fallenchicken
Well-Known Member
Fire them all!
Workers getting paid to do nothing on government money
- Thread starter Dr. Jones
- Start date
TheSilencer1313
Well-Known Member
The government can always buy me a house, and then they don't have to pay me a wage for doing nothing.
Hopefully it won't be important.
Are you saying you expect every government investment to pay off?
I heard that you freaked out on MSNBC last night.
They broadcast calculus classes? Wow, that must be dull.
I was making a joke about Matthews racist meltdown on MSNBC.
Oh, OK. I was not making a joke. I really thought they had broadcasted my calculus class.
I didn't hear about Matthews. What did he say?
Famously tingly MSNBC host Chris Matthews decided the whole race came down to, well, race. In one of the more outlandish rants of an outlandish career, Matthews said the right hates Obama more than they want to destroy Al Qaeda, according to The Hill. The rant is too priceless to edit:
“I think they hate Obama. They want him out of the White House more than they want to destroy Al Qaeda. Their No. 1 enemy in the world right now, on the right, is their hatred, hatred for Obama. And we can go into that about the white working class in the South and looking at these numbers we're getting the last couple days about racial hatred in many cases … this isn't about being a better president, they want to get rid of this president,’ he said.”
https://thehill.com/blogs/blog-brie...utm_source=twitterfeed&utm_medium=twitterfeed
I agree that this is not the primary motive of every person on the right, and hating Obama more than they hate Al Qaeda only applies to a very few.
On the other hand, four years ago the Senate Minority Leader annouced that the #1 goal of the party was to make sure Obama was not re-elected. So, it's not like matthews comment is coming from nowhere.
It's Matthews so I do not listen to any of the garbage that comes out of his mouth.
By "his other short sighted minions" you must mean the UAW and democratic party members who blocked every CAFE standard increase they could for two decades, and pressured the Reagan administration into anti-Japanese policy because neither management or the unions wanted to compete with them.
It's amazing how the party spins their own faults into rebukes of the republican party and business. To you liberals, it was only redneck republicans pushing for environmental destroying, gas guzzling, crappy American cars.
“It was one of the proudest days of my life, standing there shoulder to shoulder with Owen and lobbying against that CAFE standard and winning. On that particular vote, we would not have won without the UAW.”
candrew
Well-Known Member
Yes, the UAW clearly twisted the arm of Ronald "Union Buster" Reagan
In the 15 years before they finally went belly up:
https://www.businessweek.com/managing/content/jun2009/ca2009061_966638.htm
And this is just Waggoner - Roger Smith was just as bad.
I bolded the GMAC sale because out of all the stupid decisions, this one would baffle even a first year business student. GM was so oversaturated with the cost of running so many different brand/divisions that they would often be forced to sell a car for close to or at cost. They would make their money back by financing the purchase of the car through their GMAC branch. For reason known only to him, Waggoner sold off GMAC to a competitor and they stopped financing GM purchases. Cost the company billions long term.
In retrospect, it was probably done because the company was much worse off than he let on and needed fast cash. But that is only because all of the other bad decisions that led up to that point.
Now if you want to say the UAW got GM workers some ridiculous deals over the past 40 years, I'll agree with you - and many of them have either been eliminated or scaled back. But to pin the overall health of the company on the UAW or the democratic party is just laughable.
TheSilencer1313
Well-Known Member
I think what I expect is a government investment to actually pay off. They invest in everything under the sun, except their own citizens.
Are you claiming that, overall, investments in clean energy have not been fruitful? Can you justify that claim?
First year business students are not qualified to analyze a finance company. Besides, GMAC went bankrupt. Twice. Do you know what role auto financing played in that or was it purely mortgage?
Who blamed the entire thing on the UAW and [a portion of] the democratic party? All I did was point out one area where the UAW tried to fight market forces hand in hand with management and it ended up destroying both of them. Another role the union played--and a large reason why GM and the others relied so heavily on the American dominant and profitable SUVs instead of innovating better cars--is extending itself into every single parts factory and demanding the same wages at small scale operations as at the large plants. That made it very difficult to compete with Japanese auto makers who had much more price flexibility because they weren't paying exorbitant salaries to every single worker along the line & regardless of experience or lack of expertise.
Another thing worth pointing out is the turn the unions took from early on to the 1980's. One time in the 1940's they volunteered for lower wages if the auto companies would make smaller cars that were more affordable to average citizens. Their push in the 80's and 90's was completely opposite.
A quick search shows GM sold off GMAC to raise capital in an effort to lower funding costs of their core business to make it more competitive. I don't get why you're complaining about them branching out too much and again when they started shedding these branches.
They also used the funds from the GMAC sale to pay off legacy costs associated with the unions, and also to buy out union members who were no longer needed. So they're damned if they do and damned if they don't.
They also used the funds from the GMAC sale to pay off legacy costs associated with the unions, and also to buy out union members who were no longer needed. So they're damned if they do and damned if they don't.