About this episode
United auto workers are threatening to go on strike. They want a 46% salary increase, and a return to the old pensions which brought about the downfall of the auto companies in the 1970’s. Government interference, and billions of dollars injected into them, or they would have failed altogether. The people have a short memory on this. General Motors CEO got a 46% increase based on performance. That’s just one man! The tens of thousands of auto workers are expecting a 46%increase! Anyone who knows anything about business knows that’s undoable. But the auto union said they’re going to endorse whichever presidential candidate will back their plan. Of course that’ll be a Democrat. But if auto companies concede to the UAW demands, they will go bankrupt again and taxpayers will bail them out again.
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