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Automotive News & Views United Automobile Workers of America (UAW)
16667 messages, Last post on Nov 10, 2009 at 3:38 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: steve_ (Nov 12, 2008 5:40 pm)
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Replying to: lemko (Nov 13, 2008 6:07 am)  If they would implement tariffs on all imported cars and parts and address the currency manipulation done by the Asians, american business would prosper once again. I also believe strongly in enforcing our anti-trust laws so small business the creators of new things could prosper and be given a chance to grow their companies instead of being constantly squashed and their new products killed !!! -Rocky |
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Replying to: rockylee (Nov 13, 2008 6:04 am) Medicare IS National Health care. Don't expect anything better from the Government. If all these so called National Health Care programs were so good you would not have people flying into the USA for treatment. Such as the poster from Sweden. Most National Health Care plans are very basic and sometimes like Canada, have long wait times for treatments. Even with serious life threatening illness. The Feds started taking out money from our paychecks for Medicare in 1966. So I paid in 40 years to that plan. With an average lifespan of 70 for men in this country I will get that service 5 years. I currently pay $126 per month for Medicare taken out of my Social Security check. My employer and myself paid in over $50k dollars during my career for MEDICARE. Without figuring interest that is about $11,500 per year for health care. I could have bought a real nice health & dental care plan for $958 a month that the Democrats extorted from me over my career. So tell me why should GM pay the UAW retirees health care when they paid into Medicare their whole career?
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Replying to: gagrice (Nov 13, 2008 6:09 am) I have a hard time talking to you on these issues because as a union supporter it bothers me that you are a globalist, pseudo-capitalist !!!  The teamsters I know think a lot more like me than you !!! They are very pro-american, and think we need to rid ourselves of all this shoddy lead tainted goods we import from those commies !!! I never though of myself as having a silver spoon compared to most kids growing up !!! Michigan, use to be a beacon of good jobs from white collar to blue collar and their use to be a mutual respect among all of us playing a major part in contributing to the good of the country. That nationalism, has been lost !!! The UAW, workers are better trained, have more pride, than their non-union competitors. The UAW, agreed to seriously loosing up their restrictive work rules last contract. They found that plants like Lansing, MI. Cadillac plant is safer and more ergonomically friendly to the work force. The Delta plant though is a sweat shop and many injuries have occured in that plant causing surgeries of shoulders, knees, etc, for the older workforce !!! I love how you rail against Obama, on illegal aliens even though your current president and nominee have been pushing for amnesty for the last 4 or 5 years. I will also note that Lou Dobbs, supports the Big 3 bailouts but agrees trade, currency manipulation, and some sort of content laws need to be implemented !!! I know your golden eutopia would be the Reaganomic Theory of trickle down economics but one would think that after 8 years of that program that we need change as the world of business ethics has changed. You can't tax break corporate america into creating jobs. They will however love you if you give them a tax gift as a parting gift to help them pay for that new plant in china !!!  -Rocky
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Replying to: lemko (Nov 13, 2008 6:23 am)  I am all business in a interview and the young girl that interviewed me probably thought I was too serious as I'm not the cheerleader type and like to be professional ??? Best Buy, was only going to offer me back then 10-30 hours a week and how is one suppose to live on that ??? So lemko, do you just work part-time ??? -Rocky
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Replying to: gagrice (Nov 13, 2008 6:29 am) Because it's a benefit of working some place for 30 years something this country has lost site of because the greedy at the top (insurance and pharmaceutical companies) have to make absurd amounts of profits !!! That is the problem with privatizing certain sectors. What if Bush, would of privatized social security and medicare like he wanted ??? Where would these old folks be ??? My generation would work until we are dead and given the current circumstances it looks like I and Fintail, will likely do that even with S.S. !!!  -Rocky |
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"Deregulation allowed these banks to act as brokerages houses. Any student of economics...blah blah blah" Did I see where you are an eceonomist? Can't be. Deregulation of the retail banking industry has nothing to do with any of the problems casued by investment banks bundling MBS's with loans originated by mortgage brokers from whereever, retail bank or otherwise. You clearly live in a textbook. I was an economcs major until it became apparent that most bachelors-economics majors were waiting tables in the recession of early 90's. Don 't let me dissaude you from quoting high school text books with completely off topic material here tho...  "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. What does this have to do with anything? Move away from the textbook...Please help us understand what money velocity has to do with anything about the current crisis. Pleeeeeeeeze "I advise high net worth folks among others. At the beginning of the year I put them in cash. Its an ethical and fiduciary responsibility. If this Xmas is what I'm thinking its going to be, those retailers will be downsizing. The vacancy rate will rise and thus rents will go down if anything to lure businesses. To forecast anything but a downward spiral is just wishful thinking. People that live off churning/commissions would like volume rather than results on others investments. Again this is real money and not monopoly money. People's retirements, children's college tuition, and folks futures. If you lose 50% this year, you will have to gain 100% just to get back to where you were." I like the moves you made but, come on, it's not ethical to time the market, correctly or not. You have a responsibility to be prudent, some whould argue timing is a fools game. If you time it wrong, ethics wont keep you working. And what's with the monopoly money...i have real money at stake dude- unless your investment house takes monopoly money enough already. The money we collect in rent smells real too...sheeesh At this point I advise those who seek out my opinion to invest in REIT's right now! And not in GM or Ford. Your ethics wont do much for you if you miss the boat on the upside. Sell low and buy high is not what the prudent investor wants to do so when are you advising to buy into the market? Go check out a Simon or General Growth Retail center and tell me thier portfolio is not going to collect acceptable rents from a reasonable occupancy % and be able to survive a long protracted downturn. There are also companies that are going to improve in a down cycle.. Right now your cllients are earning less than inflation. How long long are they putting up with that? Also my grandmother earns the same 8% yield on her stock whether it goes down or not. IF she were your client she'd be in the street with that 2%
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Replying to: rockylee (Nov 13, 2008 6:44 am) |
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