News, articles, topics and information about the economy, jobs, employment and products, manufacturing and proudly the best products in the world. American goods produced by U.S. companies of the USA and what’s going on and what’s  the story, Jerry. Reason of all the jobs lost, laid off and built in U.S. products United States could not save new manufacturing jobs. Our consumers buy U.S. products and are needing  jobs with the union label in factories and construction industry. Our workers majority are Baby Boomers or baby boomer built economy and has baby boomer effects on economy as a changing society which is a loss of jobs. Building with pride, built with pride and proud to be American is what’s the story about. How to deal with being laid off with no work and a lost job. Search and look for a new career that many can’t find in the job search in New York City, New Jersey that were lost from WTC on 911, world trade center, twin towers, attack, all states. The new president will bring change to government and work on incentives to strengthen our economy as soon as he is sworn in. babyboomer news American produced. Proposed economic stimulus package, stimulus packabe, bailouts, fed bailout, recovery package, income tax rebates, gm, ford motor company, banks, financial, the story. UAW, workers,

     Welcome to, Jerry’s What’s Made In America ?. What’s The Story - As the Baby Boomer generation moves into retirement a transition of values will be passed on to the younger workforce ahead. Together we must repair our economy and instill pride back into ourselves, products and marketplace. This site will contain facts, information and opinions about America’s changing economy in relation to the loss of American jobs & loss of products manufactured in the U.S. The effects of politicians poor decisions, foreign deal making, and in general selling  the U.S. out and increasing the amount of imported goods. Topics will include opinions about domestic products, political mistakes, inflation, interest rates, consumers habits, industry, foreign policies, global economics, our workforce, loss of U.S. Jobs, products of United States, union made, USA, healthcare, retirement, cost of living, generations, famous words - sayings, Baby Boomers and Boomers effects on our economy and related info. Jerry 2008

Ford Motor Company Moving Forward Without Stimulus Package

Unlike GM and Chrysler, Ford Motor Company continues to move forward using their own financial resources without the need to borrow money from the federal Financial Stimulus Package Fund at this time. Ford Motor Company is the first of the Big Three to reach such an agreement with the autoworkers union showing there can be win- win bargaining during these tough times. Some of the delay in UAW bargaining with GM and Chrysler is that GM owes about $20 billion to the retiree fund and Chrysler about $8 billion. It proves again how Ford is making every effort to be competitive in the middle of this economic slowdown period while saving UAW jobs in America. Ford’s goal to become stronger and resilient in a global marketplace while striving to maintain its proud U.S.A. work force seems to be working.

Ford/UAW Reach Agreement

Recently, in a Ford Motor Company press release, an agreement of modifications to the Voluntary Employee Beneficiary Association between Ford and the UAW Workers was published yesterday and needs federal approval.

In the past this VEBA trust fund was paid 100% in cash and this new agreement allows Ford the option to pay up to 50% with common stock into the retiree health care trust due to the cash crunch. This is part of the benefit package of the UAW which gives a retiree and their spouse full health benefits for life. Ford claims that this along with past agreements and other restructuring efforts with the UAW, will help Ford be more competitive with the foreign carmakers that manufacture autos in the U.S.

According to Ford, these agreements are critical for them to continue operating without federal funds through the current recession. Ford thanked the UAW president and vice president’s leadership and bargaining committee efforts in these discussions.

Ford Earns Refundable Tax Credits

Recently Ford received a $55million incentive to continue to develop electric powered vehicles. Just another innovative way Ford wants to be the leader in electric powered vehicles. The Michigan Economic Development Corporation has granted this $55million to Ford to help fund their research and development of hybrid models already designed and in progress to market by 2012. Ford Motor Company continues to “think outside the box” searching every way possible to make their own path out of the recession.   2/27/09

Gas Crisis 35 Years Later.. No Difference -  Who Remembers..

Economic Stimulus Package

GM Bailout Plan Would Require $85Million a Day

It seems that GM swallows bailout money faster than the fed can feed it. GM reported a loss for the three month period October 2008 to December 2008 of $9.6billion- that’s almost $85million a day. Considering GM received the first bailout payment of $13.4billion two months ago, how long will the next $18billion last? By applying simple arithmetic the money would be devoured in less than five months at the rate that GM is sucking up cash. In addition GM will lay off an additional 10,000 American workers and is currently late with payments to the UAW employee benefits fund of $20billion.

Let’s do some simple math. If you take the loss from the first quarter of this year-  $10billion and add the $20billion GM currently owes in employee benefits, the total equals -$30billion. Now if the Fed writes a Stimulus Package check for an additional $18billion that means the day that Rick Wagoner (GM) accepts the bailout money, GM will be $12billion in the hole without paying any other creditors.

What’s the Story Rick? Rick Wagoner is forecasting that by 2011 GM will be able to start to make payments on this federal loan. This forecast will be included in Rick’s viability plan to apply for more bailout money. Do you believe this? GM’s- Rick Wagoner’s past business plans have not been accurate since his first application to borrow money from the TARP fund. There already have been 50,000 jobs cut and 11 factories closed which have not yet stopped GM’s daily increase of debt. The employees at GM have been through this roller coaster before and should be aware of the smoke and mirrors technique that Rick continues to stand behind.

Under Rick’s plan- GM will keep closing factories, laying off autoworkers and have no recovery plan in place to stimulate the sales of GM’s products to the consumer. Is it time for an employee takeover of GM? Experienced employees may have the best solutions to consolidate, cut costs and be viable while streamlining the manufacturing of autos. The staff and workers at GM need to face the reality that Rick is dragging the corporation to a near dead end.

To the average taxpayer, $30billion is a tremendous amount of money and it is hard to comprehend the total amount of GM’s financial problems. The facts that that never get posted in GM press releases is the total $debt GM has on the street. GM’s current cash flow is a leveraged -$10.7 billion, plus monthly losses of $3.5billion and add to that over $1trillion of other GM liabilities. It is very clear to see that the economic stimulus package or bailout money is not going save GM or its employees jobs. Unfortunately the future looks grim as daily news stories unfold about General Motors financial troubles. Once known as the “Heartbeat of America”, GM now needs a heart transplant and we are trying to treat it with an aspirin. It is time to stop prescribing the aspirin.

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