UAW in Financial Trouble

The UAW, which purchased among other things, a golf course with members dues money, appears to be hitting the financial skids. The Truth About Cars reports that the union is down to its savings and is running on fumes: A bloated management, run-away costs, declining market share, imploding volume, a sell-off of assets and investments, headquartered in Detroit – what is it? No, it’s none of the Detroit automakers. It is their former nemesis and current co-owner, the United Auto Workers. “Two years after the wrenching restructuring of the U.S. auto industry and the bankruptcies that remade General Motors and Chrysler, the UAW is facing its own financial reckoning. America’s richest union has been living beyond its means and running down its savings, an analysis of its financial records shows. Unless King and other officials succeed with a turnaround plan still taking shape, the next financial crisis in Detroit may not be at one of the automakers but at the UAW itself.” This is the beginning of a special report written by the best in the reporting business, by Deepa Seetharaman and her boss, Kevin Krolicki, Chief of the Detroit Bureau of Reuters, with the help of their team of combat reporters from the Detroit front-lines. “The UAW might have three to five years before its budget difficulties forced a financial crunch, absent changes. The “hand-grenade” math of the projection gave the union less than a five-year window of opportunity to turn things around by winning new membership at foreign-run auto plants, said the person who saw the internal forecast and asked not to be named because of its sensitivity.”
Michigan Renounces Day-Care Forced Unionism

Michigan Renounces Day-Care Forced Unionism

Last year, Carrie Schlaud appeared on a Fox News broadcast along with Committee President Mark Mix to discuss her and other Michigan home day-care providers' efforts to defend their Right to Work. Credit: Fox News But Union Dons May Get to Keep $4.5 Million Wrung From Providers (Source: June 2011 NRTWC Newsletter) Five years ago, bosses of two AFL-CIO unions, the United Auto Workers (UAW) and the American Federation of State, County and Municipal Employees (AFSCME), teamed up to acquire forced-unionism control over home-based day-care providers in Michigan. The UAW/AFSCME joint-venture union, known as "Child Care Providers Together Michigan" (CCPTM), was set up with the express aim of unionizing "all home-based child [day] care providers in Michigan." Then-Gov. Jennifer Granholm, a Big Labor Democrat, was ready from the beginning to pull as many strings as necessary for the CCPTM union. In July 2006, Granholm-appointed bureaucrats helped establish a shell corporation known as the "Michigan Home Based Child Care Council" (MHBCC). The sole genuine purpose of this venture was to act as the entity against which the CCPTM union was supposedly organizing. Many of the 40,500 day-care providers targeted by CCPTM organizers report that they never even heard of this outfit until after it had prevailed in a low-turnout "mail ballot" election. In 2008, forced union fees began being siphoned out of the reimbursement checks day-care providers receive from the government for serving needy families who are unable to pay their own way. With Right to Work Attorneys' Help, Michigan Home Day-Care Providers Fought Back
Taxpayers to Realize More Losses on GM Bailout

Taxpayers to Realize More Losses on GM Bailout

Meanwhile, United Autoworkers Union Bosses Pocket $3.4 Billion (Source: May 2011 NRTWC Newsletter) In late 2008, GOP President George W. Bush "loaned" a total of $19.4 billion in federal taxpayers' money to the Big Labor-controlled General Motors Corporation (GM). Mr. Bush assured taxpayers they would get their money back. But by the spring of 2009, we learned we would never get back any of the money Mr. Bush had handed over to GM shortly before he left office. His successor as President, Democrat Barack Obama, announced GM would never have to settle up with taxpayers. President Obama simultaneously earmarked an additional $30 billion in taxpayers' money to by-then bankrupt GM. In exchange, taxpayers got a 61% stake in the money-losing company. Echoing Mr. Bush, Mr. Obama and his advisors insisted that, when the government eventually sold off its whole stake in GM, taxpayers would get the entire $30 billion back, and perhaps even reap a profit. Just last August, the President said it again. He told a CNBC interviewer: "We expect taxpayers will get back all the money my Administration has invested in GM." 'Government Officials Are Willing to Take the Loss'