email to Jim Cramer

Jim Cramer

Watched your show for the first time last night. Revelations. Great. Thanks.

Always went right by your program, based on a previous show you did with another guy (name ?) – that guy is rabid – the Democrats are not going to turn our country into another France.

Right on about GM and manufacturing being the backbone of our Country. Ditto about those hedge fund bastards.

I was in and around manufacturing for almost 45 years, and mostly involved with the auto industry. I have been an investor since sitting as a 12-year old with my grandfather watching the electronic board in Detroit. He was a financial man.

You are not correct about one thing. An auto worker would have to work a tremendous amount of overtime to ever make $70,000 a year. Don’t believe the GM Corp BS. The new hires are now at about $14 and hour. Of course, benefits add to that I guess, but they have been cut back considerably.

Blaming the Unions is just not right. I spent a lot of time in the Delphi plants. They were really an example of the worst possible management. I contend that if the Union guys and gals worked for nothing in those plants, Delphi could still not make a profit. This was generally typical of all GM plants. Management was the problem. I haven’t been in a GM plant lately though.

I worked for suppliers to GM. Most of us are gone now, squeezed out of business by GM and Chrysler. Now they have no one left to squeeze, and are having to deal with European suppliers. Too bad.

One more: One of the big suppliers was closing their plants and laying off workers till they got down to about 120 employees left – and they still had 26 vice presidents…

Thanks again, I enjoyed your show.

wot