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GM Will Spend $109 Million To Preserve 96 Michigan Jobs

Tyler Durden's picture




 

And so we get another example of government efficiency at work. The still taxpayer funded General Motors has just announced it will spend $109 million to keep and add 96 jobs. This amounts to $1.135 million per employee. That's right, a carmaker is about to spend on a per worker basis, roughly what an average Goldman worker makes in base+bonus... in the hub of wage expansion, Michigan.

From Bloomberg:

General Motors will invest $109 million in its operations in Flint and Bay City , Mich., to support engine production for current and future fuel-efficient small cars produced for the U.S. market. The investment will protect or add 96 jobs at the two sites.

"This investment marks the second major increase in engine and engine component output in less than six months - a sign that GM is moving quickly to meet growing demand for more fuel-efficient cars," said Terri Burden, Flint Engine Operations plant manager.

In November 2010, GM announced plans to invest $151 million and protect 143 jobs at the Flint and Bay City plants. The latest investment is part of a $2 billion investment to create or retain more than 4,000 hourly and salaried jobs at 17 facilities in eight states.

"This additional GM investment in the Ecotec engine is a testament to all the UAW Local 599 members who have worked so hard to make the 1.4-liter engine America's first choice," said Terry Everman, chairman of UAW Local 599 at Flint Engine Operations.

Of the $109 million, $84 million will be used at Flint to increase 1.4-liter engine capacity. Bay City's investment of $25 million is for connecting rods and camshafts used in the engine.

 

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Fri, 05/13/2011 - 10:10 | 1271541 TheTmfreak
TheTmfreak's picture

Kind of like that white house temporary job initiative?

Fri, 05/13/2011 - 10:33 | 1271637 nope-1004
nope-1004's picture

Clearly the average Goldman employee is overpaid.

 

Fri, 05/13/2011 - 10:35 | 1271654 TheTmfreak
TheTmfreak's picture

Are they? They sure can accumulate a hell of a lot of money (private and public) for their company...

Fri, 05/13/2011 - 10:54 | 1271724 TruthInSunshine
TruthInSunshine's picture

SCORECARD OF TRUTH:

Actual Unemployment Rate = 22% (see John Williams SGS *Shadow Government Statistics* alternative unemployment rate reflecting methodology that includes "long-term discouraged workers" that the Bureau of Labor Statistics in 1994 under the Clinton Administration redefined away from those considered "unemployed."
http://www.shadowstats.com)

Real Inflation Rate = 8.8% Annualized (with a head of steam baked into the cake to possibly accelerate this significantly by Q3)

Government Net Transfer Payments = 51% of U.S. Population

1 out of 7 Americans on SNAP (aka Food Stamps)

U.S. Deficit (Annual Revenues - Expenditures) = -1.9 Trillion

U.S. Debt = Officially stated as 15 Trillion as of 2011 (actual is 56 Trillion to 202 Trillion; reference David M. Walker & Laurence Kotlikoff) - U.S. Is Bankrupt

U.S. Government Spending as % Component of U.S. GDP at Present = Approx. 1.6% (so if GDP is stated as 3.2%, U.S. 'Organic' GDP is only rising at 1.6%)

Approximate % of GDP Growth that is Nominal & Attributable to Inflation = 1.1% (so that 'Organic' 1.6% Growth in GDP is closer to 0.5% - not enough to stop further job losses and close to the point whereby we could start contracting again very soon)

 

You're Doing A Heckuva' Job, Bernank! (crushing consumption and organic economic & job growth while ratcheting inflation higher, all in one fell swoop)

Fri, 05/13/2011 - 11:04 | 1271785 nope-1004
nope-1004's picture

The current discussion about rising food prices and the fears of inflation are largely overstated.  I attribute increases in food prices in developing nations a result of the people in those nations having more sophisticated diets.

 

- Benocide

 

 

Fri, 05/13/2011 - 10:32 | 1271644 MisterAmbassador
MisterAmbassador's picture

LMAO.

Tyler, who seriously gives a phuck anymore?

It's all over.

Tyler, do you happen to actually look like 1990s Brad Pitt?  If so, and if I were gay, I'd totally hit that...

BTW, Tyler is just part of my delusion, everyone.  Just wait until I shoot myself in the cheek...

/snorts anotha line of coke/

Gonna be a hell of a weekend, my ZeroHedge anonymous friends who know me better than most...  A hell of a weekend, indeed.

"If you erase the debt record, we all go back to zero..."

If I die, the Big Bang just happens again...

Have a good weekend, everyone.  I know I will.  Flag this as junk to make yourselves feel better.

Fri, 05/13/2011 - 10:44 | 1271681 tmosley
tmosley's picture

I thought your codename was "Duchess".  What gives, Mister Ambassador?

Fri, 05/13/2011 - 11:46 | 1271892 TheAkashicRecord
TheAkashicRecord's picture

I use Archer as a litmus test for taste.  

Fri, 05/13/2011 - 11:05 | 1271792 Abitdodgie
Abitdodgie's picture

Hook me up !

Fri, 05/13/2011 - 16:09 | 1272758 -Michelle-
-Michelle-'s picture

Strangely enough, this is pretty much how I feel at this point.  Minus the gay and the coke.

Fri, 05/13/2011 - 10:33 | 1271647 aint no fortuna...
aint no fortunate son's picture

I guess we know who picked up the tab at Tryst

Fri, 05/13/2011 - 10:11 | 1271546 LawsofPhysics
LawsofPhysics's picture

Fuck GM, the taxpayers want their money back.

Fri, 05/13/2011 - 10:12 | 1271553 TheTmfreak
TheTmfreak's picture

Taxpayers (non GM) never wanted tax dollars to go there in the first place.

Fri, 05/13/2011 - 11:40 | 1271811 hedgeless_horseman
hedgeless_horseman's picture

More saving or creating jobs...

Allied Bank (new bailed-out GMAC) is now a heavy supporter of National Public Radio, helping to perpetuate the "journalistic" tradition of NPR reporters interviewing other NPR reporters as "experts" on any and all topics.

Fri, 05/13/2011 - 11:51 | 1271895 TheTmfreak
TheTmfreak's picture

While I always knew NPR was awful there was one story that finally did it in for me. The "experts" they bring are just awesome...

This one random story about the civil war. This woman who was an "expert" on civil war history stated that "only blacks were slaves" during that time. I did what anybody with common fucking sense did. (Call my congressman and demand these people be put under?) No, I turned it off.

Fri, 05/13/2011 - 12:04 | 1271932 tmosley
tmosley's picture

Indentured servitude had long since been disappeared by the time of the Civil War, though it was still legal until the end of the 1800's.

Or were you talking about Indians, or other nations, or what?

Fri, 05/13/2011 - 12:52 | 1272132 TheTmfreak
TheTmfreak's picture

Oh i'm definitely not talking about indentured servitude. Exactly what you're saying. Literally what that woman said was "blacks were the only slaves." Which is a flat out false statement. It certainly reinforced to never assume anybody is an "expert." I also learned that very much later in life, when I was able to take the reins and be a somewhat "decision maker." Thats when i found out everybody is just making the shit up as they go.

Fri, 05/13/2011 - 13:48 | 1272304 hedgeless_horseman
hedgeless_horseman's picture

It used to be the case that reporters would actually leave the studio to interview witnesses, experts, and men and women on the streets.  Now, on NPR and most other MSM programs, they sit at a computer and interview their fellow "journalists" who give their "expert opinions" which we are supposed to believe to be the facts.

 

 

Fri, 05/13/2011 - 14:12 | 1272374 TheTmfreak
TheTmfreak's picture

And these dogmatic fools like to talk about how NPR actually brings news rather than just "celebrity gossip" like they claim other news stations do. (I'm not defending mainstream news).

Meanwhile they run stories like lets take a look at "Bill Clinton" a little 6 year old boy in Kenya, or some stupid bullshit like that. That is NOT fucking news. They do that all the time. I remember when they were running this "Story" and it was such a give a fuck less "story." There is hardly any defending this organization, any more than the rest. I'm not going to go around and just repeat the traditional line "Their LIBERAL LIBERAL LIBERAL." I'll just say they're a bunch of dumbasses and hypocrits.

Fri, 05/13/2011 - 14:54 | 1272507 hbjork1
hbjork1's picture

tmosley,

+1.  I think your posting is completely correct.  One group of my forebearers had been pre-Civil War southerners and a great grandfather had lost 3 brothers as soldiers for Confederacy.  I was raised in the northern edge of the "South" with a number of family friends who could talk about what "grandaddy did during the Civil War". 

I had the feeling that the "Trail of Tears" was avoided because it was embarrassing but questions surrounding the civil war were openly discussed. 

I am pretty sure that any "white" servitude was voluentary, although there were many "shavecroppers" who were poorly paid.    

Fri, 05/13/2011 - 10:12 | 1271554 williambanzai7
williambanzai7's picture

I read somewhere today that global vehicle ownership peaked 5 years ago.

Fri, 05/13/2011 - 11:19 | 1271820 Dr. No
Dr. No's picture

I bet the same could be said of houses.

Fri, 05/13/2011 - 12:15 | 1271974 sun tzu
sun tzu's picture

I doubt it. China has just surpassed the US in auto sales in the past few years. More people in India, Africa, South America, and Seatheast Asia are buying cars. It might have peaked in Europe and North America, but the rest of the world is just getting started.

Fri, 05/13/2011 - 12:45 | 1272103 JR
JR's picture

General Motors is a post office that makes cars.

Fri, 05/13/2011 - 10:17 | 1271555 GetZeeGold
GetZeeGold's picture

 

Lottery jobs bitchez!

 

.....and no....you can't just have the million dollars....nice try.

 

 

Fri, 05/13/2011 - 11:56 | 1271911 hedgeless_horseman
hedgeless_horseman's picture

"This additional GM investment...is a testament to all the UAW Local 599 members who have worked so hard."

I see the clouds that move across the sky
I see the wind that moves the clouds away
It moves the clouds over by the building
I pick the building that I want to live in

I smell the pine trees and the peaches in the woods
I see the pinecones that fall by the highway
That's the highway that goes to the building
I pick the building that I want to live in

It's over there, it's over there
My building has every convenience
It's gonna make life easy for me
It's gonna be easy to get things done
I will relax alone with my loved ones

Loved ones, loved ones visit the building,
take the highway, park and come up and see me
I'll be working, working but if you come visit
I'll put down what I'm doing, my friends are important

Don't you worry 'bout me
I wouldn't worry about me
Don't you worry 'bout me
Don't you worry 'bout me

I see the states, across this big nation
I see the laws made in Washington, D.C.
I think of the ones I consider my favorites
I think of the people that are working for me

Some civil servants are just like my loved ones
They work so hard and they try to be strong
I'm a lucky guy to live in my building
They own the buildings to help them along

It's over there, it's over there
My building has every convenience
It's gonna make life easy for me
It's gonna be easy to get things done
I will relax along with my loved ones

Loved ones, loved ones visit the building
Take the highway, park and come up and see me
I'll be working, working but if you come visit
I'll put down what I'm doing, my friends are important

I wouldn't worry 'bout
I wouldn't worry about me
Don't you worry 'bout me
Don't you worry 'bout ME...

http://www.youtube.com/watch?v=s9CjnDufqeQ&feature=related

Fri, 05/13/2011 - 10:14 | 1271560 RobotTrader
RobotTrader's picture

New auto industry ETF came out today.

It's called CARZ...

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=carz&ins...

Fri, 05/13/2011 - 10:21 | 1271583 Hondo
Hondo's picture

Good.....short it!

Fri, 05/13/2011 - 10:15 | 1271565 Mercury
Mercury's picture

Now that's winning the future!

Fri, 05/13/2011 - 10:15 | 1271566 tawdzilla
tawdzilla's picture

The gov't stake in GM is only transitory

Fri, 05/13/2011 - 10:20 | 1271586 Mercury
Mercury's picture

Anyone with a Bloomberg (I'm sure it can be reproduced elsewhere) can see that entire transitory portfolio in all it's glory here:

PHDC REV C 177622 [GO]

Fri, 05/13/2011 - 10:21 | 1271591 lizzy36
lizzy36's picture

The Black Plague was only transitory.

Fri, 05/13/2011 - 10:35 | 1271646 tip e. canoe
tip e. canoe's picture

nice one lizzy

Fri, 05/13/2011 - 10:37 | 1271663 InconvenientCou...
InconvenientCounterParty's picture

genus homo sapien is transitory.

 

Sat, 05/14/2011 - 13:50 | 1274423 Freddie
Freddie's picture

+1

Barrons now is pimping every week for Obama, GM and GE.    Based on Barrons analysis - you would think GM is Amazon, Apple, Google and Chiptolte.  The must own stock.  Incredible.

Fri, 05/13/2011 - 10:16 | 1271573 hugovanderbubble
hugovanderbubble's picture

Chicago >Train

Fri, 05/13/2011 - 10:19 | 1271574 nobusiness
nobusiness's picture

At least that explains why the Michigan Survey was up

Fri, 05/13/2011 - 10:26 | 1271600 Sophist Economicus
Sophist Economicus's picture

Mystery Bud Lite drinkers at Tryst solved too!

The Bud lites were for a couple of the union hall boys that tagged along with the politicos and UAW honchos that arranged this assine deal!

 

Those UAW guys, always looking out for the rank-and-file

Fri, 05/13/2011 - 10:20 | 1271576 Atomizer
Atomizer's picture

Change You Can Believe In

Fri, 05/13/2011 - 10:17 | 1271577 Hondo
Hondo's picture

I'd never ever buy a GM car.....never have never will.

Fri, 05/13/2011 - 10:20 | 1271590 duo
duo's picture

Exactly.  It's not in my economic interest to buy a product where the profits are used to buy politicians and support unions who have sworn to destroy my standard of living.

Fri, 05/13/2011 - 10:27 | 1271605 TheTmfreak
TheTmfreak's picture

I have been looking around leisurely for a good deal on a Diesel 4x4 truck so for shits and giggles I looked at buying a new one from Ford (F250) and GM (i would never buy from them but thought i'd check).

Sure enough the exact same truck at GMC was like 2 or 3k cheaper than Ford. Wonder how thats possible....

Fri, 05/13/2011 - 10:25 | 1271612 SheepDog-One
SheepDog-One's picture

With full taxpayer funding, anything is possible.

Fri, 05/13/2011 - 10:29 | 1271618 TheTmfreak
TheTmfreak's picture

So said the Soviet Union...

Fri, 05/13/2011 - 10:38 | 1271653 GetZeeGold
GetZeeGold's picture

 

So said the Soviet Union...

 

SEIU.....concurs.

 

 

Fri, 05/13/2011 - 18:16 | 1273160 Maos Dog
Maos Dog's picture

there are good deals to be had on f250's if you look at used fleet vehicle sales. Yes, they have crazy mileage for their age, but they are well maintained. Start with Ebay and Enterprise

Sat, 05/14/2011 - 00:11 | 1273761 TheTmfreak
TheTmfreak's picture

I've looked at other places. I've seen some great deals. There is no doubt about it that I'll be buying an F250. I don't think i can bring myself to pay for a new vehicle for what those cost. I bought my current car with some serious discounts. (About 6k off the sticker price). I doubt I'd be able to get even close to that on the truck.

I've seen some that are like 70k miles for 18k. Not a bad price if you ask me.

Fri, 05/13/2011 - 11:12 | 1271801 duo
duo's picture

ditto for GE, Monsanto, etc.

Fri, 05/13/2011 - 11:13 | 1271802 riley martini
riley martini's picture

  Only the banksters should be given free money to buy politicians, all wealth should flow in one direction not. Nice post let me guess a ditto head or a Tea Partier who never stood up and fought for a living wage . Now aren't they bitter the Tea Partiers will be led to lower wages and more bitterness.

 

Fri, 05/13/2011 - 13:28 | 1272255 tarsubil
tarsubil's picture

Can you name one union that isn't run by the mob or isn't in the pocket of the industry that they are supposedly fighting?

Fri, 05/13/2011 - 22:50 | 1273654 BrosMacManus
BrosMacManus's picture

so ur solution is to fight corruption with more of it...brilliant.

Fri, 05/13/2011 - 12:27 | 1272039 RKDS
RKDS's picture

"Sworn to destroy my standard of living?"

You have to be on drugs...workers, unionized or not, want a better standard of living.  Oh, wait, are you some moneyed assclown who is "entitled" to 20 mansions while the people who build your product and run your company huddle inside a cardboard box?

Fri, 05/13/2011 - 22:49 | 1273656 BrosMacManus
BrosMacManus's picture

and government motors went bk, why?

Fri, 05/13/2011 - 10:28 | 1271627 Dr. Engali
Dr. Engali's picture

BMW all the way.

Fri, 05/13/2011 - 10:33 | 1271648 TheTmfreak
TheTmfreak's picture

Significantly over priced. Also parts and labor? Forget about it. I had an audi and I wanted to slit my wrists when it needed work, which was every other second. Now my dad has it and he just can't seem to get himself to get rid of it.

The only thing "good" about them is they "keep their value." Just means other people are willing to buy a car for the name and willing to get hit with those massive costs.

I do like the fact reverse is the "first" gear on a manual though.

Fri, 05/13/2011 - 10:38 | 1271667 Dr. Engali
Dr. Engali's picture

 I was a GM buyer for years simply because I got the discount. I bought a BMW because I was tired of owning crap and I have never been sorry. I'll never own a domestic piece of shit again.

Fri, 05/13/2011 - 10:49 | 1271716 TheTmfreak
TheTmfreak's picture

They're "not bad" cars however don't forget its just a car. I mean... I leave it at that. So many people get bent out of shape about their vehicle. It is just a fucking car. I accept it is a time bomb of an "asset" (I call it a liability). Since I accept that fact I treat it for what it is. I bought a 2009 Ford Focusand couldn't be happier. For what I paid I can buy two of these for what a BMW costs, and mine is "decked out" as well. I paid just over 16k for mine brand new.

Mine gets better gas milage and costs a fraction to fix. Since I can buy two of them, if mine "shits the bed" years down the road, oh well. Any problems I have to fix, well thats simple and cheap.

Fri, 05/13/2011 - 10:18 | 1271582 lizzy36
lizzy36's picture

That Volt is going to be HUGE.

As i said before, with a $50B tax payer funded tax shelter, coming out of bankruptcy, this is just government funded fiscal stimulus.

Green jobs. BOOYAH.

Another 2.90m (rounding) jobs in the next 6 weeks and janet yellens QE2 jobs forecast will be correct.

Fri, 05/13/2011 - 11:36 | 1271863 ElvisDog
ElvisDog's picture

But Lizzy, according to Yellen's computer models QE2 did produce 2.9 million jobs.

Fri, 05/13/2011 - 10:18 | 1271584 JustPrintMoreDuh
JustPrintMoreDuh's picture

Sustainable!

Fri, 05/13/2011 - 10:21 | 1271585 carbonmutant
carbonmutant's picture

The basic problem with this administration is that there is no adult supervision...

Fri, 05/13/2011 - 10:35 | 1271656 Sqworl
Sqworl's picture

You are mistaken...supervision by Unions

Fri, 05/13/2011 - 11:48 | 1271890 carbonmutant
carbonmutant's picture

Why do you think they're adults?

Fri, 05/13/2011 - 10:24 | 1271601 SheepDog-One
SheepDog-One's picture

1.4 litre engine production plant 'to meet the high demand' LULZ!

Well I guess at least it should be easier to stuff the channels with 1.4 litre cars rather than those bulky diesel dualy trucks.

Fri, 05/13/2011 - 13:53 | 1272328 tarsubil
tarsubil's picture

That's what stuck out to me too. 1.4 L , watch out people! Gonna cruise at a crisp 47 mph on the interstate, oh yeah. Seriously, is it a dual turbo or something? 1.4 L is just pathetic. I guess that's progress today.

Fri, 05/13/2011 - 10:23 | 1271603 George Costanza
George Costanza's picture

that's 96 votes, plus related family votes

Fri, 05/13/2011 - 10:26 | 1271614 Dr. Engali
Dr. Engali's picture

What a bunch of fucktards. I thought a corporations duty was to grow profits with a sustainable business model, not be a guarantor of jobs.  Oh for the good old days of real capitalism where dying businesses were left to die.

Fri, 05/13/2011 - 10:27 | 1271620 baby_BLYTHE
baby_BLYTHE's picture

Ron Paul announces 2012 Presidential candidacy on Good Morning America!!!

http://www.youtube.com/watch?v=8DPpGK7pb-A

Fri, 05/13/2011 - 10:37 | 1271650 MrPike
MrPike's picture

Ron Paul is great, however, this country is in the shitter and it's going to get a lot worse.  Americans are knee jerk reactionists, and if the country gets significantly worse right as Ron Paul is elected, or does something smart like abolishing the Fed, Americans will automatically assume it was his fault.  Vote Obama 2012, let the captain go down with the ship. 

Fri, 05/13/2011 - 10:43 | 1271687 TheTmfreak
TheTmfreak's picture

No shit. I was just about to say the same thing. Since we know and he knows that central planning and "governing a country" doesn't work, him being the "governor" or at the seat of central planning just means absolute failure. Particularly right now.

Since we know there is no way he can flick off the bad and all of a sudden shit is "amazing again", he'll be blammed and we'll fall faster into socialistic decline.

While I have yet to vote, and probably won't, if Ron Paul isn't the GOP or Libertarian candidate, I'll consider not voting or voting Obama.

Fri, 05/13/2011 - 10:56 | 1271746 InconvenientCou...
InconvenientCounterParty's picture

"...While I have yet to vote, and probably won't,"

How about committing to something beyond abject apathy? That will instantly catapault you into the upper 50th percentile in this collection of xenophobes.

Not asking for your to consider anything collectivist like the effin PTA or anything. Jeez

Fri, 05/13/2011 - 11:02 | 1271769 TheTmfreak
TheTmfreak's picture

Apathy? I'd hardly call it that. Sure if you want to generalize and gloss over any facts. Sure apathy.

I don't vote because its a bullshit sham. Why would I waste hours of my day over this charade?

 

Who should I have voted for this last presidential election? McCain or Obama? Douchebag or a Turd Sandwich? Neither one "represents me." Choose your executioner makes ALOT of sense... Not.

 

Fri, 05/13/2011 - 11:57 | 1271905 I Told YOU So
I Told YOU So's picture

excellent

Sat, 05/14/2011 - 04:52 | 1273909 geekgrrl
geekgrrl's picture

Same here. What I would really like to see is <20% voter turnout. Nothing says illegitimate government like low voter turnout.

Fri, 05/13/2011 - 11:07 | 1271778 MilleniumJane
MilleniumJane's picture

Your comments helped me make up my mind about what to do come Election Day.  I was about 80% for not voting at all and 20% for participating if Ron Paul got into the fray.  I'm not participating in this sick system anymore.  To paraphrase Cognitive Dissonance, the Machine lives when we give our consent and energy to it.  Ron Paul seems like a good man and I like his ideas but he will fall perfectly into the role of fall guy for the TPTB when this shit starts to unwind even faster.

Fri, 05/13/2011 - 11:10 | 1271800 TheTmfreak
TheTmfreak's picture

It reminds me of recent nonsense from 2008. "Look how capitalism failed." Over generalization, and failing to look at any facts. If the MIGHTY philosophy happens to come across hard times, it MUST be the philosophy. (Forget the fact that others were hit much much harder...) I reject such statements.

Particularly if Ron Paul got to do what Ron Paul wants to do, its not like it would be all "sunshine and roses" for damn near anybody. He would be (rightfully) blammed for that. But is theft for sunshine and roses (for some) really something to strive for?

I'm already too bent up about taxes to begin with. My intention is to becoming an organic local farmer and just stay under the radar. Until this country starts to embrace an environment of personal achievement, consider me peacing out. Sad because I actually want to start my own business and "make something of myself."

 

Fri, 05/13/2011 - 12:38 | 1272065 RKDS
RKDS's picture

Then fucking start your own business under the radar!  Unless you like being under the thumb of big corporate or big government when they're not busy fondling each other?

Fri, 05/13/2011 - 12:52 | 1272142 TheTmfreak
TheTmfreak's picture

I'll leave my comment as, I'm fully aware of this statement, trust me. Where there is business there is business.

 

I took a business class recently and realized how absolutely full of shit the education system is. No kidding, verbitem it said "Business only exists because the government allows it." I'm not even making that up, as ridiculous as it sounds. Teaching college students that. What about illegal business? How is that possible? Pah.

Fri, 05/13/2011 - 11:59 | 1271917 I Told YOU So
I Told YOU So's picture

The PTB have kept RP "alive" for just this event, why create a patsy when you have one available already. Too bad for RP, as much as I like him.

Fri, 05/13/2011 - 13:22 | 1272240 zeek
zeek's picture

The day I give up hope for the premise this country was built on (and we let deteriorate) is the day I die. 

My fifteen year old daughter and I have had the discussion about "where should we move to if it gets bad?"  Even she understands that some things are worth fighting for.

To not vote is a vote for the status quo, and to vote against your beliefs is to render yourself useless.  Do us all a favor and vote your mind.

Fri, 05/13/2011 - 14:00 | 1272344 tarsubil
tarsubil's picture

Fine, we'll write in someone worth a turd and they will receive 6 votes. The idea that voting is some kind of end all be all in participating in government is a lie to make you think the government is legitimate.

Fri, 05/13/2011 - 14:21 | 1272402 TheTmfreak
TheTmfreak's picture

Even though I believe in actual self-governance and spontaneous community organizing, I understand the idea behind bringing government closer to the people. Local and state governments having more "power" than the federal. You can likely hold them much more accountable for their actions.

THe problem today is that the federal government is so fucking far out of where the people are its absolutely a stupid waste of intelligence time to think about fixing any of these problems from the "top down."  Assuming you can fix the problems with this country by taking a top down approach, makes you think JUST like the ones we all hate. Top down control. Bottom up is the ONLY WAY this is going to fix itself. The problem is we have absolutely no focus on the community, local, county, or even state level. All of our attention is FEDERALLY FOCUSED. (I am a perfect example of that). I don't know fuck anything about my neighbors or my city government. I live near DC so you can imagine how pointless that really is anyways.

Finishing my point, voting for the president, particular two who you fundamentally disagree with everything they stand for, or have ever stood for, is like putting a point up on the scoreboard in the sky. Who fucking cares? What difference does that do? I hope one feels proud because "my voice was heard!" No it wasn't. I don't think it matters whether you vote or you don't vote. The only real difference like I said, is whether you're willing to sit for hours with a bunch of more "feel gooders" at a voting booth to pick two people you'd rather see arrested and put in prison for theft and coercion. I choose to use those hours to be productive.

Fri, 05/13/2011 - 15:56 | 1272700 tarsubil
tarsubil's picture

Good point. We are distracted by the Federal elections and then don't even know the local. There is literally a hundred people on the ballot at elections these days. I spent an afternoon learning about each candidate on the ballot last primary and it turns out most of the people I voted for lost and the ones that won were liars. It was just a collasal waste of time and I actually knew the people I voted for. 90% of the people don't even know making the whole thing a farce. We should vote for a state and federal representative and then local officials and that is it, IMHO. It'd concentrate us on representation instead of stupid party politics. People would know who they are voting for and would hold them accountable. There is no accountability today because the system is rigged and built to avoid it through confusion.

Sat, 05/14/2011 - 00:15 | 1273767 TheTmfreak
TheTmfreak's picture

Everything you say makes sense and is fine and dandy. Unfortunately thats how it "used to be." That has all been since changed. The more one really thinks about how each state is supposed to be "sovereign" the more you realize how untrue that is. Like i said, the federal players know ALL eyes are on them. Even the state players. 

Just think about how the mass media works. Some story about "something crazy" that happens in some other state. Next thing you know some federal moron decides he wants to make it a national issue. Some dumbocrat in NY wanting to ban something that has nothing to do with his state. Pah.

Fri, 05/13/2011 - 10:49 | 1271707 InconvenientCou...
InconvenientCounterParty's picture

This should be a very amusing GOP primary. Tell me though, how the F do you muster a campaign on a platform of fear and loathing of your fellow citizens?

A snake with it's tail tickling its own tonsils comes to mind.

Fri, 05/13/2011 - 10:56 | 1271743 TheTmfreak
TheTmfreak's picture

Ask every single democrat of all time.

(Preaching to the choir i'm sure) Every statement about "we have to prevent the population access to such and such bad item" shows utter contempt for people, their intelligence and ability to govern themselves.

The belief that you need government to "help solve x y or z" states that you want to restrain citizens, and you loath their ability to make choices.

Obviously there are more than enough republicants that are the very same. Talk about freedom out of one side of their mouth, but then talk about needing government to restrain particular freedoms that you think are "harmful." Which is it?

Fri, 05/13/2011 - 10:57 | 1271764 InconvenientCou...
InconvenientCounterParty's picture
No man is an Island, entire of itself; every man is a piece of the Continent, a part of the main; if a clod be washed away by the sea, Europe is the less, as well as if a promontory were, as well as if a manor of thy friends or of thine own were; any man's death diminishes me, because I am involved in Mankind; And therefore never send to know for whom the bell tolls; It tolls for thee.
John Donne, Meditation XVII
English clergyman & poet (1572 - 1631)

Fri, 05/13/2011 - 11:02 | 1271781 TheTmfreak
TheTmfreak's picture

And? I never advocated isolating oneself, nor would I ever. I do  not hold the premise that anybody or anything should have a more legitimate authority over yourself. That any entity should have unlimited monopoly over power. (Power in any way you wish at looking at it).

Might doesn't make right, nor does mob rule.

Fri, 05/13/2011 - 16:18 | 1272793 cgbspender
cgbspender's picture

+1 Tryst bar tab.

Fri, 05/13/2011 - 11:39 | 1271878 ElvisDog
ElvisDog's picture

Did you wait in line for a signed copy of Hillary's "It Takes a Village"? If the rest of world goes full-retard being on an island is a preferable alternative.

Fri, 05/13/2011 - 12:27 | 1272043 HagbardC
HagbardC's picture

First of all, the question here is not association, but whether that association is freely chosen or compelled.  

As much as you take on the right to involve yourself in "Mankind", I have the right *not* to be involved in by such as yourself, unless you somehow believe your rights are above mine.  Is that the case?

Yes, I benefit from society such as it is today, but until such time as the value of that benefit can be negotiated, and my participation can be moderated in a reasonable fashion where I can opt out of the tight embrace of the nanny state, and I can exchange value for value for the things I would actually want (roads, public safety, rule of law, stable currency) and eschew the things I don't(perpetual war, perpetual welfare states for the bottom and the top, mega power structures that exist above the law, cowboy poetry), having the latter hung around my neck as the undesired, unnegotiable exchange for the meagre vestiges of the former means that no one can argue that my participation is voluntary.

I wish to define my island as I see fit, with people who just as freely wish to join(or part) from that island at will, and it is my fundamental belief that it is my *right* to discover for myself whether that definition is suitable and correct for my life and values.  If I am wrong, my mistakes will educate me.  As a rational being I believe I have that right to discover for myself the truth rather than have it dictated to me by another.

Who are you, or anyone else, to tell me differently or to attempt to dictate that truth?

 

Fri, 05/13/2011 - 12:57 | 1272152 TheTmfreak
TheTmfreak's picture

The worst part about all of this "so foreign" self-serving talk is that ITS HOW PEOPLE NORMALLY ACT. This is the way it works in all aspects of life. Its so common sense it has evaded people's minds and we have to logically form it out as you have so done now.

It's real simple, if I don't like you, what you're selling or how you deal with me, I'm not going to deal with you. Nobody bonds last forever. lets take friendship for example. When friends no longer benefit you, you naturally stop being friends with them. Its real simple. When times are good you're together, but when the person further and further starts to peel away from you, your values and where you are going in life, you just naturally let those bonds slip.

Fri, 05/13/2011 - 11:19 | 1271828 riley martini
riley martini's picture

 Ron Paul is still loooking for evidence of corruption , as Chairman of the House Banking Committe he knows something is going on , if he just had more proof . What will come out of the hearings with selected  Economic Professors ? Publiticty and the Royal Buffet at the Grand Hyatt complete with campaign contribution envelopes all at tax payer expense.

Fri, 05/13/2011 - 12:06 | 1271941 FreeNewEnergy
FreeNewEnergy's picture

Whether or not Ron Paul becomes the fall guy in 2012, I consider him to be our last, best hope. And I do mean LAST. If he's not elected president in 2012, we are fucking royally screwed with 18 inch tungsten bolts.

Just got off the phone with my sister, an absolute sheeple in every regard, lives in one of the most affluent communities in our area, works as a teacher, 3 kids, the whole shebang and she said she thinks things are getting better because "all the malls are busy."

That, my friends, is how 90% of the US population thinks. She did add that her husband, who ends for their 35 or so rental units, said all of their welfare, food-stamp tenants have "enormous" flat screen TVs and are complaining that $700 a month from SNAP isn't enough to feed their families of four. Not kidding, though I wish I were.

Come to think of it, Ron Paul may be too late. We're already screwed. Must.Buy.More.Silver.

Fri, 05/13/2011 - 13:01 | 1272162 TheTmfreak
TheTmfreak's picture

Brother we are way too late. I try to explain the situation we have gotten into to people and I'm not quite sure they fully realize it (nor do i.) I question whether or not I'd be able to prop myself up in dire times. I'm not stupid, at least I realize that.

I was born into the system, and even though I've been fighting it my own way since the day I was born (ask my parents and grand parents) I'm still a product of it.

Fri, 05/13/2011 - 10:27 | 1271623 Goofy Bastard
Goofy Bastard's picture

Government Efficiency at its best.  I'm sure well-meaning but wildly ignorant Americans will ignore the $109 million part and celebrate the 96 jobs saved. 

Fri, 05/13/2011 - 10:39 | 1271661 oddjob
oddjob's picture

Its only $109 million, no big deal, they can print more after coffee.

Fri, 05/13/2011 - 10:33 | 1271625 digalert
digalert's picture

Bullcrap! Forget the 96 jobs, look at the language used here.

"will protect or add"

"to create or retain"

Kinda looks like they're trying keep them cherished union benefits flowing. How is this going to affect Obama's scramble to unload taxpayer GM shares? Remember when ObaMao said he'd create 3 million jobs changed to "we said save or create jobs"? Neither worked.


 

Fri, 05/13/2011 - 10:59 | 1271761 SoNH80
SoNH80's picture

Weasel words, I haven't seen an Obama Admin. missive without weasel words yet.  They have ratcheted the credibility gap to Grand Canyon size, LBJ was a piker compared to these clowns.  Can't wait to see who's vomited up for the Red Team for 2012, I have a *feeling* that Dr. Paul won't be allowed the prize, voters be damned.

Fri, 05/13/2011 - 11:07 | 1271796 SoNH80
SoNH80's picture

Strike your way to prosperity, the UAW way.  That didn't turn out too "good", eh?

Fri, 05/13/2011 - 10:31 | 1271639 glenlloyd
glenlloyd's picture

At least it's not for production of the 'iron duke' 4 cylinder from the 80's, that engine was a POS.

next in line - after the new Cruze / Volt comes the Trabant.

Fri, 05/13/2011 - 10:51 | 1271715 Moe Howard
Moe Howard's picture

Even the Trablant didn't have a random-removeable steering wheel.

Fri, 05/13/2011 - 12:06 | 1271939 Atomizer
Atomizer's picture

GM branded those mistakes as NASCAR Edition

Fri, 05/13/2011 - 10:55 | 1271736 Sancho Ponzi
Sancho Ponzi's picture

The Cruze 1.4 actually has an iron block. How's that for modern technology.

Fri, 05/13/2011 - 10:59 | 1271759 takinthehighway
takinthehighway's picture

And then comes the "Obama" - think Fred Flintstone's car with 10 air bags.

Fri, 05/13/2011 - 10:34 | 1271640 Dr. No
Dr. No's picture

Well all things considered, $100M for 96 jobs beats spending $5B to hide OBL.

Fri, 05/13/2011 - 10:33 | 1271645 hugovanderbubble
hugovanderbubble's picture

LONG for POMO SPX

Fri, 05/13/2011 - 10:37 | 1271651 citta vritti
citta vritti's picture

So, if the Civilian Labor Force = ~153 million, and official U3 unemployment = ~9%, and TPTB need U3 to be ~6% for status quo to be re-elected in November 2012, doesn’t a per job investment of ~$1 million from government perspective mean that it will take $1.53 trillion per U3 percentage point drop, or $4.59 trillion to get to U3 at 6? QE3 QED @ $4.5-5 trillion, well in line with the severity of the situation.   

Fri, 05/13/2011 - 10:36 | 1271659 lynnybee
lynnybee's picture

I remember when Detroit, Michigan was the crown jewel in the United States of America.   It was "the" place to be.     My Dad would drive all us kids to the TIGERS baseball game, watch Al Kaline, we were there for the games between the TIGERS & the YANKEES (Roger Maris) .     Those were the great times; now, Detroit is being turned back into farm land & green areas, such a shame, such a loss .     Everything changes, sometimes for the worse.    My days of buying G.M. are long gone.

Fri, 05/13/2011 - 11:20 | 1271824 hedgeless_horseman
hedgeless_horseman's picture

"...turned back into farm land & green areas," ain't such a bad thing, and you better get used to it.

"There was a factory, now there are mountains and rivers."

 

http://www.youtube.com/watch?v=068AFYvd58E

Fri, 05/13/2011 - 10:37 | 1271662 dxj
dxj's picture

Populist B.S. that speaks nothing to what return GM plans to make on their $109M.  The jobs talk is P.R. only.

Fri, 05/13/2011 - 10:39 | 1271672 hugovanderbubble
hugovanderbubble's picture

Squeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeze

Fri, 05/13/2011 - 10:41 | 1271673 hugovanderbubble
hugovanderbubble's picture

Squeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeze

Fri, 05/13/2011 - 10:43 | 1271691 beastie
beastie's picture

This is easy. Shut down the plant and give each worker there 1 million dollars that they have to invest in the equity markets. Money saved and according to the Bernank it boosts the economy as well. There is even money left over. Tah Dah!

Fri, 05/13/2011 - 10:45 | 1271703 aerial view
aerial view's picture

General Mess realizes it's easy to make stupid decisions when they have the Govt/taxpayer to bail them out.

Fri, 05/13/2011 - 10:50 | 1271710 Blorf
Blorf's picture

Do the jobs involve digging holes and then filling them back in with dirt?

Fri, 05/13/2011 - 10:51 | 1271725 Moe Howard
Moe Howard's picture

It's all a cover story, they are digging up $5 silver under the factory floor.

Fri, 05/13/2011 - 11:03 | 1271774 riley martini
riley martini's picture

 Primary Dealers have the modern day hole digging jobs.

Fri, 05/13/2011 - 10:53 | 1271722 Jim in MN
Jim in MN's picture

How much is it annualized and discounted?  Using real or inflation-adjusted dollars?  Which inflation adjustment (govt vs MIT/Shadow Stats) and effective interest rate?  Over what time frame?

Remember, it's fiat boogie-woogie currency.  Fun bashing socialism, but really?  Math suddenly gets bad when it's a manufacturing investment?

Fri, 05/13/2011 - 10:50 | 1271723 SamuelMaverick
SamuelMaverick's picture

Why the fuck is GM ' investing' 109 million to save any jobs. They should be investing to produce a needed quality product at a fair price. They just guaranteed that I will never buy their stock until they gut their entire management . Idiots.

Fri, 05/13/2011 - 11:19 | 1271819 docj
docj's picture

Why the fuck is GM ' investing' 109 million to save any jobs.

GM isn't 'investing' anything - you and I are.

Fri, 05/13/2011 - 15:16 | 1272566 hbjork1
hbjork1's picture

Some of that investment is technology related in that electrical and electrically assisted primary power is being seriously applied.  This is totally new and may have spillover into other products.   

For many years, the power centers were Finance, Manufacturing, Engineering and Sales.  During recent decades Finance has been more or less in control (think Roger Smith) with Manufacturing also a big factor.  Temporarily, at least, Engineering has an important role.  Much of what is being done may go "on the shelf", but the effort to address the energy cost issues are getting serious attention.

Robotics are also getting increased application.  Workers who can design and maintain robots can be paid more. 

IMO, just as we are seeing previously unbelievable technology in medicine become routine, we can expect to see an impact of robotic activity on other areas of public need. 

Fri, 05/13/2011 - 23:00 | 1273668 BrosMacManus
BrosMacManus's picture

if that's the case, and i have no reason to claim it isn't, then that's what the press release should have focused on....not creating, saving, retaining 96 effin jobs. certainly not a good reason to buy anything they're selling. the only reason domestic cars are currently price competitive with higher quality foreign imports is thanks to the bernank.

this is where the jobs went: http://apps.detnews.com/apps/multimedia/player/index.php?id=1189

 

Fri, 05/13/2011 - 10:57 | 1271749 Clowns on Acid
Clowns on Acid's picture

In the BBG report just substitiute "The Regional Central Planning Committee" for "GM" and the announcement looks very similar to one in Pravda put out by the Soviet geniuses in 1970s Russia. And of course the Russians made such great cars back then.

Fri, 05/13/2011 - 10:57 | 1271763 riley martini
riley martini's picture

 The way I read the article GM is expanding thier engine manufactoring facility to increase production. Probably bacause of the loss of production from the earth quake in Japan .

Fri, 05/13/2011 - 11:02 | 1271772 High Plains Drifter
High Plains Drifter's picture

that's why they call it government motors.......

Fri, 05/13/2011 - 13:37 | 1272289 topcallingtroll
topcallingtroll's picture

GM management let it slip they are very upset with the nickname.

Keep using it.

Fri, 05/13/2011 - 11:13 | 1271780 sun tzu
sun tzu's picture

It's not your money. It belongs to Obama. He created or saved your job.

Fri, 05/13/2011 - 11:06 | 1271784 Kickaha
Kickaha's picture

Several years ago, I read an article about a fully automated Jap transmission plant manned by eleven maintenance and repair workers.

The "high-wage" business model favored by the UAW tends to force the automakers into massive capital investment projects.  The trend in all manufacturing is towards full automation.

While you might want to argue why in the world this channel-stuffing government business wants to expand production, once that decision has been made, the ratio of capital invested to jobs created will keep ratcheting skywards.  Think of those welding robots and the one or two guys who program them.

There may be some political problems created by this trend.

Fri, 05/13/2011 - 11:15 | 1271815 sun tzu
sun tzu's picture

They can always give the cars away to the underpriveliged and oppressed

Fri, 05/13/2011 - 23:05 | 1273674 BrosMacManus
Fri, 05/13/2011 - 11:11 | 1271804 Eureka Springs
Eureka Springs's picture

Those emplyee costs are also similar to a per soldier yr/cost in AF Pak/ Caspian looting efforts.

Fri, 05/13/2011 - 11:14 | 1271814 Pez
Pez's picture

At least the GM workers produce something tangible.

Fri, 05/13/2011 - 11:16 | 1271821 sun tzu
sun tzu's picture

Everytime I sit on the toilet I produce something tangible

Fri, 05/13/2011 - 11:28 | 1271838 Dr. Engali
Dr. Engali's picture

An over priced piece of crap nobody wants. Unless of course it gets discounted out the ass with rebates,employee discounts ,friend of a friend of a friend who once recommended a hooker  to a friend discount. You get the picture.

Fri, 05/13/2011 - 23:07 | 1273675 BrosMacManus
BrosMacManus's picture

lasts as long, and of the same quality as the "tangible" goods we get from the chi-coms.

Fri, 05/13/2011 - 11:20 | 1271823 Rainman
Rainman's picture

GM meets Q1 earnings expectations and the stock drops 3.1%. Timmay expects Q2 or 3 to be a better time to dump his shares. But the prices on used vehicles are skyrocketing since the clunker fiasco pulled so many used cars off the road. The old "drive and trade every 3 years" habit has been shaken out of the marketplace. If only they could revive the planned obsolescence strategy.

http://www.bloomberg.com/news/2011-05-13/jpmorgan-morgan-stanley-said-to-likely-lead-u-s-sales-of-gm.html

Fri, 05/13/2011 - 11:30 | 1271844 baby_BLYTHE
baby_BLYTHE's picture

Luke Rudkowski from WEARECHANGE confronted chairsatan, Ben S Bernanke, at elistist cocktail party gathering this past week!!!

http://www.youtube.com/watch?v=4AcpznV4RGY

Fri, 05/13/2011 - 11:43 | 1271880 TruthInSunshine
TruthInSunshine's picture

God Bless those young people. They have more courage, conviction, ambition and pride than 99.99% of the adult population.

If they're the future, we're going to be okay.

I want to see more of them.

What a sight for my sore eyes.

We Are Change Chicago Destroys Ben Bernanke

Thanks for posting that.

Fri, 05/13/2011 - 11:54 | 1271900 I am Jobe
I am Jobe's picture

Nice. Good job on the question. Time for this fucking country to wake up and drag the asholes and familes to shame and shut down the FED reserve.

Fri, 05/13/2011 - 15:03 | 1272533 slewie the pi-rat
slewie the pi-rat's picture

thx, b_B

Fri, 05/13/2011 - 11:43 | 1271886 PulauHantu29
PulauHantu29's picture

Millions more printed....

Very, very Bullish for PMs and oil.

Very, very bad for those seniors and savers on a fixed income as inflation dooms them to the cheapest brand of cat food for years to come.

Fri, 05/13/2011 - 11:51 | 1271899 NotApplicable
NotApplicable's picture

Hopefully they've still got good teeth, as that canned stuff is expensive already.

Fri, 05/13/2011 - 11:52 | 1271897 NotApplicable
NotApplicable's picture

Lemme guess, Ecotec engines run on the methane produced by political promises?

Otherwise, it's just another malinvestment.

Fri, 05/13/2011 - 11:50 | 1271898 granolageek
granolageek's picture

So basically, no company should ever invest money to retool a manufacturing plant to make a new product? GM is investing the money to make a new model engine. This will apparently result in some increase in employment at the plant that makes those engines.

 

The only way this could be bad business is if it doesn't need a new engine for competitive reasons. This is most unlikely, the auto biz actually is highly competitive.

 

Have you guys ever actually made anything or are you just wannabe squids?

Fri, 05/13/2011 - 23:15 | 1273688 BrosMacManus
BrosMacManus's picture

the flow of the convo here is .gov motors, and those it employs, no longer gets the benefit of the doubt. lots of doubt AND a shitty product. .gov had to swing in and bailout the sumbitches for a reason.

Fri, 05/13/2011 - 11:53 | 1271903 youngman
youngman's picture

96 workers...that is all that is left to work in Michigan...all the others are on the government dole...freeloaders...welfare rats...you know the kind..that is much easier than showing up every day and have to do something...

Fri, 05/13/2011 - 15:19 | 1272565 jmc8888
jmc8888's picture

I'll take "Absolutely 0 percent of the problem" for $2,000 Alex

Answer: Welfare of all forms

The next question

What was the result of the repeal of Glass-Steagall?

Answer: Everything you see and feel about the economy

Why do people still believe the welfare propaganda?  You do realize those on welfare have been screwed the MOST by the fed, the banks, the imperial monetarism?

Welfare. Ha. Approximately 0.000000000000000001 percent of the overall money going around, not to mention derivatives, give or take.  It's the freeloaders? Yeah, because Jimmy and Betsy buying Ramen and sending the rest to utilities and rent from Uncle Sam + McDonalds Job surely is the problem.  Surely when Betsy has a college degree but can't get a job.  Jimmy has one too, but they want people with 25 years experience.

No it has no negative drawback, because welfare doesn't cause 1.4 quadrillion, nor even register a blip against it. 

The engine is the base of the car, although working on 1.4L engine doesn't sound very research-y.   How about a 200 mpg car whatever the liter but doesn't kill you when changing lanes?

Did people get beat as kids for asking questions or something? Maybe just dropped on their heads as infants.

Fri, 05/13/2011 - 12:00 | 1271919 Stuck on Zero
Stuck on Zero's picture

It's all BS.  The $109 million buys a large lights-out factory that churns out engines.  The headline about saving jobs is meaningless drivel to make the public happy.  Most jobs in lights-out factories are to sweep up around the machines.

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