AUTOLINE ON AUTOBLOG: The Moneyed Tycoons of the UAW

September 27th, 2007 at 2:00pm

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I gotta believe Karl Marx is spinning in his grave. Can you imagine the captains of capitalism handing tens of billions of dollars over to labor? For free? It’s enough to make a Communist lose all hope for class warfare!

Yet, as part of a deal to get rid of all their health care bills for retired hourly workers, Detroit automakers are going to make the UAW richer than it ever dreamed possible. They’re creating a VEBA, or . . .

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