So the UAW decided to let go of retiree health care. Wallstreet is gleeful (according to bloomberg tv this morning in the gym) because “american companies can’t afford to be in the health care business”.

I agree with them. The one thing they didn’t mention is that the reason asian and german car manufacturers can out-compete us companies is because their governments provide pensions and healthcare, not because the workers don’t have it.

This entry was posted on Wednesday, September 26th, 2007 at 9:02 and is filed under unions. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.