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	<title>Comments on: Today&#8217;s news links</title>
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	<link>http://pundit.blogpeoria.com/2008/11/18/todays-news-links/</link>
	<description>News and Media from River City</description>
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		<title>By: Ryan Johnson</title>
		<link>http://pundit.blogpeoria.com/2008/11/18/todays-news-links/comment-page-1/#comment-9567</link>
		<dc:creator>Ryan Johnson</dc:creator>
		<pubDate>Wed, 19 Nov 2008 23:39:56 +0000</pubDate>
		<guid isPermaLink="false">http://pundit.blogpeoria.com/?p=3983#comment-9567</guid>
		<description>I think because I live in Michigan, that I disagree that the economy can withstand the Big 3 going bankrupt.  Now, if I still lived in Illinois and I wasn&#039;t seeing this firsthand, I would agree that the government should stay out.  

Imagine if Caterpillar shut down and left Peoria.  Imagine what would happen to the economy, the unemployment rate, the image of the region, and the morale of the citizens when the only jobs available are entry level $8/hr jobs (that&#039;s the case in Lansing right now)

I just saw a soundbite with the Mayor of Lansing who said outgoing Republicans are seeing this as a way to finally break the UAW and maybe even get rid of it.  If Detroit dies, the UAW goes with it.  The foreign manufactures have been pretty successful at keeping the union out.

Like I said in my original post, no bailout should come without concessions from the UAW including the power they now wield.  The fact is, GM still sold more cars than any manufacturer in the US last year and GM and Ford still produce more hybrids than Honda and Toyota.  I&#039;m not saying the UAW shoulders the blame here, but they are a part of it.  The reason you don&#039;t see Toyota, Honda, etc. struggling is because there is no unions in those plants.  I&#039;m not advocating that unions should go away either, but they carry too much power and they need to be a part of this solution.   I know it&#039;s hard to see from 300 miles away and six months ago, I would have been with you, but seeing it first hand has changed my mind.</description>
		<content:encoded><![CDATA[<p>I think because I live in Michigan, that I disagree that the economy can withstand the Big 3 going bankrupt.  Now, if I still lived in Illinois and I wasn&#8217;t seeing this firsthand, I would agree that the government should stay out.  </p>
<p>Imagine if Caterpillar shut down and left Peoria.  Imagine what would happen to the economy, the unemployment rate, the image of the region, and the morale of the citizens when the only jobs available are entry level $8/hr jobs (that&#8217;s the case in Lansing right now)</p>
<p>I just saw a soundbite with the Mayor of Lansing who said outgoing Republicans are seeing this as a way to finally break the UAW and maybe even get rid of it.  If Detroit dies, the UAW goes with it.  The foreign manufactures have been pretty successful at keeping the union out.</p>
<p>Like I said in my original post, no bailout should come without concessions from the UAW including the power they now wield.  The fact is, GM still sold more cars than any manufacturer in the US last year and GM and Ford still produce more hybrids than Honda and Toyota.  I&#8217;m not saying the UAW shoulders the blame here, but they are a part of it.  The reason you don&#8217;t see Toyota, Honda, etc. struggling is because there is no unions in those plants.  I&#8217;m not advocating that unions should go away either, but they carry too much power and they need to be a part of this solution.   I know it&#8217;s hard to see from 300 miles away and six months ago, I would have been with you, but seeing it first hand has changed my mind.</p>
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		<title>By: bobiii</title>
		<link>http://pundit.blogpeoria.com/2008/11/18/todays-news-links/comment-page-1/#comment-9544</link>
		<dc:creator>bobiii</dc:creator>
		<pubDate>Wed, 19 Nov 2008 18:31:33 +0000</pubDate>
		<guid isPermaLink="false">http://pundit.blogpeoria.com/?p=3983#comment-9544</guid>
		<description>Knight I agree.  Let them declare, restructure and reorganize.  The unfortuanate reality is that people right now are not buying cars and until things change economically they won&#039;t be.  Detroit needs to retool, and be given tremendous incentives for becoming financially and environmentally responsible.  They don&#039;t need to simply be given money ala AIG.</description>
		<content:encoded><![CDATA[<p>Knight I agree.  Let them declare, restructure and reorganize.  The unfortuanate reality is that people right now are not buying cars and until things change economically they won&#8217;t be.  Detroit needs to retool, and be given tremendous incentives for becoming financially and environmentally responsible.  They don&#8217;t need to simply be given money ala AIG.</p>
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		<title>By: Knight in Dragonland</title>
		<link>http://pundit.blogpeoria.com/2008/11/18/todays-news-links/comment-page-1/#comment-9518</link>
		<dc:creator>Knight in Dragonland</dc:creator>
		<pubDate>Wed, 19 Nov 2008 12:47:44 +0000</pubDate>
		<guid isPermaLink="false">http://pundit.blogpeoria.com/?p=3983#comment-9518</guid>
		<description>Some people act like the Big Three are going to disappear if the government doesn&#039;t step in, and ALL the jobs will disappear.  That&#039;s insanely ludicrous.  They&#039;ll enter bankruptcy, restructure &amp; reorganize.  One or more may be consumed by a foreign competitor ... although all manufacturers of high-price commodities like cars are suffering right now, so I don&#039;t know that Toyota or Honda will be looking for opportunities to expand at this point.

Let&#039;s not get carried away.  Yes, many plants would likely close during reorganization and certainly many jobs would be lost.  That&#039;s where government could and should step in ... to help people, not bloated, inefficient corporate structures.  These companies may be - SHOULD be - significantly transformed, but they will not fall off the Earth.</description>
		<content:encoded><![CDATA[<p>Some people act like the Big Three are going to disappear if the government doesn&#8217;t step in, and ALL the jobs will disappear.  That&#8217;s insanely ludicrous.  They&#8217;ll enter bankruptcy, restructure &amp; reorganize.  One or more may be consumed by a foreign competitor &#8230; although all manufacturers of high-price commodities like cars are suffering right now, so I don&#8217;t know that Toyota or Honda will be looking for opportunities to expand at this point.</p>
<p>Let&#8217;s not get carried away.  Yes, many plants would likely close during reorganization and certainly many jobs would be lost.  That&#8217;s where government could and should step in &#8230; to help people, not bloated, inefficient corporate structures.  These companies may be &#8211; SHOULD be &#8211; significantly transformed, but they will not fall off the Earth.</p>
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		<title>By: Ryan Johnson</title>
		<link>http://pundit.blogpeoria.com/2008/11/18/todays-news-links/comment-page-1/#comment-9495</link>
		<dc:creator>Ryan Johnson</dc:creator>
		<pubDate>Wed, 19 Nov 2008 03:56:07 +0000</pubDate>
		<guid isPermaLink="false">http://pundit.blogpeoria.com/?p=3983#comment-9495</guid>
		<description>I live in Lansing, MI now.  This state sucks.  It&#039;s freakin terrible.  Unemployment is through the roof.  Getting a job is damn near impossible and I&#039;ve been unemployed since leaving Peoria because no one is hiring.  There are two GM plants in Lansing alone.  If anything worse happens to the auto industry, there are going to be a lot of people out of a job...A LOT

I don&#039;t disagree that this is the automakers fault, but it&#039;s also the UAW&#039;s fault.  UAW in Peoria, take notice of what&#039;s going on here.  Just because Caterpillar is enjoying profits right now doesn&#039;t mean they should share with you.  When they hit hard times, you&#039;ll be happy they &quot;hoarded&quot; their money when they don&#039;t have to lay your sorry, uneducated, overpaid ass off.  

The compromise needs to include a restructuring of the UAW contract.  Wages are too high as is health insurance.  The UAW says they&#039;ve already conceeded.  So what I&#039;m hearing is they would rather be out of work than open up negotiations.  There needs to be a loan, but there needs to be conditions.  GM&#039;s CEO needs to step down and the union contract needs to be opened.  Be happy you have a job at all....I&#039;m going on 8 months picking up odds and ends whenever I can.</description>
		<content:encoded><![CDATA[<p>I live in Lansing, MI now.  This state sucks.  It&#8217;s freakin terrible.  Unemployment is through the roof.  Getting a job is damn near impossible and I&#8217;ve been unemployed since leaving Peoria because no one is hiring.  There are two GM plants in Lansing alone.  If anything worse happens to the auto industry, there are going to be a lot of people out of a job&#8230;A LOT</p>
<p>I don&#8217;t disagree that this is the automakers fault, but it&#8217;s also the UAW&#8217;s fault.  UAW in Peoria, take notice of what&#8217;s going on here.  Just because Caterpillar is enjoying profits right now doesn&#8217;t mean they should share with you.  When they hit hard times, you&#8217;ll be happy they &#8220;hoarded&#8221; their money when they don&#8217;t have to lay your sorry, uneducated, overpaid ass off.  </p>
<p>The compromise needs to include a restructuring of the UAW contract.  Wages are too high as is health insurance.  The UAW says they&#8217;ve already conceeded.  So what I&#8217;m hearing is they would rather be out of work than open up negotiations.  There needs to be a loan, but there needs to be conditions.  GM&#8217;s CEO needs to step down and the union contract needs to be opened.  Be happy you have a job at all&#8230;.I&#8217;m going on 8 months picking up odds and ends whenever I can.</p>
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		<title>By: Mahkno</title>
		<link>http://pundit.blogpeoria.com/2008/11/18/todays-news-links/comment-page-1/#comment-9471</link>
		<dc:creator>Mahkno</dc:creator>
		<pubDate>Tue, 18 Nov 2008 21:13:43 +0000</pubDate>
		<guid isPermaLink="false">http://pundit.blogpeoria.com/?p=3983#comment-9471</guid>
		<description>What I was reading today in the Financial Times was that the Big Three are saying they will be forced to go under before Obama takes office.   Throw in an advertising campaign... yeah thats right the Big Three are advertising all the gloom n doom that will happen if they don&#039;t get their money.  Blackmail anyone?  Let them file for Chapter 7 or 11. 

Yeah Tesla needs a leg up.   They had plans for a more family friendly electric or hybrid vehicle but had to suspend development cause of the financial mess that has unfolded.</description>
		<content:encoded><![CDATA[<p>What I was reading today in the Financial Times was that the Big Three are saying they will be forced to go under before Obama takes office.   Throw in an advertising campaign&#8230; yeah thats right the Big Three are advertising all the gloom n doom that will happen if they don&#8217;t get their money.  Blackmail anyone?  Let them file for Chapter 7 or 11. </p>
<p>Yeah Tesla needs a leg up.   They had plans for a more family friendly electric or hybrid vehicle but had to suspend development cause of the financial mess that has unfolded.</p>
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		<title>By: Cameron</title>
		<link>http://pundit.blogpeoria.com/2008/11/18/todays-news-links/comment-page-1/#comment-9467</link>
		<dc:creator>Cameron</dc:creator>
		<pubDate>Tue, 18 Nov 2008 20:16:44 +0000</pubDate>
		<guid isPermaLink="false">http://pundit.blogpeoria.com/?p=3983#comment-9467</guid>
		<description>Calacanis has a point, but on the flip side, GM employs several hundred thousand employees.  If you let GM fail, you are essentially handing pink slips to all those people, let alone retirees losing health benefits and pensions.  I think there needs to be a compromise here.</description>
		<content:encoded><![CDATA[<p>Calacanis has a point, but on the flip side, GM employs several hundred thousand employees.  If you let GM fail, you are essentially handing pink slips to all those people, let alone retirees losing health benefits and pensions.  I think there needs to be a compromise here.</p>
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