'Scuse me, but I have a VERY strong suspicion about WHY there's opposition to an automaker bailout
yes, i'm cynical, but you already knew that...
i was watching cnn last evening where paulson and bernanke were testifying before congress on the bailout... this was interspersed with stories about the big three automakers also scheduled to appear with hat in hand... now, i don't know about you, but i've been watching our - taxpayers' - money being handed out by the billions to banks, insurance companies, investment brokers and damn near everybody else that passes by, and i was sitting there trying to make sense out of why, fercryinoutloud, our super-rich elites, personified by paulson and bernanke, people who've been so free with our money up to now, were suddenly so hard over against helping detroit... then it dawned on me...
what sets detroit's situation apart from the banks, insurance companies, etc...? hmmmmmm...?? think about it... yep, that's right... unions AND a very large, blue-collar labor force... what is it that our elite, corporatist, super-rich overlords hate beyond almost everything else...? hmmmmmmm...? that's right... unions... who works for banks, insurance companies and investment brokers...? hmmmmmm...?? the super-rich power brokers, that's who... why would these people who are so busy feeding at the taxpayer trough pass up the chance to completely destroy the unions AND take out a large swath of the u.s. middle class in one fell swoop...? what a golden opportunity...!
don't get me wrong... i'm not favoring a detroit bailout... i'm just trying to understand an apparent contradiction... why is aig "too big to fail," but detroit, with almost three million jobs at stake, can be flushed down the toilet without a backward glance...?
just sayin'...
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i was watching cnn last evening where paulson and bernanke were testifying before congress on the bailout... this was interspersed with stories about the big three automakers also scheduled to appear with hat in hand... now, i don't know about you, but i've been watching our - taxpayers' - money being handed out by the billions to banks, insurance companies, investment brokers and damn near everybody else that passes by, and i was sitting there trying to make sense out of why, fercryinoutloud, our super-rich elites, personified by paulson and bernanke, people who've been so free with our money up to now, were suddenly so hard over against helping detroit... then it dawned on me...
what sets detroit's situation apart from the banks, insurance companies, etc...? hmmmmmm...?? think about it... yep, that's right... unions AND a very large, blue-collar labor force... what is it that our elite, corporatist, super-rich overlords hate beyond almost everything else...? hmmmmmmm...? that's right... unions... who works for banks, insurance companies and investment brokers...? hmmmmmm...?? the super-rich power brokers, that's who... why would these people who are so busy feeding at the taxpayer trough pass up the chance to completely destroy the unions AND take out a large swath of the u.s. middle class in one fell swoop...? what a golden opportunity...!
don't get me wrong... i'm not favoring a detroit bailout... i'm just trying to understand an apparent contradiction... why is aig "too big to fail," but detroit, with almost three million jobs at stake, can be flushed down the toilet without a backward glance...?
just sayin'...
Labels: $700B bailout, A.I.G., automakers, Ben Bernanke, blue-collar workers, Detroit, economic collapse, elites, financial markets, financial meltdown, Henry Paulson, middle class, super-rich
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posted by profmarcus at
11/19/2008
