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Automotive News & Views United Automobile Workers of America (UAW)
16715 messages, Last post on Dec 01, 2009 at 7:43 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Here's a link to an article by Cal Thomas where blames the UAW for GM's owes. I'm not a fan of the UAW or unions but I don't agree his assessment. http://www.middletownjournal.com/o/content/oh/story/opinions/editorial/2008/11/1- 3/swg111308thomas.html
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Replying to: gagrice (Nov 12, 2008 4:33 pm)
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Replying to: dtownfb (Nov 12, 2008 4:55 pm) |
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Replying to: rockylee (Nov 12, 2008 11:49 am) The following link to the Kia website indicates the starting wages are $14 an hour, and increase to $27 an hour. There were 43,000+ applicants!!! Kia must have confidence that the public will purchase their cars. https://www.kiajobsingeorgia.com/faqs.php#2
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Replying to: alpine1 (Nov 12, 2008 5:11 pm) More so than GM does lol 
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Change comes at great expense as we are realizing at the present times in the U.S. If you think any auto company here will support a strong union as in the past, good luck. Either Blue or Red policies, the businesses can not afford it. Fair wages are going to be very different in this global economy one way or the other. When things get out of balance, circumstances inevitably bring excess or deficiency back in line. You enjoy the good times and be prepared for the bad. Continuous change can be managed if it is expected to continue. Ignore that fact and expect to be surprised again and again. BTW, why didn't we bail out Circuit City?? Regards, OW
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Replying to: circlew (Nov 12, 2008 5:39 pm) 'Cause everything in there is made in China?
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Replying to: sixfive (Nov 12, 2008 6:51 am) Thats the mantra which the Toyota's and Honda's of the world would have us believe. These are the darlings of the American business schools and not something I just made up. Take up that argument with those whom idolize the Toyota's and Honda's of the world and detest the UAW/Big Three. Some idiots may have misunderstood the risks they were buying, but most of the real issues are on wall street - the bank for the banks. Deregulation allowed these banks to act as brokerages houses. Any student of economics knows that prior a bank and or insurance company was a sure bet. Its absurd and preposterous to bankrupt these industries because of their ability to create money and actuarial charts. However, we now stand corrected as greed in the banking sector led to the lobbying to deregulate. Let them liquidate as any other business does in a capitalist society. A bail out seems like money from the taxpayers going into the banking system, therefore the taxpayers own the banks. Its socialism otherwise and UN-American. I think some basic understanding of the banks and thier interactivity with COMMERCIAL real estate borrowers is in order for you. Don't confuse the subprime mess with commercial real estate markets. Commercial real estate is actually affected by the subprime mess in the same way you are by limiting transaction capital flow. Everyone is suffering. You assume that if you deposit $100 in a savings account, they loan $100. Wrong, they are required to maintain a reserve requirement which is about 20% and therefore they lend your $100 deposit out 5 times. So they loan out $500. If you buy something with the loaned money , it works its way back into the banking system. Suppose you buy a car, the auto dealer deposits the money in a bank. This is called the creation of money by the national banking system. I'm well aware of the macro economics, money, and banking. I'm what they call an economist and not someone that just got an MBA add on to their other degree.
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Replying to: steve_ (Nov 12, 2008 5:40 pm) I don't have a problem with helping people but when a failed company goes bankrupt and it's OK and another is failing and it's a sin to let it go, where is the sanity? Take a look at AIG... WASHINGTON - Rep. Elijah E. Cummings called yesterday for the resignation of American International Group's top executive after news reports of another resort hotel event involving employees from the giant insurance firm. Cummings has emerged as a prominent critic of AIG, which received a revised, $152 billion federal bailout package this week. The Maryland congressman was responding to a report by an Arizona television station that AIG executives participated in a recent training session for financial planners at a Phoenix resort. INSANE! Where is Crazy Eddie? Why he's working for the U.S. Treasury for the last couple of months! Be prepared to see bleeding stories from the bailout of US auto after they get their bailout loot!  Regards, OW
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Replying to: circlew (Nov 12, 2008 5:55 pm)  I wonder what Cal Worthington would do? Whoa - his sales are down by about 55 percent. Go See Cal.
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