32 votes

US CNBC anchor accuses UAW leader of 'class warfare' for fighting for workers

3 comments

  1. spinoza-the-jedi
    Link
    Clearly it's silly to think that those at the top are "fat cats" and are being greedy. How dare the workers engage in "class warfare". How dare they compel so many to clutch their pearls. Oh, ok....

    Cramer took issue with Fain's suggestion that Big Three shareholders and CEOs have been "overly rewarded" and scoffed at the notion that shareholders are "fat cats."

    "That's class warfare and it's very shocking to hear class warfare," said Cramer.

    Clearly it's silly to think that those at the top are "fat cats" and are being greedy. How dare the workers engage in "class warfare". How dare they compel so many to clutch their pearls.

    The companies have made a quarter of a trillion dollars in North American profits over the past 10 years, and reported a combined $21 billion in profits in the first half of this year.

    "Big Three CEOS saw their pay spike 40% on average over the last four years," said Fain.

    Oh, ok. Well, I'm sure the workers got a fair raise too, considering.

    According to the union, most new workers start out making $16 per hour, but if cost-of-living increases had been maintained since the Great Recession, the starting wage would be $28.68—about $21,000 more per year.

    Oh...ok, maybe not.

    Sounds to me like class warfare has been raging for a little while now and a few definitely-not-fat cats are a bit frustrated that the workers finally realized it. Gotta love that projection. Thank you, corporate-owned media, for your fair and objective journalism in the face of class warfare.

    33 votes
  2. SmolderingSauna
    Link
    There is no media outlet in the Western/capitalistic world where a balanced discussion between labor and management has ever taken place. For-profit media supports for-profit management (sorry,...

    There is no media outlet in the Western/capitalistic world where a balanced discussion between labor and management has ever taken place. For-profit media supports for-profit management (sorry, NPR, even you must plead nolo contendere).

    19 votes
  3. [2]
    Comment removed by site admin
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    1. CptBluebear
      Link Parent
      You can invest in an inverse-Cramer index. It's generally up, and quite well too. Cramer is a hack and a corporate bought fool. He's accusing a labour rep to stop repping for labour. The article...

      You can invest in an inverse-Cramer index. It's generally up, and quite well too.

      Cramer is a hack and a corporate bought fool. He's accusing a labour rep to stop repping for labour.

      The article quotes someone quite aptly: "as if there's anything wrong with that."

      10 votes