Wednesday, April 15, 2009

Bailout Naivete

I always thought that this whole baloney about supporting Detroit and the car guys was about politics, but of course I was looking the wrong way as they want you to. This isn't about jobs or supporting businesses too big to fail or any of that. Its about protecting the UAW, because if GM (or Chrysler) goes into bankrupcy, as they should, then the union loses control over the company and they are forced to renegotiate. It might also call into question the value of a union that destroys its members jobs, given that the other auto factories don't have the same union control and are not having the same problems.

I still need to work on my conspiracy language to make this sound better, but hopefully the gist is clear.

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