Ron Gettelfinger, president of the United Auto Workers, has said that his labor union was prepared to offer two concessions in order to boost the Detroit Three’s chances of bilking the taxpayers out of around $34 Billion. Yesterday. After the Detroit Three submitted their written pleas for money other people have earned.
And what are those so-called concessions? First, the UAW would allow the Detroit Three to delay billions of dollars in payments into funds to cover health-care costs for retired employees. Second, the labor union would suspend its “job bank” program, under which laid-off employees continue to reap paychecks.
Are they joking? Temporary reprieves in two programs that provide goodies to people who don’t even work any more? And they expect Americans who do work, who don’t enjoy goodies anywhere near so generous, to pony up Billions?