No.1 Opportunity for 2025 [Take Action Now!]

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

Autoworkers strike would test Biden's 'most pro-union president in US history' assertion

By WILL WEISSERT and JOEY CAPPELLETTI
September 13, 2023

LANSING, Mich. (AP) -- The prospect of an auto workers strike could test Joe Biden 's treasured assertion that he's the most pro-union president in U.S. history.

The United Auto Workers is threatening to strike against the nation's big three automakers, General Motors, Ford and Stellantis, if tentative contact agreements aren't reached by 11:59 p.m. on Thursday. That could reshape the political landscape in the battleground state of Michigan and potentially unleash economic shockwaves nationwide.

The auto industry accounts for about 3% of the nation's gross domestic product and as many as 146,000 workers may walk off their jobs. While the effects would be most immediate in Michigan and other states with high concentrations of auto jobs, such as Ohio and Indiana, a prolonged strike could trigger car shortages and layoffs in auto-supply industries and other sectors.

"Anything that goes beyond a week, you're going to start feeling the pain," said Marick Masters, a business professor at Wayne State University in Detroit. "And anything beyond two weeks, that's when the effects start to compound."

Doc Killian, who has worked in a Ford assembly plant in Wayne, Michigan, for 26 years, says he can no longer afford the cars he helps build, crystallizing how the nation's middle class has been squeezed.

"I think the American public as a whole realizes the impact that the American auto workers have on the economy," Killian said. "If we suffer, the American economy suffers."

Biden has built his political career around just such an argument, repeating the mantra that the "middle class built America, and that unions built the middle class." His administration also has championed organized labor and promoted worker organization unabashedly, with Biden frequently proclaiming himself "the most pro-union president in American history."

Still, Shawn Fain, who was elected president of the United Auto Workers in March after promising a more confrontational stance in negotiating with automakers, countered Biden's claim on CNN this week, saying, "I think there's a lot of work to be done in that category."

The UAW chief has also sought to broaden his argument beyond just auto workers. He said on a livestream with union members that the UAW's demands are about "raising the standard for workers everywhere."

"I truly believe that all of America will stand with us in this fight," Fain said.

Biden also must contend with blunt criticism from former President Donald Trump, the early leader in next year's Republican presidential primary, who is now pushing for the UAW to endorse him -- an unlikely prospect, according to union leaders.

Trump posted online that the "once fabled" UAW "will soon go OUT OF BUSINESS" if Biden "is allowed to pull off his ALL ELECTRIC CAR HOAX. China will build them all. ENDORSE TRUMP!" In another post, the former president appealed directly to rank-and-file union members whose support helped him win Michigan in 2016: "Union leadership must decide whether they will stand with Biden and other far-left political cronies in Washington, or whether they will stand with front-line autoworkers and President Trump."

That referenced new federal rules pushed by the Biden administration requiring two-thirds of new passenger cars sold in the United States to be all-electric by 2032. Trump argued those moves would "murder the U.S. auto industry and kill countless union autoworker jobs forever, especially in Michigan and the Midwest."

But some union leaders and members have scoffed at suggestions that the U.S. not embrace efforts to reduce greenhouse gas emissions since manufacturers in China and elsewhere could rush in to produce electric vehicles if the U.S. doesn't. Fain, who has previously applauded the "transition to a clean auto industry" as long as autoworkers "have a place in the new economy," said Trump was "not someone who stands for a good standard of living."

Dave Green, a UAW regional director in Ohio and Indiana, said the former president "carries no credibility in my book" since "he did nothing to support organized labor except lip service."

Green said he still considers Biden the most pro-union president of his lifetime. But he hopes the White House won't stay neutral if there's a strike.

"We don't forget," Green said. "When you're in distress, the people who are there supporting you -- that goes a long way."

Biden faced some criticism from labor groups last year when he urged Congress to approve legislation preventing rail workers from going on strike, fearing an upending of supply chains heading into the holidays. But, unlike with rail and airline workers, the president doesn't have the authority to order autoworkers to stay on the job.

Nowhere will the political fallout of an auto workers strike be felt more than Michigan, which Biden won by nearly 3 percentage points in 2020. The state shifted further during last year's midterms, leaving the governor's office and Legislature Democratic-controlled for the first time in 40 years.

Michigan since became the first state in nearly six decades to repeal "right to work" laws limiting union activity that had been approved by the GOP-controlled Legislature in 2012. Still, a strike could shake up politics statewide.

"The UAW is a major player in Michigan politics and if there is a strike, of whatever duration, it'll have a political impact," said Mark Brewer, former chairman of the Michigan Democratic Party. A strike, Brewer said, would leave Biden having "to speak and act consistent with his previous advocacy for working people."

That might mean alienating other allies, though, since Biden has in the past received support from top U.S. automakers on the administration's rules over future sales. And Ray Curry, the former UAW president who was unseated by Fain, had worked with Biden in the past, even attending White House ceremonies.

Biden was nonetheless anxious to meet Fain given the pair's shared working-class backgrounds, and they sat down together one-on-one in the Oval Office in July. The White House says it has been in regular touch with the UAW since then, and that overall communication is much better now.

"We are engaged regularly with the parties, and of course seek to support negotiations in any way that is helpful," said Michigan native and longtime Democratic and Biden adviser Gene Sperling, who the president tapped as the administration's point person on the autoworker negotiations. "But there is no substitute for the parties staying at the table 24/7 to come to what the president wants to be a win-win agreement."

Union support was instrumental in helping Biden overcome a slow start to clinch the 2020 Democratic presidential nomination, and it helped him win not just Michigan but Wisconsin and Pennsylvania as he defeated Trump in that year's general election.

Underscoring his commitment to organized labor, Biden's lone campaign rally since launching his reelection bid in April came in June in Philadelphia, when more than a dozen of the country's largest and most powerful unions endorsed Biden for a second term.

So many unions banding together for an unprecedented joint endorsement so early in the election cycle was meant as a show of strength for the president. Conspicuously absent from the event, though, was the UAW. Fain has since said that if Biden wants the UAW's 2024 endorsement, he'll have to earn it.

Other union leaders acknowledged what's at stake for the president.

"Are strikes uncomfortable for an administration?" said Randi Weingarten, president of the American Federation of Teachers, which endorsed Biden's reelection this summer. "Of course they are."

But, she said, "The administration believes in workers and believes that workers have the power to have a better life through collective organization and through collective bargaining."

"This is not a soundbite to them," Weingarten said. "This is a belief system."

___

Weissert reported from Washington. Associated Press writer Tom Krisher in Detroit contributed to this report.

Continue Reading...

Popular

Warren Buffett's Top Stock Picks Now Come With a 15% Income Bonus Through This Fund

A new ETF is offering investors the chance to follow in the footsteps of one of the world's most successful investors and earn income at the same time.

Why Barrick Gold Stock Is Trading Lower

Barrick Gold Corp (NYSE:GOLD) shares are trading lower by 4.5% to $19.08 during Wednesday’s session.

Elon's Greatest Invention... Hidden in South Memphis? - Ad

Tech legend Jeff Brown recently traveled to the industrial zone of South Memphis to investigate what he believes will be Elon's greatest invention ever... Yes, even bigger than Tesla or SpaceX.

Canadians put off by Trump's bluster and border arrests are booking far fewer US visits

VANCOUVER, British Columbia (AP) — Diana and Rick Bellamy initially planned to take a Caribbean cruise out of Houston before heading to Laurel, Mississippi, to visit the home of one of their favorite HGTV shows, “Home Town.”

Shiba Inu Burn Rate Skyrockets 2,094%: What Is Going On?

Shiba Inu (CRYPTO: SHIB) has seen a massive spike in burn activity and on-chain growth, fueling speculation of a

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs! - Ad

Trump just launched a $1 trillion National Investment Fund to replace income taxes and send direct payouts to Americans. You could claim up to $21,307--before the first public checks go out. This is historic. Act now to be first in line.

Gold's Historic Surge Unlocking Value in These Mining Stocks

Surging gold prices have amplified the profitability of global gold mining companies. Here are some stocks to consider.

Tesla Stock Skyrockets 20% Following Elon Musk's Return and Shift From DOGE

Tesla shares have experienced a 20% surge following the announcement of CEO Elon Musk's return to the company.

Trump's Crypto Blueprint Unveils This Infrastructure Powerhouse - Ad

One blockchain token sits at the heart of Washington's pro-crypto agenda. Institutions are loading up while it still trades at a discount. Here's how to get in for $3.

Alexandria Ocasio-Cortez Asks,'How Much Did Majorie Taylor Greene Make When She Bought The Dip?'

"Just how much did Marjorie Taylor Greene make when she bought the dip?" Alexandria Ocasio-Cortez asks in the caption of a YouTube video calling for a ban on Congressional trading.

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire" - Ad

Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.

This CEO Says Tariff Uncertainty Is Actually Good for His Business

John Santora, the CEO of WeWork, has revealed that the current economic uncertainty due to tariffs is driving an increase in business for the coworking space company.

The Cross-Chain Giant Set for 1,000%+ Gains - Ad

This multi-chain protocol's volume is exploding while its price is still under the radar. Institutions are moving in fast-get our urgent report before retail wakes up.

Activists to rally worldwide on May Day, with US protests targeting Trump policies

CHICAGO (AP) — From worker rights rallies to marches for social justice, activists around the globe will kick off demonstrations on Thursday.

Musk defends his work as he prepares to wind down at DOGE but gives hazy answers on future

WASHINGTON (AP) — , preparing to step back from his work leading the , had a request of the reporters gathered at the White House to interview him: Before he would answer any questions, he wanted someone to tell him a joke.

You Can Take a Stake in Elon's xAI Before June 1st... - Ad

Elon Musk's private AI firm xAI may have just leapfrogged ChatGPT and Google's Gemini--building what experts call the future of AI. For the first time, you can take a stake starting at $500.

Corporations Will Pour $330 Billion Into Bitcoin By 2029: Bernstein

Investment firm Bernstein expects corporate treasury allocations to drive approximately $330 billion into Bitcoin (CRYPTO: BTC) over the next five years, fueled primarily by public companies adopting Strategy's (NASDAQ:

Trump's AI Education Push, Cramer's AI Stock Optimism, And More: This Week In Artificial Intelligence

Week full of AI news: Trump advocates for AI education, Cramer bullish on AI stocks, Amazon and Nvidia dismiss data center fears, OpenAI's restructuring raises concerns, Nadella's Microsoft introduces AI updates.

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

OpenAI reverses course and says its nonprofit will continue to control its business

After months spent pursuing a plan to convert itself into a for-profit business, OpenAI is reversing course and said Monday its nonprofit will continue to control the company that makes ChatGPT and other artificial intelligence products.

Eliott to celebrate NAPA's 100th anniversary with gold car. Credits company for his NASCAR career

CHARLOTTE, N.C. (AP) — Chase Elliott, son of a NASCAR Hall of Famer and the sport's most popular driver, has 19 career Cup Series wins and championship titles in both the Cup and Xfinity Series.

The Most Important "AI Stock" You've Never Heard Of - Ad

The AI revolution is moving faster than anyone expected. But what no one is talking about is the one company AI simply can't exist without. It may be the single most important AI investment, yet most people don't even know its name. For now. The moment Wall Street catches on, this $20 stock could explode.

What's Going On With VeriSign Shares Friday?

VeriSign reported better-than-expected first-quarter earnings on Thursday after the market closed.

Swiss leader says Trump administration foresees 'privileged' talks with 15 countries on US tariffs

GENEVA (AP) — The Swiss president says Switzerland is among 15 countries with which the United States plans to conduct “privileged” negotiations to help reach a deal in the wake of sweeping U.S. tariffs on dozens of countries that have shaken global markets.

"Market Wizard " Thrives on Tariff Turmoil - Ad

Steel. Copper. Semiconductors. Another round of tariffs is rattling Wall Street, triggering panic selling. But history shows these policy moves don't just create losers - they create massive trading opportunities.

Jeff Bezos Wants To Send You To Space After Katy Perry: Here's How Much A Reservation With Blue Origin Costs

Blue Origin is taking reservations for its next trips to space after sending pop star Katy Perry there. Here's how much a reservation costs.

Nvidia Is About to Shock the World: July 23rd - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: July 23rd! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

Zio Demand Drives 20% Revenue Growth For iRhythm, Bullish Sentiment Builds Among Analysts

iRhythm raises 2025 sales forecast and launches Zio ECG system in Japan as analysts boost ratings and price targets on strong Q1 performance.

Gold Is Breaking Records. This Stock Hasn't Moved Yet. - Ad

With gold over $3,200, one near-term producer is still trading like a developer. But the mill is running, crews are working underground, and first production is months away.

Applied Digital (APLD) Secures $150M Preferred Equity Deal: What's Going On?

Applied Digital shares are trading higher by 14% during Thursday's session. The company announced it had entered into a Preferred Equity Purchase Agreement with select investors.

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend -- twice featured on 60 Minutes -- predicts that "Amazon Helios" will be bigger than all of those... COMBINED.

Is Norfolk Southern 'making it right' after Ohio derailment? New lawsuit adds to doubts

Norfolk Southern began making promises to East Palestine, Ohio, soon after its train in February 2023, saying it would after five tank cars of vinyl chloride were intentionally burned, sending up a huge black plume of smoke that spread more toxic chemicals over homes, schools and farms.

Submarine designers in Connecticut say they'll strike on May 18 if contract deal isn't reached

GROTON, Conn. (AP) — About 2,500 workers at Electric Boat shipyard in Connecticut plan to strike on May 18 if a tentative contract agreement is not reached with the submarine builder, the union president announced during a rally Thursday.

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

Gentex Q1 Impacted By Tariff Uncertainty, Suspends Mirror Production For Chinese Market

Gentex shares fall as Q1 results reflect tariff pressures, prompting a halt in China-bound mirror production and a lowered 2025 sales outlook.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service