The Joe Biden Diary

Maine exploring amendment 14 to ban Trump from ballot....

So Doug Burgeon?

Vs Joe....

@nature1970

 Wont work.....Trump will be your President again in 2024 to fix the Communism Biden brought through the stolen 2020 election....

It's crazy how Democrats try to do everything to prevent Trump from running/winning except put forth a quality candidate to beat him fair and square.

@StumpTownStu

 It's getting very crazy!!!

@StumpTownStu

 I believe that happened in 2020. You seem to be against the 14 amendment, don’t you like the constitution? 

It's crazy how republicans are trying to do everything to prevent criminals from being held responsible for the crimes they've committed,after they lost the election fair and square.

@StumpTownStu

 Another thing Stu,you call it a democrat thing with this 14 th amendment deal. Explain Colorado doing it headed by 7 republicans and numerous state and local officials.

The lawsuit is garbage and everyone knows it. Just another throw it against the wall and see if it sticks. 

@UNIMAN

 Send trump some money ,the billionaire needs it to pay his legal fees.

 Dementia Joe put on another embarrassing display on a world stage yesterday........following his orders, & then says he wants to go to bed.

Next up is the 1 and only kamala harris! 

To think the Lefties think they are smarter than the rest of us!

@sundance

 We don’t think, we know.

How did joe biden remember 9/11. joe released 6B in frozen assets to Iran to include a prisoner swap! joe is not on your side! I promise you! Why did the biden administration release 6B to Iran on 9/11/2023? I am quite positive the hard core Dems inside Covers respect this US/Iran deal!

Late last month, the United Auto Workers union said its members voted overwhelmingly in favor of authorizing a strike at the Detroit Three automakers if agreement is not reached before the current four-year contract expires on Sept. 14.

Joe Biden on Sept 4th; "I'm not worried about a strike,"  "I don't think it's going to happen."

Sept 15; UAW goes on strike.

Hey Joe, who you got in college football this weekend? Need someone to fade. 

So what should he do, force public corps to raise wages 40% and allow a 32 hour work week for 40 hours pay? That is what the union is seeking and how could any of the automakers who are losing money on EV's and investing in the space for long term survival afford it? 

Or he should have freaked out and been an alarmist about the strike, or blame it on the fake news media...what should he have done? The union and the corps are quite far apart and whatever the POTUS says means nothing given the disparity between what the demands are.

The demands are outrageous but so is the executive compensation. Is Mary Barra really worth 29 mil a year?

What he should have done is say; Come on man, I gave you record inflation, give them a record raise so they can afford the same things they could under the Trump admin. 

But no, he says automakers have record profits but do not share. SimplyWallSt says General Motors has been growing earnings at an average annual rate of 17.2%, while the Auto industry saw earnings growing at 24.3% 

All he has done is reinforced the UAW's belief that they can get what they're asking for which is rediculous. He just prolonged this strike with his "get the union vote" political nonsense.

Personally I don’t think they are asking for to much considering what they gave up in 09 and what the executives have gained the last 4 years.

https://www.fox2detroit.com/news/what-does-the-uaw-want-detroits-big-three-in-the-2023-negotiations

@darkhorse12

 Looking at straight exec comp is not completely accurate, if an exec is compensated with granted stock shares, the company is not directly paying for that compensation. It is of course part of OE for the corporation but the stock price determines the value of that compensation, that is from investors who either buy or sell the stock. So if CEO gets X in salary and X in stock grants, the cash register is paying for the salary and any direct cash related comp but the share price might go lower than the grant price so the motivation of the exec is to raise the share price to get the reward. 

I dont consider what their demands are to be reasonable at all and if anything the unions are soaking the members and the members are the ones at risk, carrying all the downside and still are responsible for paying dues and following often ridiculous union rules. 

I watched an interview with one of the union workers and his suggestion is to pass on the increase in salaries to the vehicles and to consumers, that the cost of labor is only X percent relative to the total of the vehicle cost. That argument is one of the most absurd I have ever heard. The correct analysis is what is the percentage of labor cost compared to the total net margins of the vehicle, of the profit. Cars have a massive fixed cost of materials and labor really is not an enormous cost relative to the total and for a good reason.

Biden said, "Democracy is at stake, folks. Our democracy is under attack. And we gotta fight for it. I taught at the University of Pennsylvania for four years. And I used to teach political theory. And folks, you always hear every generation has to fight for democracy. And I found myself – it's automatic, we didn't have to believe it – but we do. We do."

Records show he never taught at Penn. 

Is this guy a late stage dementia patient. Or is he literally a serial liar. I'm not sure which is worse?

@wallstreetcappers

 But did you see what they gave up in 09, the article I posted,to keep  the companies afloat? Why shouldn’t they be able to gain back what they lost and share in the record profits that they now receiving? I just didn’t base my opinion on CEO’s comp.

@darkhorse12

 That is the choice of the workers though...they werent forced to do that. Down here Intel has several massive campuses that employ thousands of people. I have a direct neighbor who has worked for Intel for over 20 years and in 2023 the company gave the choice to employees that either there would be a large RIF, OR they could all collectively choose to take a reduction in salary and nobody would be laid off. Well the employees chose the salary reduction to save jobs and yes they did have a salary reduction, Intel also slashed their dividend to save cash. It happens more than you think, and those union members can find other jobs or work for other companies or agree to what the terms of employment are.

I saw the average hourly wage for a union member for the UAW, it isnt so terrible, it is for sure median income and higher. That same interview I referenced the guy actually commented that if employees get more salary then they spend more and it is good for the economy. So since all costs are passed on to the consumer that means INFLATION. Its funny how some people blame a politician for inflation and like this guy just thinks everything is fine when the cost of a UAW vehicle will go up 10-15-20% and then demand will drop and what happens when demand drops? Company cuts costs and that means layoffs. You cant just pass off increases to consumers and think there is no consequence or negative outcome.

@wallstreetcappers

 I guess we will just have to agree to disagree as my original opinion hasn’t changed. And I’m sure yours won’t either.

I am taking a nuetral position on this strike. 32 hour work week is a no go for me.

But that two-tiered wage system. That is the supidest thing any union or company can do! I have been through it. Years ago as a manager I watched the union except a two-tier wage system and in return they received five years added to their seniority for retiring. Top heavy with many employess already at 23-25 yrs of employment, many retired at once. So there I am trying to interview for good employees telling them they will get 1/3 less than the folks they work with. The good ones we did get used us to jump to other organizations. The ones that didn't leave became disgruntled over time. Finally a new leader came in and ended the two-tier system. Cost money yet employee moral and output was soo much better.

@darkhorse12

 Always appreciate respectful discussion, even if we do not see things exactly the same.