...... POW! Right in the kisser. With this whole exposure of the Madoff scheme the stock market has taken another hit. In a time when it is already on its knees. They expect there to be losses around 50 Billion. When reading about bailouts and fraud in such large amounts its hard to even fathom the amount a Billion is much less 50 Billion. And this one guy just managed to fuck over all the social elite and rich and powerful. Well i guess the people on the bottom can stop whining how everything bad always happens to them.
The auto industry. Seriously this shit is getting old. Give them money or don't. These Unions from what i have been reading are in part responsible for the issues the auto companies have. By forcing the companies to pay increase wages and with more benefits instead of allowing the market to allow them to equal out with foreign companies that have factories here you created a business structure that loses more money than it makes. And when asked to make concessions in wages to make them competitive with foreign companies that produce here the Union dig their heels in and claim that the government is trying to step on workers rights. its bullshit let things be fair in the most possible way. let the market sort it out.
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4 comments:
You have not been doing your homework. It is not the unions fault and the numbers on what they earn all over the media are flawed.
It is because of unions I am able to make the wage I do now.
The repugs for decades have continually attempted to rid this country of them.
Colorado in November voted down a anti-union measure spearheaded by the most powerful and rich repugs in the state.
From the homework i have done. I have reached some different conclusions I will show a few excerpts and link as well.
"But Dan Griswold, director of the Center for Trade Policy Studies at the free market Cato Institute, told CNSNews.com on Friday that the UAW is, in part, to blame.
“UAW contracts have played a big role in pulling automakers into the crisis they now face,” said Griswold. “Those contracts are the single biggest difference between domestic and foreign-owned competitors operating on U.S. soil.”
Griswold also said that it was the UAW’s “adversarial attitude” in the bailout negotiations that caused the talks to collapse."
and
"“As far as the failure of last night, it solely lies on UAW,” Coburn told CNSNews.com. “All we asked was, ‘Just give us a date at which you will have competitive wage rates. We will put it in and that’s what you will have to meet.’ They would not move. They would not renegotiate their contract with GM as far as wage rates.”"
http://www.cnsnews.com/public/content/article.aspx?RsrcID=40775
Sorry, but I agree with One Fly on this. Rethugs and free marketers in general hate unions.
Edward,
I just have a quick question for you but couldn't find an email so had to resort to this. I am a progressive blogger. Please email my assistant back at barbaraobrien@maacenter.org when you get a chance. Thanks.
Bill
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