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Topic:
GM's record profits lead to UAW profit sharing, boost to the economy [Locked] |
theredkay1  Posts: 611
Registered: 2008-5-16 10:37:09
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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:
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.
They are employees of a company that just posted record profits. Its very standard right wing market ideology that employees should forego large long term guaranteed profits and instead take lower wages while sharing in some of the upside when the company actually has a good year. This is what happened with GM and now the RWN's are pissed that employees are getting anything.
The right wing war on wage earners would be comical if it had not been so successful over the last few decades.
I think the rwn noise machine was outraged at the thought of socialist Obama trying to control wall street paydays...now they are outraged that he is not doing it to blue collar workers. 
When threads come up about the stagnation of median incomes we should remember our position on whether we were happy to see blue collar American workers getting a slice of record profits....or whether we are outraged by it.
We couuld contrast positions on taxes too. If the government taxes income they are hurting the economy by pulling money away from earners and into the grubby hands of political appointees...but by some leap of logic the gov't should be doing that exact same thing here.
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Brother_Tempus Title: Patriot
Posts: 985
Registered: 2001-1-9 08:07:00
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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 |
Kjarhall posted:
The loan money is being paid back
no, it's not. Taxpayers are in the hole with GM @ $23.8 billion. For the taxpayer ti get their money back' GM stock would have to hit at least $53 a share very quickly. Currently it is @ half of that price.
The longer the taxpayer has to wait to be repaid, the higher the stick price has to be
Kjar speaks out if ignorance to eth facts and reality because his blind ideology. He us nothing more tan one if the sheep depicted un Orwell's Animal Farm
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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 |
Only a completely stupid person would confuse an interest in outcomes with what the USSR did. The USSR was more interested in ideologically pure processes and systems, not the outcomes.
Which makes you more there bedfellow than SOO
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SoBaKi  Posts: 487
Registered: 2002-2-26 09:31:13
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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 |
Brother_Tempus posted:
Kjarhall posted:
The loan money is being paid back
no, it's not. Taxpayers are in the hole with GM @ $23.8 billion. For the taxpayer ti get their money back' GM stock would have to hit at least $53 a share very quickly. Currently it is @ half of that price.
The longer the taxpayer has to wait to be repaid, the higher the stick price has to be
Kjar speaks out if ignorance to eth facts and reality because his blind ideology. He us nothing more tan one if the sheep depicted un Orwell's Animal Farm
I know who you are....
http://www.wtop.com/?nid=209&sid=2751851
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Yukishiro1  Posts: 3,243
Registered: 2002-9-20 23:52:57
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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 |
Bjorvald posted:
It was pretty cool how Obama gave a nice big chunk of GM to the auto worker unions while wiping out secured bond holders who were first in line. But what's a little corruption between friends, eh?
How did Obama give a chunk of GM is to auto workers? And how did he wipe out their secured bond holders?
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Kjarhall Title: The Pungent One
Posts: 915
Registered: 2002-3-1 15:47:21
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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 |
Brother_Tempus posted:
Kjarhall posted:
The loan money is being paid back
no, it's not. Taxpayers are in the hole with GM @ $23.8 billion. For the taxpayer ti get their money back' GM stock would have to hit at least $53 a share very quickly. Currently it is @ half of that price.
The longer the taxpayer has to wait to be repaid, the higher the stick price has to be
Kjar speaks out if ignorance to eth facts and reality because his blind ideology. He us nothing more tan one if the sheep depicted un Orwell's Animal Farm
Learn to read. Then learn math. Because you failed at both.
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Ashmaele Title: Pastor of Muppets
Posts: 1,809
Registered: 2002-1-15 08:30:50
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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 |
Yukishiro1 posted:
Bjorvald posted:
It was pretty cool how Obama gave a nice big chunk of GM to the auto worker unions while wiping out secured bond holders who were first in line. But what's a little corruption between friends, eh?
How did Obama give a chunk of GM is to auto workers? And how did he wipe out their secured bond holders?
Auto worker union members are US citizens. The US holds a significant portion of GM's stock. Ergo, auto workers unions were given a nice big chunk of GM.
THIS SHOULD BE OBVIOUS TO YOU
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Brother_Tempus Title: Patriot
Posts: 985
Registered: 2001-1-9 08:07:00
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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 |
Marshall posted:
I need to learn to how to read and do math
fixed for accuracy
when you can disprove my numbers with facts instead of schoolyard name calling, you let me know
otherwise you are just proving my observation of you
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You win ACF, dude - Osmenthe
BT is usually right - Onslaught
i think we need more BT on page 1 - FighterUSAF
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Cawlin Posts: 1,759
Registered: 2005-2-22 07:58:42
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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 |
@ this thread.
GTFO
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Akza Posts: 271
Registered: 2002-9-8 18:02:25
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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 |
Sansfear posted:
Bjorvald posted:
It was pretty cool how Obama gave a nice big chunk of GM to the auto worker unions while wiping out secured bond holders who were first in line. But what's a little corruption between friends, eh?
This.
It is easy to be profitable when you get rid of all that pesky secured debt that you owe.
Maybe we should do the same thing with China. Just write off all the treasuries they have and distribute them to Americans.
You got my vote.
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