Fed helps Harley, but firm cuts wages, workers, and sets up plant in India
The Federal Reserve purchase of $2.3 billion in Harley-Davidson bonds or stock is particularly galling, given that a) Harley just imposed a new three-tier wage structure for their Milwaukee workers and cut several hundred jobs despite their profitability and b) just announced the opening of a new low-wage plant in India. The announcement occurred during President Obama's tour of India billed as an effort to promote "US exports" to India.
In this case, that meant the export of US jobs. (Harley's extortion of wage cuts and the three-tier wage structure has been covered in depth on my workinginthesetimes.com site, and the posts are reprinted here on my Z website. In a new development, Harley contemptuously down $25 million in state incentives because the corporation refused to accept the job-creation provisions)
With the bank bailouts, there were no requirements of actual lending to stimulate the economy or limits on bonuses, and the unconditional GM and Chrysler bailouts produced a near-doubling of imports from GM and Chrysler plants in Mexico and China.
Once again with Harley, US taxpayer dollars benefited a corporation without any conditions about maintaining our US base of manufacturing jobs
More detail to follow as we learn more
Roger Bybee
I'm teaching in Labor Studies at Penn State and the University of Illinois in on-line classes. I've been continuing with my work as freelance writer, with my immediate aim to complete a book on corporate media coverage of globalization (tentatively titled The Giant Sucking Sound: How Corporate Media Swallowed the Myth of Free Trade.) I write frequently for Z, The Progressive Magazine's on-line site, The Progressive Populist, Madison's Isthmus alternative weekly, and a variety of publications including Yes!, The Progressive, Foreign Policy in Focus, and several websites.Ā I've been writing a blog on labor issues for workinginthesetimes.com, turning out over 300 pieces in the past four years.My work specializes in corporate globalization, labor, and healthcare reform... I've been a progressive activist since the age of about 17, when I became deeply affected by the anti-war and civil rights movements. I entered college at University of Wisconsin Milwaukee just days after watching the Chicago police brutalize anti-war demonstrators at the Democratic Convention of 1968. I was active in a variety of "student power" and anti-war activities, highlighted by the May, 1970 strike after the Nixon's invastion of Cambodia and the massacres at Kent State and Jackson State. My senior year was capped by Nixon's bombing of Haiphong Harbor and the occupation of a university building, all in the same week I needed to finish 5-6 term papers to graduate, which I managed somehow. My wife Carolyn Winter, whom I met in the Wisconsin Alliance, and I have been together since 1975, getting officially married 10/11/81. Carolyn, a native New Yorker, has also been active for social justice since her youth (she attended the famous 1963 Civil Rights march where Dr. King gave his "I have a dream speech"). We have two grown children, Lane (with wife Elaine and 11-year-old grandson Zachary, who introduced poker to his classmates during recess)Ā living in Chicago and Rachel (who with her husband Michael have the amazing Talia Ruth,5, who can define "surreptitious" for you) living in Asbury Park, NJ. My sister Francie lives down the block from me. I'm a native of the once-heavily unionized industrial city of Racine, Wis. (which right-wingers sneeringly labeled "Little Moscow" during the upheavals of the 1930's), and both my grandfathers were industrial workers and Socialists. On my father's side, my grandfather was fired three times for Socialist or union activity. His family lost their home at one point during the Depression. My mom's father was a long-time member of UAW Local 72 at American Motors, where he worked for more than 30 years. Coming from impoverished families, my parents met throughĀ a very low-cost form of recreation: Racine's Hiking Club.
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