This was the headline in an article by the AP in yesterdays paper. In the article UAW President and chief shyster Ron Gettelfinger said, "We accept what it is and did the best we could." The Finger then went on to say that "We have given a lifeline to GM until they can rebound." Well isn't that special! Later in the same article in delineating the concessions it is mentioned that one concession is "to eliminate noncompetitive work rules". These are the same work rules that everyone has known about for two decades (think Ross Perot) but thanks to the Finger, other union leaders and a spineless management, these rules progressively drove the US Auto Industry into a position where they were NOT COMPETITIVE with Toyota, Nissan, Honda etc. This comment may play well with Union Members but it shows that he is right up there with Pelosi, Frank etc. when it comes to being disingenuous.
As for the bailout itself, it does not appear that it is being handled as an effort to turn around a strategic defense industry. Rather it appears to be one giant step towards Socialism. The government is not capable of running any competitive business and staffing the new Board with non industry politicians is not going to give it the guidance that it needs.
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