Saturday, September 24, 2011

UAW eating seed-corn: Twisting the Night Away - Barrons.com

Twisting the Night Away - Barrons.com

The litany of the horrid mindset in Washington goes on.

The other telling and scary allision of the week is to look at the UAW's settlement with GM (cash bonuses, salary increases) at the same time that the Democrats are more interested in having taxpayers subsidize the research into new car technologies that the US auto companies should be doing with their money.

So, instead of disaster relief funding, the Dems are glad to have taxpayers keep overpaying UAW auto workers. So, all taxpayers should subsidize those who are members of unions and who would rather eat the seed-corn of their company's futures rather than forgo immediate gratification.

Since the UAW economic model seems to be that of the current administration, is it any wonder the economy is in the doldrums?

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