You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #11: That's what happens when business models fail. What Obama is proposing is going [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Occam Bandage Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 10:32 PM
Response to Reply #6
11. That's what happens when business models fail. What Obama is proposing is going
Edited on Mon Mar-30-09 10:35 PM by Occam Bandage
to do more to save workers than simply pumping them cash for another six months would do. I mean, he could cut them another check, and another check after that, until the public gets sick of cutting them checks and they completely fail. That's the alternative. There is no happy solution when major industries fail. The best auto workers can hope for is for an intelligently designed reorganization performed under government protections.

For comparison, look at the airlines. They got their government checks, they got their government checks, they continued to falter, then the government checks stopped coming and they all went bankrupt. And the workers ended up taking 50% pay/benefit cuts or worse, along with mass layoffs. Cutting management another check only prolongs the collapse for workers. Better to reorganize while there's still something left to reorganize.
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC