Interesting Reading: How the U.S. Bankrupted the Big 3

A man by the name of Curt Brockhaus sent me an email about a book that he has written. It’s a web book and it has a good deal of video and pictures about the history of the automotive industry in it. It makes for very interesting reading, especially for history buffs like me.

Please, click here to check out How the U.S. Bankrupted the Big 3.

Anti-Union blowhard Senator Bob Corker “I am Anti-UAW”

This blowhard son-of-a-bitch makes my skin want to crawl. :mad:

The Video:

The Story via the Corner:

The United Automobile Workers’ failure to form a union at a Chattanooga, Tenn., Volkswagen plant after two years of organizing efforts was a result welcomed by Senator Bob Corker. Corker, who vocally opposed unionization throughout the process, has been the target of criticism by pro-union activists for weighing in on the situation. On Wednesday, he continued his outspokenness on the matter.

“I’m not anti-union — I’m anti-UAW because of all the destruction they’ve done to jobs in our country and what they’re about,” Corker, who previously served as mayor of Chattanooga, told Fox News. “This was all about money.”

Last week, workers at the Volkswagen plant rejected joining the union. Had it been successful, it would have been the first foreign-owned plant to have been organized by the UAW.

As the son of a General Motors worker and UAW Member; I happen to think that the citizens of the great State of Tennessee need to become Anti-Corker. Because anyone that thinks that the UAW was the sole cause of Detroit’s decline, or is solely responsible for the decline in American manufacturing, is obviously too stupid to drive a car, much less be a Senator in Congress.

The “Ford is adding jobs” story is a fraud

This story here is nothing more than a big, fat, fraud:

Dearborn — Ford Motor Co. plans to add 5,000 U.S. jobs in 2014 as it prepares to launch 16 new vehicles in North America, the most in any one year of the automaker’s 111-year history.

About 3,300 will be salaried positions in the Southeast Michigan area. The remaining 1,700 will be hourly hires spread out throughout the country. Seven North American plants will add capacity or get a new product next year.

Ford will introduce next-generations of its F-150 pickup truck and Mustang car and add a compact Lincoln MKC to its lineup in 2014, along with a new Transit van.

Ford had five North American vehicle launches in 2013.

via Ford to add 5,000 jobs in 2014 | The Detroit News.

Okay, here is why this story is nothing more than a big, fat, fraud. One reason is because before they allow any new hires in, the union will tell Ford; “You have to bring back any laid off people, before you hire from the outside.” Second of all, if you do not have a high school diploma, or at least a 2 year degree; you will not get hired at all. Actually, Ford likes to see at least 2 years of manufacturing experience before they will even remotely look at your application.

So, the idea that Ford is just going to hire people off the street is a nothing more than a big, fat, propaganda lie. How do I know this? My Father is a retired G.M. worker and they have been doing the same thing for years.

Nice try though.

UPDATE: I just wanted to say thanks to the person on Facebook, who sent me the ton of traffic. I really don’t know who you are and I can’t really find out because my logs don’t say what page on Facebook that the links are coming from.

However, just the same thank you very much. Traffic around here has been kinda light, because for one thing its the off season there’s no election and too, I think people are just tired of reading about politics.

Again, whoever you are I think you very much and I hope you send people links to my site more often on your page.

Liberal Brookings Institution: Cash for clunkers one big massive FAIL!

Heh…. I love it when bloggers like myself are vindicated! :D (H/T JBS)

The Story:

The left-leaning Brookings Institution admitted in an October 31 report that the Obama administration’s Car Allowance Rebate System, or “Cash for Clunkers” program, was an almost complete waste of billions of taxpayer dollars. The report, entitled “The Car Allowance Rebate System: Evaluation and Lessons for the Future,” concluded that the 2009 subsidy for new car buyers had no measurable long-term impact on economic growth and cost $1.4 million for every “job-year” that was created under the program.

When even the schoolmarm of American liberal think tanks admits government “stimulus” spending programs are a failure, that’s a singular event. The Brookings study flatly contradicted the Obama White House claims immediately after the program began. The administration had argued that it had economic benefits to the auto industry over nearly three years.

“The program led to a minimal increase in employment of roughly 2,050 additional job-years from June 2009 through May 2010,” study authors Ted Gayer and Emily Parker concluded of the Car Allowance Rebate System (CARS) pushed by President Obama and Detroit automobile company executives, commonly called Cash for Clunkers. Gayer and Parker noted that “The CARS program created 0.7 jobs for each million dollars of program cost, resulting in a cost of $1.4 million per job created.” Note that Brookings concluded the program spent $1.4 million for each “job-year,” not per job. For every year someone worked in the auto industry because of the program, the federal government shelled out $1.4 million taxpayer dollars in subsidies. In essence, the American taxpayers would have been better off if the U.S. government had simply issued $1 million checks randomly to 2,050 unemployed persons.

via Liberal Brookings Institution Admits: Cash for Clunkers a Failure.

 

A Thinking Americanist EXCLUSIVE: UAW gearing for a major battle with Detroit’s big 3 automakers

UAW is gearing up for a major battle!

This is an exclusive scoop right here on Thinking Americanist.  You will not read this anywhere else, and I am giving this scoop, because I believe people have a right to know.

I was at the union hall today with my Father, today was the retirees meeting and I received some information from someone who is very much in the know of what is going on internally with the UAW and it’s goings on.

Basically, what my source told me is this: The UAW is gearing up for a major protracted battle with the big three when it comes to contracts and benefits for the active and retirees with GM and the other two major automakers. Basically, it boils down to this here; as we all know the big three went through some financial hardships a few years ago. Well, now the hardships are over and the big three are now selling vehicles again and doing rather well for themselves.

What is happening is this here; every time the UAW approaches the big three and asks them about restoring the previous benefits, they are giving the attitude of, “You guys ought to be glad we are still in business and did not just file for bankruptcy and cut you all out of the loop.” Well, needless to say, that is not going to work for the UAW and its members.

So, as you can very well imagine the UAW is gearing up for a majorly huge battle for better contracts and the restoring of the former benefits and they are also going to push for all these new workers to get wages on par with the workers who have been there for years. The stuff I heard was that the UAW is prepared to walk out and strike to get what they want and they are not afraid to make it a long-term thing either.

I will refrain from my normal commentary on stuff like this; because quite simply; I just want to give you all the facts of what I heard.

However, I do have an open message to the UAW: I hope you all know that what it is that you are doing; and please, whatever you do, do not do what the union that represented Hostess employees did. That was nothing more than unmitigated foolishness.  My Father worked for General Motors for 31 years, and for him to lose his pension over something, like a union’s obstante stupidity is inexcusable. Please, choose wisely.

 

Good News: Detroit automobile sales are up!

As a son of retired General Motors worker, this always strikes me as very good news:

DETROIT- General Motors Co. announced today that it sold 224,314 vehicles in the United States in February, up 7 percent compared with a year ago.

Retail sales and fleet sales were both up 7 percent. The fleet mix was 25 percent of total sales, equal to a year ago, officials said.

“The housing sector has now joined auto sales in propelling the U.S. economy forward,” said Kurt McNeil, vice president of U.S. sales operations. “More importantly, the recovery in new home construction is reinforcing the underlying improvement in auto buying conditions, especially for pickups.

All four GM brands posted higher year-over-year sales: Cadillac was up 20 percent; Buick was up 15 percent; GMC was up 10 percent, and Chevrolet was up 5 percent.

via GM: Cadillac, Buick lead to 7% February sales increase | MLive.com.

This is great news. I just hope the Detroit can keep up the sales and help spur the economy back to what it was, or at least as close as we can get it.

 

The Price of Fascism

Please note: When I write this here, I am not doing it to bad mouth anyone at all. Least of all the UAW or the General Motors or Chrysler workers. It simply is not their fault that the companies that they work for were horribly mismanaged for many years and are now not doing so hot.

As much as I like the fact that my Father did not lose his retirement from General Motors and gets his medical benefits via the UAW’s program that they set up for him. I must acknowledge the truth and the truth is that General Motors and Chrysler were bailed out by the United States Government. One of the tenets of fascism is, in fact, the mingling of private industry and Government.

When the mingling of private industry and Government take place a price is paid. First of all, a company loses its freedom to conduct business as it sees fit. Second of all, the people of said Country usually pay a price in their wallets. Such as the case with General Motors, which happens to be because General Motors was and still is a poorly managed company.

The story via The Detroit News, which is a Conservative/Libertarian slanted newspaper:

Washington — The U.S. Treasury has begun selling the remainder of its 19 percent stake in General Motors Co.

On Jan. 18, the Treasury filed a written trading plan to sell its remaining 300 million shares of stock in the Detroit automaker. It plans to exit completely by March 2014 and said it could immediately begin selling small numbers of shares on the open market.

In a report to Congress, the Treasury said it had net proceeds of $156.4 million in January for the sale of GM stock during eight full trading days.

GM’s stock price ranged between $27.61 and $29.16 during the period, meaning Treasury sold at least 5.4 million shares, depending on the prices it received.

On a quarterly basis, the Treasury plans to disclose how many share of GM stock it has sold and will report monthly its proceeds from the sale.

In December, the Treasury sold 200 million shares of its GM stock to the Detroit automaker for $5.5 billion, or $27.50 a share.

But, of course, there is a cost:

The government needs to get $72 per share for its remaining shares to break even on its $49.5 billion GM bailout. It initially held a 61 percent stake before selling about half of its shares in GM’s November 2010 IPO at $33 a share.

At current prices, the Treasury would lose more than $12 billion on its GM bailout.

Last week, the Treasury Department said its estimate of losses on the $85 billion auto bailout fell by 16 percent, or $4 billion, in large part because of a rebound in General Motors Co.’s stock price.

The Obama administration said in a report to Congress that its projected auto losses fell to $20.3 billion, from its prior quarterly estimate of $24.3 billion.

The Treasury in 2009 initially forecast it would lose $44 billion on its bailout of GM, Chrysler Group LLC and their finance arms. That forecast fell to $30 billion by the end of 2009 and fell as low as $14.3 billion in 2011.

The Treasury still holds a 74 percent stake in Ally Financial, the Detroit-based auto finance firm, as part of a $17.2 billion bailout, but hopes to eventually break even. Ally is shedding its foreign operations as part of its efforts to repay taxpayers.

I bolded some parts of the quoted text above to give you idea of what I am talking about. Up there where it says, “The Treasury”, that means really “The American Taxpayer.” Anytime the United States Treasury is involved in any sort of bailout of private industry, your tax dollars are being used to bail out said company. That is not hatred of President Obama or the Democrats, that is the honest reality of the situation.

Again, this has not about having an axe to grind with the UAW, GM or Chrysler. This is simply a explanation of what happens when Government gets involved with the rescue of two auto companies that were in fact, headed for bankruptcy. The truth is that the American people lost on this deal and lost bad. As much as I respect the history of the UAW and of General Motors, in regards to my family — I must write the truth and this my friends, is the ugly truth.

Heh: GM’s electric car sales plummet, GM blames “inventory issues”

I hate writing stuff like this because my Dad is a GM retiree. Sad However, the truth is the truth and the truth is, General Motors is lying out of their rather large derrieres. Hee hee

The Story via The Detroit News — which is, by the way, a Conservative/Libertarian biased Newspaper:

The Chevy Volt. A $39,145 green energy boondoggle that no one can afford to own. Except for Barack Obama’s rich liberal friends.

Sales of Chevrolet’s Volt fell in November, following the vehicle’s best sales month in October, while less expensive electrified vehicles gained ground on Chevy’s range-extended plug-in hybrid.

Chevrolet sold 1,519 Volts in November, a 33 percent rise over the same month a year ago. But that was only about half the record 2,961 vehicles sold in October and 2,851 in September.

Don Johnson, U.S. vice president of Chevrolet sales and service, attributed the fall in Volt sales from its record-setting tally in October as an inventory issue, felt particularly hard in California.

“Dealers are just clamoring for more,” he said of the California market, where GM sells about 34 percent of Volts and where it recently had just an eight-day supply of the vehicle. Inventory is now up to 23 days for California and about 60 days for U.S. supply, which Johnson described as “ideal.”

Volt sales through 11 months this year totaled 20,828.

Now for the real reason sales of the Chevy Volt have truly dropped:

It’s difficult to tell whether expiration of favorable sales incentives also led to the fall in Volt sales. Without special incentives, the Volt costs $39,145 before a $7,500 federal tax credit. That’s more expensive than the base prices for Toyota Motor Corp.’s Prius plug-in ($32,000), Ford Motor Co.’s C-Max Energi plug-in ($32,950) and Nissan Motor Co.’s all-electric Nissan Leaf ($35,200)

Talk about burying the lead on that story! The truth is that this is what happens when car manufactures seek money for the United States Federal Government and then proceed to capitulate to the demands of a left-wing socialist ideologue, who would rather strangle the US economy in favor of a green energy boondoggle. Basically folks, what this means is that you and I, the American people; are on the chain; not only for rescuing a failed auto company, but also a failed green energy automobile that was priced so high, that the average American could not even afford to buy the silly thing.

My friends, elections have consequences and this here is one of them. My Father will now most likely lose his pension, when GM finally does fail. All because General Motors could not bear the thought of going through a managed bankruptcy. Instead GM went to the hog trough of the United States Government and invested in a green energy boondoggle, which now, as it seems is another idiotic failure.

Please, for the sake of Liberty, next time; vote different.