Auto Bailout Is Really Democratic Union Payoff
The US United Auto Workers (UAW) union has ruled out concessions - at least for the time being - to help rescue the ailing Detroit-based car industry.
Ron Gettelfinger, the union president, said at the weekend that “the focus has to be on the economy as a whole as opposed to a UAW contract”.
Will Barack Obama bring us real change and stand up to the unions? I’m not holding my breath. Democrats owe the unions and putting the industry on permanent taxpayer funded life support is just part of the payback. It’s a policy Democrats will pay for as people tire of bailout nation. Even Wall Streeters are starting to hear the music as some of their senior executives are giving up bonuses this year.
Any talk of “change” was pre-election hype. Welcome to the post-election reality of business as usual by Obama, Reid, and Pelosi.
Archived in: auto bailout, Barack Obama, Democrats, Republicans, UnionsNovember 17, 2008 at 10:59 pm | Trackback
1 comment
how convenient for them to suddenly shift from being a solely bank-bailout to wondering why there’s so much left over.. oh, let’s just pick another ailing industry.
ever wonder why it’s only the american car manufacturers that’s failing? gee, maybe congress has been a little too lenient in letting the asians take over our culture. maybe if they didn’t force hundreds of thousands of jobs away from gm and ford then the bailout wouldn’t've been needed, and the surplus cash from the bailout can go back to the also-ailing taxpayers.
free-market capitalism is a system where the failing areas become opportunities for entrepreneurs. and there’s no shortage of entrepreneurs. just let it work itself out; it’s a self-correcting economic system.