Showing posts with label Chrysler. Show all posts
Showing posts with label Chrysler. Show all posts

Wednesday, December 10, 2008

Hey Congress, the Auto-Workers aren't your red-headed step children

I am seriously disturbed by the fact the auto-workers are having so much trouble getting a piece of the bailout.  The Dems and President Bush are working together, but it looks like it might not matter anyway because of the Republicans in the Senate who want to vote against it.  The bailout would be 15 billion dollars in emergency loans to Chrysler and General Motors, and President Bush would get to appoint a car czar to oversee everything.  They want to hold Chrysler's parent company liable for any losses and let the car czar impose a long-term viability plan for the auto companies.  The bill would also allow the car czar to force one of the companies into bankruptcy.

In the end, I'm still wondering why the auto workers are having such trouble.  This bailout is nothing compared to the bank one, and more people's jobs are at risk.  Where is the confusion?  I'd like to read the proposed bill, but this actually sounds alright to me...so far.