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  • Communist Party strategist maps out Obama's agenda

    11/17/2008 2:19:04 AM PST · by Man50D · 16 replies · 1,045+ views
    WorldNetDaily.com ^ | November 16, 2008 | Aaron Klein
    JERUSALEM – The enactment of a "single payer" socialist health care system; passing laws to make joining a labor union easier; raising the minimum wage and increasing labor union support – all these are just some of the policies the Community Party USA has mapped out as crucial for Obama to push through during his term of office. Just days after the party's official newspaper lauded the role of labor unions in Obama's election victory, another article in the Communist Party's Political Affairs magazine by leading party member and Rutgers University history professor Norman Markowitz outlined the kind of "change"...
  • Why Bankruptcy Is the Best Option for GM

    11/17/2008 4:40:36 AM PST · by Delacon · 190 replies · 3,138+ views
    Wall Street Journal ^ | NOVEMBER 17, 2008 | MICHAEL E. LEVINE
    Chapter 11 would better preserve the valuable parts of the company than an ad hoc bailout. General Motors is a once-great company caught in a web of relationships designed for another era. It should not be fed while still caught, because that will leave it trapped until we get tired of feeding it. Then it will die. The only possibility of saving it is to take the risk of cutting it free. In other words, GM should be allowed to go bankrupt. AP Consider the costs of tackling GM's problems with some kind of bailout plan. After 42 years...
  • If Detroit Falls, Foreign Makers Could Be Buffer

    11/16/2008 8:30:28 PM PST · by reaganaut1 · 22 replies · 803+ views
    New York Times ^ | November 16, 2008 | Louis Uchitelle
    The failure of one or more of Detroit’s Big Three automakers would put a huge initial dent in American manufacturing, but in time foreign car companies would pick up the slack by stepping up production in their plants here, many industry experts and economists say. Whether Washington should let that play out — risking hundreds of thousands of jobs — is a central question Congress will weigh this week as it hears testimony from Detroit leaders who are pushing for immediate federal intervention, before the next administration takes over in January. “Barack Obama has made it clear he understands the...
  • Auto Union Head Says Management, Union Not to Blame for Industry's Trouble (act of God?)

    11/15/2008 5:36:14 PM PST · by tobyhill · 99 replies · 2,553+ views
    wall street journal ^ | 11/15/2008 | Matthew Dolan
    DETROIT -- The president of the United Auto Workers union said the dire financial troubles of the three U.S. auto makers is the result this year's spike in gasoline prices and the meltdown on Wall Street, not missteps by management or high labor costs. "This industry is in a crisis situation not of its own making," Ron Gettelfinger said in an interview Saturday afternoon with The Wall Street Journal. Mr. Gettelfinger also urged Congress to provide financial help to prevent General Motors Corp., Ford Motor Co. or Chrysler LLC from sliding into bankruptcy protection. Bankruptcy is "the worst possible route...
  • Big Three Bailout? Not So Fast

    11/16/2008 3:48:12 PM PST · by Delacon · 32 replies · 2,502+ views
    CBSNews.com ^ | Declan McCullagh
    One of the best reasons why Detroit automakers should not receive a bailout can be found in a General Motors "Jobs Bank" program that, bizarrely, pays employees not to work. A beneficiary of that program was someone named Jerry Mellon, who worked for GM until his division merged with another in 2000 and he was no longer needed. Except for a brief period in 2001, Mellon received his full salary for not working, which reached $64,500 a year by 2006. Include benefits, and the annual cost to GM exceeds $100,000. To earn his pay, Mellon was given the formidable task...
  • Levin says car execs should resign for aid

    11/16/2008 2:00:08 PM PST · by SSS Two · 40 replies · 1,078+ views
    United Press International, Inc. ^ | Nov. 16, 2008 at 4:42 PM
    WASHINGTON, Nov. 16 (UPI) -- U.S. Sen. Carl Levin of Michigan said Sunday he would not object to firing executives of U.S. automakers that get proposed federal bailout money. The Democrat said in an appearance on NBC's "Meet the Press" program that senior management at General Motors Corp. (NYSE:GM), Ford Motor Co. (NYSE:F) and Chrysler Corp. should consider resigning their posts if it means their respective firms can get federal assistance. Congressional lawmakers are considering $25 billion in emergency loans for the struggling car makers. The Senate reportedly will take up a bailout proposal Monday. "If it was the difference...
  • Top Republican Senators Oppose Automaker Bailout

    11/16/2008 11:43:02 AM PST · by reaganaut1 · 45 replies · 1,205+ views
    Associated Press / NYT ^ | November 16, 2008
    WASHINGTON (AP) -- Top Republican senators said Sunday they will oppose a Democratic plan to bail out Detroit automakers, calling the U.S. industry a ''dinosaur'' whose ''day of reckoning'' is coming. Their opposition raises serious doubts about whether the plan will pass in this week's postelection session. Democratic leaders want to use $25 billion of the $700 billion financial industry bailout to help General Motors Corp., Ford Motor Co. and Chrysler LLC. Sens. Richard Shelby of Alabama and Jon Kyl of Arizona said it would be a mistake to use any of the Wall Street rescue money to prop up...
  • Why We Shouldn't Bail Out the Big 3 Auto-makers

    11/16/2008 11:06:12 AM PST · by St. Louis Conservative · 84 replies · 1,960+ views
    The New York Post ^ | November 16, 2008 | Eric Torbenson
    That beeping sound you hear this week is the semi-truck being backed up to the Federal Treasury in Washington. After being filled with taxpayer billions, it's on its way to Detroit. A heaping bailout for the Big Three automakers - currently losing millions every day theyproduce cars no one wants to buy - feels like it's being gift-wrapped for the holidays.But the beeping sound you should be hearing is the heart monitor of the Big Three, slowing downto flatline. General Motors, Chrysler and Ford are such horrific financial wrecks that not even the Jaws of Life - and certainly not...
  • UAW leader: Workers will make no more concessions

    11/15/2008 2:52:01 PM PST · by 2ndDivisionVet · 159 replies · 4,033+ views
    The Napa Valley Register / The Associated Press ^ | November 15, 2008 | Mark Williams
    Even as Detroit's Big Three teeter on collapse, United Auto Workers President Ron Gettelfinger said Saturday that workers will not make any more concessions and that getting the automakers back on their feet means figuring out a way to turn around the slumping economy. "The focus has to be on the economy as a whole as opposed to a UAW contract," Gettelfinger told reporters on a conference call, noting the labor costs now make up 8 percent to 10 percent of the cost of a vehicle. "We have made dramatic, dramatic changes and the UAW was applauded for that," he...
  • UAW Leader Says No More Concession

    11/15/2008 11:02:50 AM PST · by engrpat · 142 replies · 3,908+ views
    AP ^ | 11-15-08 | Mark Williams
    COLUMBUS, Ohio – Even as Detroit's Big Three teeter on collapse, United Auto Workers President Ron Gettelfinger says workers will not make any more concessions and that getting the automakers back on their feet means figuring out a way to turn around the slumping economy.
  • Unions ready to recruit Hispanic workers if Obama changes organizing rules(Card Check)

    11/14/2008 11:36:21 AM PST · by Fred · 20 replies · 897+ views
    Phoenix Business Journal ^ | 111408 | Mike Sunnucks
    Labor unions are poised to go after Hispanic workers in states like Arizona and sectors such as services and health care if new union rules are put in place by the Barack Obama administration and Democratic Congress next year. Unions and pro-union Democrats want Congress and Obama to pass card-check legislation. The plan would allow unions to organize in workplaces if they get a majority of workers to sign cards supporting unionization. It would scrap 73-year-old unionization laws that require secret ballots for workers to decide whether they want their work forces represented by a trade union. Card-check legislation is...
  • What To Expect From An Obama Administration

    11/14/2008 10:39:03 AM PST · by jazusamo · 13 replies · 981+ views
    The Bulletin ^ | November 14, 2008 | Herb Denenberg
    I find one of the more amusing although important questions is how will President-elect Barack Obama govern? As a moderate and centrist, or as an extremist, radical and liberal? I can answer such questions with another question: When your whole career and resume shows you are a leftist, an extremist, a radical, a liberal, and a 96 percent pure party line Democrat, are you are likely to be just that no matter what you say in the campaign? Mr. Obama ran far-left to win the primaries and then veered quickly to the center to win the general election. And now...
  • Dodd to Big Three Auto: The Votes Aren't There For Bailout (Good! No union bailout!)

    11/13/2008 8:14:00 PM PST · by tobyhill · 33 replies · 943+ views
    abc ^ | 11/13/2008 | Zach Wolf
    An architect of the original bailout bill said today Democrats lack the votes to pass bill giving auto companies a piece of the $700 billion bailout pie next week. Sen. Chris Dodd to ABC News: "I want to help them if we can, but I'm not going to give anyone a blank check, so we're going to try and do something if we can next week. I don't think the votes are there. Candidly, I don't think we have the votes to get that done. With no big change between now and next Wednesday, I'm skeptical." Even after January, Democrats...
  • Coalition for a Democratic Workplace/Union Household Survey Results (Obama Union Payback Act)

    11/13/2008 6:21:02 PM PST · by Fred · 10 replies · 535+ views
    Market Watch ^ | 111308 | Market Watch
    Union Voters Overwhelmingly Want to Protect Right to Cast Vote in Private The Coalition for a Democratic Workplace (CDW) today released a comprehensive analysis of data of union household attitudes from six statewide polls. The combined findings from the key states of Colorado, Louisiana, Maine, Minnesota, New Hampshire and New Mexico suggest that President-elect Obama and the Democrat-controlled Congress may have trouble convincing voters from union households that support for the mis-named Employee Free Choice Act (EFCA) is a pro-worker position. Notably, the surveys found widespread opposition among union household voters (69%) to the EFCA, which would replace a federally...
  • Unions Prepare their Demands(Union payback coming from Obama - Card Check)

    11/13/2008 5:54:00 PM PST · by Fred · 8 replies · 535+ views
    Weekly Standard ^ | 111308 | Weekly Standard
    TPM reports that American labor leaders are coming to Washington to meet and spell out their priorities for the incoming Obama administration: According to a senior AFL-CIO official, the labor leaders -- who could include AFL-CIO head John Sweeney, AFSCME chief Gerald McEntee, and others -- will be putting the finishing touches on plans for a national campaign, including possible TV ads, to press members of Congress for quick passage of the Employee Free Choice Act, one of labor's major agenda items. The measure, which would give workers the right to join a union as soon as a majority of...
  • From Bagdad to Chicago: Rezko and the Auchi empire (by former senior State, DOD official)

    10/11/2008 10:47:39 AM PDT · by STARWISE · 19 replies · 2,568+ views
    Wikileaks ^ | 10-10-08 | John A. Shaw
    “I first began to fathom the extent of Nadhmi Auchi's reach and corrupting influence when I was given responsibility for monitoring illegal transfers of technology and munitions to Iraq as well as overseeing all coalition transportation and communications reconstruction in Iraq." ### Barack Obama has been appropriately strident in his condemnation of the mortgage-based financial corruption which nearly led to the collapse of the investment banking system in the United States. But there are some strong smelling financial skeletons in his own closet. Obama has his own personal housing crisis that is tied not into Fanny Mae, but into a...
  • Auto Bailout May Affect Wagoner's Future at GM (Unions Negotiating with Barney Frank )

    11/12/2008 3:37:20 PM PST · by Fred · 39 replies · 954+ views
    WSJ ^ | 111208 | MATTHEW DOLAN and ALEX P. KELLOGG
    Rick Wagoner's future as chief executive of General Motors Corp. may hinge in large part on what kind of bailout the ailing auto maker gets from the U.S. government. Momentum is building in Washington to provide financial help for the auto industry and Nancy Pelosi, speaker of the House of Representatives, plans to push for legislation next week to give "emergency assistance" to auto makers in a lame-duck session of Congress. Three big financial institutions that got federal bailouts -- including insurer American International Group Inc. and home-lenders Fannie Mae and Freddie Mac -- had to replace their top executives...
  • Why Doesn't Toyota USA Need A Bailout?

    11/12/2008 11:41:02 AM PST · by foutsc · 103 replies · 5,097+ views
    Nietzsche is Dead ^ | 12 Nov 08 | foutsc
    So the Big Three are asking for a government handout... You should write your representatives and ask them this question: Why are the Big Three going broke and asking for taxpayer money while Toyota USA is expanding?Ford, GM and Chrysler have become as sclerotic as the liberal states that host them. Like the failed state of Michigan, the Big Three promised goodies to the masses and now they have the gall to ask the American taxpayer to fund their generosity. Note to nanny-state liberals (in government and on corporate boards): It's not generosity when you do it with other people's...
  • Democrats Seek Help for Automakers

    11/11/2008 11:28:19 PM PST · by Kukai · 33 replies · 448+ views
    New York Slimes ^ | November 11, 2008 | DAVID M. HERSZENHORN and CARL HULSE
    Democratic Congressional leaders said Tuesday that they were ready to push emergency legislation to aid the imperiled auto industry when lawmakers return to Washington next week, setting the stage for one last showdown with President Bush. “Next week, during the lame-duck session of Congress, we are determined to pass legislation that will save the jobs of millions of workers whose livelihoods are on the line,” the majority leader, Harry Reid of Nevada, said in a statement. His call for the session, the first since the election, came shortly after the House speaker, Nancy Pelosi, said Congress and the administration “must...
  • Breakdown (Do we bailout the unions as payback for them buying the presidency for $400,000,000?)

    11/11/2008 5:04:58 PM PST · by Fred · 31 replies · 553+ views
    Jewish World Review ^ | 111108 | Cal Thomas
    Remember when Democrats lamented the growing budget deficit and spoke of the burden our children and grandchildren would face if we didn't put our fiscal house in order? That was when Republicans ran the federal government and Democrats opposed tax cuts. Now that Democrats are about to be in charge, concern about the deficit has disappeared and spending plans proliferate, even though the national debt passed $10 trillion in September and we added another $500 billion last month. The latest, but by no means the last supplicant at the public trough, is the auto industry, which wants a bailout to...