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Automotive News & Views United Automobile Workers of America (UAW)
16705 messages, Last post on Nov 25, 2009 at 6:56 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: jimbres (Dec 30, 2008 8:00 pm) Not at all. In the perfect world, we have to make this assumption, capital should move to its most efficient use. The more competition, the better for the consumer. Then that being said. Labor being a subset of capital, it should be allowed to move to its most efficient use, just to be consistent. Therefore, this whole immigration hoax is nothing but a silly ploy to avoid the issue. If one looks at the Carolina's and their furniture jobs being moved overseas. Hundreds of thousands of jobs moving to their more efficient use. Then some media hype about Benz/Michelin bring in a few thousand jobs as some kind of parity in kind. Do the math. Why would they have an issue with illegals taking their jobs? Why are they going to scapegoat these illegal, if any, for the loss of jobs? I light of the fact that they have less than a 2% Hispanic population, they are but not coming to grips with the issue and orchestrating a clever public relations ploy. So there is this perfect world. Yokels and bumpkins being conned. Just come right out with it and tell them the truth. Its those people in China taking your jobs and not illegal aliens. Don't you expect personal accountability from your elected representative? Is that elected representative more obligated to corporate lobby's or the voter? One could certainly deduct that the elected representative and special interest share special relationship. Newton's third law of motion has just happened and come 01-20-09 your jaw is going to drop. The forward thinking Obama, will have to clean up this mess. Corporations and people are going to have to come to grips with the facts. Some of those so called assets on the balance sheet are nothing but liabilities. Call them derivatives or whatever, they are but fecal matter. They need to be wrote off and or paid. Past practice is that they have only down graded enough to for tax purposes. When your paying debt, your not going to fuel an economy. Govt will have to go into more debt to assure that GDP stays the stable. Fact is that faux accounting practices and or legal but deceptive metrics are used in many corporations to please the number folks on Wall Street. Can we agree to look at the entire balance sheet/financial statement and be honest for starters? Then we should fess up to the fact that govt is buying the liabilities labeled as assets to keep the house of cards from falling in. In that perfect world these are the abuses of the past and a complete meltdown of the capitalist system. Taxpayers (the very same UAW auto workers included) are being forced to buy liabilities labeled as assets. Wealth didn't just disappear, it was never there. They were putting liabilities down as assets all along. Now rich uncle Sam (the taxpayer) which includes UAW members is picking up the tab. Now you don't mind if uncle Sam has a meal and drink, since he is treating? They want catering for Wall St and a pot luck for the UAW. Now is that fair? Just who did start this slipper slope of bailing out folks?
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Replying to: kipk (Dec 31, 2008 6:46 am) My friend, are you listening to the corporate mainstream media again? I agree that this was a direct result of the need to fill a void left by the dot com bust. But, lets look at Bush in 2002. Granted he was well meaning. I'm here to celebrate National Homeownership Month, because I believe owning a home is an essential part of economic security. But I believe owning something is a part of the American Dream, as well. I believe when somebody owns their own home, they're realizing the American Dream. We are here in Washington, D.C. to address problems. So I've set this goal for the country. We want 5.5 million more homeowners by 2010 -- million more minority homeowners by 2010. (Applause.) Five-and-a-half million families by 2010 will own a home. That is our goal. It is a realistic goal. But it's going to mean we're going to have to work hard to achieve the goal, all of us. And by all of us, I mean not only the federal government, but the private sector, as well. And so what are the barriers that we can deal with here in Washington? Well, probably the single barrier to first-time homeownership is high down payments. People take a look at the down payment, they say that's too high, I'm not buying. They may have the desire to buy, but they don't have the wherewithal to handle the down payment. We can deal with that. And so I've asked Congress to fully fund an American Dream down payment fund which will help a low-income family to qualify to buy, to buy. The second barrier to ownership is the lack of affordable housing. There are neighborhoods in America where you just can't find a house that's affordable to purchase, and we need to deal with that problem. The best way to do so, I think, is to set up a single family affordable housing tax credit to the tune of $2.4 billion over the next five years to encourage affordable single family housing in inner-city America. The third problem is the fact that the rules are too complex. People get discouraged by the fine print on the contracts. They take a look and say, well, I'm not so sure I want to sign this. There's too many words. (Laughter.) There's too many pitfalls. So one of the things that the Secretary is going to do is he's going to simplify the closing documents and all the documents that have to deal with homeownership. http://www.hud.gov/news/speeches/presremarks.cfm
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We've hashed and rehashed housing in here before and no one has changed their minds yet. Back to the golfing, you can add NASCAR, airlines and radio stations to the litany: The UAW’s Money-Squandering Corruptocracy (National Review) The interesting factoid is that the UAW retains assets worth $1.2 billion. That's a big "strike fund."
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Replying to: jimbres (Dec 30, 2008 8:19 pm) You speak as if the Asian automakers were not expanding the gas guzzler manufacturing base. Tundra's and Titan's being tooled and plants built. http://www.toyota.com/about/our_business/operations/manufacturing/manu_location/- tmmtx.html http://www.gulfcoastnews.com/News%20Stories/NissanOpens.htm |
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Replying to: steve_ (Dec 30, 2008 10:41 am) |
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Replying to: steve_ (Dec 31, 2008 7:35 am) Buckley said in 2005 that the magazine had lost about $25 million over 50 years. NASCAR its publicity, more or less like these large corporations naming stadiums/arenas. Besides, the one dollar per overtime worked is a good thing. It discourages the automakers from robbing the workforce of the "Family Time" a part of "Family Values". both of whom make six-figure salaries thats vague, is it $100,000 or $999,999.99
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Replying to: dallasdude1 (Dec 31, 2008 7:01 am) No, it's not. There's no such thing as a fair bailout, no matter who benefits from it. (I know that I won't get an argument from you on this.) It's too bad that our political leadership isn't smart enough & brave enough to tell us that bailouts won't fix what's wrong with us - that we'll be far better off down the road if we endure a couple of painful years now. I think that this happens to be what most Americans believe, but our politicos don't have the guts to come out & say this. They'd rather use our money - what's left of it - to create a fleeting illusion of well-being. |
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Replying to: dallasdude1 (Dec 30, 2008 7:50 pm) That does not require a degree in economics to figure out. Look who is running the banking committee in Congress. Barney Frank and his boyfriend that was in Fannie Mae along with Chris Dodd and Obama that were close to Frank Raines that bilked FM & FM out of a $100 million while lying about the profit that was NOT there. Bush and McCain were shot down by Congress when they tried regulating Fannie Mae. Not that it is really related to an Auto industry that has been mismanaged for decades. The Credit Crunch should have come about 30 years ago. Giving credit to anyone that looked like they were breathing IS the problem. The auto industry sold too many vehicles to people that had no business buying them. Now the market needs to correct itself. If the UAW goes away they have NO ONE to blame but their own greed. |
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Replying to: dallasdude1 (Dec 31, 2008 8:12 am) |
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