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Topic:
GM's record profits lead to UAW profit sharing, boost to the economy [Locked] |
AzureTyger  Title: Awesome
Posts: 462
Registered: 2002-4-1 15:49:04
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Date Posted:
1/1/00 12:00am
Subject:
GM's record profits lead to UAW profit sharing, boost to the economy |
Bloomberg
Quote:
The return of bonuses will help consumers shake off fears from the Great Recession and boost spending, said Donald Grimes, a senior research specialist at the University of Michigan who studies labor and the economy. Savings rates peaked in December 2009 and have now fallen back to 2004 levels, he said.
Michigan Rising
Already, the economies of Michigan, Indiana and Ohio have improved faster than that of the U.S. since April 2009 as GM and Chrysler were forced into U.S.-backed bankruptcies as part of an $80-billion bailout, according to the Philadelphia Federal Reserve. Michigan is expected to lead all 50 states over the next six months, the Fed data show.
“This is a reversal of the first half of the 2000s when Michigan and other auto states bore the brunt of the downturn,†said Grimes, who conducts annual economic forecasts for the Institute for Research on Labor, Employment and the Economy. “Now they are getting a bigger share of the recovery.â€
Some good news!
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Bowlartz  Title: Offical VN Tin Foil Hat Supplier
Posts: 221
Registered: 2006-1-4 19:59:15
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Date Posted:
1/1/00 12:00am
Subject:
GM's record profits lead to UAW profit sharing, boost to the economy |
So let me get this straight. The American Tax payer is on the hook still for billions of the auto bailouts, millions are still out of work, Dems profess to hate the "free" money going to corps but UAW members making enough to go buy a Corvette in a time of still massive economic uncertainty...lets applaud?
"“There are some people ready to put that toward a Corvette,†he said. “With all the concessions we gave during and after the bankruptcy, it’s an exciting time. Some of the money we lost will be made up with this profit sharing."
If you are anti-corporate making profits of any level, you have to be anti-UAW members pissing away money that should be used to make their lives more stable for future economic hardships.
The American tax payer got just as fleeced with UAW members getting a payout due to their party owning the President and Congress at the time as any corporation ever has done to us. I find this news deliciously hypocritical.
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Rosaria Title: They call me Mellow Yellow, quite rightly.
Posts: 477
Registered: 2003-8-22 10:07:30
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Date Posted:
1/1/00 12:00am
Subject:
GM's record profits lead to UAW profit sharing, boost to the economy |
http://vnboards.ign.com/outpost/b22180/116157295/p1/?22
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"Them Bollinger Bands on the DJIA are starting to look like columns of projectile vomit." ~ Red Pill
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Lyken-P Posts: 453
Registered: 2006-1-14 18:41:19
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Date Posted:
1/1/00 12:00am
Subject:
GM's record profits lead to UAW profit sharing, boost to the economy |
Bowlartz posted:
So let me get this straight. The American Tax payer is on the hook still for billions of the auto bailouts, millions are still out of work, Dems profess to hate the "free" money going to corps but UAW members making enough to go buy a Corvette in a time of still massive economic uncertainty...lets applaud?
"“There are some people ready to put that toward a Corvette,†he said. “With all the concessions we gave during and after the bankruptcy, it’s an exciting time. Some of the money we lost will be made up with this profit sharing."
If you are anti-corporate making profits of any level, you have to be anti-UAW members pissing away money that should be used to make their lives more stable for future economic hardships.
The American tax payer got just as fleeced with UAW members getting a payout due to their party owning the President and Congress at the time as any corporation ever has done to us. I find this news deliciously hypocritical.
It's the Democratic version of trickle down economics... Taxpayers > Government > Political Cronies.
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Sin_of_Onin  Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
GM's record profits lead to UAW profit sharing, boost to the economy |
So the lesson is that RWNs are really just mad because they got trickle down economics to work after the Republicans have failed at it for decades.
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Lyken-P Posts: 453
Registered: 2006-1-14 18:41:19
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Date Posted:
1/1/00 12:00am
Subject:
GM's record profits lead to UAW profit sharing, boost to the economy |
Sin_of_Onin posted:
So the lesson is that RWNs are really just mad because they got trickle down economics to work after the Republicans have failed at it for decades
Yes... because the Republican party doesn't give money to cronies... 
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Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
GM's record profits lead to UAW profit sharing, boost to the economy |
Lyken-P posted:
Sin_of_Onin posted:
So the lesson is that RWNs are really just mad because they got trickle down economics to work after the Republicans have failed at it for decades
Yes... because the Republican party doesn't give money to cronies...
So the lesson is that RWNs are really just mad because they got trickle down economics to work after the Republicans have failed at it for decades.
-----signature-----
"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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Tych2 Title: Obama Appointed Outpost Czar
Posts: 2,511
Registered: 2005-3-1 06:56:47
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Date Posted:
1/1/00 12:00am
Subject:
GM's record profits lead to UAW profit sharing, boost to the economy |
So trickle down economics works? Huh.
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Lyken-P Posts: 453
Registered: 2006-1-14 18:41:19
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Date Posted:
1/1/00 12:00am
Subject:
GM's record profits lead to UAW profit sharing, boost to the economy |
Sin_of_Onin posted:
Lyken-P posted:
Sin_of_Onin posted:
So the lesson is that RWNs are really just mad because they got trickle down economics to work after the Republicans have failed at it for decades
Yes... because the Republican party doesn't give money to cronies...
So the lesson is that RWNs are really just mad because they got trickle down economics to work after the Republicans have failed at it for decades.
Yes... because the Republican party doesn't give money to cronies...
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Rosaria Title: They call me Mellow Yellow, quite rightly.
Posts: 477
Registered: 2003-8-22 10:07:30
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Date Posted:
1/1/00 12:00am
Subject:
GM's record profits lead to UAW profit sharing, boost to the economy |
Tych2 posted:
So trickle down economics works? Huh.
Just for the length of this thread. 
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"Them Bollinger Bands on the DJIA are starting to look like columns of projectile vomit." ~ Red Pill
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