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Reply #23: I think the biggest difference between the airlines and GM is that [View All]

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nonconformist Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-31-09 01:06 PM
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23. I think the biggest difference between the airlines and GM is that
The airlines weren't required to make thousands of new planes assembly-line style to operate minimally. When the core of your business is manufacturing, you have to be able to make your product to operate. If GM is forced into a Chapter 11, they will need Debtor-In-Possession loans to pay their part manufacturers and suppliers to continue to make cars. The problem is that thanks to the banks destroying the economy, those DIP loans are non-existent right now. That's why many experts are saying that GM won't be able to file a traditional Chapter 11 bankruptcy - it will have to be a 7. Total liquidation. And the trickle-down effect will be astronomical.
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  -GM is in the exact same situation the legacy airlines were in: Occam Bandage  Mar-31-09 11:17 AM   #0 
  - C'mon, nobody has anything to say?  Occam Bandage   Mar-31-09 11:37 AM   #1 
  - I Want A Pony  Beetwasher   Mar-31-09 11:40 AM   #2 
  - Hm. Not too late to entitle this, "BUSH WAS BETTER FOR UNIONS THAN OBAMA."  Occam Bandage   Mar-31-09 11:42 AM   #3 
  - Then shut the fuck up about Iraq  nichomachus   Mar-31-09 04:37 PM   #46 
     - Uh, what?  Occam Bandage   Mar-31-09 05:58 PM   #47 
  - Very insightful. n-t  Toucano   Mar-31-09 11:45 AM   #4 
  - Thanks.  Occam Bandage   Mar-31-09 11:56 AM   #5 
  - So far there are seven recs, which I appreciate, but I'd really like to see a bit of discussion.  Occam Bandage   Mar-31-09 12:05 PM   #6 
  - I think the big difference is that in the airline industry  smoogatz   Mar-31-09 12:06 PM   #7 
  - There is a great deal of protection  Occam Bandage   Mar-31-09 12:21 PM   #10 
  - You know what would help the airlines even more?  smoogatz   Mar-31-09 12:33 PM   #12 
  - Unfortunately, you are in the vast minority. Now, most people  Occam Bandage   Mar-31-09 12:43 PM   #15 
     - I think that's a false assumption on the part of the big airlines  smoogatz   Mar-31-09 12:52 PM   #17 
        - It's not so much "a false assumption" as it is  Occam Bandage   Mar-31-09 01:03 PM   #21 
           - The problem there is Northwest's stupid seating system  smoogatz   Mar-31-09 01:10 PM   #25 
              - Right. Most people don't care enough. They won't pay more,  Occam Bandage   Mar-31-09 01:14 PM   #30 
                 - Yeah but Occam--  smoogatz   Mar-31-09 01:21 PM   #34 
                 - Another thing--  smoogatz   Mar-31-09 01:39 PM   #38 
  - I cannot agree with one of your points.  dixiegrrrrl   Mar-31-09 02:46 PM   #45 
  - I'll take it a step further  spooky3   Mar-31-09 12:43 PM   #14 
  - bullshit!!!!!!!!!!!! Reagan destroyed the Airline Unions with the firing of the  flyarm   Mar-31-09 12:19 PM   #8 
  - I don't think that's true.  smoogatz   Mar-31-09 12:21 PM   #9 
  - The air-traffic controllers don't have anything to do with the airline unions.  Occam Bandage   Mar-31-09 12:25 PM   #11 
     - To say that they were completely unaffected by PATCO is to be wrong  MrCoffee   Mar-31-09 12:39 PM   #13 
        - Only in the sense that all unions everywhere are damaged by a blow to solidarity.  Occam Bandage   Mar-31-09 12:44 PM   #16 
        - that is my point exactly!!!!...  flyarm   Mar-31-09 12:56 PM   #19 
           - I think de-reg had a lot more to do with it.  smoogatz   Mar-31-09 01:04 PM   #22 
              - it was the "perfect storm" converged ..and we the people got fucked!eom  flyarm   Mar-31-09 01:41 PM   #39 
                 - True dat. nt  smoogatz   Mar-31-09 01:45 PM   #42 
        - Absolutely Mr. Coffee...  flyarm   Mar-31-09 01:03 PM   #20 
           - And Andrew Card and Bush Sr. wanted cabotage...  October   Mar-31-09 01:12 PM   #26 
           - you got that right..but they had the leverage then because we did not shut the nation down  flyarm   Mar-31-09 01:33 PM   #36 
              - geithner's dad was, allegedly, obama's mom's boss at the ford foundation, too.  Hannah Bell   Mar-31-09 01:56 PM   #44 
              - And now we have the likes of Fred Smith (FedEx) holding Congress hostage  October   Mar-31-09 08:39 PM   #50 
           - Very true. Who else had ever heard of "B" pay scales????  October   Mar-31-09 01:13 PM   #29 
              - those who ignore so at their own peril!! eom  flyarm   Mar-31-09 01:42 PM   #41 
  - Airlines weren't part of the American mythology.  Redbear   Mar-31-09 12:54 PM   #18 
  - Good point -nt-  ContinentalOp   Mar-31-09 01:15 PM   #31 
  - I think the biggest difference between the airlines and GM is that  nonconformist   Mar-31-09 01:06 PM   #23 
  - "Concessions will involve pay cuts and benefit cuts"  Oregone   Mar-31-09 01:08 PM   #24 
  - Because that would make too much sense.  nonconformist   Mar-31-09 01:12 PM   #27 
  - I'd be in favor of that, but that's something of a different discussion. nt  Occam Bandage   Mar-31-09 01:15 PM   #32 
  - Why does it have to be a different discussion if it is part of the solution?  Oregone   Mar-31-09 01:19 PM   #33 
     - Because, as you hint at, this discussion is about their business plan.  Occam Bandage   Mar-31-09 06:02 PM   #49 
  - Ford will get their concessions..just look what they are doing at present..  flyarm   Mar-31-09 01:48 PM   #43 
  - Excellent post.  ContinentalOp   Mar-31-09 01:13 PM   #28 
  - Why isn't Obama forcing Wall Street to restructure.  blue_onyx   Mar-31-09 09:27 PM   #51 
  - Wagoner Bet the Company on Cheap Oil From Iraq And Lost  AndyTiedye   Mar-31-09 01:32 PM   #35 
  - I haven't flown since PATCO was killed. And I won't ever again.  mbperrin   Mar-31-09 01:38 PM   #37 
  - WRONG, WRONG, wrong: what you said:  amborin   Mar-31-09 01:41 PM   #40 
  - Yeah, nothing's wrong with the auto industry. It just needs a few months to shake things out.  Occam Bandage   Mar-31-09 05:59 PM   #48 
  - I think a good bit of the resistence to what's being done with the car companies .....  Stinky The Clown   Mar-31-09 09:30 PM   #52 
     - Too bad Obama pretty much took a universal single payer health care  blue_onyx   Mar-31-09 09:41 PM   #53 

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