Saturday, December 13, 2008

What We Got Here Is Failure to Negotiate

TPM: "The Failed Bailout and the New North-South Civil War Among Automakers" by Robert Reich

1 comment:

Dianne said...

I grew up in Michigan, and my dad is a Ford retiree. Not UAW, my dad was a white-collar worker--so when Ford needed to save money, guess who lost his health care.

I can't help thinking that these Senators simply cannot understand how deeply the Big 3 are woven into the economy of Michigan. The thought of one of them, or more, collapsing boggles my mind. The ripple effect will be devastating.

I didn't notice them demanding concessions and restructing plans from the banks.