Article here:
http://www.bizjournals.com/dayton/stories/2009/07/06/daily1.html
So, years of bankruptcy precedent is again turned on its head but that’s not what this post is about. I’m wondering if anybody else has noticed something about who one of the new owner’s of GM will be:
Besides the U.S. government, the Canadian government and health care trust for the United Auto Workers
What strikes me is this: If we’re going to have universal health care coverage, why does the UAW need a health care trust? I mean, the government is going to give us our health care, right? What sort of health care is the trust going to pay for? Further, once universal health coverage is established (God forbid), where will all the money that I am assuming is held in the UAW health care trust going to go? Let’s just say I doubt it will go back to the rank and file assembly line workers.
Apologies in advance for this being short. I have a couple of briefs due and I had to get this out of my head so I could concentrate on search and seizure issues. I’m sure y’all will let me know if you think I’m barking at the moon or seeing black helicopters.
Neil Stevens
Moe Lane
Steve Maley
Daniel Horowitz
Jake Walker
Are not the American taxpayers then paying
izoneguy (Diary) Monday, July 6th at 1:35PM EST (link)into the health care trust for the United Auto Workers?
If National Health Care is such a priority then why are billions needed to prop up the failing health care trust for the United Auto Workers?
That is the first line item that should go in a National Health Care system. Why do we need a special health care trust for the United Auto Workers?
I would rather use that money and create a health care trust for the veterans of the armed forces. The UAW can be damned.
The point cannot be made often enough: Modern liberalism, as embodied in the Obama presidency, is the defender of the status quo. And the status quo is a road to economic ruin. Political forces cannot redistribute the wealth that the economic system does not produce.
As I recall that health trust was one of the two
The_Gadfly (Diary) Monday, July 6th at 1:39PM EST (link)reasons Francis thought it might be worth a shot trying to bail out GM when the spam was hitting the fan in the finance markets last year. The other of course being the GM retirement obligations. Both of which eventually fall on “the taxpayer” (aka you and me) and which are liabilities far in excess of anything we could possibly waste trying to save GM.