[quote=“mystic,post:30,topic:2322”]
Because it’s only a loan if the big three somehow magically turn it around and succeed? Why would it be any different starting now? As soon as they run out of money and fail (again) then it becomes a gift.
[quote=“mystic,post:30,topic:2322”]
Yep, and that was stupid, so why should we make that mistake again?
[quote=“mystic,post:30,topic:2322”]
It’s called re-tooling, and if a small company cannot find anything else to do with their skills, then they’ll have to find new jobs. But most likely, a little bit of effort, a little bit more education, a few new employees perhaps, and they’ll be back in business making a slightly different part. The demand for their part hasn’t changed, it’s just coming from a new, more successful company.
[quote=“mystic,post:30,topic:2322”]
Because NOONE is gambling with LIVES. Jobs, MAYBE, but the lesson here is simple. Not every job lasts forever. Just ask the highly educated telegraph operators of the late 1800’s. Or the removable type printing press operators. Or how about the hundreds of thousands of accountants who sat all day doing nothing but mind numbing arithmetic??? Those people were replaced by computer spreadsheets. And the good news is, that for the most part, those are all shitty jobs! Better jobs awaited those people as their industry progressed.
GASP!!! HOW DID WE SURVIVE? We adapted, plain and simple. One of the best historical examples of this sort of “fear of change” is the New York snow shovelers union. Before modern snow removal technology, there were tens of thousands of new york citizens, who had part time jobs shoveling snow. When the first snow blowers were introduced the snow shovelers union told it’s workers to “hide crowbars in the snow” so to break the snow blowers, ensuring the snow shovelers were still needed, and could keep their jobs. We can look back and realize how silly this is, but it’s the exact same thing, but instead of crowbars to keep them in business, they’re asking for “one more chance” from the citizens to give them a gift, which they’ll gladly pay back, that is of course if they can somehow start succeeding today.
And I’m sorry if it seems like I don’t have compassion for people losing their jobs, but its a fact of life. It happens from time to time. As an IT professional, people in my field lose their jobs ALL THE TIME, because progress happens so quickly. It doesn’t matter how good you were with Windows 3.1 and NT in the early 90’s. If you haven’t learned new skills on your own time, there is no way you still have a job today. This kind of turnover happens every decade in the tech world, I’m sorry this is the first time in 100 years the auto industry has felt any real progress. We’re left with three inefficient monstrosities, and in order for progress to happen, those companies need to be allowed to fail as a result of their own incompetence, and new investors will buy up their assets. Any employee of those companies, (or any of their supply chain) who can’t find a place in the “NEW” job market will either have to re-educate themselves, or find another job. That’s how it works. And this isn’t a bad thing, it’s a VERY GOOD thing. It’s progress!