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Thread: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

  1. #191
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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    For those who were opposed to allowing the U.S. auto industry to fail:

    This is one of those days the US auto industry should savor.

    Just two years after being bailed out by the US government, General Motors is announcing today that it will spend $2 billion to add approximately 4,200 jobs at 18 plants in eight states.

    This follows a horrific decade of closing dozens of plants and slashing hundreds of thousands of jobs.

    The investment is a welcome shot in the arm for US manufacturing. But this is about more than just adding jobs. It's about re-tooling to make GM more competitive.

    Some of the money will go into next generation power trains built in plants like the GM facility in Toledo, Ohio. Some of it will go into GM final assembly plants in Arlington, Texas, Kansas City, Kansas and elsewhere. You get the point, GM is gearing up for the next generation of cars and trucks.

    This will inevitably lead to questions about whether GM is leading a renaissance in the US auto industry. After all, Ford and Chrysler have also announced they are adding thousands jobs and sinking hundreds of millions of dollars into their plants. Renaissance might be a bit strong.

    But make no mistake: the Big Three are taking the next step in a revival for Detroit that should continue for the foreseeable future.

    GM, Ford and Chrysler are all profitable and expect to stay profitable. And they are putting out perhaps the best cars and trucks they've ever built. Their quality, styling and fuel economy are all improving. That will keep buyers coming back to the showroom and give Detroit's automakers the momentum to grow their business.
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    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by j-mac View Post
    You, as usual fail to answer the question. Look Randel, as I have explained many times to you, growing up in Lansing MI, I had many, many friends that were UAW members, and worked in a varity of different businesses associated with GM and auto industry itself. And I also had some that were running profitable Mom, and Pop stores that relied on GM to be working. When strikes would happen, it purposely hurt these small businesses, but do you really think that the Union cared on wit about them? Other than to use them as leverage to get more and more consession from GM, and as propaganda fodder, No, no they didn't.

    Now look at the area, and it is repeated all over, in Ohio, in Indiana, in Baltimore MD. GM GONE to produce in other countries like Mexico, and you can thank your greedy, child like union members that couldn't see that they were not only killing the golden goose, but the states and communities they lived in as well.

    Thanks for your participation in that destruction.
    With the euro/dollar and yen/dollar ratios, their ultra competitive cost structure and billions of dollars in net earnings, GM will continue to do extremely well for the foreseeable future. You cannot deny this; it is a net positive for Detroit.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  3. #193
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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by Goldenboy219 View Post
    For those who were opposed to allowing the U.S. auto industry to fail:



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    That is good news if the report is valid plan, and not just pipe dream. I do however, question the part where they claim that they are adding "new" jobs. Does this mean that GM has brought back any and all employees that might have been laid off? They get first crack at those positions.

    So, net, this may not be as strong as reported, although I hope it is.

    j-mac
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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by j-mac View Post
    You, as usual fail to answer the question. Look Randel, as I have explained many times to you, growing up in Lansing MI, I had many, many friends that were UAW members, and worked in a varity of different businesses associated with GM and auto industry itself. And I also had some that were running profitable Mom, and Pop stores that relied on GM to be working. When strikes would happen, it purposely hurt these small businesses, but do you really think that the Union cared on wit about them? Other than to use them as leverage to get more and more consession from GM, and as propaganda fodder, No, no they didn't.

    Now look at the area, and it is repeated all over, in Ohio, in Indiana, in Baltimore MD. GM GONE to produce in other countries like Mexico, and you can thank your greedy, child like union members that couldn't see that they were not only killing the golden goose, but the states and communities they lived in as well.

    Thanks for your participation in that destruction.


    j-mac
    as usual, talking out your arse, not talking about strikes, or your personal feelings about unions, or your second hand storys...what would have been the economic impact if those jobs had been lost?.... that was my point, and apparently, conservative would be happy to see the economic devastation, to see alot of NON-union people out of work, which would have resulted from the loss of the UNION jobs, as long as he could see the unions weakened. now if you wish to discuss this economic impact, i'll be more than happy to entertain you, but i don't give a rat's arse about your personal stories, or your personal views on unions, if has been established long ago that you are anti-union.

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by randel View Post
    as usual, talking out your arse, not talking about strikes, or your personal feelings about unions, or your second hand storys...what would have been the economic impact if those jobs had been lost?.... that was my point, and apparently, conservative would be happy to see the economic devastation, to see alot of NON-union people out of work, which would have resulted from the loss of the UNION jobs, as long as he could see the unions weakened. now if you wish to discuss this economic impact, i'll be more than happy to entertain you, but i don't give a rat's arse about your personal stories, or your personal views on unions, if has been established long ago that you are anti-union.
    Talking out of my arse? I don't think so. And those jobs were destroyed by Greed that forced GM to close Flint, close plants in Detroit, Charlotte, Lansing, Baltimore, and others across the land, in favor of moving them to Mexico. And that greed that I speak of was within the unions pervue to mitigate, and they refused.

    Economic impact is that the union killed not only the jobs that they thuggishly over saw in these plants, but do to their indifference for those other feeder industries, and shops, they killed them as well. live up to it, own it. You'll feel better.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by j-mac View Post
    So, net, this may not be as strong as reported, although I hope it is.
    You have no reason suggest this other than a vested interest to watch the economy under-preform for partisan gain.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by j-mac View Post
    Talking out of my arse? I don't think so. And those jobs were destroyed by Greed that forced GM to close Flint, close plants in Detroit, Charlotte, Lansing, Baltimore, and others across the land, in favor of moving them to Mexico. And that greed that I speak of was within the unions pervue to mitigate, and they refused.

    Economic impact is that the union killed not only the jobs that they thuggishly over saw in these plants, but do to their indifference for those other feeder industries, and shops, they killed them as well. live up to it, own it. You'll feel better.

    j-mac
    As innovations in technology and robotics are implemented in the business model, companies will almost always become less dependent on labor. There is no reason to pay someone $100 per day to perform a task paying someone in China making $10 per day can do with equal productivity.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by Goldenboy219 View Post
    You have no reason suggest this other than a vested interest to watch the economy under-preform for partisan gain.

    Not at all, I just don't see anything in your cnbc article that suggests that this is anything but what they would like to see happen right now. It certianly isn't written in stone that this will happen. But, as I said I would like to see it so.

    The only reason to resopond in the fashion you did was to argue. So, we will have to wait and see if this transpires won't we?

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by Goldenboy219 View Post
    As innovations in technology and robotics are implemented in the business model, companies will almost always become less dependent on labor. There is no reason to pay someone $100 per day to perform a task paying someone in China making $10 per day can do with equal productivity.

    Oh, but wait...Isn't that Union busting? Don't those UAW members own their jobs?

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    GM to Invest $2B in 17 U.S. Plants



    GM to Invest $2B in 17 U.S. Plants - FoxBusiness.com


    projected to preserve or create 4000 jobs in 8 states...excellent news

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