Tuesday, December 16, 2008
I don't understand why the auto bailout is unpopular with the public. It seems evident that the ramifications of allowing the U.S. auto industry to tank will be felt deeply and painfully in every nook and cranny of this nation -- and around the world -- and would be a decision deeply regretted for a long time to come.
Of course, this bailout should be handled better than the Wall Street one. Let's start with a little accountability. Please? But with good oversight, the revitalization of the U.S. auto industry could have all kinds of far-reaching positive effects: greener vehicles, the end of planned obsolescence, better fuel economy.
I'm appalled that the Senate Republicans are so crass as to be willing to let the entire world economy tank for the sake of taking a political shot at organized labor. They are unconscionable bullies. I hope they have miscalculated on a grand scale and that their enormous hubris winds around and bites them in the butt big time.
About Auto Bailout
Read the Article at HuffingtonPost