Lincoln, Obama, UAW & Civil War

Abraham Lincoln was quoted, " These capitalists generally act to fleece the people". What would Abe say about the United Auto Workers?

Obama ,who likes to invoke Lincoln, said something about the UAW . He fleeced the capitalists by giving the UAW more of Chrysler and General Motors than the bond holders after the federal bailout. That's an ironic metaphor for the North usurping states rights in the South by way of a Civil War.  A reversal of South Carolina firing on Fort Sumter.

Prepare for the future. The government is getting more aggressive.

GM & UAW Leadership vs. UAW Rank & File

General Motors has offered the United Auto Workers leadership $ 50 billion to fund the outstanding liabilities of health care costs of the UAW rank and file.The effective triangulation is in the form of a VEBA-voluntary employee beneficiary association. It puts UAW leadership in the sweet spot of managing a $50 billion fund with all the perks and deals that creatively can be made at the expense of the rank and file membership. And it removes GM from any future health care liability. It's a cinch the UAW management can say NO to it's membership a lot easier than GM can. GM nearly went broke saying YES to the UAW.