"Obama Didn't Save Union Jobs, He Saved Union Pay"
"Contrary to popular belief, bankruptcy does not mean companies close their doors and send employees home. This is the false message President Barack Obama tried to sell on his victory tour of Detroit. If General Motors had gone through a normal bankruptcy without taxpayer bailouts, there would still be GM jobs--maybe even more than there are now. We do not know because that was the road not taken."
What the government did was a classic economic Fascist move. Just like Mussolini he averted a "crises" by ignoring the law. Then forming a conspiracy between big government, big labor, and the willing syncophants in the press.
And as with all economic fasicm the average taxpayer gets stuck with the bill.
Posted by: kyle8 | June 30, 2011 at 07:21 AM