Last week the POTUS gave the UAW 55% ownership of Chrysler. Bypassing the creditors and as many observed repaying his debt to more of those who got him elected.
The unions provided somewhere in the neighborhood of 67 million to the Obama war chest during the run up to the election. Since only about 10-13% of the United States work force are unionized that is quite a debt to repay.
Union membership has dropped significantly over the decades since the '70's, mainly because the younger members of the work force do not see the benefits of union membership. The leadership of many unions probably see their paycheck slipping away and felt they needed someone in Washington so they went to the wall to contribute to the "One's" election.
I feel this is something other than pay back for all that support. For years now the elite members of our society and government have had an almost morbid fascination with the structure of European governments, societal makeup and socialism in general.
Unions in Europe have major representation on the boards of many corporations and businesses. Now a union in the US has been handed that same privilege.
This is nothing more than a move on the part of elite members of our society to move us in the direction of socialism, a form of government that many European nations are beginning to try and move away from.
Europe is beginning to see the same thing that has happened in the US, manufacturing jobs are moving away. Moving to the newer members of the EU or further east to Asia. Manufacturing in Europe is shrinking because the higher value of the euro vs the dollar. Importing good from the EU just cost more than even making them stateside.
Socialism, some are beginning to realize just causes a stagnation. There is no telling how much further many economies could go if the restrictions were removed and the owners were allowed to take risks. With labor unions strangling many industries in the EU ownership is looking for relief. Relief in the form of less taxes, lower wages, cheaper interest etc.
America seems bent on trying socialism on for size, with total disregard to the past efforts in this country that never panned out. If this is such a great system, everyone would use it.
Now it seems we are going to use it whether we want to of not.
Subscribe to:
Post Comments (Atom)
“Remember that a government big enough to give you everything you want is also big enough to take away everything you have."--Barry Goldwater
If we give the government the power to confiscate our arms we also give up the ultimate means to combat that corrupt power. In doing so we can only assure that we will eventually be totally subject to it.” —Ronald Reagan
No comments:
Post a Comment