Baghdad Bobby Gibbs’ mischaracterization of GM’s situation that led to the bailout was real laugh riot. He spoke in derisive tones about those who opposed the move as though we were set to lose millions of jobs. In retrospect, we now know that this was just a way to rescue the unions whose outrageous demands in concert with managements insistence on exhorbitant salaries help price GM out of the market.
In retrospect, we should have allowed GM to file for bankruptcy. They then would have been able to renegotiate the union contracts. However, this might have resulted in the unions agreeing to concessions, which would hurt the Democrats war chest, what with unions members having to subsist on something more in line with average wages and benefits and all.
This debacle is all about political power. It seems unless you’re a union member, you don’t have any. And with union membership nationwide at about the 10% range, this is yet another example of a minority gaining preference over the majority of Americans.
Again.
Thanks, Barack.
