From Mark Hemingway at the Corner:
Just as one particular example, I was struck by the guy at the Ford plant; it noted that his father and grandfather had worked at Ford and retired with full benefits. And now he's only paid to work every other week. Is he suffering currently because of the state of the economy and George Bush's economic policies, or because his dad and grandad's union extracted exorbitant benefits and retirement packages that mean Ford is now saddled with crushing financial obligations?
I've heard it said that with GM, at least, something like $1000-$2000 of each vehicles price goes to the benefits of GM retirees. As for the "extraction" of "exhorbitant benefits" by the unions, the big three are as equally to blame. The writing has been on that wall for much longer that the subprime grafitti.
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