Put me in the category that believes this whole thing is nothing more than a transfer from taxpayers to the UAW.
That said, I have another question.
It rises from last year when the Defense Dept awarded a large refueling plane contract to Northrupp in partnership with a French firm. THEN there was a union eruption over “Foreign ownership”, demanding that Boeing get the contract.
Where are all those objections to Fiat? Do the unions no longer consider foreign ownership objectionable?
This is the flaming bag of dog poo that GWB left on the doorstep of the White House on the way out the door, and Zero's been only too happy to step into it. His outbursts against the senior creditors of Chrysler last week were a sign that he didn't want to have to deal with seeing a major American corporation go bankrupt during his administration, but cleverly, GWB "set him up the bomb".
Right now, he's going to preside over the slow-motion destruction of two of three major American automobile companies, and his challenge is to make sure none of the hot stinky stuff sticks to his shoes in the eyes of the UAW.