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The government having a major stake in an American company was obviously in-conflict with the Constitution, but the United Auto Workers union (UAW) having a large stake in GM and Chrysler was an outright conflict-of-interest. The blind Obama followers said that it would not cause any problems and that Conservatives were just overreacting. Bloomberg.com reported today, that the UAW is refusing to give Ford the exact same concessions it gave to the GM and Chrysler which will put Ford at a competitive disadvantage against its two propped-up competitors.
"Ford, the only major U.S. automaker to avoid bankruptcy this year, sought concessions similar to those secured by General Motors Co. and Chrysler Group LLC...Ford has said it needs the concessions to ensure that it doesn’t have a labor-cost disadvantage against GM and Chrysler, which unloaded debt, closed plants and eliminated dealership contracts in their court restructurings...About 75 percent of members voting nationwide rejected the deal, one of the people said. It called for a six-year ban on strikes over wages and benefits."
Concerns over the UAW taking this approach at strengthening their financial stakes in GM and Chrysler by holding Ford to a non-competitive agreement have now been proven true. The UAW stands to take a possibly-fatal..
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Rich Mitchell
The Conservative Daily News
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