Billions made off the backs of Union Workers at UAW GM

Discussion in 'Current Events' started by shintao, Dec 3, 2010.

  1. shintao
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    I always hear all this rhetoric about we ought to get rid of unions, but what nonunion work force is making billions of extra cash for their corporations like UAW workers are? And this is all profits, that union members didn't receive as wage & benefits. Instead it was rich assholes who are too lazy to work, and probably never worked a day in their lives.

    Wall Street expected to net billions from GM stock sale
    By Jerry White
    3 November 2010
    General Motors is expected to hold an Initial Public Offering of 365 million corporate shares, worth an estimated $10 billion, by November 18. The company will return to New York Stock Exchange for the first time since emerging from bankruptcy 17 months ago.

    The drastic cost-cutting overseen by the Wall Street asset strippers appointed to the White House Auto Task Force has made the US automaker an attractive buy. GM, which has posted $2.2 billion in profits during the first half of the year, is expected to announce what analysts call “significant” third quarter profits in the next few days.

    Wall Street expected to net billions from GM stock sale
     
    Last edited: Dec 3, 2010
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    Uh, the bailouts were for the UAW, not GM.
     
  3. shintao
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    You are upside down. GM needed the bailout to pay for contracts it negtotiated. And this thread is about the profits made that are headed to the stock market.
     
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    The taxpayers bailed out the UAW's unsustainable pension and benefit plans.

    Now that those are safe, who the fuck cares if GM makes profits again?
     
  5. syrenn
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    Generally that is why you have workers...to make money.

    So whats the problem?

     
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    Shitnao is a meth head with a union pension to pay for his habit.
     
  7. shintao
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    You won't find UAW's name on GM's failure & bailout. Who cares if they make a profit? Investors care as billions roll their way to the stock market. And workers care for the little dribble they will make for their families, after the rich who care, who gutted them again.
     
    Last edited: Dec 3, 2010
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    More like he wants a bigger chunk of profit sharing for his union thugs.
     
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    Listen, drug addict. The country doesn't work if someone doesn't make a profit.

    Get the needle out of your arm and your head out of your ass.

    GM's failure was caving in to unions.
     
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    The UAW had a chance to buy into GM when it almost folded and passed on it.

    Fuck the UAW to hell, pardon my French.
     

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