The Darkness And The PowerSubmitted by StaxBrix on Sun, 12/21/2008 - 03:28
The purpose of the auto bailout is to help the auto industry strong-arm the unions into giving up any job security or gains.
Bankruptcy would allow them to wipe out earned pensions and healthcare.
The Dictator announced his relief-package for the Big Three yesterday: The media is calling it "a Christmas-gift." This is a LOAN-agreement: Gift's do not come wrapped in razor wire. This too-little-too-late proposal is meant to bring an end to the problem of having to pay anyone, for whatever they do on-the-job in the United States.
This is the last link in the chain that will complete the Total Redistribution of Wealth in American society. And too many still, will not connect the dots.
The problem that organized labor created for the corporatocracy has been a thorn in the side of 'business,' since the days of the New Deal. Now its payback time and anyone that looks can almost see the saliva dripping from this 'proposal' that is in reality, an ultimatum. Some of the details behind the headlines surfaced yesterday in a report from Greg Shotwell, a union activist that spent thirty-years working for GM.
"The danger of this that I see is that, you know, in the '90s, when the auto companies were making billions of dollars, they were taking profits out of North America and investing them overseas in Europe, South America and Asia. So there's been a huge transfer of assets overseas. Now, those assets would remain protected in bankruptcy. So what, in effect, they've done is undermined the manufacturing base in the United States so that they could become a major importer to the United States. You see, they already have fuel-efficient-small fuel-efficient cars that they're making in Europe and in Asia and in South America. They're ready for import. And they would like to be like Toyota. Yes, Toyota has plants in the United States, but Toyota imports about 46 percent of all the cars it sells in the United States. That's what General Motors is setting itself up to do, and they're going to use this capitalist disaster to help them wipe out the dealerships and close the plants.