I didn’t read anything about pension funds, just 401Ks, but it would make sense for the government to take over pension funds, too. That would relieve the unions of the responsibility, and cover the auto workers when the car companies cannot pay the promised benefits.
It’s pure fascism. Favored industries get gov’t subsidies and the rest who are not struggling and don’t want gov’t control will suffer. Just think of the number of companies that would be socialized if the government took over the 401Ks. The gov’t would own stock in every publicly owned company.
Union pensions coverage were sought by the Dems in the
“bailout”. I haven’t heard yay or nay?