General Motors Co. (GM) will move to entice electricians and its other highest-paid U.S. hourly workers to retire so it can hire lower-wage replacements through a four-year labor agreement with the United Auto Workers.GM, the biggest U.S. automaker, will offer buyout packages worth as much as $75,000 to its roughly 10,000 skilled-trades workers, the Detroit-based UAW said today in a briefing with reporters. Other employees eligible to retire can take $10,000 to stop working within two years so that GM can replace them with new hires starting with wages of less than $16 an hourDoesn't this sound familiar? Like the kind of thing the old GM would do in order to curry favor on Wall Street and boost the bottom line? Take an expensive skilled worker and replace him with a noob who is probably just out of school. Save a bit of cash, and hope that you don't need someone with experience in that job. If quality starts slipping, don't sweat it. Just take a couple of thousand bucks off the price in incentives to move the metal through the dealers.
WASHINGTON (Reuters) - Republican leaders on Sunday criticized President Barack Obama's proposal for a new tax on millionaires, calling it "class warfare" and predicting it will face heavy opposition in Congress.Class warfare? I've got to find a recruiting station, because that's one war I don't mind fighting. Sign me up for the duration. However, the republicans are right that this has no chance of making it through Congress. The idea can't even make it out of a Democratic Senate. Too many millionaires in the world's most sclerotic deliberative body.
WASHINGTON — By proposing a jobs package filled with items that Republicans have supported in the past, President Obama is betting that moderate and independent voters he so desperately needs in next year’s elections will flock to his camp.Good luck, chief. The only thing independents will care about in November 2012 is whether employment is up and whether they can ask for a raise without worrying about getting canned. Doesn't matter how many Republicans sign onto his plan if it doesn't work.
The trouble is, Mr. Obama has been pursuing those voters for much of the past two years, and they have continued to drift away.
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