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 Abierto Newswire
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bailout
by
Mary Shaw | 12.25.2008
The United Auto Workers (UAW) union has already had to make some concessions under the bailout. But apparently that is not enough. Some people just want an end to unions. Gotta keep the power away from the little people. In auto bailout, don't make workers pay the price for corporate greed December 22, 2008 By Mary Shaw (reprinted with permission from maryshawonline.com)
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Dave Lindorff, thiscantbehappening.net | 12.11.2008
Resumen: Look what happened to the workers at Chicago-based Republic Windows and Doors. The company was losing business, and according to some of its employees, had been in recent weeks secretly moving some heavy equipment out of the plant, possibly in preparation for relocation to some lower-wage location. Then its bank, Bank of America, one of the nation’s largest financial institutions, and a recent recipient of $25 billion in federal bailout funds from the US Treasury and the Federal Reserve Bank, informed the company that it would not supply credit for the firm to meet payroll. The workers were told by management that the plant would be shut down in three days. Workers of America: Wake Up! We All Need a Union!By Dave Lindorff ` We workers of America, white collar, pink collar, blue collar, and no collar at all, have just gotten a wonderful example of the power of having a union. It’s an example that should have every unorganized employee in America looking for a union organizer.
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Dave Lindorff, thiscantbehappening.net | 12.07.2008
He laughed. “There’s no problem getting car loans from the small community banks around our dealerships,” he said. “They’ve got plenty of money to lend, and they’re happy to lend it to car buyers. The problem is that people are too worried about the economy and about their jobs to go out and buy a new car.” A Car Dealer Explains Why the Bailout is a Raw DealBy Dave Lindorff A brief conversation I had earlier this week with a car dealership executive while standing in a post office line demonstrated simply both why the bank deregulation and consolidation process of the past two decades has been a screw job for ordinary people, and why the Washington bailout has been both a taxpayer rip-off and a failure (if it was even intended to work!).
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David A. Love | 12.03.2008
Never has there been a greater opportunity for an ailing automobile industry to turn their lemons into lemonade. But they do not deserve a blank check. If the Big Three don't agree to go green, then let ExxonMobil bail them out. RELATED: Blame the Takers, Not the Makers Government needs to reform auto industry
by
Mumia Abu-Jamal | 12.03.2008
Isn't it ironic that media reflects such an anti-union bent when many corporate (at least newspaper employees) reporters are members of the Newspaper Guild?
Blame the Takers, Not the Makers [col. writ. 11/23/08] (c) '08 Mumia Abu-Jamal The financial crisis that has been heating up since early 2007 reached the boiling point in late September. Credit markets virtually stopped functioning. A full-blown panic swept stock markets worldwide. The U.S. economy is in the throes of a recession that could turn into a Depression lasting for years. In these dire straits, the Wall Street speculators who set off this crisis are demanding that the government rescue them with a bailout priced at $700 billion. The actual costs will be far higher, a trillion dollars or more. Meanwhile, the Democrats are pushing hardest for the Bush bailout of the banks. Presidential candidate Barack Obama blames "greed" for the crisis on Wall Street (capitalism without greed?) and says there must be no "blank check to Washington" -- meaning he's for putting in a few conditions as window dressing. Following in the Democrats' footsteps, the AFL-CIO labor bureaucrats called a demo for "No Blank Check for Wall Street." Yet no amount of regulation will stop the boom-bust cycle of capitalism. Meanwhile unemployment lines are growing and a million families were thrown out of their homes by bank foreclosures in the last year. While the fat cats, Democrats and bureaucrats are all going for the Bush bailout to prop up U.S. capitalism, revolutionary Marxists oppose this trillion-dollar giveaway to the Wall Street speculators, calling instead for a program of transitional demands leading to the expropriation of the banks and the entire bourgeoisie through workers revolution.
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