|
Tags
This content has not been tagged yet
 Rules of this Forum
if you are going to make a bold statement, provide evidence or at least a logical explaination for them. most topics disscussed here have no right or wrong answer, so give a reason for your opinion.
Personal attacks of any kind will not be tolerated.
be respectful. acting like a munchkin will get you treated as such.
be supportive, although you may view one person's problem as trivial, to them, it may actually be a life or death issue.
sometimes, we all need to simply agree to disagree.
finally, there are no right or wrong answers, only opinions. so avoid the "you're wrong and are goig to burn in hell" or "well, you are just stupid" retorts when you don't like what someone has to say. no matter how hard you try, you cannot make someone agree with you if they don't see it that way.
Avoid intellectual dead-endsTry avoid using phrases like, "it's useless talking to you!" or "you are all one-sided and my opinions can't change you". Instead, follow the ways of socrates and try to INCREASE discussion by asking questions. Be OPEN-MINDED. This is just a forum and you are unlikely you will change anyone elses viewpoints, but you may learn a thing or two. Hypothetically accept viewpoints now and then for the sake of discussion and to fully understand their viewpoints.
Try to type on a level that's somewhat formal. Abreviations or slang words are not recommended because people will just not take you seriously.
Avoid cursing and slander.
DO reference your thoughts with links and outside references for people to peruse. That will encourage a sideways debate.
If a debate spurns a new side-debate, make a new thread, and be kind enough to link to the new thread.
Be DESCRIPTIVE in your topic descriptions.
PROOF-READ! Absolute correctness is not necessary, but people should at least get what you are saying.
|
  |
GM possibly filing Chapter 11, concerns |
|
|
|
|
 May 29 2009, 02:00 AM
|
Group: GSC Staff Member
Posts: 1,554
Joined: 7-August 07
From: Daytona Beach, FL
Member No.: 16,687
Myspace
Facebook
|
My mom worked at GM for many years and she has a pension with them. I'm wondering if any of you know what will happen to that if GM files Chapter 11. Here is a link to an article, but I understand nothing about politics and things like pension and stock. GM possibly filing Chapter 11What are your thoughts about all this?
--------------------
"Play some music so I can dance!" |
|
|
|
|
|
|
|
May 29 2009, 02:04 PM
|
Group: Silver Member
Posts: 2,903
Joined: 22-September 06
From: Reno/Sparks, NV
Member No.: 5,288
Myspace
|
It NEEDS to fucking die. Holy cow, politicians need to finally understand that you can't "stimulate" an economy into just coming back up when it's not yet finished dying. If you're shot in the heart, circulating blood isn't gonna do anything, cuz you're still gonna die anyway.
Austrian economics FTW. Leave the market alone.
I don't wanna hear any bullcrap about all these other industries that are gonna be hurt by it... this will all happen now, for a short time, or later for much longer. I think now sounds way better.
--------------------
|
|
|
|
|
|
|
|
May 29 2009, 02:37 PM
|
Group: GSC Staff Member
Posts: 1,554
Joined: 7-August 07
From: Daytona Beach, FL
Member No.: 16,687
Myspace
Facebook
|
Yeah but my question is what happens to people like my mom who worked for the company for 20 years? What happens to her pension? Does she lose it b/c these greedy money hungry higher ups? She already might lose the house that she loves b/c she's a realtor (and we all know how that is going right now), and she can't find a temporary job right now to make ends meet. Why is it that the rich keep getting richer and the middle to lower class keep losing everything that they have worked their whole life for?
--------------------
"Play some music so I can dance!" |
|
|
|
|
|
|
|
May 29 2009, 08:40 PM
|
Group: Senior Member
Posts: 162
Joined: 30-January 09
From: Cleveland-Westpark Area
Member No.: 28,941
Myspace
|
I get so scared when I think about this issue. Luckily, neither of my parents work for GM, but my father has worked for Ford for 16 years, and is currently layed off. FOr the past year, he's been in/out of work, and I fear that if anything worse happens to the automobile industry, my dad will lose his job. I do, however, feel as though filing bankruptcy/issuing bailouts is an uphill battle though. They should just let it be for a while, too much is going on at once. I hope everything is okay for you and your family, just try to stay positive.
|
|
|
|
|
|
|
|
May 30 2009, 09:13 AM
|
Group: Silver Member
Posts: 2,903
Joined: 22-September 06
From: Reno/Sparks, NV
Member No.: 5,288
Myspace
|
Sorry bebe, I totally only read "what are your thoughts on this?" and not the first part, my bad! haha.
Because the government is doing a restructuring of GM and pumping even more money into it (which I must admit I'm against), I THINK she MIGHT keep her pension. I'm not positive on that one tho.
--------------------
|
|
|
|
|
|
|
|
May 30 2009, 01:03 PM
|
Group: Gold Member
Posts: 895
Joined: 6-April 07
From: Camp Casey, South Korea (Texas)
Member No.: 12,403
Myspace
Facebook
|
The government handing out money to all these huge, faceless corporations is one of the WORST possible ways to "save" the economy right now.
I know this sounds pretty cold, considering the OP has family directly involved, but fuck GM, Chrysler, Ford, or any other company that cant keep their ink black. If they fall, it was their own fault, not the consumer, not the government, their own.
That said, I really cant seem to grasp why we are trying to save these companies. Maybe them going under and letting smaller companies start to pop up in their place, possibly with new, truly innovative ideas, is what we really need right now. Not the same company with the same ideas and marketing tactics.
--------------------
...in bed QUOTE (abentwrygrin @ Sep 9 2008, 09:42 PM)  Then go check out the tutorials section and the videos section. Watch them till your eyes bleed, then practice until your hands bleed, then get a saniwipe and clean up all that blood before your parents think you became emo. |
|
|
|
|
|
|
|
May 31 2009, 01:58 AM
|
Poster  Group: Members
Posts: 38
Joined: 29-April 08
Member No.: 21,322
|
There closing some factorys down in diff states, they ain't claiming bankruptcy thank god.
|
|
|
|
|
|
|
|
Jun 1 2009, 01:29 AM
|
Group: Gold Member
Posts: 895
Joined: 6-April 07
From: Camp Casey, South Korea (Texas)
Member No.: 12,403
Myspace
Facebook
|
This right here says that they are currently filing Chapter 11. The government is getting a majority of the ownership of the company, and will be feeding them money for them to stay up. Expected job cuts of 21000 employees in 2600 locations. I dont like the idea of the government owning a large auto company. That just doesnt seem right. So many things can be pushed and pulled to make some ridiculous law about people buying GM vehicles to support the government, while others manufacturers can be heavily taxed, restricted, or even banned. And I wouldnt put it past some of the fools in Congress to do that..
--------------------
...in bed QUOTE (abentwrygrin @ Sep 9 2008, 09:42 PM) Then go check out the tutorials section and the videos section. Watch them till your eyes bleed, then practice until your hands bleed, then get a saniwipe and clean up all that blood before your parents think you became emo. |
|
|
|
|
|
|
|
Jun 3 2009, 11:13 PM
|
Group: GSC Staff Member
Posts: 6,477
Joined: 1-August 06
From: Vista, San Diego
Member No.: 2,821
Myspace
|
Everyone is having problems in the auto industry, even Toyota, which is like the most efficient company. I think Ford will be fine of the 3 auto makers in the USA. Ford and Toyota will weather the storm.
--------------------
No Crews, No Battles, One Love. GSC! |
|
|
|
|
|
|
|
Jul 1 2009, 05:24 PM
|
Group: Senior Member
Posts: 303
Joined: 4-August 06
From: NJ & NYC
Member No.: 2,968
|
She is not going to lose her currently contributed to pension. even in Chapter 11 pensions would be the last thing sacrificed and GM has lots of assets. Moving forward her benefits will most likely take a dive, but this will take time.
--------------------
|
|
|
|
|
|
|
|
1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members:
|
