26 September 2007

UAW And GM

I guess that this has gotten people's attention, but I could be wrong. It is billed as negotiations between the company and the union on retirement and health care mostly. So most people just ignore it as a game played by unions and companies. It is NOT!

I realize that most Americans cannot remember past last night's meal but about 15 years ago Caterpillar had a stand-off with the union and it broke the union. Cat stock went from about $5 a share to about $75 a share. Now there is the real reason for this. GM stock has been at about $35 a share forever, they need to break the union's hold. And, boys and girls, that is what is going on in Michigan.

It is not about jobs, health, retirement; it is about the process of breaking the union and making more profits for the share holders. But ask yourself, where would GM be today without the workers they are trying so hard to screw over? This is an important situation, if the unuion is broken then jobs will leave for sure and the workers will be left on the curb like some well used hooker.

Wake up! this will effect the entire country and especially the workers who by the way, create ALL WEALTH!


CHUQ
26 Sept 2007

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