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Tag Archives: bailout
Ok, so in the recent news we have the ever open mouth of Harry Reid, touting how Secretary Paulson, has this power to bailout the unions.( ‘he has the power but just won’t do it’, implying that he solely is in favor of the big 3 failing) No I didn’t say that wrong, make no mistake- this isnt about the automakers failing. This is strictly about the UAW voters whom the liberals have been swooning to as of late to ensure their pocket voters will stay in their corner in all the forthcoming elections.
Ok so I just read an article where a leader of the UAW, decided that the union workers will not give up concessions in any sort of bailout deal. Really? So- I see , the taxpayers of this nation, whom have not done one thing towards the contract, to the automakers, to the CEO’s etc., can concede you 50 billion dollars but you and your fellow coworkers wont agree to taking any of the burden? Excuse me?
General Motors oldest retiree will be 110 years old this year. The employee worked for GM for 32 years and has been collecting pension and health benefits for 47 years. If this employee dies and leaves behind a spouse, the spouse will get a partial part of his benefits……..
…For every worker working at General Motors they are footing the bill for 2.5 retired workers. The picture is not going to get any better as long as the UAW isn’t willing to make concessions. What concessions could the UAW make? How about going on par with what the blue-collared salaried workers make and then negotiate to the national averages.
Ok, don’t get me wrong here folks. I don’t want GM, Ford or Chrysler to fail anymore then any of you do. I understand that these companies employ thousands of Americans.
That being said, I am against taxpayer bailouts. Part of free enterprise is risk and reward. This means the Big 3 arent exempt from it merely because they employ we Americans. I dont hear rallies to bailout ‘Dominics Pizza’ who employs 15 Americans? Why because a mom and pops business is less important to the masses?