Bush should have done this. How many billions down the drain?
“Bush should have done this. How many billions down the drain?”
Have you read the plan? It’s not a bankruptcy - it’s a UAW bailout with a “bankruptcy” label. Taxpayers pay for the UAW health and pension benefits. It’s an outrage.
So now YOU the people can keep on paying the retirement benefits for overfed, underworked, overpaid auto makers in Detroit that rode their pony into the ground!
The devil is in the details. What guarantees are they really given the UAW? Are they saving the UAW at the expense of the lenders?
The Treasury Department is preparing a Chapter 11 bankruptcy filing for Chrysler
Is appalling.
Treasury has an agreement in principle with the United Automobile Workers union
Who cares? It's Chrysler's business and Treasury should have no say in their bk decisions.
Bush? Carter should have let it go down the drain in 1977.