Monday, November 24, 2008

Why we're bailing out Chitigroup and not the Big 3

No unions to bust.

It's also important, of course, to prop up the make-believe economy (the one that pushes paper around and talks on the phone) as opposed to the real one. You remember that economy, right? The one that actually manufactures things.

That''s what we all went to college for, right? So we could wear white-collar shirts and not blue ones, like our dads? Not get our hands dirty?

And just to put another miserable conservative talking point to bed: the reason the auto manufacturers are in trouble IS NOT because their employees get too generous a benefits package. It's because their overpaid management (GM $20 million, Honda $1 million) keeps turning out a product that no one wants to buy. There's also that little-known fact that cars built in the US have built-in health insurance costs, while cars built in countries like Japan or Germany provide health insurance to all citizens, or they're built in places like Mexico or Brazil where the workforces are non-union and don't receive any health care at all.

Which model will we move toward?

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