Posted by
Beltway Blowhards on Friday, January 09, 2009 1:37:06 PM
YRC, the nations's largest publicly traded trucker, said that its union employees approved a 10% WAGE CUT and other contract modifications that will save the troubled company close to $250 million per year.
Let this action be a lesson for the Beltway Blowhards in Washington. If the government stops bailing out the private sector, it will figure out ways to survive on its own.
Congratulations to the Teamsters Union and the management of YRC for solving its own problems.
When the Shrinking Three Automakers come back to to Washington for more bailout money, the conservatives in Congress should point to YRC as an example to follow.
Surely, the UAW's Mr. Gettelfinger, Barney Blather Frank and Chris Coxcomb Dodd will ignore it.