Comments by "Steve Richter" (@Steve-Richter) on "The Whole American Workforce Needs to Hear This Right Now" video.

  1. Trump kept the border shut closed. Democrats have opened it wide open. The more people in the country the more expensive becomes housing.
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  2.  @jjoohhhnn  how else to explain the sky rocketing increase in cost of housing??
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  3.  @moresalad221 UAW could own GM. The stock is very low priced. Why don't the workers use their pension fund to buy controlling interest of the company?
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  4.  @jjoohhhnn Well, it would expose how full of it the UAW is. They want to cut CEO pay and give all the workers a raise. Yet, if they owned the company they would know for sure how tight margins are.
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  5. Because of union, a company cannot invest large sums in the company. Large investment becomes hostage to union strike threats. There is not a single company in US with union work force which is prosperous and growing.
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  6.  @JGerman68  GM is not growing. It is far undervalued. A $48B market cap. Tesla is worth much more on the stock market. The union at Yellow trucking put that company out of business this past summer. A 100 year old company - gone. The drivers sabotaged deliveries, went on strike and everyone lost their job. GM and Ford do not make passenger vehicles in the US. The reason is because the UAW can shut the plant down. Tesla invested billions in its giga factory in Austin. They have installed huge, state of the art presses that stamp out the frame of the car. If the UAW was in Tesla that investment would not have happened.
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  7. The union put the yellow trucking company out of business this past summer.
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  8. UAW could buy all of GM stock for $44B. The fact that it will not invest in owning the company tells you a lot.
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  9. Would you buy GM stock?
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  10. GM stock is very low priced. UAW could buy a controlling interest in the company and then pay the CEO what they wanted.
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  11. Democrats could buy a controlling interest in GM stock and give the UAW workers all they are asking for.
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  12. GM stock price is very low. Democrats could buy the entire company. But they would never do that. Any idea why?
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  13.  @jjoohhhnn the UAW and other labor unions are a problem because they cause American companies to shutdown ( Yellow trucking ) or limit the products manufactured in the US ( GM does not make passenger vehicles in the US ). Democrats do not care that the skilled office workers at Yellow all lost their jobs. What about the GM part supplier contractor companies? They have to shutdown now because the UAW has a chokehold on some part of that supply chain. The US only has Tesla as an innovative car manufacturer. And the UAW would love to shut them down. Heck, Biden refuses to acknowledge that Tesla exists.
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  14.  @danpham333  Good point about the stock buybacks. Best I can say is because the UAW can always shutdown a factory investors are very reluctant to reinvest in GM. Tesla reinvests all of its profits and is continuously growing capacity in the US. Tesla is union free.
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  15.  @spotthedogg Because the UAW is legally empowered to shutdown production GM is effectively blocked from spending the $billions needed to build new plants. Hence, the stock is very low priced. The UAW can buy all the shares then run the company as they wish. The UAW does not do that because they know the production processes are very inefficient and overly costly.
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  16. The UAW could buy a lot of GM stock with $800 million.
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  17. Warehouse workers I know work hard and earn less than UAW workers.
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  18. The UAW could buy all of GM stock for a very low price. Then hire a new CEO.
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  19.  @JP-fb8ni  GM board of directors would take no action to prevent the UAW from purchasing the stock. But obviously, the UAW would not buy the stock. That would expose the workers to a likely low to negative return on investment as the company becomes less and less competitive in the car market. Which exposes the lie that the CEO is over paid and the company can afford to raise worker pay.
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  20. Very easy to support the UAW. GM stock price is very low Buy the stock. Then vote those shares to cut CEO pay and give UAW all it wants.
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  21. Wow, do they all own large and expensive Jeep vehicles?
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