Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Obama to meet with auto union workers/AFP

Kenya

Obama to meet with auto union workers

Obama to meet with auto union workers/AFP

WASHINGTON, Feb 25 – US President Barack Obama will address members of the United Auto Workers union Tuesday as Republicans hold a key primary contest in Michigan, home to the US automobile industry.

White House Deputy Press Secretary Josh Earnest told reporters the president will speak at the annual UAW community action program conference, which will bring together 1,700 of the union’s leaders from across the country.

“At the conference, the president will discuss the steps we must take to create an economy built to last, an economy where everybody has a fair shot, where the middle class and those fighting to get into it get a fair shake,” Earnest said.

He will discuss the 2009 bailout of the US auto industry, which cost more than $50 billion but, according to White House officials, created approximately 200,000 new jobs over the past three years, Earnest said.

Republicans will hold a primary election in Michigan on Tuesday.

Former House speaker Newt Gingrich, appearing on CNN television Friday, said the bailout of the automobile industry had worked only partially.

Moreover, in Gingrich’s view, it has dangerously increased the power of the United Auto Workers union.

“It has shifted the balance of power inside the companies decisively,” he said. “And remember: Chrysler is now Fiat. So you saved an American company by making it not an American company.”

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Headlines

NAIROBI, Kenya, Mar 16 – The World Bank has given the Kenyan government USD 60 Million (Sh6.1 billion) to help combat the deadly coronavirus pandemic...