UAW runs another company into bankruptcy with shitty work and exhorbitant benefits. U.S. Taxpayers to be saddled with paying those fat-asses’ exhorbitant retirement benefits. And many of them are in their 50s and took early retirement. While you and I slave away with no retirement plan except our own savings, The Obambi Administration pays off more debt to his supporters. With your and my money.
From The Detroit News: “It’s huge, especially up in my district where a lot of retirees live,” Stupak said. “You can see what the corporations are doing: declaring bankruptcy, going to court and dumping it on the taxpayers, which I think is really immoral. Corporations used to take care of their workers; now they don’t anymore.”
From The NY Times: “Delphi filed for bankruptcy in 2005 under the leadership of Robert S. Miller, who said one of his highest priorities would be to curb the company’s “uncompetitive labor cost structure.”
[Note to dumbasses: “uncompetitive labor cost structure” is a polite way of saying those union workers were paid more than they were worth, and the company was losing business to overseas or non-unionized businesses. Now those American businesses which were competetive will have to pay taxes to bail these bastards out. And that’s a fact, Jack.]