RSSAirline Unions Want Obama’s Help Bankrupting Airlines
Warner Todd Huston | November 11, 2008
-By Warner Todd Huston
During the campaign it came to light that Barack Obama had claimed that he wanted to bankrupt America’s coal industry and make all our electrical rates skyrocket. Well, now that he is president elect Obama, airline unions are hoping that he’ll also come to their aid and help bankrupt the airlines. At least, that is what the things these unions want Obama to help them with will do.
The union that represents American Airlines flight attendants recently announced hopes that Obama would intervene in upcoming negotiations and help the unions rollback previous benefit cuts that they’d agreed to the last negotiations. “Perhaps the time is nigh for righting the wage and benefit cuts which have weighed unevenly on the labor groups,” the union said to its members.
With the costs of fuel falling, some analysts are saying that the airline industry might see profits for the first time in a long while, and this has left labor unions salivating to abscond with these profits for themselves.
But, in a still weak economy and with uncertain fuel prices, this is a recipe for disaster. Unions aren’t willing even to let things settle before making a mad dash for the cash and with Obama in office they assume he will force business to bow to union demands, especially where it concerns strikes in the transportation industry, an area that Federal oversight is thick.
This is more evidence that unions would rather see their own livelihoods destroyed than allow their businesses to be profitable.
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