# Prez Obama says 'no more handouts'. US automakers get a deadline **URL:** \ **Category:** SON240sx Automotive\ **Created:** [March 31, 2009, 2:55pm UTC](https://forums.speedlife.net/t/prez-obama-says-no-more-handouts-us-automakers-get-a-deadline/123110 "2009-03-31T14:55:56Z")\ **Posts on this page:** 1\ **Showing post:** 10
**Author:** ![brocoli](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/brocoli/32/5518_2.png) [@brocoli](https://forums.speedlife.net/u/brocoli)\ **Post date:** [March 31, 2009, 7:35pm UTC](https://forums.speedlife.net/t/prez-obama-says-no-more-handouts-us-automakers-get-a-deadline/123110/10 "2009-03-31T19:35:01Z")
> [@EVO wont start](https://forums.speedlife.net/t/evo-wont-start/21149/13): > > Did anyone else see the CAW president on TV yesterday around 2? I personally work as well as my two parents at the Chrysler Etobicoe casting plant. What you dont realize is that we have already given up TONS to try and make this company viable. Our breaks were cut close to 30% as well as increasing machine speed. They even removed stupid things such as cable TV in break rooms that cost close to 250$ per year.(This is a parts production plant not assembly) Labour counts for 7% of a cars assembly price. Alot of the problem is the companys refusal to work with the union. > > Noga He’s right. I’ve been giving the unions a bad rep in conversation, but to be truthful if they are only 7% of overall expenses, these companies shouldn’t be saying it’s their faults. The real issue seems to be unethical investing of pension funds in the markets, most likely trying to make a buck on top of paying the pensions. These legacy costs should not be removed off the books to save the money… that’s people’s pensions that they agreed too and worked for. If you ask me, and I know no one really is, these companies have a horrible business model. But can you really blame them? Our whole society was built on buying Escalades and Denalis when the Asians’ were working on fuel efficiency. They knew that’s where the market was going, but the big 3 fell for the big balla whips. Bad judgement call I think. --- _[View the full topic](https://forums.speedlife.net/t/prez-obama-says-no-more-handouts-us-automakers-get-a-deadline/123110)._