Investing In the Auto Sector for Votes

THE KERKORIAN PLAN FAILS: CNNMoney.com , in April of 2007 reported  that private equity investor groups showed great interest in the auto sector of the economy. Cognizant that the U.S. Auto industry was “staggering global competition, expensive union contracts, fickle consumer tastes and a looming burden of tougher environmental regulation”, financier Kirk Kerkorian conceived of a plan to purchase Chrysler for $4.5 billion by making the Auto Workers Union a business partner in return for cutting labor costs. Exactly how his plan was supposed to work is unknown, but one can speculate that it would have been good for the Democrats. If union employees were going to be paid less, then profits would be greater, and if the Union was going to share in the profits, then in effect, workers would be making a larger contribution to the UAW. The deal was never made because the Obama administration evidentially wanted not only the campaign contributions, but it also wanted control.

THE KERKORIAN PLAN SUCCEEDS: The wisdom of the plan devised by Democrat supporter Kerkorian was adopted by the Obama Administration. Indisputably Unions are the creation of the Democrat party. FDR was the Democrat president who created the unions, including the UAW. The way it works is simple. Union power is an integral part of the success that Democrats have at the polls. Union employees are pawns, and like piranha they eat the flesh off of the corporations that pay their salaries. Union officials do little for their member workers, but they act as agents of the Democrat party. Unions, by the use of force, demand money from the rich entrepreneurs, and pass union dues through to the Democrats who pass it out to their constituents, who then vote the Democrats back into office. The cycle continues until the country runs out of industry and finally out of money, which is where the U.S. economy is at the moment.

PRIVATE PROPERTY RIGHTS DENIED: Proof that the Democrats do not support private property could not be clearer than when the Obama administration took over the domestic auto sector. Union pension funds were protected at the expense of equity investors. Perhaps for the first time in history, secured lien holders who by law stood first in line were deprived of their investment by the Federal Government. Boldly the Obama administration elevated unsecured union pension plans to the top of the list forcing equity investors to accept pennies on the dollar. The Obama administration did not pursue this illegal course of action on behalf of the union workers. The administration was not acting out of humanitarian interests. The Democrats in office simply wanted to keep the golden goose alive. The Obama administration wanted to make sure that one of their money arms was not cut off so that in the next election the UAW would be there to finance the next wave of propaganda that will put them back into office.