Car Crash I

Obama has not the slightest interest in advancing the interests of US auto companies. He and the Democrats are only concerned with the automotive workers union. The bailout they craft will be a sop to the UAW. If they wanted to help the companies, they would have advocated relaxing CAFE standards and eased other regulation. Democrats have in the event done the exact opposite. The legacy costs and capitulation to UAW demands have created a situation where the bailout will only forestall the reckoning, and either the Big Three will be absorbed by foreign auto makers with union contracts ended, socialized outright, or owned by the workers.