Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
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
|
|
|---|---|
|
Bloomberg: The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral. Bloomberg filed suit Nov. 7 under the U.S. Freedom of Information Act requesting details about the terms of 11 Fed lending programs, most created during the deepest financial crisis since the Great Depression. The Fed responded Dec. 8, saying it’s allowed to withhold internal memos as well as information about trade secrets and commercial information. The institution confirmed that a records search found 231 pages of documents pertaining to some of the requests. “If they told us what they held, we would know the potential losses that the government may take and that’s what they don’t want us to know,” said Carlos Mendez, a senior managing director at New York-based ICP Capital LLC, which oversees $22 billion in assets. |
|
|
|
|
Bill Kristol surprisingly backed up the UAW and the Democratic Party's plan of trying to offer a bridge loan to the Big 3 and not try to be "union busters." It's not out of any love for unions, but all about politics. As we saw with the AutoGate Memo, the Republican leadership decided to kill the rescue plan/bridge loan to the Big 3 purely for political reasons. Those reasons are to destroy the UAW and try to make them the scapegoats. Kristol -- who as you know is not on my team -- believes that the Southern Strategy of attacking workers is a huge political mistake. Kristol: I don't think it's very smart for a bunch of Southern Republicans to decide that the future of the Republican party is to beat up working class union members in states like Michigan, Indiana and Ohio. The UAW is in a lot of trouble, they've shrunk by 2/3's in the last years... An average automobile, 10% of the cost comes from wages and they were going to cut wages by ten or twenty percent, so it's one or two percent of the cost of the automobile. To have a huge fight for that. I think it was a mistake for the Republicans, He's thinking of this in political terms for Republicans, and actually gets honest when he says that it's not the union workers or their wages at fault here. I was not in favor of a Car Czar because I don't trust Bush to make the choice based on the interests of the working class, but at least they see the problem this could cause our entire economy if the Republicans in Congress bankrupt the auto industry. On the other hand, if Republicans want to immolate themselves into even further irrelevancy, I'm inclined to let them. The trick is to keep them from taking the whole country down along with them. |
|
|
if the Republicans in Congress bankrupt the auto industry Nah, the UAW is doing too good a job at (contributing to) doing this. |
|
|
|
|
Replying to: gagrice (Dec 22, 2008 9:42 am) Croker and Shellby talk a big scam, it is that: a big scam. As the news comes out that the feds pay a subsidy of $5000 per employee there in the land of cotton, to Mercedes, Toyota, Nissan, Honda and etc...then the $45.00 per hour (plus health benefits, plus land subsidies,plus additional tax concessions) don't look so cheap. There's more to the Croker/Shellby scam and it will be revealled soon. Just wait for the AFL/CIO and The Teamsters to get involved. It's gonna be a mobfest on Croker and Shellby. Even smilin' Jack can see this coming. Good bye GOP! Thank your southern carpet shaggin stars! Your greed got ya caught! The Republicans that have been the most vocal against helping the auto sector have been southern and from the states with large foreign auto manufacturers. I guess it is natural that they would try and protect these large foreign employers in their states, so we cannot fault them. However, what amazes me is that these guys have any power. I guess with the Republicans now being so depleted they represent the only Republicans left. The reality is that these Republicans from Alabama, Kentucky and South Carolina represent such a small portion of both the U.S. population and the economy that it is amazing that these guys can basically dictate what this country can and cannot do. We need to find a way to neutralize these guys for the benefit of the country, although if we let them continuing to act the way they do it will be to the detriment of their own party, as they can kiss the states of Michigan, Ohio and Indiana good-bye, just like they did with Nevada, New Mexico and Colorado, and likely Arizona, with the immigration debate. Selling controlling interest in GMAC may have been real dumb now that no one wants to carry a lease on GM vehicles. Anyone holding finincials when the musical chairs ended have taken a beating. From $53 to a little over $3 a share in five years. Make a mental note not to ask Gary for stock tips. Why is Gramm's wife so important and Dingell's wife with her high paid do nothing job at GM never mentioned? Why is it never referenced that John Dingell's wife is an heiress to General Motors and Texaco? She ain't exactly doing it for the money. Ya think they, the Dingell's, care about their state? http://www.washingtontimes.com/news/2008/jun/25/debbie-dingell-john-wife/ http://query.nytimes.com/gst/fullpage.html?res=9901EFD81031F931A15750C0A96F95826- 0&n=Top/Reference/Times%20Topics/People/D/Dingell,%20John%20D.
|
|
|
Replying to: gagrice (Dec 21, 2008 8:53 pm) You amaze me gagrice. You would rather call a middle class where your average slob make $12-15 an hour like the Bush administration and the pseudo-right. How many people are going to buy things like new cars on $15 an/hr ??? Their disposable income isn't in line with the cost of living. I might be a minority here on edmunds but their are many who think and believe the way I do including people in your party and many of whom are non-union. You would rather sacrifice our economic power and national security so some ignorant slob can buy a that chinese made TV stand for $19.99 which is made out of cardboard with black lead paint from Walley World, and make your executive neighbor rich. I am at work taking a break otherwise I would be more than glad to get you some data. I know that is one reason why Regan, implemented a tariff on Japanese, motorcycles because Japan, implemented a "barrier" on engine specs which just so happened restricted Harley Davidson, from their market. I know back in the 1980's Japan, had tariffs on imported cars.You also can't get the "currency manipulation" issue through your head and hammer the UAW, GM, and just ignore the fact that for every Honyota, sold here in the U.S. which 50% are imported well it's an extra $4-13K in profits for the Japanese, automobile manufactuers. I'm not going to hammer Indiana, because their are some smart folks in the cities. You noticed they built those plants in the rural "farm" sectors of Indiana, but I won't get into why they did that. Let's just say it wasn't because they got such a great tax deal!!! Believe what you want gagrice, but remember that some of the data you get from so-called independent sources might have a vested interest to distort the facts. I know you like to trash the UAW, and think they are evil but they often site articles from independent sources. The teamsters aren't free of guilt if I thought the way you do. I however am of the thinking of instead of keeping the working man down which we have gradually done for the last 20 or 30 years why can't we think more/like other society's and include the working man or women??? I guess that isn't a option in capitalism??? -Rocky |
|
|
|
|
Replying to: lokki (Dec 22, 2008 10:58 am) With bonuses, the Toyota workers made more than the GM workers, averaging almost $30.00 an hour versus $27.00? These guys can probably convince most of the country that union workers are overpaid. Unfortunately alot of people who are not in a union (and they are shrinking) can be made to believe that the REASON they are making cars no one is buying is BECAUSE of these union workers. However, for the God Bless America party, it's so fitting these frauds are made to go public with their attempts to strangle the one thing we still produce in this country, automobiles. Explain that to your flag waving, Bible reading, right wing Southern base. Toyota forecast an operating loss of $1.66 billion for the fiscal year ending March 2009. Toyota has never reported an operating loss since it began disclosing such figures in 1941. But it did have an operating loss in unofficial, internal calculations for the year ending March 1938, a year after the company was founded. Operating income reflects a company's core business performance and does not include income taxes and certain other expenses. Last fiscal year, Toyota had an operating profit of 2.27 trillion yen. Japan's top automaker also lowered its net profit forecast to just 50 billion yen for the year through March 2009 — a tiny fraction of the 1.7 trillion yen it earned last year. an hour ago http://www.freep.com/article/20081222/BUSINESS01/81222005/1002 http://www.marketwatch.com/news/story/Toyota-expected-cut-earnings-outlook/story- .aspx?guid=%7B8D3DF307-AE54-4391-8239-14298C656486%7D#comments |
|
|
Replying to: 62vetteefp (Dec 22, 2008 1:38 pm) Nice Spin job. Maybe CNN will hire you. 
|
|
You are here:
Forums
Automotive News & Views United Automobile Workers of America (UAW)
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
Browse by Board
Browse by Topic
Today's Chats
