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UAW Poster On The OWS March:”No More Bailouts”

by News on October 19, 2011

in Union Politics and Transparency

By Robert Lenzner/Forbes

For a United Auto Workers representative to be carrying a “No More Bailouts” sign is one of the tiny absurdities of the grassroots activism shaking up some major cities and celebrated by progressives and Big Business haters everywhere.

I shall explain. There would be no domestic  auto industry in the US were it not for the bailouts during the 2008=09 crisis that saved General Motors and got it turned around mightily.  It was a  crucial bailout that meant UAW members would continue to have jobs less their  liberal health policies in retirement.


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