Friday, May 29, 2009

Nothing From Nothing Leaves Nothing

Nothing from nothing leaves nothing or so they say. And the UAW has finally agreed that they don't want to be part of nothing. Now that the golden goose has all but been bled to death by the unions.

UAW members approve General Motors concessions

DETROIT (AP) -- The United Auto Workers union has ratified a package of concessions designed to reduce General Motors Corp.'s labor costs.

It looks like the UAW has finally seen the writing on the wall. Too bad really and far too late IMO. The time for the UAW to be making concessions was at the least last August IMO. Or in all fairness, two years before that when they signed their last contract. Back when it was becoming obvious that the big three could no longer sustain unrealistic union contracts in the face of non union foreign cars being manufactured in non union states and sold for less.

It's amazing to me that GM was able to do it and last this long, while staving off the inevitable for the past thirty years. But now the piper must be paid for the outlaw jig that has been danced for decades with the unions.

And of course General Motors greatly appreciates the suddenly reached consensus of agreement with the UAW. Especially seeing as they can now all agree, that it is time to finally close the barn door. Now that all the cows are gone.

"We very much appreciate the support of our employees and retirees," Diana Tremblay, GM vice president for labor relations, said in a statement. "Their shared sacrifices will enable GM to become a stronger, more viable company that will continue to deliver world-class cars and trucks."

Excuse me? But they could have come to their senses about this months if not years ago. And the filing of chapter 11 protection last fall by both GM and Chrysler was what truly made sense then. I am not so sure how much sense it makes now. Seeing as they have each collectively gone through about fifty billion dollars of the taxpayers money since then and they are eying another similar chunk to tide them over while they reorganize and try to stay in business after chapter 11 bankruptcy.

So now the UAW has finally seen that nothing from nothing leaves nothing. And the UAW has agreed that they don't want to be part of nothing. They have agreed to embrace the dying corpse that they helped to create in order to try and save themselves. Hallelujah!

The UAW has come to its senses, now that the patient is terminal and on the death bed. I suppose that even in the socialist mentality of organized unions, sooner or later, they have to face up to the reality, that having fifty percent of something, is better than having one hundred percent of nothing.

The only problem is? I don't believe that there is that much left on the bone at GM or Chrysler now. They are both financially emaciated skeletons of their former glory days. And they have no one to thank for their demise but themselves and their unions and of course a federal government of the past thirty five years that has mandated them into oblivion.

3 comments:

Gilly said...

the American auto industry is finished.

Roger said...

Apparently it is a done deal and GM plans to file for bankruptcy on Monday.

Ten years ago their stock was at $75 a share. Yesterday it closed under $1

Julian said...

Ain't that the truth. Nothing is nothing should be this guys motto.