Right Thinking From The Left Coast
The price of anything is the amount of life you exchange for it - Henry David Thoreau


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The government and a health care fund now own a car company

You know...I realize that I should try to analyze this and have something to add, but every time I try, my brain just screams “WHAT THE FUCK?” WHAT THE FUCKING FUCK?”

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.

Under the terms of the contract, the trust would get representation on the company’s board of directors, said two people briefed on the deal, who asked not to be named because the matter is private.

The tentative agreement was approved unanimously by UAW leaders yesterday and will be sent to union locals for ratification, one of the people said. Chrysler, operating with $4 billion in U.S. loans, faces an April 30 deadline to restructure its costs or risk losing government support.

WHAT. THE. FUCKING. FUCK? How is this even remotely acceptable to anyone except people who love gigantic, socialistic government and, of course, the union that is sucking the last drops of blood out of the industry.

It’s not even the UAW proper. It’s the fucking health care fund, THAT’S how out-of-control union health care costs are with regards to American car companies.

Why is everyone not extraordinarily angry about this?  Are we reduced to quibbling about Arlen fucking Specter while this shit goes on right in front of our noses?  I’m as guilty as anyone, but maybe it’s high time we checked ourselves.  Stop buying into the media bullshit where stories get released as cover for what is really happening.  This is big, and we should be angry.

So are you?

Posted by JimK on 04/28/09 at 08:35 PM in Decline of Western Civilization Health Care Politics • Permalink

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