Saturday, December 27, 2008

Reason 666 Why Congress Is Too Stupid To Be In Business

The auto bailout Democrat congressional payola for union support will probably be used to support the UAW's Black Lakes Golf Club which has lost over $23 million in just the last five years.

Autoworkers Union Keeps $6 Million Golf Course for Members at $33 Million Lakeside Retreat
Even as the industry struggles with massive losses, the UAW brass continue to own and operate a $33 million lakeside retreat in Michigan, complete with a $6.4 million designer golf course. And it's costing them millions each year.

The UAW, known more for its strikes than its slices, hosts seminars and junkets at the Walter and May Reuther Family Education Center in Onaway, Mich., which is nestled on "1,000 heavily forested acres" on Michigan's Black Lake, according to its Web site.

But the Black Lake club and retreat, which are among the union's biggest fixed assets, have lost $23 million in the past five years alone, a heavy albatross around the union's neck as it tries to manage a multibillion-dollar pension plan crisis.
Critics call it a resort for union leaders that wastes money from union dues.


An aerial view of the Black Lakes Golf Club, a $6 million golf course owned and operated by the United Auto Workers.

Together, unions and congress should be able to bankrupt American industry.