Poop Why GM stocks are tanking?

SenselessChiefsFan · 08-03-2011, 05:47 PM

GM has done some good things of late. They have some very marketable autos. However, they are at the top end of the spectrum and are not the most fuel efficient.

The real issues come down to expenses. As long as you have overpaid union labor with government backing in negotiations, it is going to be very hard to turn a good profit.

There was a time when unions were necessary. That time is long gone. Unions are the mafia of the middle class. It increases labor costs and puts that money into Union Bosses pockets for 'protection'.

My father was a member of a union. I have been part of a Union. I just don't see much use for them now, other than to protect the non productive workers and to help keep democrats in office.

08-03-2011, 05:47 PM	#35
SenselessChiefsFan MVP Join Date: Nov 2008 Casino cash: $10005450	GM has done some good things of late. They have some very marketable autos. However, they are at the top end of the spectrum and are not the most fuel efficient. The real issues come down to expenses. As long as you have overpaid union labor with government backing in negotiations, it is going to be very hard to turn a good profit. There was a time when unions were necessary. That time is long gone. Unions are the mafia of the middle class. It increases labor costs and puts that money into Union Bosses pockets for 'protection'. My father was a member of a union. I have been part of a Union. I just don't see much use for them now, other than to protect the non productive workers and to help keep democrats in office. __________________ A bad day at the gym is better than a good day on the Couch.
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