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Automotive News & Views United Automobile Workers of America (UAW)
16701 messages, Last post on Nov 20, 2009 at 3:39 AM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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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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Replying to: dallasdude1 (Jan 01, 2009 8:48 am) FAIL. |
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Replying to: tlong (Jan 01, 2009 9:58 am) That would be the smart thing to do. Then GM has not done anything that seemed all that wise over the last 30 years. GM can build any car in Mexico or So America that they can build here only cheaper. I just don't think they can break out of the repressive UAW contracts and legacy without filing for C11.
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Replying to: gagrice (Jan 01, 2009 10:06 am) Since they began operating U.S. auto factories in the early 1980s, the nonunion Asian and European transplants have kept their wages within a few dollars of those paid by the Detroit 3 to UAW work forces. At the 19-year-old Toyota plant in Georgetown, Ky., workers earn about $25 an hour, plus bonuses, compared with about $27 an hour for UAW workers at the Detroit 3. Last year, Georgetown hourly workers took home $6,300 in bonuses, reflecting the plant's high productivity and Toyota's global profit bonanza. http://forums.motortrend.com/70/6285673/the-general-forum/toyota-backs-off-wage-- parity-at-new-plants/index.html But Toyota's newly opened Tundra plant in San Antonio started its unskilled hourly workers at about $15.50 last year. After three years, the rates will increase to about $21 an hour. Nissan pays workers just under $22 an hour at its Canton, Miss., plant, which opened in 2003. Hyundai's pay rate for production workers in Alabama is close to that. In March, Hyundai said it will expand an on-site engine plant there and hire workers at $13.50 an hour. |
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