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Re: GM

Started by JJM, 06/02/2009 01:43PM
Posted 06/02/2009 01:43PM Opening Post
The sad truth is that for much less than the approximately $100B spent and committed so far, the federal government could have purchased every GM and Chrysler vehicle sitting on the lots, fixed the benefit plan shortfalls, and given generous early retirement buyouts to the highest paid union workers.

But that would be "fixing" the problem, and their real goal here is apparently control. Anyone who doubts this only has to note the pressure the administration is putting on the bankruptcy judge in the Chrysler proceedings. We used to be a nation of laws, we used to have separation of powers. Now we have thuggery. It has a broad, happy smile, a deep nicotine baritone, and wears $300 neckties, but it is still thuggery.

Jim McSheehy