hoosierdoc
Freed prisoner
Didn't the UAW make concessions during the auto bailout? I think they did. If between now and the Trump tax restructuring, those workers weren't raised at least to the where they were, then I would think they have a fair argument if the GM is making record profits.
unions got massively paid off with that bailout. Absurdly so. Like, huge fraud and likely illegally.
https://www.heritage.org/testimony/...er-losses-came-subsidizing-union-compensation
- Legally, the UAW’s claims had the same status as those of other unsecured creditors, but the UAW recovered a much greater proportion of the debts thatGeneral Motors and Chrysler owed the union.
- Bankruptcy typically brings uncompetitive wages down to competitive levels. However, existing UAW members did not take pay cuts at General Motors.
- The restructured General Motors used taxpayer funds to “top up” the pensions of unionized retirees at Delphi, its bankrupt former parts subsidiary. New GM had no legal obligation to do so and nonunion employees did not receive similar benefits.
- These subsidies to UAW compensation cost taxpayers $30.0 billion—more than the government spends each year on foreign aid or on extended unemployment insurance benefits. They account for the entire net taxpayer losses in the bailout.
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