O's 50 Billion Plan
Calif Bill wrote:
"BAR" wrote in message
...
Boater wrote:
Eisboch wrote:
So now Obama has recommended emergency loans to GM, Ford and Chysler and
is also pushing for a $50B bailout package to tide them over for a
while. Here's a quoted passage from the article:
"If the plan were to offer no strong guarantees against layoffs it would
likely draw fire from unions. But Obama advisers have been persuaded
that the impact on current workers and retirees would be staggering if
the companies went into bankruptcy."
Here's what I don't understand.
To the best of my knowledge, only 12 percent of the total American
workforce is Union. Obviously the number of union auto workers is a
much smaller percentage.
So, Obama thinks that the taxpayers should cough up $50B to save the
jobs of a relatively small percentage of the workforce?
What about the millions of people working in non-union small businesses?
They are being affected by the economic slowdown as much as the auto
industry's union workers. Are they going to get a dedicated and
specific bailout as well to keep the companies they work for in
business?
Those unfortunate enough to get laid off due to work slow downs
typically apply for unemployment benefits and try to find a new job.
Why do the employees of GM, Ford and Chrysler deserve more
consideration?
Is this part of the "share the wealth" plan?
Eisboch
Whoooooooosh.
Unions, a just a powerful special interest group. Better funded than and
listened to more often than most of the K street lobbying firms.
Heard on the radio today $100,000,000 was contributed to Democrat
politicians this election cycle. $10,000,000 to Republicans. Payback time.
I sure hope so.
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