Even though the greed of business tycoons got us into this economic crisis, under Bushism the big percentage losers are the union workers, who lose $8,000 in wages and a similar amount in benefits. While Wall Street and CEO-level multimillionaires were reaping most of the rewards of boom times, the UAW was already making concessions. Now, they're back in the race to the bottom.
Don't be surprised when non-union car-makers respond with their own wage cuts. That's the point of Bushist Republicans.
Someone in the media ought to try to write the story of the negotiations. And when I say "negotiations", I mean the moment when the Bushists said, "I am altering the deal. Pray that I don't alter it again."
Friday: Retail Sales, Industrial Production
6 hours ago
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