Bush Admin. to bar autoworkers from striking against GM

[Amerigo Vespucci]

Source: The Raw Story

A little-noticed provision buried in the Bush Administration's $13.4 billion loan package to General Motors will prohibit the United Auto Workers from launching a strike as long as the company receives funds from the federal government.

Not only that, but a strike would give the federal government the power to call in their loan -- putting the loan in default and forcing GM into bankruptcy. The government now has the power to force a bankruptcy if “any labor union or collective bargaining unit shall engage in a strike or other work stoppage.”

The terms of GM's loan package were reported last night in the Detroit Free Press. They did not become public until GM filed documents with the Securities and Exchange Commission. The company's headquarters are pictured above right.

Not everyone has felt the full brunt of the declining auto market, however. In 2008, GM CEO Rick Wagoner received a salary increase -- to $2.2 million, plus stock options -- despite the fact the company had been losing money since 2005.

Read more: http://rawstory.com/news/2008/Little_noticed_provision_...

[BrklynLiberal]

1. To say I despise Bush and his minions hardly begins to describe how much I detest them all...

[maddezmom]

2. duplicate topic

http://www.democraticunderground.com/discuss/duboard.ph...