"No need for bailout" say diners near thriving Honda plant...

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Lifer
Oct 24, 2000
29,767
33
81
Source

Finally, some more "normal" people talking sense:

ANNA, Ohio (CNN) -- Many people in the diner know someone working in the car industry. They are certainly in car country -- there's an engine factory down the road, and they live between Ohio's major plants and the Detroit home of the industry.

You don't have to go far in any direction to find a threatened auto plant. But the diners and staff do not back a proposed $25 billion bailout.

The car industry in their neighborhood is doing well -- the Honda engine plant in Anna, Ohio, sits amid lots crowded with employee vehicles, ringed by carefully trimmed trees and endless farm fields beyond. It recently underwent a $75 million, 135,000-square-foot expansion.

The success of the factory, which Honda says has built 15 million engines from scratch since it opened 23 years ago, has been spread beyond Anna, which lies in western Ohio between Dayton and Toledo.

"Honda's really helped this area as far as housing, retail sales, the restaurant business," said Tim Rogers, who has owned the Inn Between Tavern in Botkins, just up the road from Anna, for 33 years.

"People who are in here at night are also Honda employees. They have more money to spend. My business has been good since Honda came into the area."

The Inn Between's waitress is busy delivering the lunch special of breaded chicken, mashed potatoes and green beans to a stream of customers who work at different places but all seem to know one another.

The banter is raucous and sustained, and when the conversation turns to a proposed federal bailout for U.S. automakers, there is little support for the idea.

"I don't think they should bail them out because ... obviously something's not right in the way they're running their business, and why should the American people have to bail them out if they can't figure out how to do it right?" September Quinn, the busy waitress, said after the lunch rush at the Inn Between.

She holds the unions just as accountable as the companies for the industry's problems.

"People agree with the unions because the workers want to be backed on everything, but then again, there aren't people striving to do their job better," said Quinn, whose father works at the nonunion Honda plant. "They've just got Papa Bear to back them up in any instance, and they keep their job. And you can do that, but I don't know at the cost of what."

John Lenhart, a consultant with Plastipak Packaging in Jackson Center, Ohio, and an officer with the Sidney-Shelby County Chamber of Commerce, said any bailout should have strong strings attached.

"Unless I'm missing something here, the key to it is, they should put in a game plan and execute it, with serious restraints and serious reorganization," said Lenhart, a former five-term sheriff in Anna's Shelby County.

His Plastipak colleague Will Vetter also said any bailout should have strings attached.

"If you just give them money, you will get same-old, same-old results," he said after lunch at the Inn Between. "They're not prepared to downsize their businesses fast enough and to eliminate their costs at a rate that will make them profitable."

Vetter suggested that bankruptcy would allow GM to make significant changes faster, because a judge could void labor and supplier contracts, debts could be restructured, and Congress would not be involved.

"I guarantee in bankruptcy you can move really fast. You're only dealing with one person. You don't have three or four hundred people you're towing along at half-speed."
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Both men said the nation and its auto industry will find a way to survive no matter what happens to GM.

"The country's got some ills, but we'll heal up," Lenhart said. "We'll be all right."


This issue is so fvcking black and white, it pisses me off to no end that a bailout is even being considered. Average Joe & Jane are against it. Every poll I've seen is against it. But Congress is considering a bailout? WTF! Just because the Dems owe one to the UAW??? I am so sick and fvcking tired of the government being stupid, acting in the interest of one special interest, when the rest of the country is going to get fvcked in the ass by debt. When do the American people, like the people in the above article, get to become THE special interest group? When?!?

Money to The Big Three = Reward for Stupid (Management & Unions) = Reward for GREED (Management & Unions) = FAIL!!!

LET THEM DIE! LET THEM GO BANKRPUPT! LET THEM RESTRUCTURE AT EVERY LEVEL = LET THEM DO WHAT AMERICAN COMPANIES DO!!!

I think it's funny that a Japanese firm like Honda has become more American than the American companies themselves. They do it right.

 
Dec 26, 2007
11,782
2
76
I have family that works for GM, and my gf's dad works for Ford just to give full disclosure.

Do not give them this money. Let them file Chapter 11 and restructure. If they are so worried for cash, why was GM trying to buy Daimler? Why are they flying on private jets? Why aren't they liquedating assets like those jets to bring cash in while they do what needs done?

Because just like the financial/home sectors they are money grubbing SOB's, and should face the consequences of their fuckups. I will most likely never see a get out of jail free card from the government, so why should these sectors? If you let them fail those industries will remember, and won't make the same mistakes. Bail them out and they will just do the same thing again (maybe in a slightly different way, but essentially the same).
 

ayabe

Diamond Member
Aug 10, 2005
7,449
0
0
Letting them slip into Chap 11 is just going to compound their current problems, their sales will go from dismal to nonexistent and therefore they have NO CHANCE WHATSOEVER of being able to recover.

The economy cannot handle this right now, and frankly I'd rather give them a 25 billion loan than spend another penny in Iraq, which is just money down the toilet.
 

brencat

Platinum Member
Feb 26, 2007
2,170
3
76
"I guarantee in bankruptcy you can move really fast. You're only dealing with one person. You don't have three or four hundred people you're towing along at half-speed."

I don't agree with the above statement. This is a bit more complex given if they declare bankruptcy, a lot of suppliers will likely have to file immediately as well. Many of these suppliers make very specific parts that service other car companies, not just GM/F. A GM filing that takes out a few suppliers as well may wreak havoc throughout the whole industry.

That said, I am dead against the bailout in any form. And finding out the CEOs each took private jets to attend the Washington hearing was priceless. These geniuses couldn't even make a phone call to each other to collaborate on "slumming" to this event on a commercial airline to help plead their case.
 

Stoneburner

Diamond Member
May 29, 2003
3,491
0
76
The anti-union sentiment expressed these days is so subversive and misguided that I have to laugh nervously and wonder if people are serious. Then again, it's the same manner in which the anti-regulation sentiment spread in CALIFORNIA before Enron fucked us over.

Yais, blame everything on workers unionizing. It's 1908 again!
 

aigomorla

CPU, Cases&Cooling Mod PC Gaming Mod Elite Member
Super Moderator
Sep 28, 2005
21,065
3,570
126
and when they go under again in another 5 yrs, will you support another bail out of another 25m?

Unless restructure is involved your just handing them a shovel to dig there own graves.

I know the disaster associated with a car company going under. It doesnt end at just the car company.

The company that makes the leather is screwed, the plastic, glass, its multi companies that get burned in the long run.

But i really dont support this bailout without any form of restructuring.
At the very least, the CEO's need to step down.
 

SP33Demon

Lifer
Jun 22, 2001
27,928
142
106
Originally posted by: ayabe
Letting them slip into Chap 11 is just going to compound their current problems, their sales will go from dismal to nonexistent and therefore they have NO CHANCE WHATSOEVER of being able to recover.

The economy cannot handle this right now, and frankly I'd rather give them a 25 billion loan than spend another penny in Iraq, which is just money down the toilet.
No.

 

CLite

Golden Member
Dec 6, 2005
1,726
7
76
We give what 8 billion to Goldman, they give out 7 billion in bonuses. AIG is an endless hole, 100 billion + already, we've given 2 trillion in loans that no one is talking about to banks. Paulson doesn't disclose anything.

so....................

WHO CARES ABOUT 25$ Billion to companies who employee orders of magnitude more employees than the crazies on wallstreet destroying our economy. We are talking about hundreds of thousands of people retired who's healthcare & pension plans are at stake, and hundreds of thousands of people currently employeed. These folks deserve money more than lunatics on wall street taking out billions in bonuses while bankrupting America.

I've ranted about this before and I hope it's clear where I prefer my fairly large amount of tax money going, I'll give it to GM over any bank any day of the week.
 

desy

Diamond Member
Jan 13, 2000
5,446
214
106
"I don't think they should bail them out because ... obviously something's not right in the way they're running their business, and why should the American people have to bail them out if they can't figure out how to do it right?" September Quinn, the busy waitress, said after the lunch rush at the Inn Between.

She holds the unions just as accountable as the companies for the industry's problems.


Yep a waitress
I digress

Both Toyota and Honda have gone on record as wanting the bail-out because they are afraid of what its going to do to their supply chains
 

ayabe

Diamond Member
Aug 10, 2005
7,449
0
0
Originally posted by: SP33Demon
Originally posted by: ayabe
Letting them slip into Chap 11 is just going to compound their current problems, their sales will go from dismal to nonexistent and therefore they have NO CHANCE WHATSOEVER of being able to recover.

The economy cannot handle this right now, and frankly I'd rather give them a 25 billion loan than spend another penny in Iraq, which is just money down the toilet.
No.

Yes.

We know you love your Kia, but stop hating America.
 

SP33Demon

Lifer
Jun 22, 2001
27,928
142
106
Originally posted by: ayabe
Originally posted by: SP33Demon
Originally posted by: ayabe
Letting them slip into Chap 11 is just going to compound their current problems, their sales will go from dismal to nonexistent and therefore they have NO CHANCE WHATSOEVER of being able to recover.

The economy cannot handle this right now, and frankly I'd rather give them a 25 billion loan than spend another penny in Iraq, which is just money down the toilet.
No.

Yes.

We know you love your Kia, but stop hating America.
Actually I drive a 1997 Buick Skylark, but at least you tried. ;)

 

cubby1223

Lifer
May 24, 2004
13,518
42
86
Originally posted by: CLite
We give what 8 billion to Goldman, they give out 7 billion in bonuses. AIG is an endless hole, 100 billion + already, we've given 2 trillion in loans that no one is talking about to banks. Paulson doesn't disclose anything.
http://www.nypost.com/seven/11...n_sachs_ceo_139043.htm




Originally posted by: desy
Both Toyota and Honda have gone on record as wanting the bail-out because they are afraid of what its going to do to their supply chains

Perhaps because they know the bailout will ultimately screw the U.S. automakers even more so?
 

StageLeft

No Lifer
Sep 29, 2000
70,150
5
0
This is the first time in a long time that the average joe has said anything in some interviews I've read and I've agreed.

Of course, as I continue to say (for better or worse), this $25B is merely life support. The big 3 cannot even come up with a bad plan on how they will change their businesses, let alone a good one. They are burning through money faster than Oprah burns through plates at a buffet. If this $25B was actually going to prop them up and send them on their merry way to profitability, it would be much harder to condemn, but there is truly 0% chance it will. They are fvcked, whether they get 25B or 50B. Maybe if all their outstanding debt is cleared they can hold course for a decade or two.
 

miketheidiot

Lifer
Sep 3, 2004
11,060
1
0
Originally posted by: Skoorb
This is the first time in a long time that the average joe has said anything in some interviews I've read and I've agreed.

Of course, as I continue to say (for better or worse), this $25B is merely life support. The big 3 cannot even come up with a bad plan on how they will change their businesses, let alone a good one. They are burning through money faster than Oprah burns through plates at a buffet. If this $25B was actually going to prop them up and send them on their merry way to profitability, it would be much harder to condemn, but there is truly 0% chance it will. They are fvcked, whether they get 25B or 50B. Maybe if all their outstanding debt is cleared they can hold course for a decade or two.

what knowledge do you have of their business model, expenses, etc.
 

JS80

Lifer
Oct 24, 2005
26,271
7
81
Originally posted by: Stoneburner
The anti-union sentiment expressed these days is so subversive and misguided that I have to laugh nervously and wonder if people are serious. Then again, it's the same manner in which the anti-regulation sentiment spread in CALIFORNIA before Enron fucked us over.

Yais, blame everything on workers unionizing. It's 1908 again!

Keep drinking the socialist Kool-Aid
 

Rainsford

Lifer
Apr 25, 2001
17,515
0
0
Originally posted by: JS80
Originally posted by: Stoneburner
The anti-union sentiment expressed these days is so subversive and misguided that I have to laugh nervously and wonder if people are serious. Then again, it's the same manner in which the anti-regulation sentiment spread in CALIFORNIA before Enron fucked us over.

Yais, blame everything on workers unionizing. It's 1908 again!

Keep drinking the socialist Kool-Aid

Labor is just as vital to capitalism as any other factor. Calling pro-labor views "socialism" tells me you can't tell the difference between being pro-business and pro-capitalism.
 

Train

Lifer
Jun 22, 2000
13,584
81
91
www.bing.com
Originally posted by: Rainsford
Originally posted by: JS80
Originally posted by: Stoneburner
The anti-union sentiment expressed these days is so subversive and misguided that I have to laugh nervously and wonder if people are serious. Then again, it's the same manner in which the anti-regulation sentiment spread in CALIFORNIA before Enron fucked us over.

Yais, blame everything on workers unionizing. It's 1908 again!

Keep drinking the socialist Kool-Aid

Labor is just as vital to capitalism as any other factor. Calling pro-labor views "socialism" tells me you can't tell the difference between being pro-business and pro-capitalism.

Your argument, and all the others like it, assume businesses and unions are on the same footing. They are not. businesses can not form monopolies and extort, unions can. Unions are the only organization exempt from US antitrust laws. The socialists will deny and ignore forever the extortionist powers of unions.

To prevent unions from antitrust liability, a "labor exemption" was created under the Clayton Act of 1914. It has two components. The so-called "statutory" labor exemption allows unions to enter into agreements which may create a monopolistic practice regarding the working conditions of the employees it represents.

The "Non-Statutory Labor Exemption" -- the more applicable concept in sports law -- is a judicially-derived expansion of the labor exemption that protects union activity from antitrust scrutiny. It has been the crux of nearly all antitrust actions in professional sports (with the exception of baseball, which had an blanket exemption from antitrust laws until late in 1998).

http://wiki.answers.com/Q/What...an_antitrust_exemption

 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: JS80
Originally posted by: Stoneburner
The anti-union sentiment expressed these days is so subversive and misguided that I have to laugh nervously and wonder if people are serious. Then again, it's the same manner in which the anti-regulation sentiment spread in CALIFORNIA before Enron fucked us over.

Yais, blame everything on workers unionizing. It's 1908 again!

Keep drinking the socialist Kool-Aid
---------------------------
Romney/Jindal 2012

You think Romney and Jindal can save us?
 

CADsortaGUY

Lifer
Oct 19, 2001
25,162
1
76
www.ShawCAD.com
Originally posted by: Rainsford
Originally posted by: JS80
Originally posted by: Stoneburner
The anti-union sentiment expressed these days is so subversive and misguided that I have to laugh nervously and wonder if people are serious. Then again, it's the same manner in which the anti-regulation sentiment spread in CALIFORNIA before Enron fucked us over.

Yais, blame everything on workers unionizing. It's 1908 again!

Keep drinking the socialist Kool-Aid

Labor is just as vital to capitalism as any other factor. Calling pro-labor views "socialism" tells me you can't tell the difference between being pro-business and pro-capitalism.


You're right. It's not really socialism. It's more like communism with it's authoritarian tilt. It may not quite be there yet but with the whole card check thing the libs are going to give the Unions - it'll be pretty damn close.
 

StageLeft

No Lifer
Sep 29, 2000
70,150
5
0
Originally posted by: miketheidiot
Originally posted by: Skoorb
This is the first time in a long time that the average joe has said anything in some interviews I've read and I've agreed.

Of course, as I continue to say (for better or worse), this $25B is merely life support. The big 3 cannot even come up with a bad plan on how they will change their businesses, let alone a good one. They are burning through money faster than Oprah burns through plates at a buffet. If this $25B was actually going to prop them up and send them on their merry way to profitability, it would be much harder to condemn, but there is truly 0% chance it will. They are fvcked, whether they get 25B or 50B. Maybe if all their outstanding debt is cleared they can hold course for a decade or two.

what knowledge do you have of their business model, expenses, etc.
Is that rhetorical?
 

Zorba

Lifer
Oct 22, 1999
15,613
11,255
136
Originally posted by: CLite
We give what 8 billion to Goldman, they give out 7 billion in bonuses. AIG is an endless hole, 100 billion + already, we've given 2 trillion in loans that no one is talking about to banks. Paulson doesn't disclose anything.

so....................

WHO CARES ABOUT 25$ Billion to companies who employee orders of magnitude more employees than the crazies on wallstreet destroying our economy. We are talking about hundreds of thousands of people retired who's healthcare & pension plans are at stake, and hundreds of thousands of people currently employeed. These folks deserve money more than lunatics on wall street taking out billions in bonuses while bankrupting America.

I've ranted about this before and I hope it's clear where I prefer my fairly large amount of tax money going, I'll give it to GM over any bank any day of the week.

This
 

Zorba

Lifer
Oct 22, 1999
15,613
11,255
136
For you free marketers out there what happens when 52% of the supply disappears what happens to the prices? I really hope all of you that are hoping for the Big 3 to fail are going to like paying an extra 50% for new cars. Hell, a 50% increase in price is probably an underestimate considering all the other manufacturers supply chains with be screwed over too.

These companies have been ran like shit, but I can't believe how many people seem happy about them failing.