An Open Letter to UE Local 1110

I was using stumble! and it took me to a website that asked us to support the Union in their fight.  Even provided the words.  I chose to go a different route.  Here is my email to them (sent using their website.)

Dear UE Local 1110 Members,

I empathize with your plight, I really do. But I wonder if you thought through all of this.

The company, your company, just didn’t have the money. They couldn’t pay you. As they say, you can’t get blood from a turnip. They were unable to secure the loan that would be necessary to keep their business going, and to pay you.

They really had no choice. They had to close.

Bank of America determined that a company that only had 3 days of reserves was not a good candidate for a loan. They chose not to “throw good money after bad” and denied the loan request.

In response, you… sat down?

As a result, BoA has now given a “loan” to your company. A loan that they will most likely use to give you what you have demanded, and then they will in all likelihood still close. Just after 60 days.

So you won. You have forced BoA to give a loan to a company that by every indication has no intention of paying it back. A company that in all likelihood will be declaring bankruptcy in less than 60 days.

Assuming that the BoA “bailout” was used to fund this, all you have done is take money from your fellow tax-payers (and presumably yourselves, once you regain employment.)

So where, again, was the victory here?