WHAT YOUR GRANDCHILDREN WILL HAVE TO PAY!

Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” —Ronald Reagan

WITH THE CONGRESS AND THE PRESIDENT SPENDING OUR TAX DOLLARS LIKE DRUNKEN SAILORS.
It is time to reflect on the consiquences of what they are doing to future generations. We have heard all the dire predictions of what will happen if they had not done this bail out. But no one seems to be concerned with the fall out of actually printing and flooding the markrt with this wortless script used to bail out industries and banks who should have been punished for their malfeasance, not rewarded!

With the decision to commit $17.4 billion to the auto industry, the government "effectively has allocated the first $350 billion" portion of a $700 billion financial bailout package.
Secretary of the Treasury, Henry Paulson said, Friday. As of Dec. 16, $167.8 billion had been invested in banks, as detailed below. Another $40 billion went to bail out insurance giant AIG. The rest is committed to banks, including an additional $20 billion pledged to Citicorp.

Bank City State Amount are listed below, and nowhere is their a listing for mortgage holders who are in default! It is all for so called"fat cats" of finance/
Wells Fargo & Company San Francisco CA $25,000,000,000
JPMorgan Chase & Co. New York NY $25,000,000,000
Citigroup Inc. New York NY $25,000,000,000
Bank of America Corporation Charlotte NC $15,000,000,000
The Goldman Sachs Group, Inc. New York NY $10,000,000,000
Morgan Stanley New York NY $10,000,000,000
Merrill Lynch & Co., Inc. New York NY $10,000,000,000
U.S. Bancorp Minneapolis MN $6,599,000,000
Capital One Financial Corporation McLean VA $3,555,199,000
SunTrust Banks, Inc. Atlanta GA $3,500,000,000
Regions Financial Corp. Birmingham AL $3,500,000,000
BB&T Corp. Winston-Salem NC $3,133,640,000
Bank of New York Mellon Corporation New York NY $3,000,000,000
KeyCorp Cleveland OH $2,500,000,000
Comerica Inc. Dallas TX $2,250,000,000
State Street Corporation Boston MA $2,000,000,000
Marshall & Ilsley Corporation Milwaukee WI $1,715,000,000
Northern Trust Corporation Chicago IL $1,576,000,000
Zions Bancorporation Salt Lake City UT $1,400,000,000
Huntington Bancshares Columbus OH $1,398,071,000
Popular, Inc. San Juan PR $935,000,000
First Horizon National Corporation Memphis TN $866,540,000
Associated Banc-Corp Green Bay WI $525,000,000
Webster Financial Corporation Waterbury CT $400,000,000
City National Corporation Beverly Hills CA $400,000,000
TCF Financial Corporation Wayzata MN $361,172,000
South Financial Group, Inc. Greenville SC $347,000,000
Wilmington Trust Corporation Wilmington DE $330,000,000
East West Bancorp Pasadena CA $306,546,000
Sterling Financial Corporation Spokane WA $303,000,000
Valley National Bancorp Wayne NJ $300,000,000
Susquehanna Bancshares, Inc Lititz PA $300,000,000
Citizens Republic Bancorp, Inc. Flint MI $300,000,000
UCBH Holdings, Inc. San Francisco CA $298,737,000
Cathay General Bancorp Los Angeles CA $258,000,000
SVB Financial Group Santa Clara CA $235,000,000
Trustmark Corporation Jackson MS $215,000,000
Umpqua Holdings Corp. Portland OR $214,181,000
Washington Federal Inc. Seattle WA $200,000,000
MB Financial Inc. Chicago IL $196,000,000
First Midwest Bancorp, Inc. Itasca IL $193,000,000
First Niagara Financial Group Lockport NY $184,011,000
Pacific Capital Bancorp Santa Barbara CA $180,634,000
United Community Banks, Inc. Blairsville GA $180,000,000
Boston Private Financial Holdings, Inc. Boston MA $154,000,000
Provident Bancshares Corp. Baltimore MD $151,500,000
National Penn Bancshares, Inc. Boyertown PA $150,000,000
Western Alliance Bancorporation Las Vegas NV $140,000,000
CVB Financial Corp Ontario CA $130,000,000
Sterling Bancshares, Inc. Houston TX $125,198,000
Banner Corporation Walla Walla WA $124,000,000
Signature Bank New York NY $120,000,000
Taylor Capital Group Rosemont IL $104,823,000
Old National Bancorp Evansville IN $100,000,000
Pinnacle Financial Partners, Inc. Nashville TN $95,000,000
Iberiabank Corporation Lafayette LA $90,000,000
Midwest Banc Holdings, Inc. Melrose Park IL $84,784,000
Sandy Spring Bancorp, Inc. Olney MD $83,094,000
Columbia Banking System, Inc. Tacoma WA $76,898,000
TowneBank Portsmouth VA $76,458,000
Wesbanco Bank Inc. Wheeling WV $75,000,000
Bank of the Ozarks, Inc. Little Rock AR $75,000,000
Independent Bank Corporation Ionia MI $72,000,000
Virginia Commerce Bancorp Arlington VA $71,000,000
Southwest Bancorp, Inc. Stillwater OK $70,000,000
Superior Bancorp Inc. Birmingham AL $69,000,000
Nara Bancorp, Inc. Los Angeles CA $67,000,000
First Financial Holdings Inc. Charleston SC $65,000,000
Wilshire Bancorp, Inc. Los Angeles CA $62,158,000
Great Southern Bancorp Springfield MO $58,000,000
Center Financial Corporation Los Angeles CA $55,000,000
NewBridge Bancorp Greensboro NC $52,372,000
Ameris Bancorp Moultrie GA $52,000,000
The Bancorp, Inc. Wilmington DE $45,220,000
Southern Community Financial Corp. Winston-Salem NC $42,750,000
First Community Bankshares Inc. Bluefield VA $41,500,000
Capital Bank Corporation Raliegh NC $41,279,000
Heritage Commerce Corp. San Jose CA $40,000,000
Cascade Financial Corporation Everett WA $38,970,000
Eagle Bancorp, Inc. Bethesda MD $38,235,000
TIB Financial Corp Naples FL $37,000,000
First Defiance Financial Corp. Defiance OH $37,000,000
State Bancorp, Inc. Jericho NY $36,842,000
Porter Bancorp Inc. Louisville KY $35,000,000
Encore Bancshares Inc. Houston TX $34,000,000
Bank of North Carolina Thomasville NC $31,260,000
Bank of Marin Bancorp Novato CA $28,000,000
Centerstate Banks of Florida Inc. Davenport FL $27,875,000
LNB Bancorp Inc. Lorain OH $25,223,000
HF Financial Corp. Sioux Falls SD $25,000,000
Heritage Financial Corporation Olympia WA $24,000,000
Severn Bancorp, Inc. Annapolis MD $23,393,000
Blue Valley Ban Corp Overland Park KS $21,750,000
Indiana Community Bancorp Columbus IN $21,500,000
Unity Bancorp, Inc. Clinton NJ $20,649,000
Citizens South Banking Corporation Gastonia NC $20,500,000
First PacTrust Bancorp, Inc. Chula Vista CA $19,300,000
HopFed Bancorp Hopkinsville KY $18,400,000
Bank of Commerce Holdings Redding CA $17,000,000
1st FS Corporation Hendersonville NC $16,369,000
Valley Financial Corporation Roanoke VA $16,019,000
LSB Corporation North Andover MA $15,000,000
Oak Valley Bancorp Oakdale CA $13,500,000
First Community Corporation Lexington SC $11,350,000
First Litchfield Financial Corporation Litchfield CT $10,000,000
Central Bancorp, Inc. Somerville MA $10,000,000
Coastal Banking Company, Inc. Fernandina Beach FL $9,950,000
Southern Missouri Bancorp, Inc. Poplar Bluff MO $9,550,000
Broadway Financial Corporation Los Angeles CA $9,000,000
Central Federal Corporation Fairlawn OH $7,225,000
Old Line Bancshares, Inc. Bowie MD $7,000,000
Fidelity Bancorp, Inc. Pittsburgh PA $7,000,000
Pacific International Bancorp Seattle WA $6,500,000
FPB Bancorp, Inc. Port St. Lucie FL $5,800,000
Northeast Bancorp Lewiston ME $4,227,000
Manhattan Bancorp El Segundo CA $1,700,000
Source: U.S. Treasury

AS you can se the list is very long and the money has been spent. But my sources in the lending industry tell me that the banks, credit unions and savings and loans are not lending the money. Why, because they are scared of what will happen next when the Presidential administration changes on January 20, 2009,

Obama has literaly "promised the moon" to those unfortunate people who are on the downside of the economic scales. And if he does what he has proposed. He will spend trillions more on Rooseveltian make work programs and civilian job corps.

This will further add to the inflationary spiral we are enetring and will certainly devalate the already falling dollar. Will we have rapid inflation or will we have stagflation? I am not in a position to predict, but you cannot continue to print money that is esentialy worthless without consequences!

The problem, like all most all problems solved by politicians, will be forced upon a future generation when the politicians are long gone, or at least most of them!
Our grandchildren will inherit a Country that in all probability will be a second rate miitary power, with reduced freedoms and more government control over their lives than our Founding Fathers could conger up in their worst nightmares.

AS my father once said, "you will need a bushel basket of money to buy a bag of groceries", and he may be right!

THE UNSPOKEN REASON THE BIG 3 IS IN TROUBLE

Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” —Ronald Reagan


Senator Stabenow (D-MI) has said repeatedly that Senate Republicans killed the auto industry bailout proposal by “politicizing” the issue. In other words, she ascribes to Senate Republicans no concern for workers or for the economy, only a desire to “pierce the heart” of organized labor. The truth is that she and other Democrats have been bought and paid for over the years by the UAW and other unions and it is Democrats who lacks the courage to tell the unions that the party’s over... there are no more free lunches.

It is the United Auto Workers who have made U.S. auto makers non-competitive. If General Motors sells 9.7 million cars in FY 2008 and loses $38.7 billion, while Toyota sells 9.7 million cars in that same year and earns $17.1 billion, how does that compute? What’s the difference? The difference is in the labor segment of the cost equation. It costs General Motors $73 per hour for each assembly line worker(salary and benefits), while Toyota’s labor costs are just $44.20 per hour. Is there anyone outside the union halls who fails to understand that? It’s simple arithmetic. SOURCE: PAUL HOLLRAH


COINCIDENTALLY THE 1st Amendment to the Constitution provides for freedom of the press, giving journalists the right to print and broadcast what they want without fear of government censorship. However, the moral contract under which We the People confer that right contains a bit of small print... which says that the right extends only to those who have an unswerving dedication to truth. So the question arises, does the 1st Amendment give the press the right to purposely misinform... any more than it gives individuals the right to yell “Fire!” in a crowded movie theater? That cannot be what the Founding Fathers had in mind.

To add to the public confusion about the Big 3 "bail out" proposals, the Media has posited that we cannot afford to let the Detroit auto makers go bankrupt, because people will not buy cars from a bankrupt industry. They also exaggerate the number of people who will loose jobs in associated support industries(auto parts,etc.). Failing to mention that these same people supply the non-union auto makers in the Southern States.

And if that is not enough to convince the UAW to redo their benefit structure to help make Detroit competitive. Consider this, Mexico and India have increased their auto making capability.
For example, India's Pune city has a large pool of skilled, industrious, readily available manpower, and no serious shortage of utilities. This made it an ideal location for manufacturing units of all manners. The engineering industry first came and established itself here. Next, it was the IT industry that made great strides. And now, with several international car makers setting up shop here, the city is gearing up for its emergence as a global hub for the auto industry.

Realistically speaking, the Pune, India auto story began in the early 60s when Tata Motors and Bajaj Auto were amongst the first to set up manufacturing plants on the outskirts of the city. Almost 30 years later, a series of events took place that augured well for industrial growth in general and the auto industry in particular.
The outcome: global majors Volkswagen, General Motors, DaimlerChrysler, Fiat plus domestic leaders such as Tata Motors, Mahindra and Mahindra and Bajaj Auto, which already has modern plant to produce the Pulsar here, announced plans to set up greenfield projects and make big-ticket investments in the region. Naturally, the existing auto component industry also got a big boost in their business also.

GM, which already has a plant at Halol, is investing Rs 1,400 crore at Talegaon, and will look at global sourcing from India, scouted 12 States before firming up on this one location. The plant, that has an installed capacity of 1,40,000 units, will produce a small car – a variant of the Chevrolet Spark. It will go into trial production by April 2008. Zource: Business Line For Hindu Business


If the truth were told. The bail out would only delay the inevitable bankruptcy of an industry that has let the UAW lead them by the nose for too many years.As a result the Big 3 have become non-competitive with the foreign companies making cars and trucks right here in the USA!

OPEN LETTER TO USA CATHOLICS AND JEWS

According to the exit polls, President-Elect Obama built a winning coalition of religious voters of all persuasions, significantly closing the gap which traditionally shows frequent-worshippers leaning towards the Republicans.

Despite the abortion furore and his avowed liberalism, he won over a majority of Jews and Roman Catholics, made significant inroads into the younger Evangelicals, and persuaded vast numbers of the minor religious groups to buy into his vision.
TNE BOTTOM LINE IS THAT MANY IGNORED THE TEACHINGS OF THEIR BIBLES AND IN THE JEWISH CASE THE TORAH!
One Jewish leader, former Clinton White House Counsel even went so far as to call Barack Obama a "yiddishe neshuma" to describe him. It essentially means a Jewish soul. It's an expression my mother used. It means a sensitive, sympathetic personality, someone who understands where you are coming from." So much for Moses and the Ten Commandments! And to quote Tora Aish, "How can we be redeemed? We have no good deeds to our credit. What is going to be with us?"


The Democrats usually do well with the Jewish vote, and this election was no different. President-Elect Obama won about 77 per cent, which was an increase on the 2004 election, when Democratic candidate John Kerry received 74 per cent of the Jewish vote.

Nationwide, 54 percent of Catholics supported Obama and 44 percent voted for McCain. Of the total population, 52 percent voted for Obama and 46 percent for McCain.

THIS IS THE STATISTICAL REPORT FROM THE CATHOLIC NEWS SERVICE. And if it is true there are 54% of the Catholics in the USA that ignored one of the basic tenets of the Catholic church. You should not kill! And my belief is that not enough Parish priests and Bishops stressed the fact that voting for a man who is 100% for abortion and partial birth abortion is tantamount to consenting to the sin of abortion!
A number( unfortunately not all)of US Catholic bishops emphasised abortion as a paramount voting issue this year, but the economy and/or the Iraq war appears to have been a primary cause for the voting shift.
Bishop Joseph F. Martino of the Scranton Diocese issued a letter, which he required pastors to read to their parishioners, warning that "being 'right' on taxes, education, health care, immigration and the economy fails to make up for the error of disregarding the value of a human life." Martino continued: "It is a tragic irony that 'pro-choice' candidates have come to support homicide - the gravest injustice a society can tolerate - in the name of 'social justice."

The Catholic Church lists nine ways that a Catholic may be complicit in the commission of a Mortal Sin. 5. If the person had full knowledge of the severity of the sin;
1. If the person voluntarily consented to the sin;
2. If the person assisted others to sin;
3. If the person by advised someone to sin;
4. If the person commanded someone to sin;
5. If the person provoked someone to sin;
6. If the person consented to some one's sin;
7. If the person showed someone how to sin;
8. If the person praised someone for his sin;
9. If the person concealed, remained silent or did nothing to prevent some one's sin

It is number nine that I am afraid most of the 54% percent of Catholics that voted for a man(OBAMA) who not only voted repeatedly for abortion rights, but voted against a Bill that would have given the right to life for a baby born despite a failed abortion. Semantics call it "partial-birth abortion". This is murder pure and simple,Ipso facto!! And do not compare abortion to the death penalty. In abortion you are terminating the life of an innocent person. Not so in the death penalty!

Perhaps this explains the results of a study done by Believenet that showed that Catholics(as well as other Christians) are actually no more guilt-ridden than anyone else. In my opinion it is a sign that Christians and Jews, as a whole, and Catholics in specific have killed their conscience by being politically correct. And even the former Communist Russian paper Pravda hailed the turn away from religious principles in their congratulation message about Obama's election.
This from the Rocky Mountain Express; "Russian newspaper Pravada praised Obama, and said " … in choosing Obama, the people of America have opted to come back into the international fold. Welcome back, friends!" I am not sure the secular world is where we want to be!

Apparently 54% of the Catholics were CINO's( catholics in name only)in the majority of the States in the USA. "Cradle" Catholics, who go to church on Sunday, but leave their beliefs in the church when the service is over!

What is interesting is the vote of the religious group that is dedicated to replacing all religions but theirs, in time.
It is reported that 89 per cent of US Muslims voted for Barack Obama, as against 2 per cent for John McCain. 95 per cent of Muslims are reported to have voted in this presidential election, either at the polls or by absentee ballot. This is the highest ever American Muslim voter turnout.
And as a group, black Protestants, 94 per cent voted for Obama, along with 72 per cent of Hispanic Catholics and 67 per cent of Hispanic Protestants.

All this indicates to me that religious leaders have failed to get the message that the Ten Commandments are the basis for religious belief, and Americans put their religious beliefs second behind personal gain, and voted for a slick talking man with a bag full of promises!

THE CHEER LEADERS FOR OUR OWN VERSION OF GENOCIDE ARE COMING

The blood of the millions of "murdered" unborn and partial born infants, who have been killed in the years since The Supreme Court ruled on the most heinous law in our history, cries out for vengeance. The Bush administration and most of the Republicans in Congress have tried to hold back the genocide of the most vulnerable class of people, a baby in it's mothers womb. But the Media is trumpeting the news from the transition team for president elect Obama, to roll back all restrictions on abortion and expand the agenda of the "Right to Choose" cabal.

If ever there was a schizophrenic slogan, the "right too choose" has to head the list.
The choice was made when the woman choose to have sex that can never be protected from conception unless the woman, or man she is having coitus with, is sterilized!
What about the right of the living fetus in the womb? It is arguably the most protected place in the world, the mothers womb! But not anymore!

With all the economic troubles we Americans currently have, and the threat of Iran developing nuclear weapons during Obama's first or second year in the Oval Office. His transition team has let the people know that one of his first acts will be to roll back the right of a Physician to refuse to perform an abortion if his conscience prohibits him from doing the killing.

Where is the logic in the ability of a man or women to refuse to serve in a combat unit because he/she is a conscientious objector, but Our President thinks it should punish a doctor for refusing to participate in killing a defenseless baby while still in the womb with absolutely no way of defending itself?

The following excerpt is from an article written by Laura Meckler for today's issue of the Wallstreet Journal.
"The outgoing Bush administration this week will finalize a regulation establishing a "right of conscience" allowing medical staff to refuse to participate in any practice they object to on moral grounds, including abortion but possibly birth control and other health care as well.

In transition offices across town, officials in the incoming Obama administration have begun considering how and when to undo it.

The regulation is one of a swath of abortion and other reproductive-health issues under review by the Obama team, which is preparing to reverse a variety of Bush measures, according to officials close to the transition. The review is part of a sweeping scrutiny of Bush-era legislation and regulation on issues across the federal government, from environmental and labor rules to defense spending.

Decisions that the new administration will weigh include: whether to cut funding for sexual abstinence programs; whether to increase funding for comprehensive sex education programs that include discussion of birth control; whether to allow federal health plans to pay for abortions; and whether to overturn regulations such as one that makes fetuses eligible for health-care coverage under the Children's Health Insurance Program.

Women's health advocates are also pushing for a change in rules that would lower the cost of birth control at college health clinics.Obama aides will have to settle many of these questions in issuing their first budget in February".

And we still have the gaul to sing "GOD Bless America"!

THE NEW "NEW DEAL" WILL FAIL AGAIN

Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” —Ronald Reagan

The academics and Liberal historians are still lying about the Great "New Deal" that President Franklin Roosevelt used to attempt to stem the tide of Depression in the time between 1930 and 1933.

The Keynesian approach to reversing the economic downward spiral was to spend millions on a series of economic programs he initiated between 1933 and 1936 with the goals of giving work (relief) to the unemployed, reform of business and financial practices, and recovery of the economy during The Great Depression.

The "First New Deal" of 1933 was aimed at short-term recovery programs for all groups which were called the '[Alphabet Agencies]'. The Roosevelt administration promoted or implemented banking reform laws, emergency relief programs, work relief programs, agricultural programs, and industrial reform (the NRA), a federal welfare state, as well as the end of the gold standard and prohibition.Source" Wikapedia

A "Second New Deal" (1935–36) included labor union support, the WPA relief program, the Social Security Act, and programs to aid farmers, including tenant farmers and migrant workers. The Supreme Court ruled several programs unconstitutional; however, most were soon replaced, with the exception of the NRA. In practice the New Deal ended with World War II. As Roosevelt himself said in December, 1943, "Dr. New Deal" had given way to "Dr. Win the War."

Most of the relief programs were shut down during World War II by the Conservative Coalition (i.e. the opponents of the New Deal in Congress). Many regulations were ended during the wave of deregulation in the late 1970s and early 1980s. Several New Deal programs remain active, with some still operating under the original names, including the Federal Deposit Insurance Corporation (FDIC), the Federal Housing Administration (FHA), and we know how well they have fared in recent months!

The New Deal represented a significant shift in political and domestic policy in the U.S., with its more lasting changes being increased federal government control over the economy and money supply, intervention to control prices and agricultural production. This was the beginning of complex social programs and wider acceptance of trade unions. The effects of the New Deal still remain a source of controversy and debate among economists and historians.

The largest programs still in existence today are the Social Security System and Securities and Exchange Commission (SEC).And now comes the "New ,New Deal" of president elect Obama, and it will chug into Washington DC on a train. With the 44th president to be and his Delaware VP and an assortment of family and confidants who expect the Obama "Change" to save America's economy and status on the World stage!

Obama brings with him a promise to save the economy, although he says "it is more severe than he originally thought it was, and probably cannot be fixed in a year or even one four year term".His plan includes a trillion dollar price tag as estimated by those who deal daily in numbers and federal spending, predict.

President-elect Barack Obama took center stage in the economic crisis for the third day in a row Sunday as he sent out aides to pitch his rapidly expanding stimulus plan on TV and announced plans to introduce his economic team Monday.

Appearing on the Sunday talk shows, his advisers indicated that the ambitious plan he announced Saturday to create 2.5 million public-works and alternative-energy jobs will be far more costly than previously discussed. Along with other possible steps to turn the economy around, it could cost the government as much as $700 billion.

That would be four times the size of the $175 billion stimulus package that Obama promoted as a presidential candidate.

Not unlike Roosevelt, Obama is using scare tactics to advance his "welfare state" agenda,as illustrated by this statement; "This is as big of an economic crisis as we've faced in 75 years, and we've got to do something that's up to the task of confronting that,'' Goolsbee said.

Obama's aides also did not dispute a New York Times report that fear of worsening the economy might lead him to postpone advancing a centerpiece of his campaign -- a tax increase for people earning more than $250,000 a year.

Whether by design or necessity, Obama appeared to be using the deepening economic crisis to step to the forefront and seize the stage in order to reassure a nervous nation two months before he takes office.

The only problem with their crisis argument is that in 1933, 4000 banks had failed and the unemployment rate hovered around 25%! And despite all the money spent by Roosevelt in the New Deal. The Country fell into a Recession again in 1937 during
FDR's second term. In the fall of 1937 the economy fell into recession that continued through most of 1938. Production declined sharply, as did profits and employment. Unemployment jumped from 14.3% in 1937 to 19.0% in 1938. Keynesian economists speculated that this was a result of a premature effort to curb government spending and balance the budget, while conservatives said it was caused by attacks on business and by the huge strikes caused by the organizing activities of the CIO and the American Federation of Labor (AFL).( Does this sound strangely like an echo from the past in today's political rhetoric!

Fear has been used by many power happy despots in the recent twentieth century. Let us not be stampeded into the Socialist State by fear tactics that are based not upon facts but bizarre predictions! The economy is bad but do the math! It has not been 75 years since we had 19% unemployment in 1938!

UAW PRESIDENT IS OUT OF TOUCH WITH REALITY

Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” —Ronald Reagan

UAW president, Gettelfinger, had a press conference immediately after the Senate failed to pass the Big 3 bail out package and showed that he is out of touch with reality.
Mr.Ron Gettelfinger, in a press conference Friday morning, blamed Republican senators, who he said resented his organization! He further tried to muddy the swirling waters that are about to bring down the Big 3 with this statement." There is no question that the UAW has demonstrated leadership in this process. There were some in the Senate, who, we felt, resented that.”(bloggers note: he has a strange concept of what leadership his union has?)

If you look at the financial report for a UAW local, you will see that 62% of all dues are sent to the International in the form of a per capita tax. Some of that tax goes into something the UAW calls a Community Action Program (CAP). These CAP’s are mostly used to support liberal Democratic candidates. The biggest UAW CAP in Kentucky reported in 2002 that it had expenses of $79,999 of which $77,785 was for “Other Disbursements” but it doesn’t tell what those other disbursements were. You’ve got to wonder how union members can figure out what the union is doing with their dues when 97% of the money is unaccounted for. In 2003 the US Dept of Labor issued new regulations for union financial disclosure statements to give union members a better idea of what was really happening to their dues. Not surprisingly, the unions opposed these new regulations every step of the way. Why is it that the unions don’t want their members to know about what is being done with THEIR money? Perhaps they don’t want you to know that the UAW owns a radio broadcasting network that lost $3 million in 2002 and a golf course that lost $321,000 in 2002!

In 2001 President Bush issued an executive order which required federal contractors to inform their workers of their Beck rights. The UAW filed a lawsuit against the Bush Administration in an effort to block this Executive Order. The UAW has even FIRED members from their jobs for exercising their Beck rights. Recently a former Colt Manufacturing employee won a judgment against the UAW because of his illegal firing. HIS CASE HAD BEEN CONSOLIDATED WITH DOZENS OF OTHERS IN A NATIONWIDE CASE AGAINST THE UAW. Why doesn’t the UAW want its members to know their rights??? What are they trying to hide???

Gettelfinger also said that since financial workers were not asked to make concessions in the $700 billion bailout, senators were applying a double standard to the UAW".
The point he missed apparently, is the FACT THAT HIS UNIONS SALARY AND BENEFIT STRUCTURE IS SO HIGH THAT THE big 3 HAS TO PRICE THEIR CARS ON AVERAGE 3 TO 5 THOUSAND DOLLARS ABOVE SIMILAR PERFORMING CARS MADE IN THE USA BY FOREIGN MANUFACTURERS THAT PAY THEIR EMPLOYEES 20-30 DOLLARS(salary and benefits) LESS PER HOUR THAN UAW EMPLOYEES.And the foreign car maker employees still make a enviable and credible salary.

This fact is supported by Dan Griswold, director of the Center for Trade Policy Studies at the free market Cato Institute, told CNSNews.com on Friday that the UAW is, in part, to blame.

“UAW contracts have played a big role in pulling automakers into the crisis they now face,” said Griswold. “Those contracts are the single biggest difference between domestic and foreign-owned competitors operating on USA soil". Griswold also said that it was the UAW’s “adversarial attitude” in the bailout negotiations that caused the talks to collapse.
The union claims that their members have a “voice” at the bargaining table. Let’s look at what their “voice” achieved during the September 2003 Big 3/UAW contract talks. They got 50,000 job eliminations, 10+ plant closings, prescription drug co-pays doubled, two tier wages for Delphi, a stricter attendance policy and no raises for the first two years of the contract. Is this what they sent their Bargaining Committee to achieve??? It doesn’t matter what they were sent for the fact remains that this was the result, and Gettlefinger wants Us to believe he was co-operating with those who tried to make a deal for the Big 3?

An important fact o remember is that, "In the last 20 years unions representing workers on private payrolls have LOST 28% of their membership while total employment has grown by 38%. During that same time period, in inflation adjusted dollars, union members’ pay increased by 4% while the pay of non-union workers increased by 17%. Source: UNION MEMBERSHIP EARNINGS and DATA BOOK

The Big 3 will go bankrupt, unless the Democrats and incoming President Obama would rather the USA go bankrupt trying to save the Union!