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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: bpeebles (Dec 31, 2008 9:05 pm) |
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Replying to: dallasdude1 (Dec 31, 2008 11:25 pm) Quality problems have been creeping up at Toyota... Who learned what from whom? The golf course is gaining traction - Carpocalypse Now (Jalopnik). Note the snide comment - "they teach leadership courses there." The Wall Street Journal, meanwhile, is trying to blame the UAW for all of Detroit's woes, including CAFE, shareholders getting wiped out, debt holders getting a haircut, Daimler's dumping of Chrysler and if you look close enough, the War of 1812 is probably buried in there somewhere too. link. |
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Replying to: dallasdude1 (Jan 01, 2009 7:48 am) GM is BROKE. They believed when they made the deal with the UAW long years ago that the gravy train selling big profit vehicles would continue to rise Forever. GM screwed up and those that believed in them are screwed. If PBGC were to take over the GM pension fund in the case of bankruptcy the current pensioners would probably get 100% of their pension. I don't think they cover any health care under PBGC. That will be on the pensioner's shoulders. If they are not 65 they may need to go back to some job that pays health care or just bite the bullet and buy a plan until they are 65. Those that are vested with 5 years or more may or may not get the full amount of retirement they are expecting. If PBGC is showing a deficit of $14 billion they need to cut pensions to bring the fund back into the black. There is no earthly reason the tax payers should be burdened with private pensions that fail. The laws are in place to protect those pension funds. If PBGC is doing what they are paid to do they should be floating along ok. It sounds like it is the same kind of Ponzi scheme we have been sold with Social Security and Medicare. And people want to give the government more to over see. What a joke this country has become. The UAW better do whatever it takes to keep GM afloat. Get rid of the two tier wage and put everyone under $20 per hour would be a start. A fork lift driver or a lug nut assembler is not worth $20 an hour in Michigan today. I can hire skilled journeymen carpenters, plumbers, block layer, concrete finishers and electricians in CA for $20-$30 per hour contract. They pay all their own medical, SS and retirement for that price. They supply truck and tools. And are happy to get the work. UAW workers need to come into the 21st century. They are living in the past. And the past is about to disappear. Welcome to 2009......
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Replying to: kipk (Jan 01, 2009 5:35 am) After the dot com bubble the FED started lowering the interest rates to fuel the economy. This is the beginning of the sub prime mess. Prior they were making loans to dot com companies who weren't even making a profit. Everyone in Washington went along. If Bush had any vision he would have not tampered with interest rates or gotten the FED to leave things alone. He failed to see the big picture, which is only a small piece of the big puzzle. Then the manner in which they packaged the loans and sold them as assets is an entirely different situation. They should have labeled them correctly as junk loans and not some fancy coined marketing label to hide their true nature. We can only agree and have evidence that the govt acted to fix the problem after the fact. There was ample opportunity to act prior and avoid the whole situation all together. The landslide loss of congressional seats by the dems in the mid 90 had a lot to do with the 1994 Gun Control (10 year ban) passed by congress just prior to the election. Everyone that belonged to the NRA, or any other gun friendly group, received mail naming names of the Congress and Senate members that had voted for the Ban. There were enough pissed off gun owners that swung the outcome vote to the republicans. I saw the NRA as a subset of many. Many UAW rank and file members are NRA members too. You had pro life folks and others too. Many UAW members are pro life too. They played every group they could. The Bob Jones University incident is a classic example of how politics is done. McCain, would have been the GOP winner if not for the Carl Rove political smear tactic. Well the GOP had their chance and its rather obvious that Americans want a change and or look for Obama to save them. I think that those NRA/pro life/other special interest groups voted their pocketbooks in 06 and 08. Strong powerful like minded groups/special interests/lobby's/unions/AARP ban together at times to put forth their agenda. However, their first priorities are the economy when all is said and done. |
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Replying to: kipk (Jan 01, 2009 6:10 am) for the establishment of the DEPARTMENT OF ENERGY during the Carter Administration? Was it the embargo? When was the strategic reserve started? I do see your point. Then you have to see the mass deregualtion of the private sector as failure. The best we can say is big business = big govt = big labor and hence they keep each other in check. Wonder what percentage of GNP is govt and its different dept? Is defense 3%? Is EPA 1%?
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Replying to: dallasdude1 (Jan 01, 2009 8:48 am) It's hard to relate that stuff to the UAW though.
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Replying to: steve_ (Jan 01, 2009 9:00 am) Not for me. It is the Unions and UAW that put yokels like Carter in the White House. I was in Alaska and do not remember any gas shortage. Though the Unions up there were also misguided in their voting preferences. |
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Replying to: gagrice (Jan 01, 2009 6:26 am) For those who believe that the Bush administration is not responsible for this economic crisis, PLEASE stop listening to talk radio and take a class in Micro and Macro Economics. It is so sad that our country has at least 40 - 50% of the population who are repeating Rush Limbaugh and Michael Savage’s opinions as though they were factual. Even sadder is the fact that those who believe this propaganda have no savings, no wealth, no 401K, so they have not felt the pain of losing their life savings. The GOP has been on the defensive over this and unable to accept it. For the sake of argument, we could say that Clinton didn't run a surplus. Then we can go on to the facts of this so called GOP and their downsizing govt and spending. Then look at history and we have to admit its a fools errand. So then we can point our finger at congress and their pork spending. Look at the percentage of GNP pork is and there is nothing there. The GOP has acted like a drunken sailor on shore leave is what history bears out. This let the free markets decide deregulation, borne of the Reagan era is what we have just seen before our eyes. $700 BILLION and counting. Could they be wrong about anything else? Could they perhaps be wrong about the UAW? I believe in personal responsibility and someone needs to fess up. |
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Replying to: dallasdude1 (Jan 01, 2009 9:39 am) |
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Replying to: dallasdude1 (Jan 01, 2009 7:48 am) Whose fault is that? My question would be if that would effect the profitable GM overseas? Would they be burdened by the legacy? Would they be allowed to sell, lets say each plant as a stand alone and or each division, parts without the legacy tied to those parts? I don't know enough about BK on how this could work. Can GM spin off some profitable entities that are overseas? It seems like it is the US portion only that is really sick. If they had a structure like: GM corporate HQ GM N America GM China GM Europe GM Australia Then perhaps they could just BK the NA division and retain corporate HQ and the rest of the company?
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