Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Chrysler + Fiat = Bankruptcy

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
 
Jeff In Milwaukee Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-02-09 11:30 AM
Original message
Chrysler + Fiat = Bankruptcy
Until we reform health care in this county, the auto industry is toast. There's a reason why the auto industry is on the Endangered Species List only in the United States and not anywhere else on the globe, and that's because of the insane costs of providing health care to current employees and those in retirement. Are the unions to blame? They've got unions in Canada and Germany and Italy. Are automakers in any of those countries on the verge of bankruptcy? Nope.

Health insurance companies are strangling the auto industry (and every other traditional manufacturer) and it will be the death of this economy unless somebody stands up to their money and their lobbyists and puts an end to it.

Bailout GM? Bailout Ford? Whatever. We're just throwing good money after bad until we fix the problem.

Harumph!
Printer Friendly | Permalink |  | Top
msongs Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-02-09 11:34 AM
Response to Original message
1. let';s cancel all benefits for congresspersons as a first step nt
Printer Friendly | Permalink |  | Top
 
MercutioATC Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-02-09 12:26 PM
Response to Reply #1
2. How about just extending their benefits to everybody?
Expand FEHBP to cover everybody.
Printer Friendly | Permalink |  | Top
 
Turbineguy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-02-09 12:47 PM
Response to Original message
3. The health insurance companies help
the banks.
Printer Friendly | Permalink |  | Top
 
lithiumbomb Donating Member (217 posts) Send PM | Profile | Ignore Sat May-02-09 12:52 PM
Response to Original message
4. auto industry worldwide is hurting
It's not just the United States. Honda lost 2.4 billion first quarter, which in any other year would be huge front page news and people would be wondering what on earth went wrong. Toyota lost money for the first time in history recently, IIRC. Plants are shut down or producing cars at a lower rate nearly everywhere except China.

I don't disagree with you about health care being a factor, but tough times for the auto industry are not exclusive to the United States.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Wed Sep 17th 2014, 04:54 PM
Response to Original message
Advertisements [?]
 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