Most news sources are reporting that the majority of Ford's UAW members have rejected a concession package that the UAW granted to GM and Chrysler earlier this year.
According to the Automotive News, many of Ford's UAW members believe that Ford is "financially stronger" than GM or Chrysler and therefore does not deserve any "give-backs."
Unfortunately, this is a far cry from the truth. While Ford isn't in imminent danger, the company still has billions of dollars in debt and higher overall costs. Unless the UAW grants Ford the same concessions that were granted to GM and Chrysler, Ford is at a competitive disadvantage.
Considering that President Obama was instrumental in forcing the UAW to work with GM and Chrysler, and considering that Ford is a direct competitor, doesn't it make sense for the Obama administration to intervene?
Do you think Obama should force Ford's UAW members to accept the same terms that were forced upon GM and Chrysler UAW members?
Click on the link to learn more about the suicidal nature of this move by the UAW.
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