From Slate -- The new UAW contract with Ford apparently does not give America's surviving non-bankrupt automaker parity with GM and Chrysler, reports Bloomberg: "The plan doesn’t include cuts to retiree benefits, such as vision coverage, that were granted to GM and Chrysler." Rather, the pain seems even more concentrated on future hires (if there are any) than with the GM/Chrysler deals.
Because Obama handed over on a silver platter, as payback for election support, partial ownership in GM and Chrysler, the dastardly union cretins are hamstringing the only healthy auto maker in the US. It would have been so much better to let the auto makers go completely bankrupt and utterly fail, which is exactly what they and the labor unions deserved. The labor market is so out of whack in Michigan it's preposterous. Auto assembly work should be subject to market forces just like 7-11 clerk, lab technician, and truck driver. Think how much more competitive the American auto companies would be, and how much cheaper car prices would be, if their labor costs were market driven rather than union-contract driven?
I will never again buy a General Motors or Chrysler vehicle for this reason alone. If I buy American, it'll be a Ford as long as they don't take bailout money.