tag:blogger.com,1999:blog-3696942474709881492.post3265851526504581096..comments2009-01-17T06:44:31.102-08:00Comments on American Expat in Texas: Bailout bluesTexas Expathttp://www.blogger.com/profile/09368420968491894425noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3696942474709881492.post-69196637332634718802009-01-17T06:44:00.000-08:002009-01-17T06:44:00.000-08:00agreed. when a major company makes low quality ma...agreed. when a major company makes low quality material to sell, it starts to see dropping profit. GM never fixed this. they made their products gimmicky and relied on advertising but never improved quality. that is how companies fail. we should not support a company that makes bad cars. they'll just continue.<BR/><BR/>now selling a few major plants (worker systems intact) to a company like Tesla might be a solution. the issue with Tesla is that they are so small and have very little to bring to the table other than what seems to be a dependable power cell storage system. will it be enough to sell family sedans in a country hell bent on road tripping (especially with the declining economy and the price of flights) and commuting? or rather, will they sell enough in the US to be able to pay for their new plants and new workers? i don't want to make the workers dependent on an unverifiable company.<BR/><BR/>i say we take their bailout and hand it to the workers earning less than $100K/yr in the form of a severance package of for up to 3 years. they can only collect if they are not getting paid by GM. they must be off the payroll.<BR/><BR/>this does a few things. 1. it makes sure that the money does not get put into a sinking ship. GM is going down and rightly so. CEOs should not be getting paid if a company is dying. 2. it doesn't place the worker burden on any other companies. if Tesla wants into the American Market as a family sedan company they need to earn their way in. that's the only way to verify that we won't have a repeat. it also won't crush Tesla by putting them (wholesale) into an unknown market 3. it forces the higher earning people to either ride GM down or move and go find jobs elsewhere. we'll be cutting the flailing company off at the knees while still supporting the lower level workers. 4. it will subsidize the workers who will have more difficulty finding new jobs. people over $100K/yr will most likely have college education. ie. Engineers and Designers and Business managers. They won't need help paying their mortgage like the little guy will. the housing crisis shouldn't be allowed to get worse. waves of foreclosures will do that to a country.<BR/><BR/>in conclusion i think GM is a company that should be allowed to fail... just like all other companies that suck. workers that decide to stay with a crappy company need to understand that they may not have jobs down the road. we must encourage them to leave and give them the support to do so. we won't help the higher up's which will also encourage them to leave. this whole problem came from a huge amount of people relying on corrupt and failing systems. we can't just throw some duck tape on them. we also can't build a new one on the ruins of the old.<BR/><BR/>we need to build a robust system on a new foundation and with better material. GM should be allowed to fail.Anonymousnoreply@blogger.com