Lou Dobbs Tonight
Wednesday, September 26, 2007

Tonight, the autoworkers union and the country’s biggest car
maker have reached an agreement. The strike is over and the
assembly lines are running again. Did the UAW get a good deal
for its members? Are their jobs secure?

GM will make a one-time payment of $35 billion to the shift the
healthcare obligations for active and retired workers to the
union and take those costs off its own books. The UAW now must
manage that fund to make sure it meets its obligations to union
members. GM says it’s happy. The union says its happy. But lost
in all the happiness is the fact that the fund is a very big
gamble, and Wall Street is licking its chops in anticipation of
the big fund it will get paid to manage. We’ll have a special
report tonight.

The United Steel Workers kicked off a campaign today called
“Toxic Tradeâ€