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Default Obamanomics....


"Vic Smith" wrote in message
...

Here's a different take.
http://www.nytimes.com/2009/05/02/bu...html?_r=1&dlbk

This ending comment should make many here happy.

"This may come to be seen as Mr. Obama’s Nixon in China moment. Just
as it took a conservative Republican to open relations with the
largest Communist country in the world, it took a liberal Democrat to
break the U.A.W."

I do think this announcement of the UAW's death is premature.

--Vic



Consider this.

If the Fed had not provided bailout money to Chrysler (and GM) this story
would have an entirely different ending.
What we are witnessing is the government controlling the destiny of a public
corporation and screw the courts and bankruptcy laws.

More to come.

Eisboch

 
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