The Spark

the Voice of
The Communist League of Revolutionary Workers–Internationalist

“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx

Flooding the Airwaves and Newspapers

Feb 5, 2007

The auto companies are on a campaign to "sell us’ the FALSE idea that the auto industry is dead or dying and so workers must give up concessions.

Auto bosses get bonuses if they can trick workers into accepting concessions. Ford just announced executive bonuses after workers there had concessions forced on them.

  • Ford has 33.7 billion dollars in ready cash
  • GM was the top performing stock in the Dow Jones Industrial Average in 2006
  • GM has 26.4 billion dollars in ready cash
  • Chrysler executives got bonuses in 2006 and their U.S. sales were UP 1% in 2006

The auto industry is alive and cyclical as always. They are playing "shock and awe" games to soften up workers for more concessions.