John Deere strike imminent?

cymac2408

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Jul 4, 2013
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The state didn't just attempt to gut CB, they did gut collective bargaining without giving us back the right to strike. Gov. Ray would be spinning in his grave if we saw what his own party is going to the state of Iowa.
You are absolutely right. The teachers contract went from approximately over 100 pages to basically two.
 

swiacy

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Apr 9, 2009
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This is what I also thought cause the machines are built to a customer’s specifications. I just wasn’t 100 % positive on the financing of it. I’m sure there is at least a huge deposit of some kind.
We have participated in what at the time was called the “gold key” program. Arrived at the Waterloo plant at daybreak and followed our tractor frame through the plant as the tractor was constructed. At the end of the assembly line, my son signed his name & date under the hood and started the engine for the first time & drove it off the line & outside the building. We left and the tractor was field tested later and delivered to our dealer. The purchase order was signed and accepted at our dealership weeks earlier. No “money” exchanged hands until it was delivered to us.
 

jsb

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That's just the standard response when congressmen don't want to answer something these days. But with his dementia, he's more likely to think it's the strike from the 80's again rather than knowing anything that's going on right now.

yeah. I know that’s standard. His wording, however , made it sound like he really didn’t know. That’s why I said genuinely.
 

BCClone

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Sep 4, 2011
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Not exactly sure.
That’s the rumor. All salaried and even some from Deere financials. If true, good luck with that! You need welders, Cnc operators, painters, inspectors, fork lift drivers, assemblers, etc. to build these machines at the Ankeny plant. I guarantee you it will take a minimum of 6 months to a year to get one sprayer off the line. People don’t realize how complex of an operation it is. Doctors, chiropractors, physical therapists will be busy.
Wait until December. Farmers may show up and build their own if it drags on.
 

NWICY

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Sep 2, 2012
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That’s what I’ve heard too. If it looks like it might go on that long I wonder if it’s worth it to hire and train some scabs.

I'm guessing it will take between $20-25/hr to cross the line. I'm guessing closer to 25. there are a fair amount of similar jobs at the 18-20 range without having to cross a picket line.
 

Farnsworth

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Apr 11, 2006
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Des Moines, IA
A lot of talk on repairs, but doesn't independently owned dealerships do all that?

My dad is a shop foreman at a dealership and I can't believe I haven't heard about this until now.
 

NWICY

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Sep 2, 2012
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As the math above showed, the person receiving a 6% return (which is below the long-term average return of the S&P 500) over the course of a lifetime would have around twice their working income when they retire in perpetuity. The SS recipient would have only a fraction of working income. The second scenario you described could not happen; they would not be able to outlive that long-term income.

Trying to use the disability insurance program to cover for the flaws in the old age program in SS goes to show the weaknesses in the structure of the latter. They're not really a package deal. There's no reason you could not leave the disability insurance unchanged while allowing the old age program to generate market-average returns instead of no returns at all. As I said, it's a much better deal to American workers.

You seem to think my aim is just to blow everything up. Nah, not really. The goals the SS program was created to address -- old age income security and disability insurance -- are worthy ones. I'm just not convinced it is done in the most efficient way right now. "If you are going to do it, then do it right," and there is really no case what we're doing now is the best way. It's almost comical how conservative you want to be.

Crashing a market that bad would require something like a nuclear war. One of those classic "you've got bigger things to worry about" scenarios than your retirement accounts' savings at that point.



I still don't get you.

You do realize that nearly 60% of your IPERS is in the market, right?

Some subset of that is in private equity, too, which is even riskier than the S&P 500?

Why aren't you panicking? You keep ignoring this point.


The nice thing about IPERS is when the market crashes the Iowa tax payers have to pony up to make up the difference. Yeah that's actually happened. (at least that's the way I remember it)
 

Sigmapolis

Minister of Economy
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Aug 10, 2011
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Waukee
The nice thing about IPERS is when the market crashes the Iowa tax payers have to pony up to make up the difference. Yeah that's actually happened. (at least that's the way I remember it)

Hey now. Stop it with saying the quiet part loud.

This is why an IPERS superfan who hates the "Wall Street casino" isn't worried.

He knows he's got the taxpayer over the barrel. So either way, he wins.

I think accountants call that having "off-balance sheet assets."
 

NWICY

Well-Known Member
Sep 2, 2012
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Not true about welders. I used to be certified in 3G and 4G, you make a mistake and have a knife plate not correctly welded that is a hell of a lawsuit.

Googled is the type of knife plate your talking about a support for posts or beams. that is the 1st thing that came up in the search.
 

theguru1

Member
Sep 6, 2012
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And?

If there's no parts, what does it matter if there's workers or not?

There are parts just not enough to do 22/day. So if you are able to do 12 machines. You only drop 10 machines that day which is better than dropping 22 machines.
 

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