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United Automobile Workers of America (UAW)

16705 messages,  Last post on Nov 25, 2009 at 6:56 PM

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What is this discussion about? Automotive News


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#6183 of 16705
Re: Loan to the "Big Three" [andre1969] by gagrice
Dec 12, 2008 (6:44 am)
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Replying to: andre1969 (Dec 12, 2008 6:29 am)

Yes you can have an account in each of your names and then the amount is doubled to $500k. Something I am not worried about.
#6184 of 16705
Re: USATODAY Article [andre1969] by dieselone
Dec 12, 2008 (6:50 am)
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Replying to: andre1969 (Dec 12, 2008 6:24 am)

I wonder though, when you're pulling that kind of hours, how you'd find the time to spend it! For a brief time, I actually had three jobs, back in early 1996 when I got divorced, and was deep in debt.
 
Easy, all you need is a spouse and kids. I remember when I met my wife and her dad was an iron worker for LTV. He worked doubles 6 days a week for years and that didn't end until LTV went belly up. Particularly when he had 2 kids in college and one getting ready to go.
 
One of my grandpa's best friends actually worked fulltime for both US Steel and Republic Steel in NW Indiana for about 20 years. Sure he made plenty of money, but he went through several wives, ended up gambling it all away, what he didn't gamble away, he drank away, then died about 10 years into retirement from a heart attack. Go figure.
 
Still, I couldn't imagine working two 40 hour/week jobs for 20 years. I'd think that would be tough liven.
#6185 of 16705
Re: Loan to the "Big Three" [gagrice] by andre1969
Dec 12, 2008 (6:51 am)
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Replying to: gagrice (Dec 12, 2008 6:44 am)

I thought even if it was a joint account, the amount was doubled? So they have to be under separate names, then?
#6186 of 16705
Re: Loan to the "Big Three" [andre1969] by gagrice
Dec 12, 2008 (6:54 am)
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Replying to: andre1969 (Dec 12, 2008 6:51 am)

So they have to be under separate names, then?
 
I am not positive. It seems like that is what the manager at WaMU told us when we were concerned about their financial condition.
#6187 of 16705
Re: Loan to the "Big Three" [tlong] by 62vetteefp
Dec 12, 2008 (7:31 am)
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Replying to: tlong (Dec 11, 2008 7:47 pm)

Just for balance, there's also Milton Friedman, Harvard economist, and a lot of other economists who side with your "Republicans down south with competitors plants".

 
First I do not disagree that the government should not be bailing out corporations or individuals. BUT when I talked to Milton last week he said that this is a case where the government needs to do something to keep millions more of americans from losing their jobs and making it worse. Whoops, could not have been Milton, he died 2 years ago. Where did your hear that he said that all the suppliers would be fine if GM went under?
#6188 of 16705
Re: "I dread looking at Wall Street tomorrow" [steve_] by 62vetteefp
Dec 12, 2008 (7:34 am)
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Replying to: steve_ (Dec 11, 2008 8:03 pm)

"Several Republican senators seen leaving a meeting on a proposed settlement said the deal was off following hours of negotiations. The problem, they said, returned to the contentious issue of forcing the UAW to accept wages and benefits equal to those paid by foreign automakers in the United States."
 
So funny. Here GM is ready to go out of business and the UAW says it will not speed up its concessions and get parity with the other non union shops to save their own jobs.
 
For those who said the domestics should have not have caved in to the UAW demands when the big 3 were making money a little knock on the head.
#6189 of 16705
Ford's plant in Brazil by kipk
Dec 12, 2008 (7:35 am)
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http://info.detnews.com/video/index.cfm?id=1189
#6190 of 16705
Re: Loan to the "Big Three" [andre1969] by 62vetteefp
Dec 12, 2008 (7:36 am)
Reply

Replying to: andre1969 (Dec 12, 2008 6:29 am)

GMAC does offer 3.75% FDIC insured to $250k. I am doing it right now.
 
Paying 4.25% and getting 3.75%. Well worth it to have a bit of cushion if GM goes under.
#6191 of 16705
Re: UAW cost [meglassakt] by steve_ HOST
Dec 12, 2008 (7:51 am)
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Replying to: meglassakt (Dec 12, 2008 1:18 am)

it's unlawful to break a contract.....,
 
If that were true the jails would be overflowing. Contracts are broken every minute of the day. Lots of union contracts are supposedly illegal to break (especially public employee ones), but that doesn't seem to slow anyone down.
 
The spin:
 
"The UAW is deeply disappointed that Senate Republicans have blocked the bipartisan legislation that was agreed to by President Bush and congressional Democrats." Detroit Free Press
#6192 of 16705
Re: UAW cost [tlong] by chikoo
Dec 12, 2008 (7:51 am)
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Replying to: tlong (Dec 11, 2008 9:47 pm)

>That appears to be the mentality as the bailout bill failed tonight because the UAW didn't want to budge until after their precious contract runs out in 2011.
 
It is the game of chicken, very simply put.
 
Who will blink first? UAW or the Government?

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