by Scott Creighton
Two days after President Barack Obama hosted a “very pleasant” meeting in our White House for 13 banking and financial sector CEOs and more banking lobbyists, he is announcing the pending death of the U.S. auto industry. In this article from MSNBC, they wait till the very end of the 2 page article, the very last line, to tell us why.
“… GM and Chrysler are pushing the United Auto Workers to accept shares of stock in exchange for half of the payments into a union-run trust fund for retiree health care. They also want labor costs from the union to be competitive with Japanese automakers with U.S. operations.
Little progress has been made between the companies and the union.” MSNBC
The workers didn’t give up enough of their personal standards of living, they didn’t “sacrifice” enough, as Obama puts it, for the treasury department to invest 13 billion dollars of our money to help keep it afloat. They didn’t give up enough for the Clinton/NAFTA globalization plan to work.
Already trillions in the hole to bailout the thieves who colluded with the previous administration (and the current one!) and congress to put us in this situation, with another trillion on the way, but the Obama administration can’t fork over enough to keep auto industry jobs in the U.S. if the workers don’t accept slave wages and reduced health care benefits.
But, Obamas aides want you to note that Obama inherited this situation from George W. Bush, just so you guys know that, ok? It’s not Obama’s fault.
(more…)
Filed under: Uncategorized | 8 Comments »