Wednesday, December 17, 2008

Who was the bailout for, anyway?

The auto industry? Nah, they could still just take bankruptcy and reorganize into profitability. The workers? Not so much. It's entirely possible for the auto industry to reorganize and not cut many jobs.

No, the entity that stands to benefit the most is the UAW. After all, they're the ones that refused to negotiate on certain things (like pay cuts in exchange for jobs kept), and killed the bailout.

Not that I'm complaining. I thought it was a bad idea from the start.

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