Posted on 09/16/2023 6:41:29 AM PDT by Kaiser8408a
The Big Three auto companies and the UAW are suffering under Bidenomics (code for massive green energy payoffs to large donors). As I pointed out yesterday, the auto industry suffered a large decline of -7.60% in Q2 as a result of rising car prices (going electric is EXPENSIVE) and increasing consumer debt to cope with Bidenomics.
So when we consider the UAW’s demands of $20 an hour hike in pay, you have to consider that under “Union Joe” gasoline prices are up 70%, and food CPI is up 20%. So a 20% pay hike won’t even cover the cost of commuting and will just cover the increased food costs.
The shortened work week to 32 hours? How European of the the UAW.
But perhaps they will have the extra time to travel to Paris France to eat some beef au poivre at Le Bistrot Paul Bert.
(Excerpt) Read more at confoundedinterest.net ...
The policies are insane by the Biden Administration.
On one had, they are kneecapping the oil and gas industry, making ICE cars more expensive to drive and doing all they can to promote EVs.
The Union Workers see the Big 3 automakers, concentrating on cars that don’t make money and cutting back on cars that do make money.
A prime example Ford, they make a ton of money on F-150s and SUVs, but keep pushing EVs which lose money to the tune of several billion this year.
This has the potential to be Very Very Funny to watch. Recall, Biden was known as the dumbest person in the Senate for like 40 years. Joey was ALWAYS on the wrong side of every issue. As a foreign policy expert he was ALWAYS wrong.
NOW, Joey is backing the Union. What are the odds Joey is on the Right Side This Time?? Bidenomics Screwed the union and now Joey’s support can have the SAME effect.
Another wage price inflation spiral… buckle up!
They are just bringing on more robots which means fewer jobs for their kids and grandkids.
All the taxes they get from Oil will move to Electricity and countries will come to a complete Stop
The straw to break the camel’s back will be the UAW’s irrational demands of increasing labor costs in an effort to keep up with inflation. That will be done without an increased productivity. Labor is not doing it’s part to kill inflation.
A combination of the following needs to occur to fix the economy:
1.) Labor needs to increase productivity so that any increases in wages offset any increases in price of the product they produce.
2.) The government needs to spend less, thus reducing the number of dollars in the economy, which are printed or borrowed due to massive ($2+ Trillion/year) deficit spending.
3.) Government needs to cut needless regulation, thus reducing costs to businesses.
4.) Green energy policies need to be scrapped so there is cheap energy, thus reducing costs to businesses and consumers.
5.) The Fed needs to quickly squeeze out inflation by a one time interest rate hike and then quickly return to historic average interest rates as soon as inflation has been eliminated.
6.) All of these need to be coordinated and done simultaneously. That ain’t happening and it won’t happen. Welcome to 1973. We are going to relive the decade plus a little more after 1973. Happy Groundhog Day!
Stupid chits don’t learn from the past.
NOW, Joey is backing the Union.
Almost all unions vote democrat they never learn lemmings.
My local gas station - the cheapest in town, just hit $5.49/gallon (in So Cal).
As Rush used to say: Keep you eye on the price of gas, when gas goes up, so does everything else!
Yet denizens of the state will continue to vote for the likes of Biden and Newsom.
Lowering the hours from 40 hours/week to 32 hours/week and paying them for 40 hours is equivalent to a 20% increase right off the bat.
So the unions use their dues to support the DemonicRats.
The DemonicRats create inflation and crush business.
The unions demand higher wages to combat inflation and taxes.
Higher wages means higher dues paid for by workers.
Repeat
If they are not making as much as they would like I guess the only answer is to shut down their industry so they can all be "retired" and start lawn services. Their argument about keeping up with inflation is an argument with the government, not with GM and Ford."
You’re right, keeping up with inflation is an issue with government, unfortunately Ford, GM and Chrysler have to bear the burden.
A long term strategy that could backfire on the Unions a number of their plants are in the south, right to work states, they are not shutting down, if they file for bankruptcy, it doesn’t mean they are worthless and out of business, file for bankruptcy, sell off all the plants in unionized states, expand those in right to work states with lower cost to operate and continue to make money.
Sounds good to me.
CPI groceries up 20%? Guess again.
2020 = $4845 for the year.
2022 = $7753 for the year.
That’s about 60% since Biden took over.
Just ran some errands in a neighboring town (California) - gas was over $6.00/gallon everywhere I looked.
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