
Weird question for you, which industry employed more Canadians? Auto or Forestry? One
is centrally located, and one was spread Canada wide.
It makes me want to puke, you have hard working people paying taxes who are down on their luck temporarily and they want some temporary relief and they have to suck hole at the welfare office and go through 47 hoops while C.E.O.s earning millions and siphoning off hundred of thousands in performance bonuses for non performance and then the gov't gladly hands them over $billions. Give the money as a rebate to the consumer and let the C.E.O.s figure their way out their mess.
Source: Big Three Get Help For Canadian Operations | News Talk 980
Big Three Get Help For Canadian Operations
$4 billion from Federal and Ontario governments
Reported By Brendan Wagner
Posted December 20, 2008 - 11:12am
The Canadian branches of the Big Three North American automakers will soon have a fair bit of cash at their disposal.
As heard live on CKOM Saturday morning, the Prime Minister and Ontario Premier Dalton McGuinty announced four-billion dollars in renewable loans for the beleaguered companies. But McGuinty says the money will only flow if the automakers meet conditions set by government.
"Those conditions include limits on executive compensation," he says. "Furthermore, the loans will only stay in place beyond March 31, 2009, if our governments are satisfied that there are solid restructuring plans in place and underway."
Stephen Harper assured Canadians that the announcement is not a blank cheque.
"Canadian taxpayers expect their money will be used to restructure and renew the automotive industry in this country," says Harper. "They expect all stakeholders will come to the table and work together toward sustainable long-term solutions."
The announcement follows a pledge Friday by U.S. President George W. Bush to offer US$17.4 billion in emergency loans to General Motors and Chrysler.
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Canada puts up 2/3rds, Ontario puts up 1/3rd. Numbers based on 20% (aprox.)
of what th USA is throwing into the Auto-pot....
Big Three Get Help For Canadian Operations
$4 billion from Federal and Ontario governments
Reported By Brendan Wagner
Posted December 20, 2008 - 11:12am
The Canadian branches of the Big Three North American automakers will soon have a fair bit of cash at their disposal.
As heard live on CKOM Saturday morning, the Prime Minister and Ontario Premier Dalton McGuinty announced four-billion dollars in renewable loans for the beleaguered companies. But McGuinty says the money will only flow if the automakers meet conditions set by government.
"Those conditions include limits on executive compensation," he says. "Furthermore, the loans will only stay in place beyond March 31, 2009, if our governments are satisfied that there are solid restructuring plans in place and underway."
Stephen Harper assured Canadians that the announcement is not a blank cheque.
"Canadian taxpayers expect their money will be used to restructure and renew the automotive industry in this country," says Harper. "They expect all stakeholders will come to the table and work together toward sustainable long-term solutions."
The announcement follows a pledge Friday by U.S. President George W. Bush to offer US$17.4 billion in emergency loans to General Motors and Chrysler.
___________________________________________________
Canada puts up 2/3rds, Ontario puts up 1/3rd. Numbers based on 20% (aprox.)
of what th USA is throwing into the Auto-pot....
$17.4 Billion (US contrabution) x 20% & factor in the exchange rate = over 4 Billion CND so far...
Harper claims that 20% of the N.A. Auto Industry is Canada, and this $$$ rests on 20% of the
industry & jobs staying in Canada. Kind of a reverse NAFTA thing where, if one guy is laid-off in
Canada, five guys better be laid-off in the USA to keep the Canadian Gravey flowing...
Harper claims that 20% of the N.A. Auto Industry is Canada, and this $$$ rests on 20% of the
industry & jobs staying in Canada. Kind of a reverse NAFTA thing where, if one guy is laid-off in
Canada, five guys better be laid-off in the USA to keep the Canadian Gravey flowing...
Interesting losses for Toyota worldwide even with the wage advantage over the unionized manufacturers. Anti-labour rhetoric is coming fast and furious as the suits dust off the excuses first profered three hundred years ago. They are just as wrong now as they were then. For the seven millionth time, if you don't pay labour right at the base of the economic pyramid a decent wage the pyramid collapses. You might think the employers are too smart to screw themselves this way, think again, they are mindless and only have the one short term interest and that is profit.
Yup. We still want electric cars and solar panels on our house. Saw something the other day about how quickly the Japanese manufacturers were in picking up on making better vehicles and how slow the "big 3" were at it. Why reward them for being dense and slow?
Interesting "Catch 22" with this Auto Bail-Out $$$ going on. First from Bush and
basically reiterated by Harper & McGuinty today, boiled down sort of like this:
"Well Boy's, you couldn't get your house in order to justify getting boat-loads of
$$$ out's the tax-payers, so we're going to give it to you anyway BUT this is a
loan and not a gift. This is for operating capital for the next couple of months, so
come up with a plausible story/business plan in three months or you've got to give
back the $$$ we've already "loaned" you for operating capital (so we know that
in three months you won't have it to give back)."
On Bush's part this is brilliant 'cuz in three months, either the Big 3 (minus FORD
I guess) have got their stuff together and the Democrats didn't get the ball rolling,
or the Big 3 (minus FORD I guess) don't have their stuff together and it's Obama's
problem to dump more $$$ after bad or collect on $$$ that nobody has anymore.
Bush has Obama to dump this on. He'll be out'a office 01/20/08...Harper & McGuinty
have nobody to dump this promise on if the $$$ is spend and the Big 3 (minus FORD
I guess) haven't got a believable plan together yet....
hehe You are thinking confrontationally, Ron. But I can't blame you. Our society has trained us to be either this way or that way. Were it me instead of Obama, though, I would invite whatever critter from ANY political bent to come up with a plan. If Obama did that, it'd show me that he was more into solving things than grandstanding or showing up Bush ( and more mature and gracious than Bush, too, BTW)
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