That the man who wrote this here dies from a bad case of ass cancer. 😡
I mean, my Dad is a retired General Motors worker of 31 years. This guy owned a supplier for GM and ended up losing his business. Cry me a river, he should have ran his business better. Instead, he blames General Motors and the unions for his failure. He should look in the mirror first.
I would have thought I was reading weakly Weekly Standard or Commentary. 🙄
Also too; sure, the bailouts of GM and Chrysler were terrible. But, reading this guy’s tripe; you’d swear he was some sort of anti-American leftist trashing American industry. I also notice that the powers at be over National Review deleted my comments; which exposes the fascist neoconservatives for what they truly are. 😡
What this idiot does not tell people is; that it was the neoconservatives during the Bush 41 Administration who pushed a globalist agenda under Bill Clinton’s terms in office that put GM and the other American car companies in the place that we’re in now. The best this idiot can do, is infer that the Unions caused at all, as well as the bailout.
For those wondering; this is personal with me. My Father gave 31 years to GM, at the Cadillac Assembly Plant in Hamtramck, Michigan. (Now a Chevy plant) Now my Father is worrying whether he will have a pension in the future or not; because quite frankly, the so-called “conservative” media in this Country is working overtime to accelerate the death of G.M., as are certain cretins in Washington D.C..
We Paleoconservatives know that, as Detroit goes, so goes America. If we lose the auto manufacturing sector in Detroit; the rest of the Country will suffer. It will spark a chain reaction that will never be reversed. There are other good examples of this happening; Allentown PA, Gary Indiana, and many others.
Neoconservatives do not care; they are very well enriched by their corporate crony capitalist friends as well as their elitist friends in politics; who are mostly establishment Republicans — who are wholly owned by the elitist corporate thugs. Furthermore, their anti-Detroit mentality is entrenched in bigotry; racially and socially.
My friends, this, is the difference between paleoconservatives and neoconservatives.
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.
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.
I hate writing stuff like this because my Dad is a GM retiree. However, the truth is the truth and the truth is, General Motors is lying out of their rather large derrieres.
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.
However, the truth is the truth and the truth is, General Motors is lying out of their rather large derrieres. 