CNN Money:
Bernanke hasn’t forgotten the original problem, it seems. Watching all the bailout hoopla, I find it ironic that ‘trickle down’ has been transmuted into ‘sucking up.’ Deregulation empowered the unethical greedy to bring us to socialism’s door. Remember the welfare hearings during the early Clinton years? “Don’t feed the alligators”? Turnabout’s fair play. Remind your Republican friends, if auto bailouts succeed, that they’re driving ‘welfare wagons’ and ‘socialist sedans.’
Comments:
You have to admit, though, some unions have gone overboard, particularly in the auto industries. But I fully realize that renegotiation is one thing, throwing the baby out with the bathwater is another.
I’ve had both good and bad experiences with unions, miraculously good when they’re working for you, ridiculously bad when they’re working against you. [Doing A/V gigs in union-dominated Las Vegas was a nightmare, one I won’t forget soon.]
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Cute, but this isn’t what the “bailout” for the automakers is about: it’s *really* about busting the unions, once and for all.
I guarantee you the bailout package will come with several “strings” attached, one of which will be pension payments, another denying overtime payments, etc.