slate.com - 4/30/2009
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Some conservatives are troubled that the UAW is getting a huge ownership share in GM (about 40%) and Chrysler (over 50%): For example, Larry Kudlow :
What is going on in this country? The government is about to take over GM in a plan that completely screws private bondholders ...
rasmussenreports.com - 5/4/2009
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rasmussenreports.com —
Just 18% of Americans think the United Auto
Workers union and the federal government will do a
good job running Chrysler and General Motors, according to a new Rasmussen Reports national telephone survey. Forty-seven percent (47%) believe the union ...
(more)
Only 18% Say UAW, Government Will Do Good Job Running ...
minx.cc - 4/29/2009
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minx.cc —
This is really getting strange. Under a debt
restructuring plan, the UAW is going to become a
55% stakeholder in Chrysler. The United Auto Workers union's retiree health-care fund will own 55 percent of Chrysler LLC in exchange for cutting...
(more)
The UAW Is About To Become One Of The Biggest Automakers
hotair.com - 4/28/2009
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hotair.com —
Imagine you’re one of the bondholders of GM,
the people who bought the automaker’s debt in order
to invest in the company and keep it running over the last several years. Now that the company is near collapse, the Treasury offers you ...
(more)
UAW to get 39% of GM, Obama administration 50% …
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Your General Motors
Hit & Run —
... " article in The New Yorker, which is good enough journalistically to undermine (IMHO) his general pro-Obama vibe. For a much shorter and far more cynical take, there's Mickey Kaus: ...
Thursday evening links
Maggie's Farm —
... UPDATE: Mickey Kaus is taking a positive view: “Let the UAW, as new owner of GM, pay the price for the overgrown work rules of its locals. Let the UAW demand above-market raises from itself. Let the UAW try to raise money from new lenders after the previous round of lenders has been royally screwed (thanks, in part, to the UAW). And then let the UAW try to sell the cars that result.” So long as friendly politicians don’t protect them from the consequences of their actions with other people’s money. ...
Chrysler Surgery, Post-Op
The Opinionator —
... be needed to sustain Obama Motors on life support, at least through the 2012 election. The Obama strategy does nothing to change the basic dynamics of the homegrown auto sector — a labor monopoly combined with endless finagles in Washington to help the Big Three survive competition from Japanese, German and Korean auto makers. But maybe the shock of seeing GM nationalized will at least cause some in politics and the press finally to think about how we got here. Surprisingly, Slate’s Mickey Kaus , usually the feisty mongrel yipping at the U.A.W.’s heels, thinks the deal might ...
A few Saturday links, updated
Maggie's Farm —
... . Kudlow is furious about the debt deal. "A shameful chapter in American history" he said this morning on the radio."It undermines the rule of law and replaces it with Chicago-style politics." A remarkable abuse of power indeed. ...
A few Saturday links
Maggie's Farm —
... . Kudlow is furious about the debt deal. "A shameful chapter in American history" he said this morning on the radio."It undermines the rule of law and replaces it with Chicago-style politics." A remarkable abuse of power indeed. ...
Related Content
How Can The UAW Continue To Represent Chrysler Workers?
rhymeswithright.mu.nu 5/2/2009 — After all, as the largest single owner of the company, that would appear to present a serious conflict of interest and would probably require the breach of the union's fiduciary duty to its employees and retirees AND/OR the management...
Welcome to UAW Motors
norunnyeggs.com 5/9/2009 — Bloomberg is reporting that the dissident senior creditors of Chrysler have caved and will not be fighting for anything more than the 29% that the Obama administration initially offered them. The quote of the day is from Tom Lauria, which was ...
Today's Must-Read: Obama and the UAW
minx.cc 4/1/2009 — You've got to give this to Obama, he stays bought:The GM bailout has become a political operation run out of the White House. It will stay that way. Talk of UAW layoffs already disguises the fact that UAW workers are...
UAW Said to Get 55% Chrysler Ownership, Board Seats (Update1)
bloomberg.com 4/28/2009 — April 28 (Bloomberg) -- The United Auto Workers union’s retiree health-care fund will own 55 percent of Chrysler LLC in exchange for cutting in half the automaker’s $10.6 billion cash obligation to the trust, people familiar with the matter said. ...
The UAW Has A Long Memory
slate.com 6/27/2009 — The U.A.W., now a major GM shareholder, has delivered its final punishment to those auto workers who dared move to Spring Hill, Tennessee and show up the rest of the union by building reliable car without Wagner-style work rules. GM's new ...
Tales of bad bosses
americablog.com 5/7/2009 — Perhaps we see more of these stories now that we're in recession but that's probably only because we have fewer job options today. There are always going to be nasty bosses who somehow manage to rise through the ranks. One of my worst experiences was ...
The UAW Gets Bailed Out Again
wizbangblog.com 2/17/2009 — GM and Chrysler are getting another $7 Billion, keeping the UAW in its perch of power over these companies: Detroit's carmakers are due to submit their latest viability plans to...
UAW doesn't want Chysler stock
tigerhawk.blogspot.com 5/21/2009 — It seems likely that the UAW will control about 55% of the stock of the new Chrysler entity that will emerge from bankruptcy in Judge Gonzalez's court. In the case of GM, the number will be a bit lower at 38%. So overall, the union should be pretty ...
UAW Union Bosses Abusing Positions for Pay
stoptheaclu.com 1/5/2009 — - By Warner Todd Huston
TV News 4 in Detroit did an excellent expose on a few union bosses that routinely rip off the unions and the auto makers they work for with fake time cards and paid for but unworked overtime pay.
One of the bosses, Ron ...
The UAW in the Driver's Seat
online.wsj.com 5/2/2009 — PAUL INGRASSIA The latest developments in Washington's restructuring of the auto industry amount to this irony: Having burdened the Detroit companies for decades with restrictive work rules, enormous health-care obligations and generous retiree ...
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