| It seems like every time a troubled industry starts to | | | | should have been re-invested. |
| make money, the labor unions in those large | | | | John Sweeney the president of the AFL CIO is retiring |
| companies in those industries demand more money, | | | | and what a beautiful golden parachute indeed. He had |
| and if they don't get it, they will strike. This is one | | | | enabled the envious employees and labor unions to |
| reason the airline industry cannot re-invent itself, | | | | destroy General Motors and Chrysler. Along with |
| innovate, or buy more fuel-efficient airplanes to help it | | | | several auto parts companies such as Delphi which |
| to greater profitability. The auto industry desperately | | | | closed 25 plants, taking most of that work to Mexico. |
| needed to re-tool to build smaller cars instead of SUVs | | | | Who won? The answer is nobody. |
| due to the higher fuel prices. | | | | In the end, it was the US taxpayer who bailed out |
| Unfortunately, the big three automakers were bogged | | | | General Motors and Chrysler. This is interesting |
| down in sand due to the labor unions. The increased | | | | because it was also the citizens which paid more for |
| profits from making all those SUVs should have been | | | | buying American cars because the unions demanded |
| reinvested in the future of those companies. But | | | | more and those cost increased the price of |
| instead the labor unions demanded better benefits, | | | | American-made automobiles to an uncompetitive and |
| more health care, greater pensions, fewer hours, and | | | | unsustainable level. |
| more money. That took away all the profits, which | | | | |