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drag racing the short bus
Join Date: May 2002
Location: Location, Location...
Posts: 21,983
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Let's not forget that GM's stock has doubled in value since this time last year.
On the other hand, if you watched Gettlefinger's news conference, he made it sound like the UAW performed an awful lot of capitulation to GM's demands, except the one big one: legacy healthcare.
The fact is, the legacy of legacy healthcare is over. It's not GM but the UAW that lives in the past with this issue.
One way or the other, I also believe this strike will kill the UAW. GM's already laid off - what - 100,000 employees in the last couple years? So what's to prevent them from closing plants and shipping production overseas. The problem is when a company lays off employees and closes plants, it destroys whole communities.
No one's going to win with this one. But my odds are the car company will come out better than the worker.
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The Terror of Tiny Town
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