Why can I tell by the headline who posts certain stories?
Posted on 10/20/2004 2:40:59 PM PDT by Willie Green
ping
Why can I tell by the headline who posts certain stories?
Ever noticw that right before every election the obligatory "republican trade deficit threatens economy" bullshit starts.
Four more years!!!!
Four more years!!!!
Four more years!!!!
Four more years!!!!
Four more years!!!!
Because we can!!!
More crap from Buchananland.
Bush is having the difficulties he has in Ohio and Michigan because they have borne the brunt of "free trade" policies.
If that's the case, then why did Gore (the boy of the feller who signed NAFTA) win Michigan?
This is bunk. People have been complaining about the trade deficit for years, but in fact, a new economic theory holds that trade deficits are a conseqence of wealth. We have a trade deficit because we have so much more to spend.
DETROIT -- General Motors will cut about 900 jobs early next year at a pickup plant in Pontiac, Mich., in a move underscoring sagging demand for some of its most profitable vehicles.
Some of the affected workers, who account for almost 20 percent of the plant's work force, could be offered jobs at other GM plants, the automaker said Wednesday.
Detroit automakers have cut tens of thousands of jobs in recent years as they face mounting competition from foreign rivals such as Toyota Motor Corp., which has scored huge gains in U.S. market share.
GM will cut a third shift at the plant in January, which builds the Chevrolet Silverado and GMC Sierra full-sized pickups, spokesman Stefan Weinmann said.
"It's really a market-driven decision so that we can better align our production output with current demand and also what we see for future demand," Weinmann said.
The pickups are two of GM's top-selling vehicles, but both of the trucks are aging and face competition from newer models. This month, GM launched an incentive program called Truckfest that included as much as $2,500 cash back on many of its 2005 model-year pickups.
Weinmann said GM would discuss with the United Auto Workers union the possibility of placing some of the workers at other plants. Terms of the union contract prevent GM from permanently laying off workers. Typically, the laid off workers receive 95 percent of their take-home pay from government unemployment benefits and supplemental pay.
The job cuts follow last week's financial results when GM posted the first quarterly loss in its core automotive business since strikes effectively shut its North American operations for most of the third quarter of 1998.
GM last week said it would cut up to 12,000 jobs in Europe, where the automaker has lost money since 1999 and grapples with growing competition from Asian automakers, weak European economies and high labor costs.
Automotive News / September 27, 2004
Toyota Motor Corp. will invest $250 million in its Huntsville, Ala., engine plant to more than double its output of V-8 engines for light trucks.
The investment will give Toyota U.S.-made V-8s for the full-sized Sequoia SUV made in Princeton, Ind., and the Tundra pickup that will be built in San Antonio, Texas.
Huntsville builds 120,000 V-8s a year only for the Indiana-built Tundra pickup. When the expansion is completed in late 2006, the plant will supply 270,000 V-8s annually.
Tell that to 11th century Byzantium, 17th century Spain, 18th century Holland, and 20th century Britain.
"We have so much more to spend". Have you any idea how sunk in debt the American household and corporation are ? We have been running up the plastic to disguise net downwards social mobility. The bankruptcy rates have been astronomical because households cannot survive even short periods of unemployment.
If you had asked me when I was 20 how I would feel if I made $XXXXX a year (what I'm making now), I would say, "I'm going to be rich!"). However, in 2004, I am quite middle-classed. In fact, if I lived in CA, I'd be near poverty-level. It'a sll relative.
That's not an economic theory.
It's a political theory, intended to misguide, snooker and bamboozle the American People.
One months figures do not an economy make - especially before an election.
Sienfeld looks into the camera and says: "Bush"
Buy all that cheapo Chicom stuff now before the sinking dollar puts them out of reach of the "new peasantry" of the United States of America.
Due to Asian over production you can buy great 19" LCD monitors for $379 at NewEgg and it ain't gonna last
All Toyota profits from their USA production go to Japan. You are colonized and too numbed down to know it or care.
NIPPON-NOMICS 101
Jobs here/profits there
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