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Posted: 8:21 a.m. Monday, Nov. 24, 2008
By Neal Boortz
Alright so this auto bailout bill is in a holding pattern. But just remember that it doesn't mean it is dead. So here are some facts that should keep you seething ...
The Big Three currently pay 85% of union benefits to UAW members ... who aren't even working. Yep. Remember how I told you about the Job Banks for union workers? If a union worker is employed at a plant that closes, the auto makers still pay 85% of their union benefits. Rick Wagoner, CEO of General Motors, says that his company must reduce operating costs ... but his company must continue paying for union employee benefits for employees NOT to work. Does this sound like a smart business plan for you? As a business owner, this asinine agreement to pay for the benefits of people who aren't currently working should be the first to go.
I've talked about this idea of a "right" to a job where you live. It seems that the unions have already done their part to make that a reality. Let's say that you work at a plant in Detroit and it closes. Meanwhile, a new plant is opening in Missouri. You don't have to move to Missouri to keep your job. But guess what, you also won't be fired! You can opt to go on Job Banks where you can sit on your butt in Detroit, do crossword puzzles for eight hours a day, and collect 95% of pay for the rest of your life.
That business model is the one asking for your tax dollars. And you are telling me that these union contracts, these Job Banks, have nothing to do with the Big Three's current situation?
Meanwhile, the legislative director of the UAW says that the problems with the auto industry are because of a series of bad trade and healthcare policies, along with the current credit crisis.
At least someone at GM learned a lesson ... GM will be returning two of its leased corporate jets.
Short and sweet: Send these automakers into bankruptcy if for no other reason than to give them the means to bust the unions.
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