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

Conservative said:
You have no idea if the jobs would have been lost. How many jobs did United Airlines lose by declaring bankruptcy? How about Delta Airlines? Your precious unions have been saved at taxpayer expense. Wonder why Ford didn't need a bailout and a takeover by the govt. Ask your union stewards why Ford is still privately owned and unionized? Perhaps you should stop posting and do some research or have your union buddies do it for you as that is what you do best, get others to do what you should do yourself. One of these days you are going to look back and wonder what happened to your life being a wage slave and rising to head wrench operator on the assembly line.
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Ford took out a mortgage on every piece of property it owned, providing it with massive lines of credit that it could use during the economic crisis to continue to operate. GM and Chrysler did not due that. As such when the economic crisis Ford had access to large amounts of debt financing, while GM did not. During the economic crisis finding anyone willing to loan such large amounts of money was extremely difficult. For example Goldman had to get Buffet invest around 9 billion in prefered shares that had a very decent yield, so did GE and Harley Davidson.

GM during the economic crisis was not going to find anyone but the Chinese willing to lend it the amount of money it needed.
 
Lord Tammerlain said:
Ford took out a mortgage on every piece of property it owned, providing it with massive lines of credit that it could use during the economic crisis to continue to operate. GM and Chrysler did not due that. As such when the economic crisis Ford had access to large amounts of debt financing, while GM did not. During the economic crisis finding anyone willing to loan such large amounts of money was extremely difficult. For example Goldman had to get Buffet invest around 9 billion in prefered shares that had a very decent yield, so did GE and Harley Davidson.

GM during the economic crisis was not going to find anyone but the Chinese willing to lend it the amount of money it needed.
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Right and that is what private business normally does instead of going to the taxpayer for a bailout. Ford is doing quite well and better than GM/Chrysler. Ford won't cost the taxpayer a dime. GM took loans from the govt. prior to the taxpayer taking majority ownership in the company. That was done by Bush so GM did get money from the taxpayers on top of the takeover.
 
liblady said:
sorry, not yours. you did say your information was in line with conservative's though, and conservative's information DOES NOT state that all funds have been paid back, because they have not. we are realizing a profit because banks and other entities are paying us interest.
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His information was basically correct, as well what I posted. Last I heard, more than 75% of the TARP money loaned to banks had been paid back with interest. Citi is the only large bank that is behind on its payments and it has given the feds equity stock.
 
Gill said:
His information was basically correct, as well what I posted. Last I heard, more than 75% of the TARP money loaned to banks had been paid back with interest. Citi is the only large bank that is behind on its payments and it has given the feds equity stock.
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So as indicated 75% of TARP has been repaid with interest there would be a profit to the taxpayer and since the money was released and spent in fiscal year 2009 shouldn't the repayment have gone to reduce the deficit by repaying the taxpayers? Where did the money go?
 
Conservative said:
So as indicated 75% of TARP has been repaid with interest there would be a profit to the taxpayer and since the money was released and spent in fiscal year 2009 shouldn't the repayment have gone to reduce the deficit by repaying the taxpayers? Where did the money go?
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Good question. Based on the history of this bunch, probably in the pockets of supporters like the SEIU.
 
randel said:
good lord, again, showing how little you know about the economy...i know i have explained to you SEVERAL TIMES what would have happened if all those jobs were lost..union members were not the only ones that would have been screwed...perhaps you should take a few economic classes.
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Yes. It'd look alot like Flint, Lansing, or Charlotte wouldn't it? How did the Union help those out of work folks hmmmmm?


j-mac
 
j-mac said:
Yes. It'd look alot like Flint, Lansing, or Charlotte wouldn't it? How did the Union help those out of work folks hmmmmm?


j-mac
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Detroit looks like a city in Libya, thanks unions!
 
Conservative said:
Detroit looks like a city in Libya, thanks unions!
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There is one shinny building still there last time I rolled up I75 into the city. Can we guess which one? That's right Big 'ol UAW on top of the building.


j-mac
 
j-mac said:
There is one shinny building still there last time I rolled up I75 into the city. Can we guess which one? That's right Big 'ol UAW on top of the building.


j-mac
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It really is a shame seeing a U.S. City in the condition that it is with no one else to blame but Unions and the entitlement mentality. Detroit hasn't had a GOP Mayor since 1962 and the unions have run GM into the ground and the city of Detroit which has lost 25% of its population and is now a war zone. The unemployment rate in this bastion of liberalism is in the 20's and yet the cult followers are calling for more. Seems to me that the cult followers are true believers in a large central govt. and entitlement state. That is contrary to the Founders vision. We need to stop giving those cult followers the benefit of doubt and believe we all have the same values. We definitely don't and they are who I was afraid they were, leftwing radicals who wants to destroy the foundation upon which this country was built.
 
Conservative said:
It really is a shame seeing a U.S. City in the condition that it is with no one else to blame but Unions and the entitlement mentality. Detroit hasn't had a GOP Mayor since 1962 and the unions have run GM into the ground and the city of Detroit which has lost 25% of its population and is now a war zone. The unemployment rate in this bastion of liberalism is in the 20's and yet the cult followers are calling for more. Seems to me that the cult followers are true believers in a large central govt. and entitlement state. That is contrary to the Founders vision. We need to stop giving those cult followers the benefit of doubt and believe we all have the same values. We definitely don't and they are who I was afraid they were, leftwing radicals who wants to destroy the foundation upon which this country was built.
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Absolutely! I grew up in Lansing, and love the state. If you can get over the long winters there it really is a beautiful place to be. I had to get out of there in the early 80s, writing on the wall I guess. Ah well.

j-mac
 
j-mac said:
Absolutely! I grew up in Lansing, and love the state. If you can get over the long winters there it really is a beautiful place to be. I had to get out of there in the early 80s, writing on the wall I guess. Ah well.

j-mac
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I grew up in Ohio and Indiana spending a lot of time in Michigan, going to the Dunes and Mackinac Island summer after summer. Love the state but not what has happened to it.
 
j-mac said:
Yes. It'd look alot like Flint, Lansing, or Charlotte wouldn't it? How did the Union help those out of work folks hmmmmm?


j-mac
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same thing to you, go to school and take a few economic courses...jobs lost would not have been limited to just union jobs...conservatives like to talk about things that 'trickle down' .....neither one of you understand squat about how the economy works.
 
randel said:
same thing to you, go to school and take a few economic courses...jobs lost would not have been limited to just union jobs...conservatives like to talk about things that 'trickle down' .....neither one of you understand squat about how the economy works.
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Yup, only libruls are smart enuf to lern them complikated thangs, rite ????
 
Gill said:
Yup, only libruls are smart enuf to lern them complikated thangs, rite ????
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probably should work on your spelling while you are taking those economic classes gill;)
 
randel said:
same thing to you, go to school and take a few economic courses...jobs lost would not have been limited to just union jobs...conservatives like to talk about things that 'trickle down' .....neither one of you understand squat about how the economy works.
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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
 
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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Source
 
j-mac said:
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.
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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.
 
Goldenboy219 said:
For those who were opposed to allowing the U.S. auto industry to fail:



Source
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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
 
j-mac said:
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
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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.
 
randel said:
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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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
 
j-mac said:
So, net, this may not be as strong as reported, although I hope it is.
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You have no reason suggest this other than a vested interest to watch the economy under-preform for partisan gain.
 
j-mac said:
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
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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.
 
Goldenboy219 said:
You have no reason suggest this other than a vested interest to watch the economy under-preform for partisan gain.
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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
 
Goldenboy219 said:
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.
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Oh, but wait...Isn't that Union busting? Don't those UAW members own their jobs?

j-mac
 
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