“They” say; “It’s simply not fair that some prosper and some don’t in this here greatest nation on earth”… True that!! Yet another example was illustrated in last Tuesday’sWall Street Journal article UAW Freezes Rival Out of Rebound…
As you’ll read, an auto manufacturing plant in Moraine, Ohio, one of GMs most productive, was shut down during bankruptcy proceedings in favor of unproductive capital-burning plants, for the simple reason that its workers did not belong to the UAW… Wow!! I am forever amazed at what can be had in return for political favor – at the expense of integrity, productivity, profitability, the rule of law, freedom and, dare I say, fairness (no, scratch that, fairness is way too subjective) – there’s [virtually] no bounds… If this is to be the culture of the GM of the future, I predict, well, let’s just not bail them out next time…
Once again, politicians picked their winner, that 1.2% (UAW membership as a % of the U.S. population) and their losers (Moraine, Ohio – and society at large – as productivity leads to long-term employment, better quality, better pricing, better economy)…