By GottaLaff
A little-noticed provision buried in the Bush Administration's $13.4 billion loan package to General Motors will prohibit the United Auto Workers from launching a strike as long as the company receives funds from the federal government.Why would he do this? Here's one reason: Break the unions, break the Democratic party.
Not only that, but a strike would give the federal government the power to call in their loan -- putting the loan in default and forcing GM into bankruptcy. The government now has the power to force a bankruptcy if “any labor union or collective bargaining unit shall engage in a strike or other work stoppage.”
The terms of GM's loan package were reported last night in the Detroit Free Press. They did not become public until GM filed documents with the Securities and Exchange Commission.
So the big fat corporate rich guys get their bonuses, but the workers get... screwed.Feel that rant coming on yet?
The US auto workers union is also saddled by another requirement of the loan: the UAW must now accept a plan to lower wages and benefits for GM to match those of other foreign-owned US automakers' plants.
