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Ok, why the big deal? We taxpayers already have many, many huge unions attached to us like leeches as it is. The Public Employee Unions! I’m sure the UAW envies the heck out them with all the largess they bleed from us every minute of every day. If the UAW is killing the US automakers then the PEU (public employee unions) will kill the country just as surely. Not to mention that the PEU’s have more power over the average citizen than the UAW ever has had in its wildest dreams.

Now, about the contract hullabaloo and the comparison with AIG.

The contracts that the UAW had with Chrysler end when Chrysler ends. AIG hasn’t ended yet. If the pension gaurantee program has to pick up the costs as best they can, then proceeds from Chrysler’s bk should pay it back. The union contract with Chrysler is not a public obligation. The contracts that AIG made with the people AIG was incentivising to stay with AIG to help unravel the mess that AIG got itself into were made with full knowledge of the the Govt. (Dodd, Obama put the wording into the law) and paid for with funds taken from the still functioning AIG. Yes, the treasury pumped our money into AIG, those contract employees got paid with our money in all probability, but under control of AIG, not a bk court. Chrysler paid UAW workers with our money too (bailout “loans”), but only until they declare chapter 11. Had AIG gone bk before those contracts were fully paid, then those contracts too would have been subject to be broken in bk court, just like Chryslers’ would be if we didn’t have National Socialist Democrats in control of our Govt.

These were different contracts, with different situations, with different companies. Just because the people in one scenario are more wealthy than the people in the other does not make it right to favor one side over the other. They should be treated equally under the law depending on the circumstances of the individual (or collective) contracts in a court of law, not by class envy, nor mob mentality.


155 posted on 04/23/2009 7:56:02 PM PDT by Horusra (The Democrat party is now the National Socialist party (nationalize the banks, socialize healthcare))
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To: Horusra

Not only that, but the UAW pensions are already regulated and protected by ERISA. Evidently that isn’t enough preferential treatment for them.


157 posted on 04/23/2009 8:09:25 PM PDT by The Pack Knight (Duty, Honor, Country)
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