“Shows what happens when you put those who cause in charge of the fix”
Yep.
Also, all the industries must talk down their own future because the bailout and Paulson’s broad talk about it encouraged hopes they can get government money—if they are in “trouble.”
So they have to talk down the future.
On the disinformation line of attack, management is claiming “unions” won’t let them go into bankruptcy to reorganize. Bunk. They don’t want to admit bankruptcy will kill executive pay and bonuses. Creditors might boot out upper management altogether too.
When you have 4 times as many people on the dole as you do on the payroll, you have a problem. Everyone knew that the UAW contracts were not sustainable.