On Sun, 21 Dec 2008 11:35:14 -0800, "John R. Carroll"
wrote:


"F. George McDuffee" wrote in message
.. .
On Sun, 21 Dec 2008 11:53:33 -0600, "RogerN"
wrote:

I kind of like the Chrysler plan myself. Let the auto makers reduce
production to the demand level. If the unions can pay their members far
above what the average taxpayer makes, that's fine, but don't ask the
taxpayer to foot the bill.

RogerN
==============
Which sounds good, but does not explain how Ford is able to get
by with no taxpayer loans to this point, but GM and Chrysler
aren't.

When Ford got into trouble Bill Ford stepped down and they brought in a turn
around expert.
Mullaly knows how to do this and he has. He came from Boeing you know.

GM ought to do the same. They aren't in trouble because of their unions
contracts or retiree benefit obligations.
They are introuble because they are managed and run by assholes.

JC
============
Indeed, but I seem to have missed the part in the President's
announcement about the TARP funded 17+ billion Detroit "rescue"
package where the Boards and senior management of GM and Chrysler
were to be replaced.

Does anyone have a URL for that segment?


Unka' George [George McDuffee]
-------------------------------------------
He that will not apply new remedies,
must expect new evils:
for Time is the greatest innovator: and
if Time, of course, alter things to the worse,
and wisdom and counsel shall not alter them to the better,
what shall be the end?

Francis Bacon (1561-1626), English philosopher, essayist, statesman.
Essays, "Of Innovations" (1597-1625).