Monday, April 7, 2025

UAW Chief Shawn Fain is the Dumbest Union Leader of the Day

Why he doesn't care about the stock market:

He doesn't care much about the stock market's decline.

"You know, half of Americans don't even have stock," he said. (Some estimates say well over half of Americans own some stock.)

"Sixty percent of Americans have no retirement savings," he said. "So when I hear all the crying about the stock market, this is just Wall Street. They're people that are already rich, and at the end of the day, most working class people are trying to survive right now. And it's infuriating that our livelihoods have been stripped from us for decades and no one's cared.
"

Guess what, Numbnutz: Your members don't have pensions. That got negotiated away. They have 401(K)s.

And guess where the funds of those 401(K)s are invested, Shawn? Anyone?

Let's not always see the same hands. But yes, class, IN THE MOTHERFUCKING STOCK MARKET!

That's right, folks, you don't have to directly own a single share of stock to be affected by the stock market. If you have a 401(K), you're almost always in the stock market, to some extent.

Which means a crashing stock market hurts your union members, you dumb shit.

4 comments:

  1. The man is an idiot. He doesn't understand the the people he
    represents never minding the general labor market. He doesn't
    know that his members depend on the stock market and auto
    sales the bread and butter of the industry his union depends on.

    I'll bet his nest is well feathered.

    Eck!

    ReplyDelete
  2. Read that 51% of Trump voters and 46% of Harris voters own stocks or indexes…fun how they still manage to fuck “their own” at a higher rate. Just shows that Trump voters are a cash crop, not a voice to be listened to.

    ReplyDelete
  3. Just In: White House says that their private polling shows American Workers are on board with tariffs.

    Same for using Ivermectin, Bleach, and sunlight up your ass to cure Covid. Same place they're trying blow smoke.

    The gaslighting never stops.

    ReplyDelete
  4. The current White House polls are taken at one of Trump's meeting with his appointees and staff. After they go around the table with individual praise for the petulant narcissistic six-year-old, they take the poll. Answer wrong and it's "Your fired" in an email with a not so subtle threat on your well being.

    ReplyDelete

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