Friday, December 12, 2008

It's all about the collar

Why has the Government "saved" the financial sector but forsaken the auto industry? It's all about the size of your lobby and the color of your collar.

The UAW hasn't quite realized that they are facing extinction. However within the context of the current climate it's hard to blame them for not wanting to back down. They've had to watch the people responsible for this entire financial mess get bailed out to the tune of hundreds of billions of dollars while they have ended up with the shit end of the stick. Why? Would this be the case if the Secretary of the Treasury was a former auto industry executive and not the former CEO of a nearly failed brokerage company?

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