A Switch in Time Saved Now, and Now This....

There's a famous saying about how "a switch in time saved nine" Supreme Court justices under FDR, who was threatening to pack the court unless it quit ruling his laws unconstitutional. When one judge switched to the liberals' side, it was just in time to save all of them.

Now, for all of us who consider the Employee Free Choice Act (EFCA) evil incarnate, it was an ill senator who saved the nation from the twin terrors of card check unionization and forced contract arbitration.

One of the EFCA's sponsors, Senator Tom Harkin (D.-Iowa), has revealed he had a deal in place in July to pass EFCA--with labor leaders set to descend on the capital to celebrate--when all he needed was just one more vote to reach the 60-vote cloture threshold. That vote belonged to the late Ted Kennedy, but when Harkin inquired of Kennedy's doctor if the senator could spend just three days in Washington, D.C., the answer was no; he's too ill.

Harkin wouldn't reveal what was in the deal:

"I will not say [what was in the bill] because it was closely held, it never leaked out and it still hasn't," Harkin said. "I took it off the front-burner and put it on the back-burner so it is still on warm, OK?"

UAW Suspends Subsidized Viagra, Controls GM

So much for the great concessions made by all sides in the negotiations for Government Motors' Chapter 11 bankruptcy.

In labor's hip pocket, Obama first refused to let Chrysler and GM merge to combine operations and save huge costs because--you guessed it--the United Automobile Workers (UAW)--wouldn't agree since it would mean loss of jobs and, and mostly, loss of those lovely union dues.

Then, while publicly saying that all sides would make sacrifices to ensure GM's survival, Obama and his team let the UAW completely off the hook while screwing every single investor of his money (bondholders get worthless stock in exchange).

What did the UAW cede? Nothing really. The union agreed to "suspend" (har de har har) overtime pay for less than 40 hours worked, subsidized Viagra, and the JOBS bank that paid employees full wages not to work (good deal if you can get it, eh?). At the same time, the UAW retained veto power over GM's foreign operations, meaning the company can't do more work in Mexico without the UAW imprimatur.

Hourly rates and all benefits for current UAW workers remain locked in, though it may be necessary to screw retirees if the union can't sell its 17.5-percent stake in Government Motors to fund health care in the future.

Now, given that great sacrifice, how long do you think GM will survive?

Answer: As long as Obama and the Democrats are in power. Congress and the White House are now captive nations of labor--especially the UAW--and will write checks forever (at taxpayer expense) to keep GM afloat.

What about selling the government's 60 percent stake on the open market?

Answer: Fat chance. At its peak, GM was never valued at more than $52 billion, roughly the cost of Uncle Obama's current 60 percent share, so a half-size Government Motors would have to rise to $80 billion in valuation before the government could sell out.

More har de har har....