Ten years after the global financial crash, there are growing signs of working class opposition and anger throughout the US and internationally. The high point is the mass “yellow vest” protests in France against Emmanuel Macron, the “president of the rich.”
AMERICA FACES REVOLUTION, CIVIL WAR II OR REVOLUTION AGAINST THE RULE BY
BILLIONAIRES AND WALL STREET
*
"Vast popular hardship and suffering, on the one hand, and almost
indescribable wealth and social indifference, on the other.
Two parties of the corporate oligarchy, dedicated to war and
political reaction. The impossible economic and political conditions
must produce sooner rather than later the greatest social upheavals
in American history."
*
"A series of recent polls in the US and Europe
have shown a sharp growth of popular disgust with capitalism and
support for socialism. In May of
2017, in a survey conducted by the Union
of European Broadcasters of people aged 18 to 35, more than half said
they would participate in a
“large-scale uprising.” Nine out of 10 agreed
with the statement, “Banks and money rule the world.”
*
"A
defining expression of this crisis is the dominance of financial
speculation and parasitism, to the point where a arrow international
financial aristocracy plunders society’s resources in
order to further enrich itself."
General Motors could shut more plants in US, threatening more than 6,000 jobs
By Jerry White
12 December 2018
Two weeks after the announcement by General Motors that it plans to close five factories in the US and Canada and wipe out nearly 15,000 hourly and white-collar jobs by early next year, industry analysts are warning that GM could shut several more assembly plants.
According to a Detroit Free Press article Monday, two assembly plants in Michigan—Lake Orion, north of Detroit, and Lansing Grand River, along with the Bowling Green, Kentucky, Assembly Plant and the Fairfax Assembly in Kansas City, Kansas—could be targeted for closure because they are running well under full capacity. The factories currently employ 6,238 production workers.
“Hourly workers at four more General Motors factories have reason to worry,” the Free Press wrote. “Industry experts and some in the UAW warn that the factories need more vehicles to build or they could face a similar fate as the three assembly plants GM has said it will idle next year: Detroit-Hamtramck, Lordstown in Ohio and Oshawa in Ontario, plus two U.S. transmission plants.”
On November 26, GM announced the closure of the five plants. CEO Mary Barra said the $6.5 billion in cost savings “will increase the long-term profit and cash generation potential of the company.” The company’s stocks shot up as high as 7.8 percent after the announcement.
GM officials not only defended the previous job cutting announcement but made clear they were prepared to make even more savage moves. “We believe the recent actions move us in the right direction, and we will continue to monitor the market/consumer trends and adjust accordingly,” Kimberly Carpenter, GM spokeswoman, told the Free Press. “As always, our intent is to work with the UAW constructively to address our business challenges in a way that keeps the company competitive in these changing market conditions.”
As of December 2018, the Free Press reported, GM has four of 12 plants, Ford has three of nine plants, and Fiat Chrysler has two of six plants operating below recommended capacity.
“All three—GM, Ford and Fiat Chrysler—likely need to further reduce plant capacity in North America,” Jon Gabrielsen, a market economist who advises automakers and auto suppliers, told the Free Press. “If they talk about keeping one plant open, the companies will have to find another plant to close in North America.”
GM’s job cuts are part of a restructuring of the global auto industry in the face of slowing sales in North America and China and profit losses in Europe and South America. Ford is soon expected to release its own job-cutting plan, which could wipe out as many as 25,000 jobs, largely in Europe. In January, Ford and VW are expected to make a major announcement involving increased integration of their production facilities, which could mark the beginning of a new wave of consolidations.
The new threats are meant to ratchet up pressure on 156,000 GM, Ford and Fiat Chrysler workers whose labor agreements expire on September 13, 2019. After decades of wage and benefit concessions imposed by the United Auto Workers union in the name of “saving” jobs, workers are determined to recoup lost income now that the US automakers have made almost eight straight years of large profits.
Kristin Dziczek of the corporate-funded Center of Automotive Research recently told the industry publication Automotive News that GM’s plant closings “might actually help the membership focus on jobs and survival more than getting more, more and more in terms of raises, benefits and bonuses.”
As it has done in one contract negotiation after another, the United Auto Workers hopes to use the job cut threats to dragoon workers into accepting labor agreements that boost corporate profits and funnel more money to the UAW itself. A significant portion of what has been robbed from autoworkers over the last 40 years has found its way into the more than $1 billion in assets controlled by the UAW in the form of payments recycled through joint labor-management “training centers,” shares in corporate stock and outright bribes.
The Detroit News reported Monday that federal prosecutors may be close to indicting Norwood Jewell, the UAW vice president who oversaw negotiations with Fiat Chrysler in 2015. The contracts pushed through over mass opposition retained the hated two-tier wage system and sharply expanded the number of low-paid, part-time temporary workers.
Jewell has long been suspected of being the unnamed top UAW official known as “UAW-3” in the corruption case, which involved the payment of millions of dollars in bribes to UAW officials by Fiat Chrysler executives.
Sources told the News that Jewell illegally used funds from the UAW-Chrysler National Training Center to pay for more than $10,000 worth of golf resort accommodations in Palm Springs, California, and Disney World tickets. Jewell, who abruptly retired in January after the News linked him to the investigation and his home was searched by federal agents, has been identified as the high-ranking union leader who received approximately $50,000 worth of lavish gifts and benefits from Fiat Chrysler executives.
“The gifts include an Italian shotgun and a $30,000 party that featured strolling models who lit labor leaders’ cigars, all paid for with Fiat Chrysler cash that was supposed to be spent training blue-collar workers,” the News reported.
With anger against the threatened closings erupting against autoworkers, the UAW is working with the Trump administration and various Ohio and Michigan Democrats to blame the job cuts on workers in Mexico, China and even Canada. “GM is a major importer of their own brands from China, Canada and Mexico now sold in the United States,” complained UAW President Gary Jones in The Hill. He urged politicians who have handed billions in tax cuts to GM to “support taxes and trade laws that reward US investment and hold companies accountable for their actions.”
While the UAW is adamantly opposed to any industrial action by workers to stop the plant closings, the Free Press cited the remarks of Marick Masters, a business professor at Wayne State University, who warned that workers might break free from the constraints of the unions: “Look at the wildcat strikes that occurred among teachers in West Virginia and other states. There’s a growing militancy among some workers and people who have reached perhaps the tipping point. People take extreme action when they feel there’s no alternative.”
Ten years after the global financial crash, there are growing signs of working class opposition and anger throughout the US and internationally. The high point is the mass “yellow vest” protests in France against Emmanuel Macron, the “president of the rich.”
The meeting, which included GM, Ford and Fiat Chrysler workers from throughout the Midwest, unanimously endorsed a resolution to fight for the establishment of rank-and-file committees, independent of the UAW, the Canadian Unifor union and other unions, in all the affected workplaces, factories and neighborhoods, to oppose the plant closures.
The resolution said these committees should advance the interests of workers against corporate management and mobilize workers, based on their own demands, including abolishing the two-tier wage system and fighting for industrial democracy. Rejecting the toxic nationalism of the UAW and other unions, the resolution calls for a fight for “the unity of American workers with our class brothers and sisters in Canada, Mexico and the rest of the world.”
THE BILLIONAIRES’S GLOBALIST DEMOCRAT PARTY FOR WIDER
OPEN BORDERS
the true cost of all that “cheap” labor is passed
along to the middle class.
"This doesn't include the costs
of illegal immigration to society, which provides health care, housing, education, child
care, and legal services to illegal aliens. Even though immigration
advocates claim that illegal aliens do indeed pay taxes, the dollar
amount pales
in comparison to
the cost of the many services they receive."
https://mexicanoccupation.blogspot.com/2018/11/the-globalist-democrat-party-for-wider_29.html
"The tax overhaul would mean an unprecedented windfall for the
super-rich, on top
of the fact that virtually all income gains during the period of
the supposed
recovery from the financial crash of 2008 have gone to the top 1
percent income
bracket."
BILLIONAIRES FOR wider OPEN BORDERS TO KEEP WAGES
DEPRESSED and AMERICA FLOODED WITH FOREIGNERS.
But
Benioff’s cheap-labor importation plan would also shrink the income and careers
sought by millions of American college graduates, many of whom will vote in
2020 for or against Trump.
*
The nation’s workforce now includes roughly 1.5
million foreign college-graduate contract-workers who are imported via the
H-1B, L-1, OPT, O-1, J-1, and other visa programs. These outsourcing workers
are not immigrants, but instead, they are contract workers hired for one to six
years, at lower wages, to take jobs that would otherwise go to American
graduates.
*
The Americans’ salary loss, however,
would be a gain for the CEOs who see their profits rise and their
stock options spike as middle-class salaries decline.
REVOLUTION STIRS IN AMERICA
“It will more likely come on the heels of
economic dislocation and dwindling wealth to redistribute.”
*
"Between 2002 and 2015
annual earnings for the bottom 90 percent of Americans rose
by only 4.5 percent, while earnings for the top 1 percent grew by
22.7 percent, according to the Economic Policy Institute. Under the
Obama administration, more than 90 percent of income gains since the
so-called “recovery” began have gone to the top one percent."
“Our entire crony capitalist
system, Democrat and Republican alike, has become a kleptocracy
approaching par with third-world hell-holes. This is the way a great
country is raided by its elite.” ---- Karen McQuillan THEAMERICAN
THINKER.com
"A defining expression of
this crisis is the dominance of financial speculation and
parasitism, to the point where
a narrow international financial aristocracy plunders
society’s resources in order to
further enrich itself."
THE BILLIONAIRES’S GLOBALIST DEMOCRAT PARTY FOR WIDER
OPEN BORDERS
the true cost of all that “cheap” labor is passed
along to the middle class.
"This doesn't include the costs
of illegal immigration to society, which provides health care, housing, education, child
care, and legal services to illegal aliens. Even though immigration
advocates claim that illegal aliens do indeed pay taxes, the dollar
amount pales
in comparison to
the cost of the many services they receive."
https://mexicanoccupation.blogspot.com/2018/11/the-globalist-democrat-party-for-wider_29.html
Meanwhile, despite the
highest taxes in the nation, California is $1.3 trillion in debt – unemployment
is at a staggering 11%. California's wacko giveaways to illegals
include in-state tuition, amounting to $25 million of financial aid. Nearly
a million illegals have California driver's licenses. L.A. County has 144% more registered voters
than there are residents of legal voting age. Clearly, illegals
are illegally voting.
WALL STREET,
GLOBALIST, BILLIONAIRES and the OPEN BORDERS ADVOCATES FINISH OFF
MIDDLE-AMERICA.
Ryan asked how much
longer will the working-class not matter “because it’s becoming impossible for
them to keep their nose above water.”
“Where’s the social compact that we used to have between
corporations and their workers? Where’s the social contract between the
government and our workers?” asked Ryan. “I mean,
it’s like the worker — there’s always an excuse that the worker is going to get
hammered, that they’re going to lose their pensions, they’re going to lose
their jobs, they’re going to have to move. Meanwhile, corporations, in this
instance, General Motors got $157 million in tax cut just last year. I mean how
much longer are we going to do this to where the worker doesn’t matter? And I
hope this is a real wake-up call for us to say, workers, white, brown, black,
gay, straight, working-class people have got to come together because it’s
becoming impossible for them to keep their nose above water anymore.” REP. TIM RYAN
GENERAL MOTORS DUMPS
THOUSANDS OF WORKERS AND CLOSES PLANTS
- Stockholders celebrate!
"It
identifies socialism with proposals for mild social reform such as “Medicare for
all,” raised and increasingly abandoned by a section of the Democratic
Party. It cites Milton Friedman and Margaret Thatcher to promote the
virtues of “economic freedom,” i.e., the unrestrained operation of the
capitalist market, and to denounce all social reforms, business
regulations, tax increases or anything else that impinges on the
oligarchy’s self-enrichment."
“The
yearly income of a typical US household dropped by a massive 12 percent,
or $6,400, in the six years between 2007 and 2013. This is just one of the
findings of the 2013 Federal Reserve Survey of Consumer Finances released
Thursday, which documentsa sharp decline in working class living standards and
a further concentration of wealth in the hands of the rich and the
super-rich.”
"The American phenomenon of record stock values fueling an ever
greater concentration of wealth at the very top of society, while the
economy is starved of productive investment, the social infrastructure
crumbles, and working class living standards are driven down by entrenched
unemployment, wage-cutting and government austerity policies, is part of
a broader global process."
"A
defining expression of this crisis is the dominance of financial speculation
and parasitism, to the point where a narrow international financial aristocracy
plunders society’s resources in order to further enrich itself."
TRUMPERNOMICS FOR THE RICH…. and his
parasitic family!
Report:
Trump Says He Doesn't Care About the National Debt Because the Crisis Will Hit
After He's Gone
"Trump's
alleged comment is maddening and disheartening,
but at least he's being straightforward about his indefensible
and self-serving neglect. I'll leave you with this reminder of the scope of the problem, not that anyone in power is going to do a damn thing about it."
but at least he's being straightforward about his indefensible
and self-serving neglect. I'll leave you with this reminder of the scope of the problem, not that anyone in power is going to do a damn thing about it."
TRUMPERNOMICS:
THE SUPER RICH
APPLAUD TWITTER’S TRUMP’S TAX CUTS FOR THE SUPER RICH!
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