Bush is planning to toss the big 3 a pile of cash on the way out so that he will look like he did something. All it is doing, aside from throwing money away, is to keep the UAW and others from coming to Jesus and getting that industry on the right track before it comletely and totally too late.
Get ready for the quarterly bailout of the auto industry. Many more to come.
As stated before, this financial gig is a tough one to follow because there is cash where Congressional action is required and then there is cash which Presidents can just sling at industries based on their executive powers. Otherwise, I dont think Bush would have the votes to sling any cash at the auto industry.
Bush was hated by the libs and never had the brass to stand with the conservatives on fiscal matters. At least Obama is a big, big government guy and never pretended to be otherwise. What you see is what you get.....sigh.
Winter
------------------------------------ Spending Our Way to Prosperity
Bush is planning to toss the big 3 a pile of cash on the way out so that he will look like he did something. All it is doing, aside from throwing money away, is to keep the UAW and others from coming to Jesus and getting that industry on the right track before it comletely and totally too late.
Get ready for the quarterly bailout of the auto industry. Many more to come.
As stated before, this financial gig is a tough one to follow because there is cash where Congressional action is required and then there is cash which Presidents can just sling at industries based on their executive powers. Otherwise, I dont think Bush would have the votes to sling any cash at the auto industry.
Bush was hated by the libs and never had the brass to stand with the conservatives on fiscal matters. At least Obama is a big, big government guy and never pretended to be otherwise. What you see is what you get.....sigh.
Winter
Once Condi is gone, I would like to put something in the suggestion box for "mistress hillary" or "mistress pelosi".
I'm sure that you are working on this, and I realize that your last sig line will be a tough one to follow, but I'm certain that as the new admin unfolds, unravels, something poignant will come to you.
Once Condi is gone, I would like to put something in the suggestion box for "mistress hillary" or "mistress pelosi".
I don't see that happening at this time because whenever I read or think about Hillary or Pelosi it is followed by a period of sexual dysfunction. Not good.
I don't see that happening at this time because whenever I read or think about Hillary or Pelosi it is followed by a period of sexual dysfunction. Not good.
With your fertile imagination and acerbic wit, I'm certain that you will come up with something.
Pelosi doesn't necessarily have to be the one holding the whip. However, as you indicated, it could take a while.
Those of us who are suffering under the dumbing down of the ruling classes, need something, to cling to, if only humour.
If BUsh doesn't throw some mobney at this the Republican party can kiss goodbye forever to ohio, michigan and wisconsin.
Which of course will be the same thing that happens when and after he throws them a bone... So I guess the spoiled electorate of those beautiful states could be assimilated to whining children that refuse to eat their vegtables... until they get promised their desert.... which of course they will then promise to never do so again, until the next night.
Gag me with a spoon... The auto industry needs to take a douche.
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"A successful man is one who can lay a firm foundation with the bricks others have thrown at him." David Brinkley
If BUsh doesn't throw some mobney at this the Republican party can kiss goodbye forever to ohio, michigan and wisconsin.
Could be, except the American public, Democrats included, are against the bailout and the Republicans and Democrats need to be concerned about votes in the rest of the country as well.
Let's see. We have to throw money at Wall Street or you lose that crew. You have to bail California out or you will lose their votes. You have buy up all the under-water mortgages in the country or the other party gets those votes. You have to fund universal health care or else everyone will vote against you... You have to agree that massive, massive deficit spending is actually a stimulus package, you have to vote for the coming public works boondoggle or you are against labor.......you have to..........
All of those scenarios, taken piecemeal may be true. When the chickens come home to roost, hell will be to pay in the next election for those who voted for some of this crap as well. Ya think?
Could be, except the American public, Democrats included, are against the bailout and the Republicans and Democrats need to be concerned about votes in the rest of the country as well.
Let's see. We have to throw money at Wall Street or you lose that crew. You have to bail California out or you will lose their votes. You have buy up all the under-water mortgages in the country or the other party gets those votes. You have to fund universal health care or else everyone will vote against you... You have to agree that massive, massive deficit spending is actually a stimulus package, you have to vote for the coming public works boondoggle or you are against labor.......you have to..........
All of those scenarios, taken piecemeal may be true. When the chickens come home to roost, hell will be to pay in the next election for those who voted for some of this crap as well. Ya think?
How about a Provincial form of government for all but the military?
Here's the facts and don't forget the Import auto makers have only been in the US 5 years v. the 100+ years for the American automaker. In 20 years plus thier legacy costs will be higher !!!
Here are details of the average hourly labor cost of UAW workers employed at Ford and those employed by non-U.S. based automakers with plants in the United States. The figures are similar across the three Detroit automakers.
WAGES: Base hourly wages and cost of living adjustments
<LI itxtvisited="1">UAW: $29
Transplants: $26
WAGE RELATED: Paid vacation, overtime, holidays, night and weekend pay, break time
<LI itxtvisited="1">UAW: $14
Transplants: $9
BENEFITS: Healthcare, training, etc
<LI itxtvisited="1">UAW: $12
Transplants: $11
LEGACY COSTS (Without VEBA): Pension and healthcare benefits for retirees
<LI itxtvisited="1">UAW: $16
Transplants: $3
LEGACY COSTS (With VEBA): Pension and healthcare benefits for retirees
Source of data Ford Motor Company.
The VEBA Plan is a tax-free health reimbursement arrangement (HRA) that enables your employer to make tax-free contributions into a special trust account on your behalf. These tax-free funds can then be used to pay or reimburse eligible out-of-pocket health care costs and premiums for yourself, your spouse, and your qualified IRS dependents.
here's the facts and don't forget the Import auto makers have only been in the US 5 years v. the 100+ years for the American automaker. In 20 years plus thier legacy costs will be higher !!!
Here are details of the average hourly labor cost of UAW workers employed at Ford and those employed by non-U.S. based automakers with plants in the United States. The figures are similar across the three Detroit automakers.
WAGES: Base hourly wages and cost of living adjustments
<LI itxtvisited="1">UAW: $29
Transplants: $26
WAGE RELATED: Paid vacation, overtime, holidays, night and weekend pay, break time
<LI itxtvisited="1">UAW: $14
Transplants: $9
BENEFITS: Healthcare, training, etc
<LI itxtvisited="1">UAW: $12
Transplants: $11
LEGACY COSTS (Without VEBA): Pension and healthcare benefits for retirees
<LI itxtvisited="1">UAW: $16
Transplants: $3
LEGACY COSTS (With VEBA): Pension and healthcare benefits for retirees
Source of data Ford Motor Company.
The VEBA Plan is a tax-free health reimbursement arrangement (HRA) that enables your employer to make tax-free contributions into a special trust account on your behalf. These tax-free funds can then be used to pay or reimburse eligible out-of-pocket health care costs and premiums for yourself, your spouse, and your qualified IRS dependents.
When you see the data presented by someone other than Ford it comes out differently. However, let's say that it is accurate. Fine. Then tell the UAW to smarten the frig up. Some very good bailout options have been offered to the Big Three on the condition that the UAW establish wage and benefit parity with the non-big three makers. If there are only marginal differences, then what's the problem?
The problem is in the Management. Ford's the only one able to sustain through the crisis without a bridge loan. Why ? Because they diversified into fuel efficiency and compete in a global market. It is not the UAW's fault the assembly workers are constructing Denalis and Navigators it's managements terrible business plan. Not to mention our government allowing foriegn manufacturers to flood our market with government subsidised products from Japan and S. Korea. If those guys had to pay health care costs they wouldnt be able to compete with Americans, no one can.
The only concession I would have asked for of the UAW would be to take some of the pension in stock rather than cash, which they just did.
If those guys had to pay health care costs they wouldnt be able to compete with Americans, no one can.
That's all UAW propaganda intended to make everyone think that anything less than what they have now is a sweatshop. In reality all of the non-union shops make excellent wages and have excellent benefits including health care. They may have to kick in a couple hundred a month if their health insurance covers the family which is pure heresy to UAW workers who think everything in life should flow from the union tit.
Bush screwing up auto deal
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