![]() Studies have shown that EV manufacturing requires only 40 percent of the hours worked when compared to gas-powered cars. Biden’s EVs could spell the end of the UAW, and union leaders know it. … I’m proud to be the most pro-union president.” “I meant what I said when I said I’m going to be the most pro-union president in American history. Take it from Pro-Union Joe himself: “I intend to be the most pro-union president leading the most pro-union administration in American history,” he said. So, auto workers are asking the guy who says he’s the most pro-union president in history: “Where are our subsidies?”ĭon’t take it from me. Nobody knows how much those subsidies are going to be worth over time, but it’s going to be at least $500 billion and probably a lot more, as there are no monetary or time caps. Biden’s lavish subsidies for electric vehicles, as embodied in the misnamed Inflation Reduction Act. The Big Three carmakers are so far holding out on this point, along with on outsize union wage and benefit demands, and the UAW has gone on strike in factories in Missouri, Ohio, and Michigan. ![]() Not surprisingly, one of the key union demands is the return of cost-of-living adjustments. So, the UAW members’ real wages have plunged, and they’re not happy about it. Prices for necessities like food and gasoline have spiked 20 percent and more than 60 percent, respectively. The Consumer Price Index has increased almost 17 percent since Mr. Biden came into the White House and launched a left-wing spending frenzy - with the Federal Reserve playing along, at least until recently. So, it hasn’t had a COLA increase in more than 20 years. Hat tip to Breitbart’s John Carney for reminding me of that one. On Bidenflation: Remember, when President Obama negotiated the auto bailout back in 2009, the UAW agreed to forgo cost-of-living adjustments in its contract. Two key points are Bidenflation and President Biden’s completely unbalanced, insane climate policies. While I may not agree with everything the UAW is asking for in its current strike, I do think it has a lot of important points on its side.
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