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United Automobile Workers of America (UAW)

16701 messages,  Last post on Nov 20, 2009 at 3:39 AM

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What is this discussion about? Automotive News


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#6185 of 16701
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 16701
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 16701
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 16701
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 16701
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 16701
Re: Loan to the "Big Three" [andre1969] by 62vetteefp
Dec 12, 2008 (7:36 am)
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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 16701
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 16701
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?
#6193 of 16701
Re: Loan to the "Big Three" [62vetteefp] by dieselone
Dec 12, 2008 (7:58 am)
Reply

Replying to: 62vetteefp (Dec 12, 2008 7:36 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.

 
Depending on your tax situation, you may break even after the mortgage interest deduction. Certainly a good move in my opinion. Good luck.
#6194 of 16701
Re: USATODAY Article [andre1969] by chikoo
Dec 12, 2008 (7:58 am)
Reply

Replying to: andre1969 (Dec 12, 2008 6:24 am)

>Back in March 2005, there was one week where I had to work 90 hours. It was pretty brutal.
 
At the risk of hijacking the discussion, 90 hrs is pretty regular for Doctors doing their residency.....it is brutal. They live in the hospital, literally.

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