Tomorrow, at 8:00 am, one of the largest corporations in the United States will file for bankruptcy. Only problem is , this isn't your ordinary bankruptcy.
Under this new regime headed by The One, large companies are being forced into pre-arranged bankruptcy, with said arrangements specifically designed to extract control from free market, capitalistic ownership and give it to organized labor. All to the thunderous applause of our elected leadership.
The US government has put the US taxpayer (that's you and me) on the hook for billions of dollars for the bankruptcy's of GM and Chrysler, whose future's depend solely on the very organizations that ran them into failure: the United Auto Workers.
Never before has there been such a transfer of wealth at the command of the government. Even during wartime (esp. WWII), these companies turned production completely over to war material, but were not nationalized.
In the past, I was mostly union-neutral. I didn't really care if unions got their way or not, most likely because I've never been employed where a union had any authority over me. Tomorrow, though, that will change.
I will be anti-union. It's their fault. They refuse to recognize that in the "one world" that liberals have constructed, assembly line labor has a value of about $0.60/hr. Unions have banded together to force their wages up to a point where companies found it economical to develop manufacturing capability outside the US, in markets where labor is literally dirt cheap. When wages (and benefit packages) weren't so ridiculously costly, management didn't need to look elsewhere. Now that they have looked, found, and developed cheaper ways having a tire put on a car while it travels down the assembly line, the unions go berserk.
Face it, brother. Your $60.00/hr job is really only worth $0.60/hr. You did it to yourself, believing the tripe being fed to you for generations by the union bosses. Want more money? Go on strike.
I give the unions 6 months to a full year to discover they don't know the first thing about running a company. The first thing the new "management" will do, of course, is give the brothers what they've been wanting since day one: The pay they deserve. Only one thing, though, the smallest, cheapest GM/Chrysler car will cost around $80,000. A comparable Toyota will cost around $12,000.
You don't have to be a math major to figure out the future for these union-managed companies.
Bankruptcy. The next time though, you and me are the creditors.