United Auto Workers Tighten Stranglehold on US Car Companies
Well, it's happened again. The UAW has dealt another blow to a once powerful symbol of America. This time, 73,000 workers walked out of GM plants across America and forced the company to the bargaining table over healthcare costs. In the end, GM was powerless to fight the coup and had to commit $35 billion to fund healthcare for the UAW.Folks, it's no secret. American car company executives have fallen on hard-times. GM CEO G. Richard Wagoner Jr. earned a paltry $8.5 million in total compensation in 2005. There, but for the grace of God, go I. The $35 billion that GM now has to commit to the UAW is not likely to help the situation.
The one thing everybody agrees on is that American cars are not selling like they used to. Well, maybe if these factory workers made better cars, then they'd sell some more of them and everybody would be happy. See, we always come back to this: if these factory workers took some Personal Responsibility for their situation, everybody would benefit.
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