Announcement

Collapse
No announcement yet.

Bankrupt, 25% unemp. What do we do?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Bankrupt, 25% unemp. What do we do?

    Detroit, happy to do it's duty of giving everyone a crystal ball into the future of other American cities. At least Detroit was built on actually making something you could use and touch. The same can't be said for many other American cities right now who's leading exports are CDO's and usury charging of the rest of the world for promises they're making but will never keep.

    Detroit has and will continue to be an interesting microcosm of what will slowly spread, or quite quickly spread to much of the leading cities in the US.

    Today's chapter, more snazzy union chants demanding more fictitious fiat money from places that are completely imaginary and beyond solvent 1000 fold.

    Detroit is not soon to be mad max beyond thunderdome territory, IT IS mad max territory. Right there along with other rust belt superstars like Cleveland, with it's viral video hit, "at least were not Detroit".

    http://www.youtube.com/watch?v=oZzgAjjuqZM


    September 24, 2009 http://detnews.com/article/20090924/METRO01/909240422
    Up to 1,000 more Detroit layoffs on the horizon

    DAVID JOSAR
    The Detroit News

    Detroit -- Mayor Dave Bing has threatened that an additional 1,000 city workers will lose their jobs starting Saturday, but as of late Wednesday, his spokesman said hard numbers on how many people would be affected and in which departments were unavailable because of "variables" that are part of the layoff plan.
    "There are a number of variables which are going into the number of layoffs which are expected to occur next week," spokesman Ed Cardenas said in a statement. He said a "clearer view of where we are, and where we are going" should be available today.
    Earlier, Bing had promised that, at least for now, public safety agencies are safe from layoffs.
    Meanwhile, late Wednesday afternoon, more than 200 union workers, most from AFSCME Local 207, marched near the Spirit of Detroit statue outside City Hall to protest the prolonged negotiations with the city.
    "Bing says give back. We say fight back," the group chanted in unison as they carried signs that read "Layoff Dave Bing" and "It is time to resign."
    In addition to the threatened layoffs -- the city has already met the required timeline notice to implement the job cuts -- Bing also wants organized labor to accept a 10 percent wage cut in exchange for 26 furlough days.
    A similar pay cut already was imposed on all nonunion personnel earlier this month.
    John Riehl, the president of AFSCME Local 207, which represents about 900 workers, said AFSCME and the city have suspended negotiations.
    "I think they still start again soon," he said. "I think there are some concessions we might be willing to make."
    Riehl declined to be specific.
    Among the 1,000 workers who could lose their lose jobs starting Saturday are 113 bus drivers, who last month had been spared after the city opted to temporarily used federal stimulus money to keep them on the payroll. Still, they are scheduled to lose their jobs because several routes will be eliminated and waiting times will increase on most others.
    djosar@detnews.com">djosar@detnews.com

  • #2
    Re: Bankrupt, 25% unemp. What do we do?

    Originally posted by pangea View Post
    Detroit, happy to do it's duty of giving everyone a crystal ball into the future of other American cities. At least Detroit was built on actually making something you could use and touch. The same can't be said for many other American cities right now who's leading exports are CDO's and usury charging of the rest of the world for promises they're making but will never keep.

    Detroit has and will continue to be an interesting microcosm of what will slowly spread, or quite quickly spread to much of the leading cities in the US.

    Today's chapter, more snazzy union chants demanding more fictitious fiat money from places that are completely imaginary and beyond solvent 1000 fold.

    Detroit is not soon to be mad max beyond thunderdome territory, IT IS mad max territory. Right there along with other rust belt superstars like Cleveland, with it's viral video hit, "at least were not Detroit".

    http://www.youtube.com/watch?v=oZzgAjjuqZM
    But Ford is opening new plants. Oh, right they are in China and India.

    Comment


    • #3
      Re: Bankrupt, 25% unemp. What do we do?

      Originally posted by goadam1 View Post
      But Ford is opening new plants. Oh, right they are in China and India.
      Ya gotta build 'em where they are buying 'em. That's why Toyota, Nissan, Honda, Daimler, BMW, etc. set up North American plants years ago.

      Now we get to witness the money, the power and the consumption shift to Asia...along with the production.
      Toyota to Close Union Plant in California
      Published: August 27, 2009

      DETROIT — Toyota’s directors voted Thursday to close the company’s only unionized plant in the United States, a joint venture with General Motors in California that G.M. abandoned as part of its recent bankruptcy...
      Last edited by GRG55; September 25, 2009, 08:19 AM.

      Comment


      • #4
        Re: Bankrupt, 25% unemp. What do we do?

        Originally posted by GRG55 View Post
        Ya gotta build 'em where they are buying 'em. That's why Toyota, Nissan, Honda, Daimler, BMW, etc. set up North American plants years ago.

        Now we get to witness the money, the power and the consumption shift to Asia...along with the production.
        Toyota to Close Union Plant in California
        Published: August 27, 2009

        DETROIT — Toyota’s directors voted Thursday to close the company’s only unionized plant in the United States, a joint venture with General Motors in California that G.M. abandoned as part of its recent bankruptcy...
        That's not just any unionized plant Toyota is closing. If it's a joint venture between Toyota and GM in CA, it must be NUMMI in Fremont. UAW auto workers assembled cars under Toyota management. The GM car plant closed in the early 80 with one of the worst quality records in the industry and miserable labor relations.

        In a relatively short time, after reopening under Japanese management with many of the same workers, it became much more like other Toyota car plants. Before NUMMI, many blamed American labor for the poor quality of the automobiles; after, the likely suspect was American management.

        Comment


        • #5
          Re: Bankrupt, 25% unemp. What do we do?

          Originally posted by Verrocchio View Post
          That's not just any unionized plant Toyota is closing. If it's a joint venture between Toyota and GM in CA, it must be NUMMI in Fremont. UAW auto workers assembled cars under Toyota management. The GM car plant closed in the early 80 with one of the worst quality records in the industry and miserable labor relations.

          In a relatively short time, after reopening under Japanese management with many of the same workers, it became much more like other Toyota car plants. Before NUMMI, many blamed American labor for the poor quality of the automobiles; after, the likely suspect was American management.
          You mean the same American management that ultimately ran General Motors itself right into the ground?

          Imagine that...:rolleyes:

          [Just as an aside, I visited GM's Freemont plant in the late 1970's as part of an engineering field trip, and it was pretty obvious there were some serious labour issues just talking to the "I could care less" workers on the line. On the same trip also had a chance to spend nearly half a day at HP Labs in Palo Alto. Quite a few of the design engineers had a modified HP logo over their cubicles with the slogan "Have Pride". Looked hokey to me when we first walked in, but the place was buzzing and it became clear there was something to it. A Wolfman Jack lookalike HP engineer cancelled a day off for surfing to come back and act as our host. Seemed like a great place to work at the time. The contrast with GM was unbelievable...]
          Last edited by GRG55; September 25, 2009, 09:18 AM.

          Comment


          • #6
            Re: Bankrupt, 25% unemp. What do we do?

            We could do the unthinkable

            Reduce government by twenty-five percent.

            Cindy

            Comment


            • #7
              Re: Bankrupt, 25% unemp. What do we do?

              Originally posted by cindykimlisa View Post
              We could do the unthinkable

              Reduce government by twenty-five percent.

              Cindy
              gov't employs 24 million. laying off 25% will add another 6 million unemployed... will explode the unemployment insurance costs.

              we have to... have to... do it, but gradually & during boom times in the private sector... such as under the republican administration from 2000 - 2008 when the economy was growing.

              but we didn't... so instead we're...

              Saving A Million Jobs at $787,000 Per Job
              Last edited by metalman; September 25, 2009, 11:32 AM.

              Comment


              • #8
                Re: Bankrupt, 25% unemp. What do we do?

                Originally posted by metalman View Post
                gov't employs 24 million. laying off 25% will add another 6 million unemployed... will explode the unemployment insurance costs.

                we have to... have to... do it, but gradually & during boom times in the private sector... such as under the republican administration from 2000 - 2008 when the economy was growing.

                but we didn't... so instead we're...

                Saving A Million Jobs at $787,000 Per Job
                Hey I will take 500k to help out. Thats just how I am a team guy. I Love America!!!

                Comment


                • #9
                  Re: Bankrupt, 25% unemp. What do we do?

                  Originally posted by metalman View Post
                  gov't employs 24 million. laying off 25% will add another 6 million unemployed... will explode the unemployment insurance costs.
                  It's worse than that! Not only will six million newly unemployed be added to the unemployment line, the aggregate reduction in personal expenditures will fall even more than if six million private sector employees were let go because the average federal government employee makes 59% more than the equivalent private sector employee.


                  Ed.

                  Comment


                  • #10
                    Re: Bankrupt, 25% unemp. What do we do?

                    If your spent money Education/Engineering/production your be where you where in the early 60's..........but you went "Empire Asshole", i watch the American people, my hero's drop napalm on people whom didn't want you in their land......now your broke..............tough, get over it.

                    Mike

                    Comment


                    • #11
                      Re: Bankrupt, 25% unemp. What do we do?

                      Originally posted by Mega View Post
                      If your spent money Education/Engineering/production your be where you where in the early 60's..........but you went "Empire Asshole", i watch the American people, my hero's drop napalm on people whom didn't want you in their land......now your broke..............tough, get over it.

                      Mike
                      Quite possible and likely -- given time. I look 10-20 years down the future and I wonder what the new status quo will be. What might an Chinese/Indian/Asian economic empire look like (because let's face it -- the past 50 years have taught us it's damn near impossible to create a military empire)

                      I think some of the biggest losers are going to be Western Europe, Japan and South Korea. The US military umbrella is going to be withdrawn and those countries are going to have to foot their own defense bills -- or really retrofit their positions.

                      There are several interesting possible Asian alliances, but I think Western Europe is going to have real problems. I personally will be astonished if NATO exists a decade from now.

                      Comment


                      • #12
                        Re: Bankrupt, 25% unemp. What do we do?

                        Originally posted by cindykimlisa View Post
                        We could do the unthinkable

                        Reduce government by twenty-five percent.

                        Cindy

                        Cindy - lets say for the sake of argument we did. I'm afraid that still wouldn't even be enough to recoil from where we are now and get the republic back on track.

                        It would be an interesting mathematical exercise to see how much spending we would have to stem in order to stabilize our situation for real.

                        Even with just starting to unravel the wrong doings in mortgage backing alone, at 85% backing by the government, we are on a train that cannot be stopped.

                        But if someone here, anyone, could make an intelligent argument that were the American people to truly revolt and demand action, what would that plan look like. How much needs to be cut in order to reign this thing in.

                        The defaults on the mortgage sector alone I believe would finish us, but I'll leave that to smarter folks here to comment on.

                        -Pangea

                        Comment


                        • #13
                          Re: Bankrupt, 25% unemp. What do we do?

                          Originally posted by pangea View Post
                          Cindy - lets say for the sake of argument we did. I'm afraid that still wouldn't even be enough to recoil from where we are now and get the republic back on track.

                          It would be an interesting mathematical exercise to see how much spending we would have to stem in order to stabilize our situation for real.

                          Even with just starting to unravel the wrong doings in mortgage backing alone, at 85% backing by the government, we are on a train that cannot be stopped.

                          But if someone here, anyone, could make an intelligent argument that were the American people to truly revolt and demand action, what would that plan look like. How much needs to be cut in order to reign this thing in.

                          The defaults on the mortgage sector alone I believe would finish us, but I'll leave that to smarter folks here to comment on.

                          -Pangea
                          Reducing government by 25 percent would be Armageddon on UE. And since defecits don't matter for the US, there really is no reason to do so. Actually, all Americans should be employed as anti-terrorists who would report any suspicious activites to the authorities. 10k/year should do the trick.

                          Free money for everyone.

                          Comment


                          • #14
                            Re: Bankrupt, 25% unemp. What do we do?

                            Originally posted by Quincy K View Post
                            Reducing government by 25 percent would be Armageddon on UE. And since defecits don't matter for the US, there really is no reason to do so. Actually, all Americans should be employed as anti-terrorists who would report any suspicious activites to the authorities. 10k/year should do the trick.

                            Free money for everyone.
                            Today we roll out our United Banana Republic of America (UBRA) flag as we dig into the Labor Department's numbers to see where all these jobs came from, but the fact is that our projection yesterday of today's payroll numbers was wrong.

                            The good news: unemployment is only slightly up. The bad news: the banana republicization of America is proceeding apace. Payrolls Pick Up by 110,000 but Not Enough to Stop Jobless Rate From Rising to 4.7 Percent

                            The new job market snapshot released by the Labor Department on Friday showed that employers boosted payrolls by 110,000, the most in one month since last May. In an encouraging note, the economy actually added 89,000 jobs in August. That marked an improvement from the net loss of 4,000 that the government first estimated.

                            To be sure, the ill effects of these problems are showing up at some companies. Construction firms cut 14,000 jobs in September, Factories slashed 18,000. Retailers got rid of just over 5,000 jobs. Financial services companies eliminated 14,000 slots.

                            However, gains in education and health services, professional services, leisure and hospitality, and in government work more than offset those losses, leading to a net gain in new jobs in September.

                            Comment


                            • #15
                              Re: Bankrupt, 25% unemp. What do we do?

                              Originally posted by goadam1 View Post
                              But Ford is opening new plants. Oh, right they are in China and India.
                              During my last trip to India in the winter, I saw little evidence of a "recession" in terms of car sales. Cars, consumer electronics and other items bought with disposable income were selling in the same volumes as before.

                              Car sales in India are, I believe, up from last year and the growth rate is close to double digits.

                              Comment

                              Working...
                              X