Results 1 to 7 of 7

Thread: Mitt Romney spouts usual repugs lies about autoworkers and gets nailed

  1. #1
    Friend of Gossip Rocks! buttmunch's Avatar
    Join Date
    Oct 2005
    Location
    Uranus
    Posts
    31,884

    Default Mitt Romney spouts usual repugs lies about autoworkers and gets nailed

    Mitt Romney was wanking forth on MTP Sunday about the horrendous disadvantage American automakers have because of labor costs, only briefly mentioning the 800-pound gorilla in the room -- namely, health-care costs -- as "benefits."

    Gov. Jennifer Granholm of Michigan set him straight:

    One of the reasons there is a cost disadvantage is that other countries provide health care for their citizens. In America, we put that entire burden on business.

    Mittens nonetheless tries to regurgitate the "$70-an-hour" lie:

    Romney: The companies across the ocean have come here, made plants in the U.S. -- Nissan, Toyota, and Honda -- they're able to make cars at $45 an hour labor costs plus benefits and legacy costs, our cost is $73 an hour --

    Granholm: It is not! That has been totally debunked -- now, you know, Mitt Romney, that this is not --

    Romney: Labor costs and legacy costs and benefits is $73 an hour.

    Maybe Romney should ask those companies where they stand on national subsidization of their industry. Because back in Japan, they understand that underwriting their manufacturing capacity is the key to a competitive economy ... which is why they keep the yen artificially low. This subsidization is part of why those same automakers can operate at lower cost here.

    Romney and the Republicans have made it clear that Detroit can go suck eggs. They just don't want to say it on TV.Crooks and Liars
    I really wish they would stop lying about what autoworkers or any other worker makes when at the end of the day it's obviously not all that much in the larger scheme of things. And there is something really sick and fucked up about a multi-millionaire passing judgement on someone who won't make in a lifetime what fucking Romney probably makes in a year. EAt cake, Mitt, eat cake.
    'Those who sacrifice liberty for security deserve neither.' Ben Franklin

    "When fascism comes to America, it will be wrapped in the flag and carrying the cross."
    --Sinclair Lewis

  2. #2
    Elite Member Grimmlok's Avatar
    Join Date
    Oct 2005
    Location
    In WhoreLand fucking your MOM
    Posts
    55,359

    Default

    .. how did he get nailed? He ran right over the other guy.
    I am from the American CIA and I have a radio in my head. I am going to kill you.

  3. #3
    Elite Member witchcurlgirl's Avatar
    Join Date
    Feb 2007
    Location
    Acerbia
    Posts
    34,697

    Default

    Here's the NY Times debunking this last week:

    December 10, 2008
    Economic Scene

    $73 an Hour: Adding It Up

    Seventy-three dollars an hour.

    That figure — repeated on television and in newspapers as the average pay of a Big Three autoworker — has become a big symbol in the fight over what should happen to Detroit. To critics, it is a neat encapsulation of everything that’s wrong with bloated car companies and their entitled workers.

    To the Big Three’s defenders, meanwhile, the number has become proof positive that autoworkers are being unfairly blamed for Detroit’s decline. “We’ve heard this garbage about 73 bucks an hour,” Senator Bob Casey, a Pennsylvania Democrat, said last week. “It’s a total lie. I think some people have perpetrated that deliberately, in a calculated way, to mislead the American people about what we’re doing here.”

    So what is the reality behind the number? Detroit’s defenders are right that the number is basically wrong. Big Three workers aren’t making anything close to $73 an hour (which would translate to about $150,000 a year).

    But the defenders are not right to suggest, as many have, that Detroit has solved its wage problem. General Motors, Ford and Chrysler workers make significantly more than their counterparts at Toyota, Honda and Nissan plants in this country. Last year’s concessions by the United Automobile Workers, which mostly apply to new workers, will not change that anytime soon.

    And yet the main problem facing Detroit, overwhelmingly, is not the pay gap. That’s unfortunate because fixing the pay gap would be fairly straightforward.

    The real problem is that many people don’t want to buy the cars that Detroit makes. Fixing this problem won’t be nearly so easy.

    The success of any bailout is probably going to come down to Washington’s willingness to acknowledge as much.

    Let’s start with the numbers. The $73-an-hour figure comes from the car companies themselves. As part of their public relations strategy during labor negotiations, the companies put out various charts and reports explaining what they paid their workers. Wall Street analysts have done similar calculations.

    The calculations show, accurately enough, that for every hour a unionized worker puts in, one of the Big Three really does spend about $73 on compensation. So the number isn’t made up. But it is the combination of three very different categories.

    The first category is simply cash payments, which is what many people imagine when they hear the word “compensation.” It includes wages, overtime and vacation pay, and comes to about $40 an hour. (The numbers vary a bit by company and year. That’s why $73 is sometimes $70 or $77.)

    The second category is fringe benefits, like health insurance and pensions. These benefits have real value, even if they don’t show up on a weekly paycheck. At the Big Three, the benefits amount to $15 an hour or so.

    Add the two together, and you get the true hourly compensation of Detroit’s unionized work force: roughly $55 an hour. It’s a little more than twice as much as the typical American worker makes, benefits included. The more relevant comparison, though, is probably to Honda’s or Toyota’s (nonunionized) workers. They make in the neighborhood of $45 an hour, and most of the gap stems from their less generous benefits.

    The third category is the cost of benefits for retirees. These are essentially fixed costs that have no relation to how many vehicles the companies make. But they are a real cost, so the companies add them into the mix — dividing those costs by the total hours of the current work force, to get a figure of $15 or so — and end up at roughly $70 an hour.

    The crucial point, though, is this $15 isn’t mainly a reflection of how generous the retiree benefits are. It’s a reflection of how many retirees there are. The Big Three built up a huge pool of retirees long before Honda and Toyota opened plants in this country. You’d never know this by looking at the graphic behind Wolf Blitzer on CNN last week, contrasting the “$73/hour” pay of Detroit’s workers with the “up to $48/hour” pay of workers at the Japanese companies.

    These retirees make up arguably Detroit’s best case for a bailout. The Big Three and the U.A.W. had the bad luck of helping to create the middle class in a country where individual companies — as opposed to all of society — must shoulder much of the burden of paying for retirement.

    So here’s a little experiment. Imagine that a Congressional bailout effectively pays for $10 an hour of the retiree benefits. That’s roughly the gap between the Big Three’s retiree costs and those of the Japanese-owned plants in this country. Imagine, also, that the U.A.W. agrees to reduce pay and benefits for current workers to $45 an hour — the same as at Honda and Toyota.

    Do you know how much that would reduce the cost of producing a Big Three vehicle? Only about $800.

    That’s because labor costs, for all the attention they have been receiving, make up only about 10 percent of the cost of making a vehicle. An extra $800 per vehicle would certainly help Detroit, but the Big Three already often sell their cars for about $2,500 less than equivalent cars from Japanese companies, analysts at the International Motor Vehicle Program say. Even so, many Americans no longer want to own the cars being made by General Motors, Ford and Chrysler.

    My own family’s story isn’t especially unusual. For decades, my grandparents bought American and only American. In their apartment, they still have a framed photo of the 1933 Oldsmobile that my grandfather’s family drove when he was a teenager. In the photo, his father stands proudly on the car’s running board.
    By the 1970s, though, my grandfather became so sick of the problems with his American cars that he vowed never to buy another one. He hasn’t.

    Detroit’s defenders, from top executives on down, insist that they have finally learned their lesson. They say a comeback is just around the corner. But they said the same thing at the start of this decade — and the start of the last one and the one before that. All the while, their market share has kept on falling.

    There is good reason to keep G.M. and Chrysler from collapsing in 2009. (Ford is in slightly better shape.) The economy is in the worst recession in a generation. You can think of the Detroit bailout as a relatively cost-effective form of stimulus. It’s often cheaper to keep workers in their jobs than to create new jobs.

    But Congress and the Obama administration shouldn’t fool themselves into thinking that they can preserve the Big Three in anything like their current form. Very soon, they need to shrink to a size that reflects the American public’s collective judgment about the quality of their products.

    It’s a sad story, in many ways. But it can’t really be undone at this point. If we had wanted to preserve the Big Three, we would have bought more of their cars.

    http://www.nytimes.com/2008/12/10/bu...t.html?_r=1&em



    All of God's children are not beautiful. Most of God's children are, in fact, barely presentable.


    If I wanted the government in my womb I'd fuck a Senator

  4. #4
    Elite Member Fluffy's Avatar
    Join Date
    Nov 2007
    Posts
    5,600

    Default

    Mittens. I've never heard him called that before!

  5. #5
    Elite Member B.C.'s Avatar
    Join Date
    Oct 2005
    Location
    Motor City
    Posts
    2,275

    Default

    This past summer a friend of mine said she wanted him to win the nomination because he would support the autoworkers. I was leary of that, just because his dad was an auto executive didn't mean he would support the industry.

  6. #6
    Elite Member
    Join Date
    May 2008
    Posts
    4,250

    Default

    Mitt's a tool.

  7. #7
    Friend of Gossip Rocks! buttmunch's Avatar
    Join Date
    Oct 2005
    Location
    Uranus
    Posts
    31,884

    Default

    Yeah, support an auto executive who flies in a private jet while pleading poverty to the government and twiddles numbers in order to say auto workers make 70 something bucks an hour. Yeah, he'll be for the little guy on the assembly line.
    'Those who sacrifice liberty for security deserve neither.' Ben Franklin

    "When fascism comes to America, it will be wrapped in the flag and carrying the cross."
    --Sinclair Lewis

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Mitt Romney: Let Detroit go bankrupt
    By KristiB in forum U.S. Politics and Issues
    Replies: 7
    Last Post: November 19th, 2008, 08:57 PM
  2. According to Mitt Romney, Unions are why America is in trouble now
    By Grimmlok in forum U.S. Politics and Issues
    Replies: 2
    Last Post: September 3rd, 2008, 11:46 PM
  3. Mitt Romney suspends campaign
    By kingcap72 in forum U.S. Politics and Issues
    Replies: 25
    Last Post: February 8th, 2008, 05:42 PM
  4. Mitt Romney wins Nevada Primary - why?!
    By Cali in forum U.S. Politics and Issues
    Replies: 41
    Last Post: February 4th, 2008, 08:16 PM
  5. Mitt Romney criticized for hotel pornography
    By celeb_2006 in forum U.S. Politics and Issues
    Replies: 1
    Last Post: July 6th, 2007, 10:46 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •