In a blog post back on April 29th, I wrote:
My first thought upon hearing that the United Auto Workers union is going to end up owning 55% of GM and 39% of Chrysler, with Barack Obama essentially owning most of the rest, was this question:
What happens the next time Ford goes to sit down at the bargaining table with the UAW when the union has a huge vested interest in the success of Ford’s competitors? Does anybody think the union is going to bargain in good faith?
Two days ago we saw this headline: “Ford workers reject contract changes”
DETROIT — Ford Motor Co. workers have overwhelmingly rejected contract changes that would have allowed the automaker to cut labor costs, leaving Ford at a disadvantage to its Detroit rivals as it continues its struggle to return to profitability.
Of course, you didn’t have to be the prophet Daniel to see that one coming.