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Automotive News & Views United Automobile Workers of America (UAW)
16663 messages, Last post on Nov 08, 2009 at 9:32 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: gagrice (Dec 05, 2008 8:50 pm) Not too many people have a Jobs Bank to fall back on. |
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Replying to: gagrice (Dec 05, 2008 8:40 pm) The city of Indianapolis just contracted yesterday to buy 90 Hybrid Camrys as non-pursuit police vehicles. They were offered $1700 lower price per car for hybrid Malibus from a local dealer but chose to pay more and send our tax money to Japan. They calculated that the Toyota was going to get better gas mileage to more than compensate for the $1700 up front cost. The news says this may be a bad political move in a state and city that is having hundreds of B3 layoffs this week. Even our Mayor wants us colonized. |
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Replying to: tlong (Dec 05, 2008 8:15 pm) Reminds me of that bumper sticker "Buy American, The Job You Save May Be you Own". This is true more than ever. Self preservation is something Americans will look at as the price of their home goes down, their 401K evaporates with their dreams of retirement, and the American Dream is all but a nightmare for this next generation. One has only to look and see that Toyota stock is selling at a 52 week low and at half the value. Industries such as steel and textiles are all but gone and this time we have a new player at the table, China. In the long run China will bury the Toyota/Honda as experts expect. The most Honda/Toyota can expect is a niche market, such as that of MAC/Apple in the computer industry.
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Replying to: tlong (Dec 05, 2008 8:15 pm) During times when private investment isn't being crowded out and or interest rates deter private investment or put off private investment altogether. Govt spending is not the evil you might think. Fact is that you haven't seen anything yet as the spending govt will have to do as the only tool. FED has lowered interest rates to historical lows and fiscal policy is all thats left. Eerie the common events of our nation to those of Japan and their decade of agony. Much like a ten year flu and all you have is a bottle of asprin. |
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Replying to: dave8697 (Dec 06, 2008 4:54 am) The news says this may be a bad political move in a state and city that is having hundreds of B3 layoffs this week. Maybe fiscal responsibility is more important to the mayor than political correctness. I think the bigger picture would be showing the imports that Indianapolis would welcome MORE non union factories to their city. Unlike Michigan that would be most unfriendly to Toyota and Honda, Indiana already has a strong presence in the state. Those empty B3 factories can be had for pennies on the dollar and we have people that will work for the going wage without whining. Like Shelby of Alabama, your mayor wants what is good for his constituents. So buying the Camry hybrids was probably a very smart move. They also get 22% better city mileage than the new Malibu hybrid that is relatively untested. My daughter, SIL and grandson moved to Evansville last summer. They really like it there. Cost of living half of San Diego. They just bought a NEW GMC Sierra PU truck that my son in law has wanted for several years. My grandson loves his school. SIL only drives 4 miles to the office instead of 25 in bumper to bumper traffic. Sounds like Indiana will come out of this mess better than some of the other states around them. |
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Replying to: steve_ (Dec 05, 2008 8:38 pm) So my predictions aren't good enough? Truth is that the unemployment rate, consumer price index, and othe measures have been toyed with. Much like cooking the books in many large companies. In order to hold a line on cost of living adjustments in those social security checks, some tweaking happened. Most UAW contracts too had their multiple and or base year changed. Then we could go into the "average wage earners basket" (CPI) and see that energy and food are missing as core parts. Then now days 25% instead of 33% goes into housing. People over react to numbers/metrics and Wall Street be the rumor mill that it is, saying nothing is sometimes best. Ford took a step back and said they weren't having any issues after the beating GM shares took. I know better, they are all hurting, all of them, including the imports. So here comes my next prediction. THE 10% PENALTY FOR DIGGING INTO THE 401K WILL BE DONE AWAY WITH
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Replying to: dallasdude1 (Dec 06, 2008 6:03 am) Just received my update from SS in the mail. Official percentage for this year is 5.8%. So I get an additional $99 on my January deposit. Better than a poke in the eye with a sharp stick. I am just hoping I live long enough to get back what I put in over 46 years. It is doubtful. When I reach 75 I will be looking for the interest on that $250,000 contributed by myself and my employers. THE 10% PENALTY FOR DIGGING INTO THE 401K WILL BE DONE AWAY WITH Didn't Obama or Biden suggest that in the campaign. Along with removing the tax deduction on 401Ks?
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Replying to: dave8697 (Dec 06, 2008 4:54 am) Didn't that mayor just take a taxpayer funded trip to Asia? This reeks of graff and corruption. We still have lots of work to do in getting labor friendly folks into office. The UAW supports labor friendly folks in office regardless of party.
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Replying to: dallasdude1 (Dec 06, 2008 7:00 am) I would say over the last 2 years more anti labor folks have been elected to Congress and the Presidency. Spreading the wealth is not pro labor. It is pro non worker. Creating jobs is best done by the private sector. That is not always what the Unions and especially the UAW vote for. Your view of jobs is different than mine. Jobs are created to produce something at a profit. Many Unions like the UAW think that jobs are to keep people working whether they are making the company money or not. Add to that the Jobs Bank and you have a totally Un-American situation. Paying people not to work is "Warehousing Votes". |
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Replying to: dallasdude1 (Dec 06, 2008 6:03 am) So my predictions aren't good enough? Did you also predict that we are officially in a recession? By Chris Isidore, CNNMoney.com senior writer Last Updated: December 1, 2008: 5:40 PM ET AMERICA'S MONEY CRISIS * Georgia bank shuttered by regulators * Job picture could get even worse * Consumer credit drops $3.6B in October * Bush: Protect taxpayers in auto bailout * Stocks rally despite jobs report NEW YORK (CNNMoney.com) -- The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of the economy  Some analyst predicted an uneasy economy for 25 years. Perhaps you can hit the target? Regards, OW
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