President Bush on Friday said he is worried about giving taxpayer money to car companies that “may not survive.”After giving, what, 5 times that amount to an just one insurance insurance company, and engineering something on the order of 200 times that amount for wall street in exchange for stock that has already lost a third of its value.
Big finance is a political ally, so they must be saved.
The UAW is the enemy, and so must be crushed, even if it means that there will be a 6 month period where no cars at all are assembled in the US, by either surviving members of the Big 3 (Big 2½) or by the transplants like Toyota, Honda, etc. because of suppliers going into bankruptcy like dominoes.
Additionally, you would start seeing shortages on spare parts for the cars, adversely effecting the auto repair business.
Seriously, when you see this level of disregard of the basic well being of the country because of political expediency, there is only one thing to day, "The Hague, bitches."
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