Steven Rattner on the UAW Strike and the Challenges of Bidenomics
Odd Lots
Bloomberg
4.4 • 1.6K Ratings
🗓️ 22 September 2023
⏱️ 56 minutes
🧾️ Download transcript
Summary
When the US auto industry needed a restructuring or bailout in 2009, the Obama administration tapped former banker and investor Steven Rattner to lead the effort. As the government's "car czar," he helped shape an agreement that saw the United Auto Workers accept significant concessions in order to preserve the financial stability of the big three American carmakers. Now the UAW is on strike, with an aim of reversing many of those concessions and gaining new benefits for their workers. So what can the UAW reasonably accomplish? How plausible are their asks? And can US industry remain competitive with higher labor costs? On this episode of Odd Lots, we speak with Rattner to get his take on the negotiations, the challenge of the energy transition on the incumbent automakers, and the goals of Bidenomics more broadly, as the administration seeks to boost domestic manufacturing in areas like EVs, batteries, and semiconductors.
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| 0:42.3 | This is Barry Rittles here to tell you about another podcast we think you'll love listening to. |
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| 1:27.7 | Hello and welcome to another episode of The All Blots Podcast. I'm Tracy Alloway. |
| 1:32.1 | And I'm chill, why isn't that? Joe, it is the first week of the United Auto Workers Strike. |
| 1:37.7 | I feel confident predicting that by the time this episode comes out, it'll probably still be ongoing. |
| 1:43.5 | Right, so we are recording this September 20th. I think you're listening to this Friday, |
| 1:48.3 | September 22nd, even in the off chance that they get a deal between now and then there's a lot |
| 1:54.6 | going on with autos right now. There's a lot going out with labor that even if they're by |
| 1:58.8 | some miracle, there's a deal in the next 48 hours, it's worth having a deeper understanding of |
... |
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