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Dear Union Members and Interested Readers:
In the news , some commentators claim that the current state of the economy is not as bad as the great depression. The question for them is: ‘when being slammed by a tsunami, how is one to know if as bad a
Krakatoa until its aftermath?’
It is possible that our economy will be as bad as the great depression, or worse, or not. So who is to say what risks should be taken or not to recover our economy? But while in the wake of its implosion, there are
measures which can be taken.
I write specifically about the Auto Industry, and how to keep the two publicly traded of the big Detroit 3 from folding.
Where there are problems there are opportunities. One can see how to save or even hoard their money until their job is gone, regardless of a possible federal bail out to Ford and GM; or is it a better choice for
UAW members to negotiate to buy the stock of these auto makers with a proviso that includes:
“A fraction of the share price; positions on the boards; assurance to not off shore labor; reduction of CEO pay, and removal of bonuses and parachutes; and to tool up for making the most inexpensive but safest
automobiles our nation has ever had. “
Keeping an old car running can cost more than a new one. Throwing money at an old business model speaks the same when considering what is needed for the future of automobiles. It is true that tooling for new models
can take some time, but in the long run can this save UAW jobs as opposed to taking the risk of going with the old business model that Ford and GM have ?
So who is to say what risks should be taken or not ? – It is something that you might consider , as borrowing money from the Fed, even if GM and Ford get it, just might not cut it -
Respectfully,
Orion Karl Daley
Presidential Candidate for 2012
for the Strategic Future of our nation
Author – The New Deal ISBN: 1419670948
Balanced Party http://balancedparty.org
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Tags: Auto Industry, Automobile Industry, economy, Ford, General Motors, Jobs, Presidential Candidate Orion Karl Daley, The Balanced Party, The Great Depression, UAW, United Auto Workers
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