Quote:
Like everything else we’re subsidizing, it’s a money pit:
Down a lonely country road far from the interstate hangs a banner at the UAW’s golf course: “Public welcome.” But a review of the golf course and adjacent education center’s financial statements indicate that not enough people have been visiting.
The UAW International’s golf course and education center operations on 1,000 acres near Onaway have together lost $23 million over the past five years, independent audits obtained by the Free Press show. Both are run as for-profit corporations, according to paperwork filed with the U.S. Department of Labor, and the UAW has been propping them up with loans.
“There’s a lot of debate over what to do,” said Arthur Wheaton, a union expert from Cornell University. “They’ve been having trouble there trying to get enough people to go through there to justify the expense,” he added.
…While the UAW International has a huge reserve of money, the union filed financial records with the federal government stating that it spent about $2.7 million more than it took in during 2007 — the third time over the past five years that the union spending exceeded receipts, records show.
“All you have to do is look at the membership trends and realize that there was a golden age when they could easily support the education center,” said Hal Stack, director of the Labor Studies Center at Wayne State University.
“It could be that either things turn around or they sell it,” he added.
From a peak of 1.5 million members in the 1970s, the UAW ranks have dropped to just 465,000 regular members, according to its most recent federal filings.
In 2007 the UAW had receipts — union dues, fees and other income — of $327.6 million and it spent $330.3 million. While losing members, the UAW International, since at least 2000, has been able to hold fairly steady in the amount of money it brings in and spends, according to federal records. It has $1.2 billion in net assets.
Gregg Shotwell, a UAW activist, is not troubled to learn that the education center is losing money. “When you are educating and training union members, that’s the business of the union. That’s never a loss,” Shotwell said.
But the golf course is a different story to Shotwell. “We should be running a union — not a country club,” he said.
http://michellemalkin.com/2008/12/16/money-pit-the-uaws-gold-plated-golf-course/
All of the poor UAW workers and those evil CEO's with the private jets.
Yeah, they really need help...
Like everything else we’re subsidizing, it’s a money pit:
Down a lonely country road far from the interstate hangs a banner at the UAW’s golf course: “Public welcome.” But a review of the golf course and adjacent education center’s financial statements indicate that not enough people have been visiting.
The UAW International’s golf course and education center operations on 1,000 acres near Onaway have together lost $23 million over the past five years, independent audits obtained by the Free Press show. Both are run as for-profit corporations, according to paperwork filed with the U.S. Department of Labor, and the UAW has been propping them up with loans.
“There’s a lot of debate over what to do,” said Arthur Wheaton, a union expert from Cornell University. “They’ve been having trouble there trying to get enough people to go through there to justify the expense,” he added.
…While the UAW International has a huge reserve of money, the union filed financial records with the federal government stating that it spent about $2.7 million more than it took in during 2007 — the third time over the past five years that the union spending exceeded receipts, records show.
“All you have to do is look at the membership trends and realize that there was a golden age when they could easily support the education center,” said Hal Stack, director of the Labor Studies Center at Wayne State University.
“It could be that either things turn around or they sell it,” he added.
From a peak of 1.5 million members in the 1970s, the UAW ranks have dropped to just 465,000 regular members, according to its most recent federal filings.
In 2007 the UAW had receipts — union dues, fees and other income — of $327.6 million and it spent $330.3 million. While losing members, the UAW International, since at least 2000, has been able to hold fairly steady in the amount of money it brings in and spends, according to federal records. It has $1.2 billion in net assets.
Gregg Shotwell, a UAW activist, is not troubled to learn that the education center is losing money. “When you are educating and training union members, that’s the business of the union. That’s never a loss,” Shotwell said.
But the golf course is a different story to Shotwell. “We should be running a union — not a country club,” he said.
http://michellemalkin.com/2008/12/16/money-pit-the-uaws-gold-plated-golf-course/
All of the poor UAW workers and those evil CEO's with the private jets.
Yeah, they really need help...
