Union Men
The United Auto Workers is the labor union wing of the Democratic Party. The attempt to bail out the United Auto Worker via loans to Detroit automakers is an attempt to bail out an unprofitable wing of...
View ArticleGeneral Motors, the stock of the future!
From the September 30, 1916, edition of The Economist: A Boston correspondent writes: Bethlehem Steel’s amazing market rise has been eclipsed. This week General Motors stock sold at $697 per share, the...
View ArticleGM: Gaining the political benefits, and Making you pay
Courtesy of Economist’s View, David Leonhart’s article in the New York Times on the possible UAW bailout. David discusses the high costs of labor paid for by the Detroit 3, and seems to be arguing in...
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Buy their cars, or they’ll take your money
Yesterday the House of Representatives passed the UAW Bailout, setting up the new subsidies for General Motors and Cerberus Capital Management to be the second Bush-Pelosi bailout. As the line goes,...
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Bush Bails out the UAW
I don’t doubt that the UAW bailout is good party politics; it forces then-President Obama (a Democrat) to decide between continuing yet another unpopular Bush policy or throwing yet more loyal...
View ArticleThe Marxist Logic of the UAW
This piece at Daily Kos took me back: stock-for-services swaps aren’t just unAmerican, but actually Marxist: Daily Kos: What the UAW Made Indeed, it was Reuther’s UAW that established the détente...
View ArticleThe Third UAW Bailout of 2008
The first was for $25 billion. The second was for $17 billion. And now, as predicted, GM and Chrysler (cash-conduits for the UAW) are back for more. The only surprise is that they managed to squeeze...
View ArticleThe Third GMAC Bailout
Barack Obama will bail out GMAC for a third time. This is necessary, Barack Obama thinks. Otherwise, UAW unionists might lose their jobs. This is necessary, Barack Obama thinks, because otherwise...
View ArticleRegulator and Competitor
… the Federal Governments owns GM and Chrysler GM and Chrysler share their profits with the UAW The UAW uses this wealth to support politicians who control the government The Federal Government holds a...
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Impressions of “Sixty to Zero: An Inside Look at the Collapse of General...
To understand what went wrong in the American auto industry, one book and four videos will get you a long way Who killed Vincent Chin? Who killed the electric car? This Consumer Reports review of the...
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