By Warner Todd Huston ——Bio and Archives--November 15, 2008
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UAW wants to instead enrich health and retirement plans they control, like the $35 billion GM VEBA (Voluntary Employee Beneficial Association). GM is scheduled to make a $7 billion payment in 2010. These entities will survive the collapse of the companies. Union boss control of all this money will not protect worker benefits, but will only guarantee another generation of union corruption and political power.The NLPC also goes on to say that union contracts are the “automaker’s biggest problem.” On Special Report on Fox News, Charles Krauthammer agreed with the NLPC’s assessment. Saying that any bailout for the automakers will be “inefficient,” he went on to say that union contracts are a main problem.
As Mort indicated, it’s a way of saving the old obsolete and ruinous union contracts which have driven the big three into bankruptcy at a time when the manufacturing of Japanese companies and others in the south is succeeding. So, in the end, you have to make a decision. Are you going to throw money into the auto companies? It will be a maw that will be endless. And you have to draw a line.That is right on. If we bailout the automakers and any of that bailout goes to unions it an illicit action. That will not help anything at all.
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Warner Todd Huston’s thoughtful commentary, sometimes irreverent often historically based, is featured on many websites such as Breitbart.com, among many, many others. He has also written for several history magazines, has appeared on numerous TV and radio shows.
He is also the owner and operator of Publius’ Forum.