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Automotive News & Views United Automobile Workers of America (UAW)
16737 messages, Last post on Dec 03, 2009 at 8:53 AM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: gagrice (Jan 02, 2009 7:58 am) In response to the spiraling inflation of the early 1970s, Richard Nixon became the first president to use price and wage controls during peacetime. The strategy did help to stabilize the economy but proved to be only a temporary fix. Unfortunately, Nixon's attempt to subdue inflation and reduce unemployment resulted in limited goods for consumers and increased business bankruptcies, while doing little to curb joblessness. By the time Nixon resigned in 1974, inflation had reached double digits and the American economy was mired in a deep recession. When inflation reached eighteen percent in 1980, Americans clamored for mandatory price and wage controls. President Jimmy Carter steadfastly refused, stating that peacetime controls during the 1970s had proven a dismal failure. http://www.answers.com/topic/price-and-wage-controls |
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The political season ended last November and we're still in the honeymoon period. Let's quit rehashing the 60's, 70's.... Y'all are making me feel my age.
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Replying to: gagrice (Jan 02, 2009 7:58 am) You fail to see that inflation is factored into that interest rate and that the purchasing power of that money decreases during inflationary periods. So if I buy a home for $100,000 and sell it for $200,000 in time. Then go to replace it and its selling for $200,000, I have gained nothing. |
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Replying to: steve_ (Jan 02, 2009 8:52 am)
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Replying to: dallasdude1 (Jan 02, 2009 9:00 am)  Meanwhile, the union needs to figure out their tax bill on the golf course. Is the UAW’s Black Lake in the red? (laborpains.org) |
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Replying to: steve_ (Jan 02, 2009 9:12 am) |
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Replying to: gagrice (Jan 02, 2009 1:01 pm) |
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Replying to: gagrice (Jan 02, 2009 1:01 pm) How can the UAW steal from their pension fund? GM holds and pays the UAW pensions. Looks to me like the township the course is in says it is worth more than what the UAW says its worth. And when it was taken to court the UAW value was taken. Today it is probably worth half what it was in '07 anyway.
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Replying to: 62vetteefp (Jan 02, 2009 6:25 pm) |
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Replying to: 62vetteefp (Jan 02, 2009 6:25 pm) When the UAW claims it as an asset in the Pension trust it has one value (Very High). When they get their tax bill they beat the value down to nothing for the township's tax base. The assessor is probably afraid to say much as they will send the guys with baseball bats around to see him. So how does this UAW resort for the fat cat leaders and UAW cronies benefit Michigan? The UAW members being sheep think the leaders have their best interest in mind. Very foolish thinking. |
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