I don’t pity the corporations because during the 60’s and 70’s when the auto company’s were strong and profitable, the uaw demanded cradle to grave benefits and to avert strikes, the manufacturers caved.
However, they did not put money away for the rainy day fund to finance the liabilities they agreed upon. Now healthcare costs have sky rocketed as well as everything else.
They have little cash on hand to cover the unfunded liabilities.
The combined targeting by the unions and the gvt. will soon cripple these corporations and they will have no choice but to surrender to the Marxist powers that be.
cloward and piven!!!
The Unions play the companies against each other and pick the most vulnerable because they will capitulate to survive. If the car makers agree to hold the line the Government comes down on them for collusion. That is how you end with autoworkers making as much as master degreed Professionals and one of the reasons you pay $40,000 for a golf cart