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Don't forget that this game was started by the previous administration.
Didn't Bush loan GM some TARP money to try and avoid BK? Obama redirected it to the UAW pension plan and then proceeded to rob the bondholders to keep the UAW happy.
The Bush administration offered to loan the auto companies about $17 billion to buy them a few weeks but it wasn't intended to stave off bankruptcy.
As I recall President Geo. W. Bush asked what Obama-elect wanted to do. President George W. Bush then put money toward keeping GM going until Obama could effect his wishes as the new president to save the company. As I recall during the election Obama made clear he understood the economics and had it all down pat as to how best handle the economic problems.
2014 Malibu 2LT, 2015 Cruze 2LT,
Yes, Bush pulled out the ice cream cups and put the scoops in; and Obama added whipped cream, nuts, and cherry on top. :mad:
I had never seen that mentioned before. Do you have a link to that information?
I would love it if we had 100% of Social Security to pick up monthly then, too. That's in to the next decade, mind you. According to sources, that's from the U.S. Federal Government, not the Federal Reserve. Is this true or false? Does it really come from the Federal Reserve and not from the U.S. Federal Government? Apparently though you might think they're one and the same they're not!
2021 Kia Soul LX 6-speed stick
If I recall, in 1985 or 86, Roger Smith bought Hughes Electronics, ro, as he called it, Lulu, for approx 5 billion (with a "b") back then...I was unaware that GM sold Hughes, but I am sure they paid billions, not millions, even back in the 80s...
GM sold Hughes Aircraft to Raytheon. It included all the weapons systems that Hughes had bought from General Dynamics during GM's ownership. The rest of of Hughes was merged with Delco which became Delphi, Boeing bought the satellite operations and News Corp bought the DirectTV business.
Michigan accounted for about 10 percent of the nation's loss of unionized workers as the Wolverine State fell to the seventh most-unionized state, from fifth in 2011."
Union membership falls to 70-year low (Detroit News)
The total unionization rate declined from 11.8 percent of wage and salary workers in 2011 to 11.3 percent in 2012. Private-sector unionization fell from 6.9 percent to 6.6 percent, and the government unionization rate dropped from 37 percent to 35.9 percent. The total Obama-era decline is 1.1 percentage points, compared with 1.1 percentage points during the eight Bush years.
Although Obama has championed union causes, his tax and regulatory policies have systematically discouraged business investment and job creation in America for all workers -- union and nonunion.
http://washingtonexaminer.com/furchtgott-roth-why-the-unions-are-shrinking/artic- le/2519391#.UQB5QfLNnTo
I still think that the Suzuki Kizashi is the best midsize car out there. I love that car. Suzuki rocks. And what do American people buy? Honkin' big pick-em-up trucks.
What a sad joke. It is all Japanese cars...they are the best bargains and the best-made vehicles that can be bought.
Now get back to your weird shoot-em-up video games that you can't be disturbed from playing. And no Snickers bars allowed for three months. And you must play only Beyonce music for 24 months straight. That oughta get you.
2021 Kia Soul LX 6-speed stick
You mean Milli Vanilli Beyonce the tramp? :P
You got it brother!
2021 Kia Soul LX 6-speed stick
I wonder how much of that has to do with people retiring. Many of these heavily unionized jobs have an older workforce and once the old guys retire, they're not always replaced. The boomers are hitting retirement age. Every union worker I know over 55 has retired over the past 8-10 years.
When my FIL was forced to retire back in 2000 when his mill went bankrupt, he had 30 years experience and still was one of the lowest in seniority in his department.
The UAW doesn't have that economic class difference to use as a recruitment tool.
He may not be worried about right to work, but Detroit's Big Three automakers are. Privately, senior executives at General Motors Co., Ford Motor Co. and Chrysler Group LLC worry about the impact it will have on worker morale. King said they should be.
King acknowledged that Nissan and the other foreign automakers are proving tougher nuts to crack than he expected.
King: UAW needs to refocus, re-energize (Detroit News)
For those who remember this rather off-topic thread, what did I tell you? :shades:
U.S. Economy Unexpectedly Contracts in Fourth Quarter (WSJ)
Lots of that was actually due to federal spending cuts, but at least car sales are booming, which is good news for the UAW.
"Richardson Texas will be the BOOM town year 2000"
In many ways, it's worse. Like the massive declines in the nation's steel, oil and automobile industries in decades past, the disintegration of the telecom business is leaving deep wounds in the U.S. work force. But labor historians say telecom stands out for the unprecedented speed of the boom-and-bust cycle. After telecom was deregulated in 1996, it quickly expanded by some 331,000 jobs before peaking in late 2000. Since the downturn started, though, companies have announced layoffs that have wiped out all those new jobs and more -- a total of well over 500,000 workers, according to a tally by The Wall Street Journal. By contrast, it took two decades for the ranks of the United Auto Workers to fall to 732,000 from 1.5 million, as the auto industry was forced to become much more efficient in the face of foreign competition.
http://www.happinessonline.org/InfectiousGreed/p26.htm
No cheap place to live either I bet. Probably lots worse over in Williston though.
The plainly delusional head of the UAW embarrassed himself - yet again - in a rambling interview with The Detroit News last Friday. In typical King fashion he blamed everyone else - while insisting he wasn't blaming anybody - for the UAW's troubles, including Michigan Gov. Rick Snyder, the failure of the Democratic party to bolster his union and the Evil Empire of Nissan. King went so far as making accusations, according to The News, against Nissan's management at its Canton facility, including this: "In Nissan Canton, every level of management in that plant has been involved in threats and intimidation of workers," King said, adding that workers at the Mississippi plant have been told the factory will be closed or future vehicles will be produced elsewhere if they vote to unionize. "It is an attack on human rights, civil rights, worker rights." To Nissan's credit, they blasted back, basically accusing King of not telling the truth, although I'm sure they wanted to use much harsher words. "The UAW's continued attempts to disparage Nissan are unfounded. Over the last 30 years Nissan's U.S. manufacturing operations have built a hard-earned reputation for being ethical, honest and transparent in our dealings with our employees and the communities where we do business," said company spokesman David Reuter. The real issue? King can't for the life of him figure out why no transplant auto manufacturing facility wants anything to do with his union, even though he has been insisting for going on two years now that it would just be a matter of time before they succumb to the UAW's bullying tactics. No, the reality is that it's just a matter of time before the UAW completely implodes due to the weight of its delusional view of the world and its ridiculous intransigence. This just in: It's all over except for the hand-wringing for the UAW. And it's oddly comforting - and comical - that King continues to be the last one to know.
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
Alameda Park Zoo in Alamogordo is the oldest park in the SW (built in 1898) and has 70 creatures in their natural habitat to enjoy while visiting.
2021 Kia Soul LX 6-speed stick
UAW stands for U Ain't Working.
He represents EVERYONE that is a UAW member, pure and simple...they have lived in a cloud for decades, thinking that tightening lug nuts is skilled labor worth $35/hour...it isn't...it is that simple...they have this inflated view of themselves, like Hollywood movie stars who live in their own vacuum, believing their own press clippings...
At least the buggy whip makers realized the handwriting on the wall when they saw more and more cars drive past their shops every day...these UAW idiots think they will bring the transplants into their fold when those folks run like hell when the union appraches...
The UAW is as obsolete as the old 5 pound cell phones, they just don;t know it because they have a Democrat in the White House trying to insulate them from reality...it works now, but the fuse is burning slowly...
If the Repubs take the White House in 2016 (another topic, I know) you can assume that the UAW will be history by the 2nd year of the administration...and the nation will be better off for it...
GM will pay 49,000 U.S. hourly workers up to $6,750 each, Ford will pay 45,800 U.S. hourly workers an average of $8,300 each, and Chrysler Group LLC this month paid 31,000 U.S. hourly workers an average of about $2,250.
The combined per-worker total of $17,300 is only slightly lower than the $17,875 total the three automakers paid out in 1999, according to the UAW. It's also $2,600 higher than the combined bonuses last year."
UAW members in southeast Michigan to share $360M in profit-sharing checks (Detroit News)
It would be interesting to what the C-Level executives pulled down as bonuses for the same period.
SAN DIEGO — An administrative law judge with the state’s Public Employment Relation Board, or PERB, has ruled San Diego leaders should have negotiated with labor unions on eliminating pensions before taking the issue to the ballot
City Attorney Jan Goldsmith said this ruling changes nothing. He said the issue was brought to vote through a citizen’s initiative process, which is protected through the State Constitution.
"We’re not gonna back down one iota, I can tell you that," he said. "Because the people do have a right under direct democracy to bypass the city council, to bypass the state legislature, to bypass the labor unions, and to bypass PERB. This is a constitutional right, no different than the first amendment."
Goldsmith said the city had anticipated this outcome. San Diego must now go to a PERB review panel and can then go to the courts. The process could take years. In the meantime, Goldsmith said the city can continue to implement the voter approved switch to 401(k)s for most new city employees.
PERB had filed several lawsuits against the city, asking the courts to first take pension reform off the ballot, and then to delay implementing it once voters approved the measure.
http://www.kpbs.org/news/2013/feb/13/state-agency-rules-against-san-diegos-pensi- - on-refo/
By Emmanuel Jarry and Catherine Bremer | Reuters
PARIS (Reuters) - The CEO of a U.S. tire maker has delivered a crushing summary of how some outsiders view France's work ethic in a letter saying he would have to be stupid to take over a factory whose staff only put in three hours work a day.
Titan International's Maurice Taylor, nicknamed "The Grizz" for his negotiating style, told the left-wing French industry minister in a letter published by media on Wednesday that he had no interest in rescuing a plant set for closure.
"The French workforce gets paid high wages but works only three hours. They get one hour for breaks and lunch, talk for three and work for three," Taylor wrote on February 8 in the letter in English to the minister, Arnaud Montebourg.
"I told this to the French union workers to their faces. They told me that's the French way!" Taylor added in the letter, which was posted by business daily Les Echos on its website and which the ministry confirmed was genuine.
"Titan is going to buy a Chinese tire company or an Indian one, pay less than one Euro per hour wage and ship all the tires France needs," he said. "You can keep the so-called workers."
Socialist President Francois Hollande might take some comfort in Taylor's view of his own country's business policies: "The U.S. government is not much better than the French," he said, referring to a dispute over Chinese exports.
http://www.reuters.com/article/2013/02/20/us-france-workers-idUSBRE91J0OF2013022- 0
” Meet Allan Hill, the man who lives In Detroit’s abandoned Packard Auto Plant”
http://beforeitsnews.com/opinion-conservative/2013/03/meet-allan-hill-the-man-wh- o-lives-in-detroits-abandoned-packard-auto-plant-2593864.html
Last time I was in Whittier was around 1973. Before they started to renovate that military building. We hauled my landlord's boat over on the train, and spent several days in Prince William Sound fishing. From Google maps it looks a lot different today.
Food Pantry Serves Growing Hunger in Suburbia</a
But no doubt, this virtually unregulated "free trade" socialize losses/privatize windfalls system is creating demand for safety net services.
"We strongly recommend that the eligible employees at Volkswagen, Chattanooga, decide that the UAW should represent them," he added.
Huber's letter is another positive sign for the UAW. Last week, Horst Neumann, VW's board member in charge of human resources, said the company was in talks with the UAW about setting up a German-style labor board at the Tennessee factory."
German union chief to VW Tennessee workers - Join UAW (Reuters)
Look no further than the elections of 2006 and 08. I know in CA we are shedding 5.4 businesses per week. Most due to over regulations. The only unions left here with any stroke are the worst kind, the Public Employee Unions. They are giving all Unions a bad name. The State, county, city workers are not hurting like the private sector. Except in the cities they have pushed into bankruptcy. At the Federal level many have gotten fat raises over the last 5 years.
So it is the government workers and the 1%ers that are getting richer, while the rest of US are getting poorer and paying more for everything including taxes.
Some who have legitimate fear of being strung up (or continue to have hopeless dreams of joining that class, as is typical for the poorly educated pseudo-capitalist) whine about "class warfare" - it should be obvious who has declared war on who.