| The UAW today said it is pleased that the Bush administration approved bridge loans to prop up General Motors Corp. and Chrysler during the economic downturn but is concerned that the restructuring conditions outlined in the terms of the loan unfairly single out hourly workers, and said it will work with the Obama administration to remove conditions it views as unfair.|
"All stakeholders – management, directors, bondholders, suppliers, dealers, workers – will have to participate in shared sacrifices to help the industry move forward," UAW President Ron Gettelfinger said in a statement, noting that UAW members have already made substantial sacrifices to help make the domestic auto
companies more competitive.
“We are disappointed that," President Bush, "has added unfair conditions singling out workers," Gettelfinger said. “We will work with the Obama administration and the new Congress to ensure that these unfair conditions are removed, as we join in the coming months with all stakeholders to create a viable
future for the U.S. auto industry."
I told you, come March more money to pay off the union.