Reuters.com wrote:DETROIT, Dec 19 (Reuters) - The United Auto Workers union termed the conditions in the auto bailout deal "unfair" and said it would work with the incoming Obama administration to ensure they are removed.
President George W. Bush offered $17.4 billion in emergency loans on Friday to the carmakers in an attempt to save General Motors Corp (GM.N) and Chrysler LLC [CBS.UL] from failing but imposed conditions that included requiring automakers to wrangle steep labor-cost concessions from the UAW.
The concession targets include making half of company contributions to a retiree health care trust in stock, making UAW wages competitive with foreign manufacturers by December 2009 and eliminating the union jobs bank, which pays laid-off workers, sometimes for years. (Reporting by Poornima Gupta; Editing by Brian Moss)
If it wasn't forbidden, I would post all seven of the forbidden words in my rant about this.
I don't care if the terms were unfair or not, this plan of action is reprehensible. Strategically, it makes perfect sense. I don't fault them there, but I still find this preconceived plan of action, and their openness about it, disgusting and repugnant.