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-- -- -- can announce this morning that the government is pumping billions more.
-- taxpayer money to General Motors and Chrysler is part of a restructuring plan for the two automakers.
As already seeing Rick Wagner be forced to step down as GM CEO yesterday.
And looking roughly 7500 UAW union members -- GM this week after accepting buy out packages Mike -- -- the president of United Auto Workers local 652 -- he joins in with war.
On the bailout of GM Mike good morning good to see you -- good morning.
You know Mike you and I have talked a lot over the past six to nine months about what's been happening to the auto -- you -- this weekend.
That Rick Wagner is out Fritz Henderson is gonna take over as well what do you think of the management shake up.
Well you know it kind of caught me by surprise you know Rick's been -- quite some time then threw some good times some bad times.
It's part of what they think needs to happen you know it's -- -- -- experience there you don't experience from deep within general orders so.
I have faith in him also.
You know that that there's been a great deal of public outrage surrounding the funding or support of the auto industry you've probably seen -- in polls you've heard about on TV and in newspaper is.
You want people -- to understand why this industry is so important and vital to our economy.
Tell people what's been misguided about this story what are we getting wrong.
All I mean you look at -- -- you're talking about American people here -- and you know you get tired here -- -- and now the new thing is is they're saying Ron Gettelfinger plain chicken boy he's out playing chicken he represents thousands of people.
You know he's trying to negotiate both were the retirees and active people and one of the biggest industries in United States.
You know I don't think a lot of people -- in General Motors -- more people.
Then his sixteen foreign car companies do business in the United States general -- loan not to not to mention Ford and quite sure what they.
-- -- -- more than all the other ones.
You -- together and I don't think people know that the look at the tax base that comes -- that.
Can you say you know why should taxpayers.
Loaned us the money is what I say not a bailout but look at the tax base they've always brought to this country.
You know some of the senators you would think that they they're representing their own country not a state within a country.
You know one of the things -- of people don't understand -- well are the tariffs on exports -- imports and to stand senator Dianne Feinstein is trying to.
-- FISA legislation that would incentivize people to go out there and buy a new car is you know clunkers for cash right now -- -- make it back.
If anything it's gonna help you know stimulate the economy -- buying.
You know and that's what the Obama administration is trying to do.
Videos can take a little -- all this is kind of handed to home.
And -- -- the General Motors and UAW you know.
The wages and cut in half here in the old seven agreement it's fourteen dollars an hour for entry level there's no more thirty and now there's no.
Health care there's no pension unless you pay -- those things were all done in the old seven agreement.
You know the economy compliment before had a chance.
-- -- So we understand right now -- that a deal is worked out between the UAW and Ford basically.
Transferring -- 50% of the debt into equity that was a requirement by the US government but the GM needed to be.
Even lower 7500 people had taken.
Early withdrawals from the company why -- you still -- Well I mean this thing is it -- the -- people it didn't.
Qualifier for last time and give more opportunity go up this time which was good.
People get to retire I mean I work towards and every day I mean that's that's what we do right.
All -- all now -- deal to bring people back to work by them create openings and some entry level maybe in some of the different places.
So I mean that's all -- roll over which is good because that's what you're trying to do is -- some of the downsizing.
And you you keep here -- you know the unions to blame for this -- that I mean let's go back to Nissan when they get away with 1000 people -- already hourly.
They did incentives to retired as same as we have but you know they don't have a union don't have the union to blame so.
I mean this is this is than the nation that's in trouble you know -- economy.
That's in trouble and did it's easy to pick and general mortars and -- no because -- one of the largest.
But like -- -- -- get a -- on -- earlier touched on this is heavy industry this is how you protect your nation what would happen if something and threatened this country.
In the auto industry is -- -- who's gonna protect this country people don't think about things like that.
And -- as of yet you have not heard from Ron Gettelfinger as to what the plans are -- -- -- -- meetings scheduled for today and now they want more concessions -- The president -- speak at 11 AM what is your next stat.
Well you know the the -- in the presence will be the first no one they reach something done and Detroit.
Ronald called us down there -- -- the the package and then it will be rolled out to the membership.
To vote -- All right well Mike Green as always I want to thank you so much for joining us president of the UAW local 650 -- thank you.
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