"Obama will strengthen the ability of workers to organize unions. He
will fight for passage of the Employee Free Choice Act. Obama will
ensure that his labor appointees support workers' rights and will work
to ban the permanent replacement of striking workers. Obama will also
increase the minimum wage and index it to inflation to ensure it rises
Ensure Freedom to Unionize: Obama believes that workers should have the
freedom to choose whether to join a union without harassment or
intimidation from their employers. Obama cosponsored and is strong
advocate for the Employee Free Choice Act, a bipartisan effort to assure
that workers can exercise their right to organize. He will continue to
fight for EFCA's passage and sign it into law.....)"
Heh, the key time is in 5 months, and it will be extremely
interesting times for the US.
Convert to Euros and Yen while you can.
BMW reported on Friday their profits this Q down 33%. Nissan
reported Friday their quarterly profits down 48%. Along with Toyota
and Honda auto sector profits are glum.
I find it hard to believe that all these companies have "idiotic
management". Maybe the worst economy in about 50 years has something
to do with it. Even if they were all producing hybrids at 100% plant
capacity it wouldn't do any good if folks can't buy a new car.
Certainly the "worst economy in about 50 years" has something (perhaps
everything) to do with GM's current troubles. What I was referring to was
what I perceived (perhaps mistakenly) to be Jacks' contention that the UAW
was responsible for GM's big downturn in the 70's which turned Detroit into
a ghost town. GM's inability to hold the market and subsequent inability to
re-capture it had nothing to with unions. While GM was foundering, Japanese
and German automakers were doing quite well --- with highly organized and
very powerful labor unions. GM's troubles were management based. Now
they're mangement-based and economy-based.