In response to:

In Four More Years We'll Be Detroit

grich903 Wrote: Nov 19, 2012 10:01 AM
The thing is, if the company (GMC) had gone thru a managed bankruptcy, the unions would have been neutered, which O'Bama couldn't have happen since they are active serogates of the Democrete progressive party. So, they thru money at the company, and then tossed all the small parts suppliers under the bus (not paying them for anything), and for the coupe de grace, they basicly gave management ownership to the unions to run the company, for ill or nil. If you look at the cost issues, Union car makers make a wage beginning at $75. where non-Union emplooyees in the same job (Toyota - Alabama) make $34/ Then the companies over-price the vehicles so that you can't afford them in the current financial breakdown.
traderjim7 Wrote: Nov 20, 2012 12:53 AM
Doesn't Toyota overprice vehicles? Not only are they overpriced, but for some reason or other they barely depreciate.

From one moment to the next the city of Detroit doesn’t know where its next bailout is coming from. Chronically unable to pay its bills, the city looks to the state for cash gifts to stave off default. Operating under the terms of a consent agreement hammered out with the state, Detroit faces fiscal uncertainty largely because it has failed to get adequate concessions from public employee unions that are unsustainable. And those concessions that they have wrested from unions, politicians in Detroit have been unwilling to enforce.     

One prominent Detroit attorney, however, is facing the future of the Motor...

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