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May 17, 2009
Despair in Detroit; Collapsing Auto Industry
Business  (tags: auto industry bailoutBig 3 automakersGMChrysler,Ford ) 
 Eric - 1 day ago - youtube.com 
Fault Lines looks at the collapsing auto industry in Detroit, with Ralph Nader and Ron Paul..
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Did you know that Chrysler did a deal with US auto plan unions to save all their US autoplant worker members jobs, but then cut those same jobs, all in secret, after the deal was done?
About 20,000 or more jobs are going overseas as part of the secret deal, reached at very high levels, (Geitner, etc.) and all of it was done in secret. Why? 
Financial companies OWN Congress, the White House, and the companies they control, incuding US autoworkers.  They make decisions good for them, not for autoworkers, not for the US, and not for US citizens. All of the top dogs in the present and former administrations are or were from financial companies like Goldman Sachs, Lehman Bros, etc.

What is good for financial companies? Their goal is to break ALL the unions, ship all of the jobs overseas and make cheap cars using workers that only make about $500 a year and no benefits, like in China or Mexico... Then import those same cars and sell them for MUCH HIGHER PROFITS, minus all of the US worker costs. That is happening with Chrysler now. My prediction is it will also happen with GM and other auto plants as well, including Ford. 
Of course, this will tend to make the recession we are in now seem mild and tame with what is coming next, as a result of this.. Millions more will be out of work.. but that somehow is good for financial companies shipping all of those jobs overseas. 
So what will create jobs in the US, that cannot be exported? If I were king, I would concentrate on producing alternative and renewable energy sources, and compete with big oil... hydrogen, water, wind, solar, etc... They cannot be exported. Get trained in this, and start a business doing it.. 
Save America, which is drowning in red ink right now. Much of that debt is due to importing oil from nations owned by dictators or despots. 
  
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Posted: May 17, 2009 5:04pm

 

 
 
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Good H.
, 1, 1 child
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