http://www.laborradio.org/node/10812By Doug Cunningham
In President Obama’s speech on the plan to save the U.S. auto industry there was not a word about protecting the pensions of more than a million workers or of guaranteeing their retiree health care. But there were threats of bankruptcy, albeit a “structured bankruptcy’ that would keep GM and Chrysler in business.
Obama says as GM cuts costs and goes after it workers for more sacrifice he, the president, will somehow fight for autoworkers.
: “I will fight for you. You’re the reason I’m here today. I got my start fighting for working families in the shadows of a shuttered steel plant. I wake up every single day asking myself what can I do to give you and working people all across this country a fair shot at the American Dream."
For autoworkers he could start by protecting their pensions, their wages, their jobs, their retiree health care. The United Auto Workers union won all that for workers and delivered the American Dream for generations of workers. But that was nowhere to be found in his speech. A senior administration official reiterated what the president said – that bankruptcy is a real possibility, though the administration says no decisions to go that route have been made. Despite labor costs comprising just ten percent of the cost of a new car, all that’s certain for autoworkers is more pain and sacrifice. The United Auto Workers union has already cut new hire wages in half, slashed other benefits and is talking with GM and Chrysler now about taking billions of dollars less in cash to fund retiree health care. Obama says his administration is committed to the survival and viability of the U.S. auto industry. But no such commitment has been made to protect autoworker jobs, retiree pensions or health care. The double-standard of lavishing hundreds of billions of dollars on the financial industry while treating the auto industry and its workers much more harshly for much less in loans is stark. And Obama is not attaching strings to the government’s money requiring that worker wages and benefits will be restored if and when GM and Chrysler return to profitablility.