Which is why Bush should have done this. He should have forced a real Chapter 11, not this phony UAW bailout in disguise. The billions down the drain are in the future as well as the past. And if you think this is bad wait until GM files.
This smells very stinky...it should be called the UAW Pay for Play, the Chitown Way. And where does the US Treasury find that $5 BILLION to dump into the UAW Pension Funds, oh right from the US Taxpayers who have refused to buy the crappy Chrysler products produced by the UAW thieves.
This pre-packaged bankruptcy is just this side of fascism. When the government reaches their hand into the wallets of taxpayers to subsidies a company (only because that company employs a massive DNC lobby), it's fascism.