Source: Sanford M. Jacoby, New Labor Forum, Vol. 18 no. 2, Spring 2009
From the abstract:
Who wrecked the Big Three? Much of the blame is being heaped upon America’s automotive union, the United Auto Workers (UAW), and its members. In December 2008, Senate Republicans refused to help the industry unless workers took huge pay cuts. The White House loan of $17 billion, delivered two weeks later, included provisions requiring that the UAW renegotiate its contracts. The labor provisions have nothing to do with economics. They reflect the GOP’s antipathy toward organized labor, which has heavily supported President Obama, and its reflexive tendency to blame the victims. What about excessive payments to shareholders or executives?