PRESIDENT'S REPORT
BAIL OUT - WHY NOT ?
We are all fully aware of the serious financial conditions of the American auto industry. This financial situation has made it necessary to request funds from the U.S. Treasury, although not as much as the banking industry was to receive. After much berating by the senators, funds were approved, along with many caveats to be instituted before the money would be forthcoming. That is, most senators voted in favor of the funding, with the exception of six southern senators who voted against funding. It must be noted that these states have large, foreign car plants. These plants were built in states that gave these companies the largest tax breaks; in essence, the general public is subsidizing these companies. It appears like these senators would like to have the American auto manufacturers go broke. Wonder why?
Immediately after the announcement was made, "Letters to the Editor" started to appear in all matter of print. Letters suggested that the American auto industry be allowed to disappear. Writers' claims of American cars being inferior to foreign brands - at one time, certainly - are no longer true. It seems that writers think of auto workers as being expendable. If the auto industry were to fail, human and monetary costs would be incalculable. Yes, there are problems in the industry, including salaries and benefits, but new policies and procedures are being established to address these issues. I would guess that many of these writers would have no problem attending sporting events where ticket prices are over one hundred dollars for a single ticket! In addition, a beer at seven dollars and a hot dog at five dollars are typical "add-on" expenses.
Most professional players receive at least 1-million dollars per year. Big names command 10's of millions - or more. Case in point: A pitcher for the New York Yankees will be paid $161 million for seven (7) seasons! This equates to $24.2 million per year. Starting major league pitchers will probably start 30 games a season, on average. Figuring 4 hours per game x 30 (games) equals 120 hours of actual pitching per season. Based on the foregoing, the payment figures to be $201.666 per hour! I don't see anyone complaining about these salaries. SO: Are we still complaining about salaries and benefits that the U.S. workers receive?
If it were not for the auto industry [production] during WWII, we would not be able to complain about anything!!!!
- Len Keil
BAIL OUT - WHY NOT ?
We are all fully aware of the serious financial conditions of the American auto industry. This financial situation has made it necessary to request funds from the U.S. Treasury, although not as much as the banking industry was to receive. After much berating by the senators, funds were approved, along with many caveats to be instituted before the money would be forthcoming. That is, most senators voted in favor of the funding, with the exception of six southern senators who voted against funding. It must be noted that these states have large, foreign car plants. These plants were built in states that gave these companies the largest tax breaks; in essence, the general public is subsidizing these companies. It appears like these senators would like to have the American auto manufacturers go broke. Wonder why?
Immediately after the announcement was made, "Letters to the Editor" started to appear in all matter of print. Letters suggested that the American auto industry be allowed to disappear. Writers' claims of American cars being inferior to foreign brands - at one time, certainly - are no longer true. It seems that writers think of auto workers as being expendable. If the auto industry were to fail, human and monetary costs would be incalculable. Yes, there are problems in the industry, including salaries and benefits, but new policies and procedures are being established to address these issues. I would guess that many of these writers would have no problem attending sporting events where ticket prices are over one hundred dollars for a single ticket! In addition, a beer at seven dollars and a hot dog at five dollars are typical "add-on" expenses.
Most professional players receive at least 1-million dollars per year. Big names command 10's of millions - or more. Case in point: A pitcher for the New York Yankees will be paid $161 million for seven (7) seasons! This equates to $24.2 million per year. Starting major league pitchers will probably start 30 games a season, on average. Figuring 4 hours per game x 30 (games) equals 120 hours of actual pitching per season. Based on the foregoing, the payment figures to be $201.666 per hour! I don't see anyone complaining about these salaries. SO: Are we still complaining about salaries and benefits that the U.S. workers receive?
If it were not for the auto industry [production] during WWII, we would not be able to complain about anything!!!!
- Len Keil
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