We can now see why the imminent Walmart strikes on Black Friday have spooked the company. They have engaged in a two-prong PR strategy, dismissing the strikes as being carried out by a small faction of its 1.4 million associates, while also seeking National Labor Relations Board reliefto block the strikes as illegal union-based activity. [...]

General Motors, which the Obama Administration rescued in 2009 with bridge loans as it went through a managed bankruptcy, announced a record annual profit in nominal terms, which will earn the union workers at the company a substantial upside benefit. General Motors earned its largest profit ever in 2011, two years after it nearly collapsed [...]

The successful auto industry rescue is definitely a feather in the cap for the Administration, protecting up to a million direct and indirect auto industry jobs, and putting GM and Chrysler in a position to succeed. Now there’s a new contract with the United Auto Workers to share the success with labor. One criticism of [...]