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Tuesday, November 18, 2008

Union is severly handicapping US Automakers

It is very obvious, after watching the Senate Hearings with the CEOs of the big 3, Pres of the UAW and Maryland Economist, for 30 minutes, that the cost of the union on the big 3 has basically put them out of business.

The best result of the contract negotiations year after year, having a strong union which provided an environment fostering a strong, secure future wage, severance, healthcare and retirement package for their workers, what many may call a silver parachute, compared to all other worker, is to lose to the competition.

There was a time for the union, but the union is now the albatross aroung the big 3's neck, which now the US tax payers are supporting. This is the root cause and until it is addressed we will continue to watch these companies bring up the rear and continue to struggle.

As a tax payer, I don't believe I should have to pay my money to subsidize the autoworkers net worth, on top of all of the other social programs. I have enough difficulty growing my net worth. This is a gross insult to the intelligence of regular people.

1 Comments:

Blogger Ronald said...

Get the facts on the auto bailout at ... www.JoeTheAutoworker.com

November 24, 2008 at 12:33 AM  

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