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Automotive News & Views United Automobile Workers of America (UAW)
16711 messages, Last post on Dec 01, 2009 at 11:23 AM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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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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As with any large organization, your never going to get agreement as to whats a worthy cause. The NASCAR money is not dues collected, but rather a side agreement. The automaker is obligated to pay $1 for each employee that works overtime. Hence, they discourage overtime and or hiring the additional employee. Both the automaker and UAW get a little publicity too. The rank and file may want the overtime is more than likely the argument. Here you get into the cost of hiring the additional marginal employee as oppose to working the current employee overtime. It might even be a wash as a tired and or spent employee may if fact be less productive. Then again, the media, didn't provide the details as I have here in this very forum. Now and prior, I have addressed this very issue. They, the media, if anything are late. I went out of my way to express this very issue with the UAW years ago and they were above board and explained it in detail. This same media has painted a very ugly picture of the UAW and is bias to say the least. I am being kind in stating that. Fact is its pathetic that they don't expose their real loyalties and who owns them. The FOX NEWS bovine case speaks for itself and is an indictment on the media bias. http://www.cnsnews.com/public/content/article.aspx?RsrcID=41355
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