Obama Fail~ or not

[sheshe2]

TheObamaDiary.com @TheObamaDiary

OBAMA FAIL!!! Oh.... hold on ---> 'GM’s Cadillac Posts Biggest 5-Month Gain Since Disco Era' http://www.bloomberg.com/news/2013-06-03/gm-s-cadillac-posts-biggest-5-month-gain-since-disco-era.html …
6:38 PM - 3 Jun 2013
GM’s Cadillac Posts Biggest 5-Month Gain Since Disco Era
General Motors Co.’s Cadillac brand posted its biggest gain so far this year since Gerald Ford was president, the U.S. celebrated its 200th birthday and “The Hustle” won a Grammy.

Bloomberg News @BloombergNews

@TheObamaDiary @Gus_802 Obama's bringing back Disco? Cool!
6:40 PM - 3 Jun 2013

Bloomberg News @BloombergNews

BREAKING: General Motors to replace H.J. Heinz in S&P 500
5:17 PM - 3 Jun 2013












http://theobamadiary.com/2013/06/03/this-and-that-81/#more-122468

[NYC_SKP]

1. And, in the other corner, Mitt "Let Detroit Go Bankrupt!" Romney!

[mindwalker_i]

3. That picture seems to say

"My ego is this big." Now if only I had a truck to match.

Editted to +w.

[Cha]

12. If he only had a brain to match. rofl

[sheshe2]

8. HA! nt

[Cha]

2. Not. Ah, the age of Twitter, she..

petesouza ✔ @petesouza

Photo of POTUS and CoS Denis McDonough walking on the South Lawn late this afternoon

My, how far GM has comeback from being helped by the Government from rockbottom bankruptcy!

thanks for the great news, she!

[rhett o rick]

5. Ah yes the GM success. Workers are getting what? $12 dollars an hour? But the CEO is

making a bundle.

[Cha]

9. Do you know for sure how much they're getting paid? Because I found a different amount.

GM, Ford workers to see big profit-sharing checks

The United Auto Workers has told its members at General Motors (GM +1.56%) and Ford Motor (F +1.34%) to expect big profit-sharing checks early next year. According to The Wall Street Journal, Ford workers can expect $8,000 each. GM workers can expect as much as $7,000.

For the GM and Ford workers, the profit-sharing checks will represent 11% to 14% of the typical autoworker's annual wage of about $58,500. For entry-level workers, it's a much bigger percentage of their wages.

http://money.msn.com/now/post.aspx?post=8f073da6-076e-4b55-a9dc-fd404b394af4

From 2012..

$28.00 hourly for general assembly. Skill Trades and team leaders get a tad bit more hourly.
The cost of building a car works out to 4% covers the workers on the line Government 12% 24% to the suppliers , over head or as GM puts it profit sharing?

http://wiki.answers.com/Q/How_much_do_general_motors_employees_get_paid

And, of course.. the CEOs are making more.. but, these people have JOBS because Pres Obama bailed GM.

[rhett o rick]

21. I was wrong. Turns out they were getting $14 per hour for which they should be grateful.

It's above the poverty lever wage.

"Starting pay will increase to about $16 an hour from $14 and rise to about $19 an hour from a previous maximum of $16, said the people who asked not to be identified disclosing details before they have been presented to union members for ratification. UAW President Bob King had said getting those workers a middle-class lifestyle was his highest priority."

Please, "a middle-class lifestyle" on $16 per hour?

While profits are at an all time high wages are going up to $16/hour.

http://www.bloomberg.com/news/2011-09-17/gm-said-to-increase-entry-level-uaw-wage-by-2-to-3-an-hour-1-.html

[Cha]

31. The article is from 2011. And, that's entry level.

By Matt Glynn | News Business Reporter

on April 28, 2013 - 6:41 PM

GM Tonawanda is reborn, fueled by new engine lines and workers

As General Motors’ Town of Tonawanda engine plant ramps up its new engine lines, waves of new workers are coming aboard, more than doubling the size of the workforce from its low point a few years ago.

As part of building the engines, more than 940 new hires have been trained in the ways of GM Tonawanda, and for some, about life in a modern factory. Among the new workers are those who have worked at the plant or another GM facility, and others, like Angelica Gozdziak, who are industry newcomers.

“It’s definitely going to be a life-changing career for me,” said Gozdziak, a Cheektowaga resident, who has previously worked as hairdresser, bartender and waitress. “It’s very exciting. My background, I wouldn’t have a retirement plan or anything like that. I didn’t have health insurance. This is opening up a whole new world for me.”

Just a few years ago, the Tonawanda complex was worried about its future, not breaking in new hires. It had cut its workforce amid the recession and a drop-off in auto sales, while its corporate parent was struggling to survive. The manufacturing site’s long-term prospects seemed uncertain. Four years ago, amid bleak days for the U.S. auto industry, the plant’s employment was down to just 781 employees

Under national agreements between GM and the UAW, the wages for UAW employees transferring from other plants vary depending on their seniority, said Mary Ann Brown, a GM spokeswoman. Some of them come in at the existing rate of $28 per hour, while others come in at $19.28 per hour. Employees who are brand-new to GM come in at $15.78 per hour.

http://www.buffalonews.com/apps/pbcs.dll/article?AID=/20130428/BUSINESS/130429154/1005

These people would not even have these jobs if the Government hadn't loaned GM the money to crawl out of bankruptcy.

to the Workers who seem to very much appreciate their JOBS.

[Tarheel_Dem]

35. He ain't called "rhett-o-rick" for nothing.

[rhett o rick]

43. I support the workers and glad they have a job and glad we

still make cars in the USofA. What I dont like is that GM used their "bankruptcy" to lower wages. Profits are up and wages are dropping. One can say they are lucky to have a job. I understand but the situation is non-sustaining.

[madokie]

51. So you have to lie about the wages they get

It seems where you possibly aren't lying you are at best being less than truthful. WTF

[rhett o rick]

54. I provided links. GM as a international company had enough

resources that they didnt need to "go bankrupt" in the USofA. They did it to drastically reduce the wages they pay. I said $12 for starting level from memory where it was actually $14.

I think the workers got a raw deal. Of course things could be worse, that's always a rationalization for cutting wages.

Interesting that you would call me a liar. Is that your way of trying to get me to shut up?

[sheshe2]

13. Google is your friend, rhett.

GM likely to spend $500M on employee payments
February 29, 2012 - 12:15 AM

div class="excerpt"]GM, which made a record profit in 2011, will pay bonuses of at least $182 million to white-collar workers such as engineers, car designers and managers on Wednesday, according to a formula obtained by The Associated Press. That's on top of $332.5 million in profit-sharing it already agreed to pay factory workers.

In the past, such payments have drawn criticism from those who believe the government shouldn't have bailed out GM and Chrysler. But GM, which made a record $7.6 billion last year, says the payments are needed to hold on to skilled employees. It's also keeping fixed costs down by giving bonuses instead of annual pay raises.

The bonuses will go to most of the company's 26,000 salaried employees, many of whom make more than $100,000 a year. The bonuses will range from 8 percent of base pay to 14 percent, according to the formula.

http://cnsnews.com/news/article/gm-likely-spend-500m-employee-payments

[Cha]

15. Thanks for more info on GM and their valued employees, She! Profit Sharing.. yummy!

Looks like GM is of the Costco School of treating your employees Well 'cause it's the right thing to do and it's a Good Business Model.

The bonuses will go to most of the company's 26,000 salaried employees, many of whom make more than $100,000 a year. The bonuses will range from 8 percent of base pay to 14 percent, according to the formula

I hardly make a move online without consulting my old friend Mr Google. Want to at least try to verify wth I'm thinking.

[sheshe2]

17. See the USA~

Google, best fact checker in town, Cha!

[Cha]

19. "Beautiful Beautiful Grill"! It's a cutie, alright!

Awesome Blast from the Past, she!

Dinah Shore! Mahalo she!

[rhett o rick]

22. Yes that's nice that those making more than $100,000 a year get a bonus while entry level

workers get $14 to $16 per hour.

http://www.bloomberg.com/news/2011-09-17/gm-said-to-increase-entry-level-uaw-wage-by-2-to-3-an-hour-1-.html

http://www.uaw.org/content/major-improvements-entry-level-workers

[rhett o rick]

23. I agree of course. Entry wages for GM are $14 per hour (i was wrong stating $12).

And that is better than the min poverty wage of approx $10 per hour.

"But with the 2009 bankruptcies of GM and Chrysler, the new-hire wage was set at about $14 with no path to full pay, no pension, and no raises or bonuses for six years. The auto industry was set on course to become a fully low-wage industry as older workers retired."

http://www.labornotes.org/2011/05/unequal-pay-equal-work

http://www.uaw.org/content/major-improvements-entry-level-workers

[sheshe2]

10. Aaah Cha,

Chips is always leading the way!

From Ireland for pete's sake!

Kudos to GM!

And our President, who believed in them~

Beautiful pic of Potus and Denis, Cha.

Mahalo~

[slipslidingaway]

25. And the pic of him playing golf with the head of UBS?

"One of President Obama's golfing buddies Monday was a top donor to his campaign and the president of a bank at the center of a U.S. investigation into illegal tax shelters.

Robert Wolf, the president of UBS Americas, a Swiss-based bank, joined Obama at the elite, and difficult, Farm Neck Golf Club in Oak Bluffs. Deputy press secretary Bill Burton described the two men as "friends."

http://voices.washingtonpost.com/44/2009/08/24/senior_ubs_official_key_donor.html

[Cha]

32. Yes.. they golfed.

Last August, the Post reported, "The Senate Permanent Subcommittee on Investigations completed its report on UBS's role in helping wealthy investors shield money from federal taxes. Bank spokeswoman Rohini Pragasam said the donations were "categorically not
connected" to the Senate inquiry. The bank also is under scrutiny by the IRS and the Justice Department."

Just last week, though, the bank announced a settlement with the Internal Revenue Service. In a release, the bank said the settlement will affect about 4,450 accounts, adding, "UBS will send notices to affected US persons encouraging them to participate in the IRS's voluntary disclosure practice."

"This agreement helps resolve one of UBS's most pressing issues," UBS Chairman Kaspar Villiger said. "I am confident that the agreement will allow the bank to continue moving forward to rebuild its reputation through solid performance and client service."

[LeftInTX]

27. I love that pic!!!

[Cha]

33. I know, huh? Pretty Cool, LeftInTX. nm

[LeftInTX]

39. Very cool! I have green envy!!

[rhett o rick]

4. Yes profits are up. The CEO will make millions. Horray. Workers will still get min wage and half

a turkey at Christmas. Will the management share the rewards?

[SammyWinstonJack]

6. Oh hey " GROW spine" lol

[demwing]

7. which is it, minimum wage or $12 an hour? Make up your mind /nt

[Cha]

11. Exactly, turns out it was ..

$28.00 per hour in 2012..

http://www.democraticunderground.com/?com=view_post&forum=1002&pid=2942919

[sheshe2]

14. In the year 2013,

people have yet to discover Google, sigh~

http://www.democraticunderground.com/?com=view_post&forum=1002&pid=2942940


Cha~

[rhett o rick]

24. Turns out it was $14 per hour. I was wrong.

http://www.uaw.org/content/major-improvements-entry-level-workers

[GeorgeGist]

16. Go Greed!

[sheshe2]

18. Go America!

You are right, damn those greedy workers that want a cut of the profits!
Damn them. Damn them I say!

See post 13 George. Fact check is your friend!
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=2942940


GM likely to spend $500M on employee payments
February 29, 2012 - 12:15 AM

div class="excerpt"]GM, which made a record profit in 2011, will pay bonuses of at least $182 million to white-collar workers such as engineers, car designers and managers on Wednesday, according to a formula obtained by The Associated Press. That's on top of $332.5 million in profit-sharing it already agreed to pay factory workers.

In the past, such payments have drawn criticism from those who believe the government shouldn't have bailed out GM and Chrysler. But GM, which made a record $7.6 billion last year, says the payments are needed to hold on to skilled employees. It's also keeping fixed costs down by giving bonuses instead of annual pay raises.

The bonuses will go to most of the company's 26,000 salaried employees, many of whom make more than $100,000 a year. The bonuses will range from 8 percent of base pay to 14 percent, according to the formula.


http://cnsnews.com/news/article/gm-likely-spend-500m-employee-payments

[Cha]

20. "Greedy Workers"! And, GM is compensating those valuable Workers, she!

Here's to the Workers at GM.. cutting into the Profits! Brawawaaa rofl

she

[rhett o rick]

28. I wish they would get more.

" The UAW agreed to cost concessions at all three auto makers, including a new $14 hourly wage for entry-level workers—half of what veteran workers had been making. The union also gave up some health benefits and cost-of-living pay adjustments, "

http://blogs.wsj.com/drivers-seat/2012/12/26/auto-workers-set-for-big-profit-sharing-at-ford-and-gm-this-year/

Wages are ratcheting lower while profits are soaring. Yeah for capitalism.

[LeftInTX]

26. Woo!!! Hoo!!!

Everyone had disco fever!!!
Good times!!!!
?w=700

[ReRe]

34. Who's Betty doing the bump with?

... Little Richard? I loved that dance. Free-style!

[Tarheel_Dem]

37. Looks like Tony Orlando!

[ReRe]

41. Dayam!

I thought it might be Tony Orlando.... but I couldn't remember his name!!!! Get ready kids. Kick up your heels and have a wonderful time because your time's-a-coming. This is the one thing that I don't care one bit for.. brain farts. Hurt? Yes I have arthritis. I can handle anything but these sudden
brain farts!!!!!

[Tarheel_Dem]

53. I know exactly what you mean. I came of age in the 70's, so I'm familiar with "brain farts".

[LeftInTX]

38. Tony Orlando!

[olddots]

40. Tony Orlando

winger pig .....

[Lady Freedom Returns]

29. ...

[sheshe2]

30. Great graphic, lady freedom!

Excellent in fact!

He is doing a great job in moving us there. Thank you Mr President!

To Joplin and Moore

We love you.

[ReRe]

36. K&R

Thanks, sheshe2! I'll take good news any time I can get it!

[Cha]

42. "Employees who are brand-new to GM come in at $15.78 per hour."

"Some of them come in at the existing rate of $28 per hour, while others come in at $19.28 per hour."

Great News out of Tonawanda, New York, She!

Great article, too. I posted this upthread but I wanted to make sure it's seen by as many peeps as possible..

By Matt Glynn | News Business Reporter

on April 28, 2013 - 6:41 PM

GM Tonawanda is reborn, fueled by new engine lines and workers

As General Motors’ Town of Tonawanda engine plant ramps up its new engine lines, waves of new workers are coming aboard, more than doubling the size of the workforce from its low point a few years ago.

As part of building the engines, more than 940 new hires have been trained in the ways of GM Tonawanda, and for some, about life in a modern factory. Among the new workers are those who have worked at the plant or another GM facility, and others, like Angelica Gozdziak, who are industry newcomers.

“It’s definitely going to be a life-changing career for me,” said Gozdziak, a Cheektowaga resident, who has previously worked as hairdresser, bartender and waitress. “It’s very exciting. My background, I wouldn’t have a retirement plan or anything like that. I didn’t have health insurance. This is opening up a whole new world for me.”

Just a few years ago, the Tonawanda complex was worried about its future, not breaking in new hires. It had cut its workforce amid the recession and a drop-off in auto sales, while its corporate parent was struggling to survive. The manufacturing site’s long-term prospects seemed uncertain. Four years ago, amid bleak days for the U.S. auto industry, the plant’s employment was down to just 781 employees

Under national agreements between GM and the UAW, the wages for UAW employees transferring from other plants vary depending on their seniority, said Mary Ann Brown, a GM spokeswoman. Some of them come in at the existing rate of $28 per hour, while others come in at $19.28 per hour. Employees who are brand-new to GM come in at $15.78 per hour.

http://www.buffalonews.com/apps/pbcs.dll/article?AID=/20130428/BUSINESS/130429154/1005

These people would not even have these jobs if the Government hadn't loaned GM the money to crawl out of bankruptcy.

to the Workers who seem to very much appreciate their JOBS With Bennies!

[sheshe2]

46. You are fabulous, Cha

Thank you for all the good news.

~These people would not even have these jobs if the Government hadn't loaned GM the money to crawl out of bankruptcy. ~

[Cha]

60. Workers are Stoked to have JOBS with Bennies!

Back, She!

[ucrdem]

44. I vote NOT

and that makes 500 posts, woo hoo!

[sheshe2]

45. well congratulations to you, ucrdem!

Milestone!

Keep on keeping on!

[ucrdem]

47. Romney FAIL

Live it again!

[sheshe2]

52. What ssssssilppery sssssslope!

The GOP slip sliding away~~~



Thanks, urcdem!

[ucrdem]

48. Welcome to Detroit Mr. Romney:

[ucrdem]

50. No Mitt, You Didn't Care At All

. . . and another milestone!

[Novel style]

69. good move nt

[ucrdem]

70. Welcome!

p.s. this is an archive thread, so it won't pop up in the GD main page, but it will show up on your My Posts tab, also in your recs and bookmarks if you put it there.

[Tarheel_Dem]

55. Congrats ucr!

[ucrdem]

56. Thanks Tarheel,

wearin' out the keyboard here, oh yeah!

[Cha]

57. NOT is Good..

Glad you're here, ucrdem!

[ucrdem]

63. Four more years!

That reminds me a funny thing that happened the evening after election day last November. A couple of Mormon guys came to the door around six and did their usual thing which is to look sad and hope you'll let them go into their pitch. Usually I say something polite before shutting the door but all I could do that day was laugh. I tried to laugh politely but I was just too damned relieved to think of anything appropriate to say. So I just gently closed the door, still laughing.



And they haven't been back.

[Cha]

64. See, this is why I'm glad you're here..

Proselytizers are lucky they don't find my door .. I really don't have any patience for it. It's like they're from another Planet and I'm not buying.

We were all so high the day after the election.. like we were on helium or something..bouncing off the walls rofl It could be you found the perfect response.

[ucrdem]

65. Thanks Cha,

yeah I still think of it when I need a lift.

p.s. Kick for Michelle

[Cha]

66. For Michelle, ucrdem!

An unrelated pic of Michelle looking like “AND?!? Whatchu gon do?”

http://www.awesomelyluvvie.com/2013/06/michelle-obama-protester.html

[ucrdem]

67. First and best!

[Pragdem]

49. The only people that find something negative to say about Obama's economic recovery...

Are kooks. Plain and simple.

[Cha]

58. More good news, Pragdem.. "Obama's Economic Triumph"

by Michael Tomasky Jun 4, 2013 4:45 AM EDT

It’s increasingly clear that the president has steered the country back from the brink—and, in the process, exposed (yet again) the central lie of conservative economics.

http://www.thedailybeast.com/articles/2013/06/04/obama-s-economic-triumph.html

This pisses off republicons and those who have an agenda to whine about Pres Obama.

[Pragdem]

59. And Mitt Romney didn't get credit for it.

[sheshe2]

61. "This pisses off republicons and those who have an agenda to whine about Pres Obama."

From your link~

This is huge. Republicans, as we know, have spent years saying that raising taxes doesn’t increase revenues. It’s an argument that sits at the very core of supply-side theory. It’s been an absolute article of faith. They tried to say this when they passed the Bush tax cuts, and they’ve tried to say it since. But they were just lying. The Bush tax cuts cost the treasury $1.3 trillion by the low estimates and $1.8 trillion by the higher ones. They continued to make these claims long after the facts were in, but facts never stopped them, of course.

Thanks for that quote and Link.

I can't wait to see the report Friday!

This Friday morning will bring the new jobs numbers. If recent months and indicators are any sign, the news will be at least pretty good, and maybe really good—

Cha

[Cha]

62. If republicons told the truth.. there woundn't be a republicon

party. They get away with their lies because of fox suckers and the US corporate media goPropanda machine.

Aloha Friday, she~

[lame54]

68. GM is Stayin' Alive