Thursday, December 02, 2010

Did Harley's Union Take It In The Shorts?

Remember this from the Washington Post.

The financial crisis stretched even farther across the economy than many had realized, as new disclosures show the Federal Reserve rushed trillions of dollars in emergency aid not just to Wall Street but also to motorcycle makers, telecom firms and foreign-owned banks in 2008 and 2009.

The Fed's efforts to prop up the financial sector reached across a broad spectrum of the economy, benefiting stalwarts of American industry including General Electric and Caterpillar and household-name companies such as Verizon, Harley-Davidson and Toyota. The central bank's aid programs also supported U.S. subsidiaries of banks based in East Asia, Europe and Canada while rescuing money-market mutual funds held by millions of Americans.


So Harley got money from the Fed (Obama) and the Harley union had to vote for a new contract. Remember all this back in September. Link over at Epoch.

Harley-Davidson announced on Tuesday they will keep production operations in Wisconsin after the company’s unionized employees held a vote to keep the company there.

Did the union know about this before the vote? Did the rank and file know about this before the vote? So did union members vote for Obama and Obama took care of management and again it seems the union took it in the shorts.

If management got federal bailout money why did the union take a cut in the contract? Just wondering how all this happened and will anyone else ask.

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