Money and Politics

GM and the country would have been far better off had GM been allowed to go through normal restructuring. The whole point of government assistance was to avoid bankruptcy, which happened anyway last June. With a normal bankruptcy GM would have been able to redraw its union contracts, but the Obama administration stepped in and not only prevented such action, but awarded the union with control of the company.

With the unions in control of GM, Congress and the White House, they are on now in full attack mode against Toyota and free enterprise. Are you feeling safer yet?

via National Institute of Prevarication » Unions at Heart of Toyota Smear.

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