Yours is another angle of the same object - Communism. Sort of like the four blind men describing a elephant.
However, I am agreement with you. A part of that is the rescue of UAW, a staunch Socialism ally, and as is true with Communism in general, they and their government allies caused the problem that now needs a cash infusion.
As you know, they engineering of the Freedie Mac/Fannie Mae debacle , was to crash the economy, which the had described as awful even while it flourished, to ensure election and to also gain ownership in the banks and other financial institution who accepted their money. They also expect to own the houses and real estate they “rescued.”
Cloward-Piven