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Politics : American Presidential Politics and foreign affairs
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To: Peter Dierks who wrote (46865)11/3/2010 2:23:17 PM
From: stock leader1 Recommendation  Read Replies (2) of 71588
 
unions destroyed manufacturing in US... telco jobs flying overseas.

now regular workers have paid billions to bloated union filth...

"After the UAW's two-day strike against GM last year led to the creation of union-administered trusts to handle health and pension obligations to union retirees, CNN noted this amazing statistic:

Today, the number of UAW retirees and surviving spouses collecting benefits from the big three automakers - about 540,000 - outnumbers active members working at the three automakers by three to one.

If this sounds like a pyramid scheme, don't be surprised to learn that this is exactly where the bailout money -- tens of billions of taxpayer dollars -- will be going. The Big Three simply won't be able to afford payments to the union-boss-run trusts, and now they want all Americans to pay for them.

What has sadly gone unreported in this fiasco is the nature of union-administred trust funds. The National Right to Work Foundation has previously revealed the lack of accountability in union pensions, which have often been used by union bosses as slush funds. As we told you last month, despite new federal reporting requirements, union and trust fund officials can choose to hide any trust expenditures they wish from their members. Can we really expect the new administration to ensure that union trusts aren't misusing their funds?
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