No, There's Nothing Tawdry Here

The whole thing stinks to high heaven. The government taking over a private company that would probably fail on their own. And SHOULD fail if they cannot compete in the marketplace.

Conveniently, the contract signed by UAW will come due for renegotiation JUST in time for the reelection campaign. But I'm sure that won't affect the administrations decisions at all.

"There's also the labor agreement that the UAW approved last week, which goes some way toward reducing costs but probably not enough to make the new, smaller GM competitive. The new agreement simplifies some work rules and job descriptions but makes no reductions in hourly pay, pensions or health care for active workers. The agreement must also be renegotiated in two years by an Obama Administration running for re-election and weighing the need to keep Big Labor happy against the risks to taxpayer-shareholders. Who do you think wins that White House debate?"

Nope...nothing to see here. Everything is perfectly above board. Keep your heads down and bow to your Messiah who is here to save you from yourselves.

And read the whole article...if you can stomach it.