Obama Blames The Bad Economy On Americans Inability To “Think Clearly”

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The arrogance and condescension of this man knows no bounds. The country is all cowards now:

WEST NEWTON, Mass. – President Barack Obama said Americans’ “fear and frustration” is to blame for an intense midterm election cycle that threatens to derail the Democratic agenda.

“Part of the reason that our politics seems so tough right now and facts and science and argument does not seem to be winning the day all the time is because we’re hardwired not to always think clearly when we’re scared,” Obama said Saturday evening in remarks at a small Democratic fundraiser Saturday evening. “And the country’s scared.”

Obama told the several dozen donors that he was offering them his “view from the Oval Office.” He faulted the economic downturn for Americans’ inability to “think clearly” and said the burden is on Democrats “to break through the fear and the frustration people are feeling.”

Read that again.

So what he is saying is that he never realized how ignorant and scared the people of this country are and he made the mistake to assume that we were all a little bit smarter than that.

I guess I shouldn’t be surprised by this seeing as how the Democrats have always viewed the public as being unable to run their own lives. The government will take care of you since you’re too retarded to figure this thing out we call life. You make good money? Well gosh darn it, the government knows you won’t send any extra cash to charities and such so they will confiscate that cash and give it to those they deem more worthy than you.

Tom Maguire:

Speaking of which, left unanswered (and probably unasked) – are people hard-wired to think clearly while euphoric about the possibility of hope and change? I’d hate to think Obama ran an emotionally manipulative campaign what seems like two eons ago.

Heh

[flv:buildingareligion.flv 400 300]

This man has now gone well beyond Jimmy Carter as the worst, absolute worst President evah!

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GREG: AT least the CONSERVATIVE VOTERS know that IT wont be taken from their pockets,
THERE is many other places to take it from, without having the AMERICANS being tax to death.

bye

@ bees, #52: “GREG: AT least the CONSERVATIVE VOTERS know that IT wont be taken from their pockets…”

Of course it will be. Financing tax cuts by adding $3.9 trillion more in IOUs to the national debt is the same thing as taking the money from your pocket.

For the average voter–whether liberal or conservative–the individual share of the increased national debt will be much greater than the individual share of the tax cut the increased debt pays for. That’s because we are all responsible for the national debt equally, while tax cuts are much higher for individuals at the top of the income pyramid.

Deficit spending is what it is, whether it’s done by republicans or democrats.

The one who can’t think clearly is you Donkey A_S

@Greg: The U.S. economy didn’t didn’t go over the cliff, did it? The banking system didn’t collapse; the stock market didn’t fall over dead; the dollar didn’t become worth less than the paper it’s printed on. The precipitious loss of jobs slowed and leveled out. GM is rebounding. The rate of inflation is at a virtual zero. Businesses have spent the last 19 months paying down their debts. Consumers have been doing the same, deferring purchases and building a backlog of pent-up demand for products.

Living in the “alternative/parallel universe” are we, Greg?

Excuse me, but how do you you know:

1: the economy wouldn’t collapse
2: banking system wouldn’t collapse
3: dollar wouldn’t become worthless (enroute in it’s decline since the events… duh)
4: loss of jobs have slowed and leveled out (how many jobs are there to lose and still maintain a business, dude? Heard about skeleton crews? Part time/temp help?)
5: GM is rebounding (compared to what auto maker? How much are they “rebounding” compared to others?)
6: rate of inflation is a a virtual zero ( a bit premature, don’t you think?
7: consumers have been doing fine (really???)

Does an economy collapse.. most especially the biggest consumer economy, “collapse” over night?

Do you think the “banking system” is done with their losses in the free falling decline of values?

Is the dollar “done” and safe in today’s market?

So today’s “loss of jobs” is better because of a projected “loss of jobs” to you? What “seer” are you banking on?

GM is rebounding? LOL Compared to what auto manufacturer, if you please…. LOL

Rate of inflations is zero… as compared to a Euro market who’s currency value is deteriorating faster? How long do you want to bet on that?

Consumers have been doing “fine”… don’t get out much, eh?

Greg, you disappoint me. You buy the hype of the alternative universion, hook line and sinker. You have now been moved officially into my “putz” category.

I got a few bridges to sell… interested?

The “Pain” has just begun with the Currency, Unemployment approaching double digits, the Bush Tax Cuts going away and this gem that is Not Going Away…

Bank of America starts thaw in foreclosure freeze

http://news.yahoo.com/s/ap/20101018/ap_on_bi_ge/us_bank_of_america_foreclosures

WASHINGTON – The pace of U.S. home foreclosures may not slow much after all.

Bank of America said Monday that it plans to resume seizing more than 100,000 homes in 23 states next week. It said it has a legal right to foreclose despite accusations that documents used in the process were flawed.

Other major lenders have yet to say whether they will follow suit and resume foreclosures in the 23 states that require a judge’s approval. But analysts said they expect the move by the nation’s biggest bank will mean other lenders will proceed with a wave of foreclosures that have depressed the housing market.

Banking analyst Nancy Bush of NAB Research said other lenders are likely to follow because foreclosure practices were similar from bank to bank.

So Greg, keep smokin that stuff…

GM 2010 US Sales as of this minute are:

Buick has 142,354

Cadillac has 131,132

Chevy has 1,466,229

GMC has 287,833

Chrysler was bailed out, too.

Chrysler has 197,427

Ford was NOT bailed out.

Ford has 1,626,187

All the rest are here.

Add this to the list of things that Greg seems to find real peachy.

Breaking the Bank: Closures Keep Climbing in 2010

http://www.dailyfinance.com/story/insurance/2010-bank-closures-failures/19561975/

‘Problem’ banks in the hundreds

But the industry is hardly out of the woods yet. The FDIC lists 775 banks as “problem” institutions, defined as banks that may be in jeopardy of failing, compared to only 48 in 2006, prior to the housing plunge. Most problem banks don’t end up shutting down, the FDIC notes. Still, the higher number could signal more failures to come.

Florida, which has been hit hard by the housing market crash, has been home to 16 closures this year, the highest number in the country. Illinois isn’t far behind with 12 failed banks. And earlier this month, Mississippi had its first bank closure in the past 10 years.

This week, the FDIC reported six bank closings, including three in Florida. The most recent closure was Mainstreet Savings Bank in Hastings, Mich., which reported $97.4 million in total assets and $63.7 million in total deposits. Commercial Bank in Alma, Mich has agreed to take over all of Mainstreet’s deposits.

Ideal Federal Savings Bank, a 90-year-old family-owned bank in Baltimore, Md., fared worse when it was shuttered by the FDIC earlier this month. The bank specialized in providing mortgages to minority home buyers, and no other bank is taking over its assets.

See full article from DailyFinance: http://srph.it/9J6gzp

Bank Failures in Brief 2010

http://www.fdic.gov/bank/historical/bank/index.html

Now Who pays for this? The US Treasury, You, the Taxpayer.

http://www.usdebtclock.org/

You know, I am beginning to think this president is not ready for prime time!

DK: Wow, whoopee doo. You are a minority. Let’s see, would that be a black person. A Mexican. A Vietnamese? A Muslim. Lots of minorities out there. Perhaps a conservtive white woman. Now that’s a downtrodden minority if I ever saw one. DK, hang on to your minority status with all your grit and play that card for all it’s worth. For goodness sakes. Now, I am going to guess that you are probably BLACK. Ahem. I do hope that you wear the color of your skin proudly and loudly. After all, it is such a big ticket item lately. Black is POWER, ya know. Black lets you get to talk rudely and crudely and no one gets to correct you. It also allows you to vote for Barack Obama because of the color of his skin not because he is totally incompetent. Black lets you cling to your plantation mentality forever and ever because it is an entitlement by birthright.

For the record, I am not bitching and whining little one. So, hop off your soap box and quit lecturing us as if we are all simpletons. I don’t like looking up at the hair in your nostrils you arrogant snot. I, your resident genius know exactly how to create jobs and turn the economy around without bleeding the taxpayers to death and certainly you do not. Since you have a job and are NOT an entrepreneur you are the one who is clueless. I salute your ability to fetch yourself a job as an engineer. Good show. Now, kindly shut the “f” up while the rest of us figure out how to create new businesses so that numbnuts like you can get jobs. Anyone ultimately can get hired. It takes a true “visionary” to create new products, services and businesses so that our economy can explode.

Now, DK. Please do not attempt to reply. I DO NOT allow rebuttals. I simply assert my Immensely Huge Brain here and there . My Critical Mind is the Shrine to my intellectual superiority over liberals.

Same Old Song and Dance

Tim Hawkins – The Government Can

OLD TROOPER 2: hi, good tub thank you. bye

Ummm greg, you ignorant sl*t, it has been proven tax cuts don’t increase the deficit. In fact, it was proven in this very thread! You failed to rebutt ANY of it to boot. You are only proving that liberals are mentally ill with your posts.

Let’s look at your source while we are at it. Oh, what a shock!

http://en.wikipedia.org/wiki/Robert_Schlesinger

“Robert Schlesinger is opinion editor at U.S. News and World Report, a liberal blogger on Thomas Jefferson Street and the Huffington Post, and writes a biweekly column for U.S. News….”

Way to pick a credible source. Buwahahahahaha!

No doubt some would be happier with GM dead and gone, and vultures circling the corpse. Unfortunately, you just can’t please everybody.

A town saved by stimulus

@ ilovebeeswarzone, Nothing but the best but it is tough to paint a smiley face on that.

Greg, we have already explained to you ad naseum that GM would not be gone. They would have shed the union parasites and come back stronger.
Seriously, are you mentally handicapped? You must be to keep throwing our the same disproven talking points over and over again as if they had never been mentioned.

GREG: on53, yes but we can more depend on THIS here party to FOLLOW the law of the CONSTITUTION,
and KEEP AMERICANS safe, and restore their PRIDE ,AND set up a way to close THE sickening BORDER, AND preserve the FREEDOM of the AMERICANS to promote WEALTH in this BEAUTIFUL AMERICA through ALL the UNITED STATES without having those multiple GOVERNMENT AGENCYS
TRYING to cut their gains, by harassing them into dumb reprisal which is
an infringing way of sending BUSINESSES away instead of making them feel the support of a GOVERNMENT for all the good will people.

@ #66:

The “union parasites” being the people who actually build the company’s products, apparently…

The Fix Is In! Rep. Barney Frank Delays Local GM Plant Closure

http://www.thetruthaboutcars.com/2009/06/the-fix-is-in-rep-barney-frank-delays-local-plant-closure/

You, TTAC’s Best and Brightest, knew it was going to happen: that unfortunate intersection of business and politics, where the taxpayer-supported GM would be forced by its new masters to place the latter ahead of the former. In other words, brain dead zombies are easily led. The Hill reports that Massachusetts Congressional Representative Barney Frank has “convinced” GM to keep a parts operation in his district open for business. “Frank’s staff said the lawmaker spokes with GM CEO Fritz Henderson on Wednesday and convinced him to keep the Norton, Mass., plant open for at least 14 months.”

“I greatly appreciate General Motors’ willingness to take into consideration the wider needs of the company and especially the community,” Frank said in a statement. “Keeping the facility open for this extra time gives workers a chance to look at other opportunities, while at the same time continuing to provide for their families.”

Need we (and the Hill) point out that Barney is chairman of the House Financial Services Committee? You know, the pols that oversee the government’s bailout program, under which GM has received $50 billion? No, I didn’t think so. [Thanks to lw for the link.]

This reminds me of military base closings in the 90s. Everyone was so supportive of The Peace Dividend and getting rid of military institutions so we could have more money to spend. But no one wanted a base closed in THEIR district. Now we are going to see factories kept open to make door hinges, rakes, whatever so that our elected representatives can stay in office.

How about we just give the damn politicians a billion dollars to step down and go away? A billion each might seem like a lot but considering how much money 535 people can spend in a year it’s a bargain really.

Barney is really entertaining. It’s hard to believe he has this much power. We deserve better, in fact we should hold special elections for these Chairs, not let them go to senior members or favorites of the leaders in each house.

But since they are taking over manufacturing and health care I think the days of self determination are coming to an end.

Really though, Frank is the worst example of a political whore in Washington, right on the level of Tom DeLay a few years back.

All to support the UAW Bosses that throw a lot of Cash at Democrats.

Hm. Actually,Obama plans to sell the government’s (our stock interest in GM) to China. That will be used to pay down our national debt. Now..let me see, America borrowed money to give to Obama’s union cronies, taxpayers stock was devalued and retirees pension funds were stripped naked by the bankruptcy of GM. Then that stock was partially given to the AFL-CIO, the rest is being held by the Feds. If the Feds then sell the stock to China, all of the cars are made in China and shipped back to the U.S. the union workers are screwed and Obama tells American Citizens that we will use the Pension Trust to pay the pensions of all the laid off union workers. Anyone else ready to get really screwed by a big black dick?

Marti, that look like a skeam directly from the mafia world,
bye

@Greg: No doubt some would be happier with GM dead and gone, and vultures circling the corpse. Unfortunately, you just can’t please everybody.

Greg, what was the purpose of throwing the US taxpayer into auto manuf ownership? Not to mention being on the hook for the unfunded pensions…. and usurping bankrupcty laws and screwing the bond holders to appease the unions

Was it to save one of America’s big three? Or was it to enable China and the unions?

Have you a clue as to the act, what it cost the US tax payer? And did it accomplish the stated end goal?

Please… redeem yourself from your prior faux pas. Otherwise, “useful idiot” suits you well.

ilovebeeswarm:

Marti, that look like a skeam directly from the mafia world,
bye

Under Rules for Radicals, the Means Justify the Ends. Gotta be winner and losers. In Obama’s world, the people are always the losers. Got that Greg. Union workers are fools. Damn fools.

How do you spell Dumb Kaughf again?

I think someone posting on this thread works for the government since they care nothing about tax revenue or what it might mean.

@ MataHarley, #72:

“Greg, what was the purpose of throwing the US taxpayer into auto manuf ownership?”

I believe it was estimated that nearly 1 million American jobs are either directly or indirectly dependent on the continuing operations of GM. Loss of those likely wouldn’t have been good for an already flagging economy. It would have put additional strain on already-stressed federal programs, and on community and state budgets already stressed to the breaking point. After recovery, we would likely have seen a significant portion of the national demand for new trucks and automobiles filled by foreign competitors, which would have perpetuated the economic damages well on into the future.

Sometimes it’s better to do things that you’d really rather not. Out of necessity, there’s been quite a lot of that recently.

(“GSH” would be Greg, btw. Sorry for that unintended inconsistency.)

In order to find out who Obama really is, we have to fire him first.

@GSH:

Why the new screen name Greg?

Was the old one toasted or something?

@ GSH, yup. So I reckon that I can sit in on the next board meeting then? Or be present to negotiate the next Union Contract since the next three or four generations of my offspring will be paying on the debt for this nonsense, which by the way is not covered by any Constitutional Mandate to interfere with the Private Sector in this fashion or support underfunded pension plans or underfunded benefits for those that retired from that industry? Sounds like buying Union Votes to me.

I raise beef cattle, employ directly over 30 folks and am not Government Subsidized. How big a Safety Net is sustainable on the back of the Taxpayer?

No business is too big to fail.

@ Aye Chihuahua, did someone change their SOCKS without washing their feet?

😡

@GSH… aka “Greg”: I believe it was estimated that nearly 1 million American jobs are either directly or indirectly dependent on the continuing operations of GM.

I see. So now it’s tasked to the taxpayer to bail out every business that employs people directly, or indirectly, who is going to fail?

Hey it’s your future, bozo. I suggest you learn to pick wisely. DOH! What businesses warrant taxpayer attention over those that don’t?

@GSH: Why the new screen name Greg? Was the old one toasted or something?

I inadvertently used my initials. My usual FA nick isn’t toast, although I realize my reputation around here might be.

Naw… not “toast”, Greg, aka GSH. Just “putz”. 😉

Nah Mata; he had it right.

@ MataHarley, #82:

“Hey it’s your future, bozo. I suggest you learn to pick wisely. DOH! What businesses warrant taxpayer attention over those that don’t?”

The fact that I understand and agree with the thinking behind the GM bailout doesn’t mean that it sits well with me philosophically. I saw it as a reasonable emergency response to a crisis situation.

Unfortunately, the American auto industry is in direct competition with foreign producers that are heavily subsidized by their own governments. Japanese producers, for example, don’t bear the costs of employee health care. Employee training and product R&D are heavily subsidized by the Japanese government. Should we have simply let a major component of our domestic auto industry go, along with a lot of other businesses and jobs reliant upon it, and then watched the void be filled during economic recovery with a new wave of foreign products?

@Greg: The fact that I understand and agree with the thinking behind the GM bailout doesn’t mean that it sits well with me philosophically

Well I’m glad to hear that it gnaws at your philosophical craw, Greg. We’ll now move you up to putz in training? 😉

Now.. one more time. Where’s the dividing line, Greg? What businesses warrant your deviation from comfort?

Toyoto employs more than GM. They also provide health insurance. Should we let them fail if the WH admin manages to drive them out of business? (fat chance… great product…) They do have an “American” corporate presence, tho foreign in origin.

So where’s that line in the sand for you, Greg? Draw it out for us. What companies are you willing to put the taxpayer on the line to bail out, and which ones no?

Oh, Greg… forgot to ask. Not only do I want to know what companies you are willing to allow the taxpayers to be responsible for, I want to know why you choose them.

And who, if not you, gets to make that decision of who is worthy, and who is not?

And do you feel that is part of either the Admin or Legislative branch’s constitutional powers?

It took from 1776, when the United States became an independent country, until 1990, the year after the Berlin Wall fell signaling victory in the Cold War, for the federal government to accumulate a total of $3 trillion in debt, according to the Treasury Department.

It only took from Jan. 20, 2009, the day President Barack Obama was inaugurated, until Oct. 15, 2010, for the Obama administration to add $3 trillion to the federal debt.

The overall debt of the federal government, according to the Treasury Department, is now $13.666 trillion.

I just happen to feel that at this rate any further irresponsible and Un-Constitutional spending of Tax Dollars is just not warranted for Bailouts or Programs that benefit the few at the expense of the many.

, #87:

I don’t really know where to draw a line in the sand. I would say that none of the bailout measures taken since it all began hitting the fan in 2008 should be guidelines for the future. I drop them all into the desperate times/desperate measures category.

I’ll leave a link to an article by one Ross Eisenbrey, generally supportive of the GM bailout. The points he makes are convincing to me, at least.

Setting the record straight on GM

MataHarley:

And BTW… next time you want to wander in and play blanket insult, either get to know the community, or be prepared to face the reality that the internet is not quite as “anonymous” as you think.

Honey chile, you flick my bitch. I just love your style. A thoroughly enjoyable read and a five star read. My compliments lady. I do so enjoy a lively butt kicking from a woman of a certain age. Touche and away. Keep on rockin!

Greg: please do not leave. Torturing you is such great pleasure.

I enjoy reading Greg reruns. He always recycles the same unsupported statements just like a chatty Kathy doll. Just pull the ring and there he goes. I enjoy sending his posts to my friends so they can see just how far the educational system has failed!

I think we should never have bailed GM out. Sorry. It was then and still is a piece of crap. What do we have to show for our $60 billion plus dollars? GM cars that look like Chryslers that look like Chevys. Fords that look better than Chryslers or GM cars, run better and sell better. Consumers who do not want to purchase GM or Chrysler products because they do not trust that they will be able to get service and/or parts 3 years down the road. Then we got the Chevy Volt which is an overpriced hybrid at $41,000. The gasoline model sells for $17,000. What kind of fool would pay an extra $24,000 for the Volt to save $9,000 over the life of the car in gasoline? Would you Greg?

Thanks to Barack Obama and Eric Holder we live in a nation where the rule of law has been thrown out the window. Black Panthers can, at will, take billy clubs to the polls and intimidate white voters without fear of the legal raminifcation. Corporations and businesses will not invest in the USA when the rule of law is being publicly thwarted by an administration who consistently violates it. When the congress of the United States oversteps the the 10th amendment and tells Citizens what they must purchase and that if they do not they will have their property seized confidence in the government is forever lost. Businesses do not continue to grow in this environment. GM will fail. Period. This nation does not have enough money to sustain such a parasite. Obama bought it for us and after a couple of years of overpaying stupid union employees $75.00 an hour it will still collapse. In the end they the crappy union employees will lose their jobs. They will lose their pensions. They will lose their healthcare. They will lose their homes. They will be homeless and jobless. They are parisites on the economy and keeping them in jobs is unsustainable for the working class. There is simply not enough money that can be squeezed out of the public sector even at a tax rate of 100% to pay for this ignorance and stupidity. So, Greg, enjoy your job while you can. I suggest that you plant a garden. Buy a tent. Trim your nose hairs and get some survival food champ. I myself am too old to give a damn. You on the other hand are young and this is your piece of crap to deal with. So I really don’t care what happens to you. I do care what happens to my grandchildren. But, their grandfather has a survival plan in place, 545 acres, cattle, fish, guns, guns, guns, guns, guns. God how I love guns. Big ones. Small ones. Black ones. Silver ones. Capeche?

Marti: Then we got the Chevy Volt which is an overpriced hybrid at $41,000. The gasoline model sells for $17,000. What kind of fool would pay an extra $24,000 for the Volt to save $9,000 over the life of the car in gasoline? Would you Greg?

Yo, Marti… did you factor in the plug in/electric bills too? :0) And thanks for doing the math that so many are either unable, or reticent, to do when it comes down to purchasing “fuel efficient vehicles” vs lifespan.

Nice to have you around FA. We ol farts are an endangered species these days, ya know. Don’t be a stranger!

MataHarley:

Yo, Marti… did you factor in the plug in/electric bills too? :0) And thanks for doing the math that so many are either unable, or reticent, to do when it comes down to purchasing “fuel efficient vehicles” vs lifespan.

No. I stopped at the gasoline. It’s too time consuming to try to calculate the gasoline based on the future price point of a BBL of oil in 2014. I calculated a increase of 92 cents per gallon spread over the 3 year period adjusted for the decline in value of the dollar which means the price may actually go higher but the dollar will devalue. My big giant brain can only do so much in 15 minutes. Greg, on the other hand, has to try to function on about 4 neurons and that is why he stops at being a democrat and is stuck on stupid. We brilliant people with giant brains have to explain simple things like this to stupid people democrats and people like Obama who are so arrogant and unwilling to deal with cold hard facts. Don’t get me going on climate change. That math is a real bitch.

Greg also needs to know that I automatically delete 20 points for college educated nerds. 30 points for graduates of state funded schools and 50 points off for Ivy League schools. Self educated and home schooled intelligencia start with a 110 points and go up there depending on evaluation. Having read Ayn Rand’s Atlas Shrugged is an automatic 10 point plus. This is the grading system. And you are enjoying a 110 point starting score.

@ Marti,

What has also been ignored by the Obama crowd in the promotion of Electric cars is the Dollar cost, and Environmental cost, of dealing with the millions of batteries that have a shorter lifespan than an internal combustion engine.

Your tax money is being used in the form of grants to boost capacity of rare recycling facilities such as Toxco, to include lithium-ion batteries. Lead-acid and nickel-metal hydride batteries presently dominating, will eventually be dinosaurs, but still, what do you do with them?

Obama multi-billion stimulus money to fund manufacturing and development of domestic battery production will have a tough road to grind, and the end of their limited lives, these lithium batteries will have difficulty finding a final resting place since there is no “market,” for lithium. Entrepreneurs won’t stray into the game if there’s no profit. Taxpayers will have to continue footing the recycling bill with continuing grants. . . . That’s on top of funding unprofitable electric car & battery manufacturers.

The demand for electric, even hybrid, vehicles is a forced concept being pushed on the pretext of reducing dependence on foreign oil. It is being taxpayer funded at a time when the economy and unemployment should be a priority, and government spending should be curtailed drastically.

The battery technology isn’t anywhere near ready to replace the millions of gasoline engines being sold currently. It is likely that practical solutions are still many years out, and concerns such as the impact of ambient temperature on these batteries will take time to solve.

Meanwhile, foreign oil dependence can be solved by allowing drilling in proven National reserves.

@ Marti, #94:

The average pay rate for a union GM line worker is actually $29.49 per hour, according to GM company spokesman Tony Sapienza.

The misleading $75 per hour figure that anti-labor types love to cite is derived by adding all of GM’s current labor-related costs, including the cost of family health care benefits, and then inflating that even further by adding in the total cost of healthcare benefits for former employees who are already retired. Once they’ve got that number, they divide it by the total of current employees to get an hourly figure.

In other words, as a statement of the average union auto industry worker’s hourly pay, it’s total bullshit.

Presumably those who wish to get rid of Social Security, Medicare, and employee benefits such as retirement plans believe that $29.49 per hour is more than sufficient to support a worker’s family, provide for their health care needs, educate the kids, and still put away a sufficient amount to live on and pay for health care throughout one’s retirement years. I hope they’re correct, because that’s considerably above the average manufacturing production worker’s wage, which is now around $17.91 per hour.

Greg you dummy, were past employees ever employees? Yes? Labor costs are everything that a company is required to pay that is a result of hiring anyone. If GM hires an employee and pays them an hourly rate of $10/hr, the cost of unemployment compensation, current health care, future healthcare, Social Security, retirement benis and a good deal more cost GM and most other Union shops about $20-$30 more per employee. Just because a cost doesn’t end up in the pay check now doesn’t mean it isn’t a beni to the worker! If you ever made a payroll, you would understand this! Where do you think all the benefits come from for union workers, the Easter Bunny?

Subject: Do Japanese autoworkers make more than American autoworkers?

http://www.strategypage.com/militaryforums/89-63605.aspx

At Nissan Japan, they make about $24 an hour:

(Quote)
“The union negotiates annual raises, but each worker can haggle for individual performance-based raises at Nissan. Averaging $2,870 a month with an additional $17,200 average bonus a year, Nissan workers make way over the nation’s overall average of $2,260 per monthly paycheck. Workers with special skills like Kanazawa make more.

Union talks earlier this year added an average $54 to the monthly paycheck. Nissan covers 80 percent of workers’ medical bills, entitles workers to 20 vacation days, and adds up to $49 in extra compensation a month for dangerous and skilled jobs.”
(Unquote)

Detroit’s labor problems have to do not only with overly high benefits and work rules that reduce productivity and add cost, it’s also got to do with grass cutters being defined as (and paid like) autoworkers:

(Quote)
“Take grass cutting. As defined by the current United Auto Worker contract negotiated with the “Big Five” (GM, Ford, Chrysler, and top parts makers Delphi and Visteon), an auto “production worker” is a job description that covers anything from mowing grass to cleaning the toilets. In the real world, these jobs would be outsourced to $8 an hour, no-benefit wage earners, but on Planet Big Five, these jobs get the same wages as any auto line-worker: an average $26 an hour ($60,000 a year) plus benefits that bring the company’s total cost per worker to a staggering $65 an hour.

But at least the grass cutters are working for their pay. The UAW contract also guarantees that 12,000 autoworkers get full wage for doing nothing. On the heels of Miller’s straight-talk, the Detroit News reported that “12,000 American autoworkers, instead of bending sheet metal, spend their days counting the hours in a jobs bank.” These aren’t jobs. And they certainly aren’t being “lost” to China.

“We just go in (to Ford’s Michigan Truck Plant) and play crossword puzzles, watch videos that someone brings in or read the newspaper,” The News quoted one UAW worker as saying. “Otherwise, I’ve just sat.”

For Delphi, this idled labor cost $400 million in the second quarter of this year alone. Facing similar numbers until the contract’s end in 2007, Delphi took refuge in bankruptcy. “The jobs bank must be eliminated,” says Miller. “Paying people not to work is just not sustainable.”

As the auto companies have increased productivity through automation, the UAW calculated that jobs banks would make it too expensive for automakers to close plants and lay off workers. While that plan has worked, it has severely damaged the long-term viability of the industry ? and by extension, future job creation. It also led to this week’s GM bloodbath, as the company struggles to close a wage gap with American internationals (foreign automakers manufacturing in the U.S.) that now stands at $1319 per vehicle produced.”
(Unquote)

Because Detroit spends more on labor than Japan, and has to sell for lower base prices, the difference shows up somewhere. That somewhere is lower quality parts that break a lot faster. You don’t always get what you pay for, but you never get what you don’t pay for. And when you buy a Detroit car, you are not paying for quality – you are paying for grass cutters and janitors to get auto worker wages.

Think of this the next time you drive a Detroit car and it breaks on you. It’s got nothing to do with bad luck and everything to do with Detroit’s corner cutting to make up for its high cost labor force. Replacing parts won’t help, since Detroit’s partsmakers operate under the same UAW rules that resulted in substandard parts (via corner-cutting to remain price-competitive with Japanese makes) in the first place. I am certain that Detroit could make a high quality sub-compact car for $25,000. But foreign makes are selling them for $15,000.

@Old Trooper 2:

Ding, ding, ding! Congratulations on post 100 and what an eye opener! My old neighbor and his wife were Chrysler employees, both took the buyout, got two $25,000 coupons towards new cars that they also got to green sheet. Prior to getting out while the getting was good, they enjoyed six weeks of vacation per year in addition to 95% of their pay during the weeks of retooling shut down. That averaged about 3 weeks per summer and when Chrysler changed models it could last for months.

Welcome back Mata! Absence makes the heart grow fonder, just try not to be away so long again, please?

And, welcome Marti! You are such a nice addition to the FA family!

OLD TROOPER 2: yes congratulation on your 100, you hit it without effort,
well I will watch the next one, to be 200. bye

MISSY I guess you where eying it too, when OT sweept it under you,
at the last second. bye

@ilovebeeswarzone:

No, just happened to notice, been out of town and am just trying to catch up on comments. You all have been so busy, learned lots this morning. Now, out the gardens, almost done closing up then come the leaves. 🙁

Almost forgot. Have you seen this one?

http://gatewaypundit.firstthings.com/wp-content/uploads/2010/10/wild-obama-2.jpg

MISSY, the leaves provide a good winter protection for your garden,
I’m not so tidy as you; I have to mention the white LAVATERAS flowers that are still blooming,
in the cold days we begin to have,they are very fussy to start but I succeded this year on past years seeds, and transplant the 3 that made it, IT ‘s a real show now, while the others are gone.
they also come in pink.
good day, BTW am I following the topic of the POST?, YES just for this one. bye
those flowers are like CONSERVATIVES, beautiful and smart, they know how to COPE with NATURE fluctuations and survive without hurting the other plants
and getting depress. how did I do.?