UAW’s strike against GM didn’t last long, but it caught the nation’s attention. That may not be a good thing, though, because now the nation knows that union health benefits are unsustainable in today’s economy and UAW bosses were given $35 billion in pocket change for assuming responsibility for retiree health care.
A key detail: payouts to the 300,000 retired members won’t begin until 2010 and GM will still have to make contributions if the original $35 billion proves insufficient.
But the union cannot be serious about taking on this responsibility. Throughout history union bosses have proven themselves adept at passing responsibility from themselves to others. And nothing has changed.
The Wall Street Journal reported that the UAW took the $35 billion only on condition that GM help lobby for a national health care plan. Chaching! Why didn’t I think of that? I wouldn’t blink at managing $35 billion so long as a national health care plan is implemented in the next four years. Even if I embezzled it all, I wouldn’t have time to spend it all before Hillary popped in her national plan.
First, this arrangement gives UAW all the more reason to put Hillary in office.
Second, what will become of the $35 billion “band aid” once the union throws its retiree members to the one-size-fits-all government meat grinder? Certainly not the feds and certainly not back to GM!
I’ll leave you to imagine the rest.