Double standards

[funeralcrasher]

Citigroup grovels and begs, then receives $20,000,000,000 from taxpayers. No congressional hearings, no CEO frog march to Washington, little to no oversight, and virtually no Republican outrage.

Yep, free market capitalism at it's best.

And it's just the tip of the $700 billion dollar iceberg for the banking industry.

Comments

[terry-terrible.livejournal.com]

Actually, I don't drive any car right now. But if I were to buy a new car, my top three choices would be Ford or GM.

I do stand by my statement that the UAW is one of the more disfunctional unions. But on this issue I stand by it. The southern senators against this have singled out union workers on this period, if you read the actual texts of the speeches they gave on the floor last night they made it pretty clear that they were against the unions because they are unions.

Cutting worker salaries wouldn't have much of an affect on the big picture anyway since current payrolls eat up about %10 of a cost of new car. What's a bigger problem are the health care and pension cost which is whole other tangled mess all together.

[terry-terrible.livejournal.com]

P.S. If you don't believe this is strictly a union-busting strategy, read this talking points memo sent around the GOP Senate staffers yesterday:

http://thenewshole.msnbc.msn.com/archive/2008/12/12/1713569.aspx