Obama Gives UAW 55% Control Over Chrysler; UAW Negotiations With Itself Go Smoothly

The arrangement puts the future success of Chrysler in the hands of UAW leaders, who have proven themselves to be skilled negotiators and prime contributors to the Democratic Party. Having won for its members pay schedules and work rules that are much more generous than what workers for their foreign competitors enjoy, Chrysler was brought to the edge of bankruptcy. The UAW then skillfully used that unprofitability to leverage billions of dollars in taxpayer bailouts from Congress and, ultimately, a 55% ownership share of the company, courtesy of the President.

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