Three reasons popped into my head when I heard about this. #1 Gas prices #2 Unions:production costs up #3 Ford & GM's inability to stay competitive with foreign makers inregards to reliability, quality, value retention, and fuel economy.
Can you say bad management? I wonder what amount the bonus will be for the CEO?
In the USA executives make some 450 times as much as their entry employees. In the UK it is 43 times as much. In Japan executives make 11 times as much. Does this tell you something? It tells me that our executives are grossly overpaid and are putting their companies further behind in the global race for business. Executives like to blame unions or the workers but never recognize that the problem may be seen in the mirror.
Come Election day please ask your self ... Am I an better off than I was Six years ago? Am I ready for another Three years of the Republican philosophy of "Trickle Down Economy" (Reaganomics) ... Do I feel that my country is Safe .. my Family ... our Careers? My Retirement ???? Wake up
To 'collectionsite': I fail to see the connection between the demise of these corporations and the politics of the republican party. The republicans have not caused gas prices to go up, unions to increase production costs, CEO's to have extravagant salaries, poor management in the corporations and poor vision for the future of US made autos to keep up with foreign auto makers. Do you have any logic or common sense?
Interesting note about this story. Ford took an $850 million windfall at the same time it's cutting the 35,000 jobs through the Orwellian-named "American Jobs Creation Act of 2004." Find the fun article on Newsweek here.Enjoy.
oh SH!T.... I work for ford, Damnit
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