Quote of the Day: Accuracy Matters Edition

Edward Niedermeyer
by Edward Niedermeyer

Ford made $2.1 billion or whatever last quarter and they’re still wanting more concessions, more concessions.

UAW Local 249 President Jeff Wright to Fox 4 News Kansas City. By “whatever,” he actually meant “a $424 million pre-tax operating loss and $1 billion of cash burn, with $2.3 billion net income thanks only to one-time ‘special items.’” Or whatever. But Bloomberg reports that the UAW has “concession fatigue” and wants Ford to accept less favorable terms than GM and Chrysler. Hey, UAW, remember “bailout fatigue?” Taxpayers were told to shut up and keep the largesse flowing. Try following the example.

Edward Niedermeyer
Edward Niedermeyer

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  • Durwood Durwood on Aug 10, 2009

    Yep.....if anything brings Ford down it will be the uaw. Ford has weathered pretty much everything else ,but greedy uaw will be what takes them under if they tank.

  • SpaniardinTexas SpaniardinTexas on Aug 11, 2009

    gslippy : August 10th, 2009 at 6:00 pm As a professional white-collar worker who was once unemployed for 8 months, the union should consider what “unemployment fatigue” might feel like. I would have happily traded it for “concession fatigue”. I agree.

  • Anonymous Anonymous on Aug 11, 2009

    After decades of watching the UAW milking the "Big 3" dry, I would love to see the UAW finally get theirs.

  • Tommy Boy Tommy Boy on Aug 11, 2009

    As I've posted before, this illustrates why I never intend to purchase another vehicle assembled by the UAW (because of their greed in general, their material contribution to the decline of the Big Three, and particularly the sweetheart giveaway by Obama to his UAW contributors). There are plenty of UAW-free Americans assembling high-quality vehicles for companies that aren't sucking on the taxpayer teat. AFAIC, it is patriotic to support free market companies and workers rather than government-dependent ones. The best thing that Ford could do is end-run the government auto board and the UAW by filing a genuine Chapter 11 reorganization and getting a judge to impose terms on the UAW that makes Ford even more competitive than the government subsidized GM and Chrysler.