The News: Ford Motor Company and the United Auto Workers union reached deal today that granted the Company discretion to "fund" its retiree health care fund with stock instead of cash balancing its "liquidity needs" as it saw best. "The modifications will protect jobs for U.A.W. members by ensuring the long-term viability of the company,” the union’s president, Ron Gettelfinger, said.
The Note: Pathetic. It is perfectly true that health care costs are a major burden to U.S. enterprises. The solution is National Health Care which lightens the burden for all by spreading the costs and eliminating insurance company profits from those costs. Instead, Gettlefinger, who is apparently devoid of class consciousness, is grateful for the chance to turn his union members into an organized lumpen proletariat.
I think we should bring back petticoated aristocrats. I mean, aristocrats created jobs for chamber-pot carriers, footmen, stable boys and bedroom boys. Without aristocrats there wouldn't be any good jobs for the rest of us.