# why the big 3 failed **URL:** \ **Category:** NYSpeed Automotive\ **Created:** [September 13, 2009, 2:27pm UTC](https://forums.speedlife.net/t/why-the-big-3-failed/73460 "2009-09-13T14:27:49Z")\ **Posts on this page:** 9\ **Page:** 2
**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\ **Post date:** [September 13, 2009, 7:16pm UTC](https://forums.speedlife.net/t/why-the-big-3-failed/73460/21 "2009-09-13T19:16:32Z")
> [@ImportMuscle](#): > > but, but they’re supposed to make insane amounts of money to do repetitive line work. > > its the American dream :rolljerk: ![http://www.bigqueer.com/uploads/FuckYeah.jpg](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/f/3/f3454a1c6d590495e6a9abb21053a6c11430de87.jpeg) GM’s pension plan is not sustainable at all. It will implode. Most other pensions and 401k’s are likely doomed as well. Putting all your eggs in a single “diversived” basket isn’t being diverse or safe at all. Investing in something that provides no cashflow and only offers aspirations of appreciation for profit is the logic of a person with a low financial IQ. The execs for all companies should get a base salary and then incentive based on specific goals. But then again I feel the same about pro athletes, I digress. But don’t worry…most biz are “too big to fail” and we will be penalized for their poor management via taxes and inflation as a secondary tax. SIGH. ---
**Author:** ![KuntryQuestTSi](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/kuntryquesttsi/32/5010_2.png) [@KuntryQuestTSi](https://forums.speedlife.net/u/KuntryQuestTSi)\ **Post date:** [September 13, 2009, 8:59pm UTC](https://forums.speedlife.net/t/why-the-big-3-failed/73460/22 "2009-09-13T20:59:13Z")
> [@Just Karter](#): > > id do any job for 15$ an hr, if I was guirnteed 40 hrs + health care. > > thats more than enough to happily live and still dump 10k a year into a bank account for savings. I’m with you 15 an hour and I will be happy with some health care. ---
**Author:** ![jt76](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jt76/32/5100_2.png) [@jt76](https://forums.speedlife.net/u/jt76)\ **Post date:** [September 13, 2009, 10:20pm UTC](https://forums.speedlife.net/t/why-the-big-3-failed/73460/23 "2009-09-13T22:20:10Z")
want to see the power of unions? take a ride on route 5 between hamburg beach and the city ---
**Author:** ![traumadog](https://avatars.discourse-cdn.com/v4/letter/t/8baadc/32.png) [@traumadog](https://forums.speedlife.net/u/traumadog)\ **Post date:** [September 13, 2009, 10:52pm UTC](https://forums.speedlife.net/t/why-the-big-3-failed/73460/24 "2009-09-13T22:52:49Z")
Just remember, Biden was quoted as saying “unions are needed to restore good-paying jobs here in America”… Not that having a high-paying job is bad - it’s just that there’s no way to compete when it’s so cheap to ship from a country with an average wage of $150/week. ---
**Author:** ![Hass](https://avatars.discourse-cdn.com/v4/letter/h/51bf81/32.png) [@Hass](https://forums.speedlife.net/u/Hass)\ **Post date:** [September 14, 2009, 3:27pm UTC](https://forums.speedlife.net/t/why-the-big-3-failed/73460/25 "2009-09-14T15:27:38Z")
> [@KuntryQuestTSi](#): > > I’m with you 15 an hour and I will be happy with some health care. Yeah, 15-20 is way more than enough considering they are unskilled positions on assembly lines. Kids go to school for 4+ years and don’t even make 15/hr. ---
**Author:** ![Dekar12](https://avatars.discourse-cdn.com/v4/letter/d/41988e/32.png) [@Dekar12](https://forums.speedlife.net/u/Dekar12)\ **Post date:** [September 16, 2009, 6:53am UTC](https://forums.speedlife.net/t/why-the-big-3-failed/73460/26 "2009-09-16T06:53:36Z")
The legacy costs of pensions, medical, and other benefits I think is personally more responsible for soaking up the majority of the money in these companies. Also, the unions are really a joke. Watching people get walked out of a building because they were on drugs or drunk, and then seeing them back on the job a week later. Why did the unions fight to bring back the bad apples? Really… ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [September 16, 2009, 7:14am UTC](https://forums.speedlife.net/t/why-the-big-3-failed/73460/27 "2009-09-16T07:14:04Z")
I think we should trade with the rest of the World but they should make $.20/hour so I can buy cheap stuff while I make $40.00/hour. I don’t see why this plan won’t work longterm. ---
**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\ **Post date:** [September 16, 2009, 8:20am UTC](https://forums.speedlife.net/t/why-the-big-3-failed/73460/28 "2009-09-16T08:20:19Z")
> [@Blue Eyed Devil](#): > > I think we should trade with the rest of the World but they should make $.20/hour so I can buy cheap stuff while I make $40.00/hour. I don’t see why this plan won’t work longterm. EPIC Utopian Theory! LMAO!!! ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [September 16, 2009, 8:35am UTC](https://forums.speedlife.net/t/why-the-big-3-failed/73460/29 "2009-09-16T08:35:20Z")
> [@Blue Eyed Devil](#): > > I think we should trade with the rest of the World but they should make $.20/hour so I can buy cheap stuff while I make $40.00/hour. I don’t see why this plan won’t work longterm. As Dennis Leary would put it, “We’ve got the bombs” so there’s no problem. 😛 [Previous page](https://forums.speedlife.net/t/why-the-big-3-failed/73460.md?page=1)