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President Obama has seemingly signaled that blue-collar contracts are less sacred than bonus contracts for bankers. Is this what we voted for last November?

In watching President Obama’s announcement yesterday concerning the U.S. auto industry, I was disappointed to hear him suggest that UAW employees may be in line for even more forced concessions if the industry is to be saved. I hope that isn’t so. Especially not after hearing members of the administration defend the validity of AIG bonuses under the guise of honoring contracts.

If a contract is a contract, then it should be that way whether you’re an overpaid executive or an assembly line worker struggling to keep his family afloat. I hope President Obama understands that as well.

Watch the President’s address:

Filed under: politics, poverty and wealth, solidarity, unionism, video