old VEBA. Common sense and logic makes it difficult to understand how workers healthcare and legacy cost are better secured by 1 billion dollars, than they are by 15 billion dollars. Nevertheless, the "Cooperation Partners" have decided that this is what is best for the workers.
In the mean time General Motors can let the GOOD TIMES ROLL because they have found another source of income. Obviously, it is not from selling cars, but then again we know they do not make their primary income from selling cars because every year they continue loosing market share. Therefore, since there is nothing else to sell off in GM except GMAC, which they are trying to do now, they get their hands on at least 10 billion dollars in the old VEBA and they look forward to the time they sell off GMAC and maybe get another 25 billion.
Much like the automaker, the union is fast arriving at the point where the institution, the UAW International Union, can survive maybe with out any dues paying members at all. The latter is possible because the UAW has alternative sources of income as well. At present day, only one third of the UAW’s annual flat line income is generated from union dues. The other sources of income are from interest earned off the strike fund, retirement trust, joint funds charge backs and service charges on those joint funds charge-backs.
General Motors on the other hand is probably walking into a $10 billion win fall they can do what they want. More importantly, GM has absolved the company of a 25 billion dollar legacy cost. It is a great deal for the "Cooperation Partners" but a terrible deal for the helpless masses of retirees who have been denied any democratic input, democratic voice, or democratic due process. Equally, it is a tragedy yet to happen to active workers who have been duped into believing that this negotiations is going to be NO COST to them, of course, not until such time when workers themselves become helpless retirees.
The real tragedy is the betrayal of trust of both our members and retirees and the very instrument that was written and designed to protect members from this type of tyranny, "The UAW Constitution." If you do not feel like reading the entire book may we encourage you to read the preamble? Moreover, if you have never read it before, you need to NOW!
Then again we believe the actions taken during these negotiations by the UAW International Union delivered the finally blow to the Union by driving a dividing rod through its heart and sole of the union "THE UAW CONSTITUTION."
Next year members will be selecting delegates who will attend the UAW Constitutional Convention. WHY we ask? Why even hold a Constitutional Convention? The officers of the international union have proven they have no regard and have abandoned the principles set forth in the constitution and lest we forget they made a solemn pledge to uphold when they took office. Instead, the "Cooperation Partners" choose to do as they damn well please in spite of those beautiful words and the intent of that book.
A lawyer and friend recently asked the following question. "Will the UAW as we have known it be around in the next five years?" We concurred that it would NOT! Ironically, we did not have any idea at that moment that the end was so close at hand.
Keep in mind the "Cooperation Partners" will survive, but the UAW as a Trade Union is already constitutionally dead.
"I never did give anybody hell, I just told the truth and they thought it was hell." Harry S. Truman