GM Ups The Ante To 30,000 Job Cuts
These people are ruthless!
"the plan is aimed at saving $7 billion a year by the end of 2006."
But, who gets the savings?
"If we've learned anything in the last five years, it's that there's no guarantees in this business or any other business."
Of course business is VERY RISKY!!!
Because you've given all the GUARANTEES to moneylenders!!!
That which is given must come from somewhere.
Interest based lending has evolved into a practically NO RISK activity.
It is, simply, un-NATURAL.
Risk is inherent in life. You cannot eliminate risk;
you can only transfer it--from lenders to equity investors and workers!
Restore the balance of risk and equity investing will no longer be as risky as it is now and workers can keep their jobs and benefits!
posted by qrswave @ Monday, November 21, 2005
1 Comments:
"But, who gets the savings?"
If you were in debt and had to cut costs
to make ends meet, who would your 'savings'
go to? Duhhhhhhhh. How about the bank!!!!
Consider that when you go to purchase a new
vehicle from GM, Ford, or any other auto-maker
that's in debt. Their profits, which you
provide for them, go directly to their financiers.
Consider also, that cost cutting measures
manifest themselves in the product too.
So in order to keep the bankers swimming in cash,
your vehicle will not be as good as it could have.
Make plans for 'inherent flaws' and suboptimal designs because GM had to make 'compromises' in
the manufacture of your vehicle.
The bankers will appreciate your understanding, however.
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