General Motors, Ford, and Chrysler all have come begging at the federal trough for a series of bailouts. In recent weeks, Democrats have made it clear what they will demand in exchange for the bailout cash: more attention to fuel-efficient cars, fewer gas guzzlers, more research into alternative-fuel-powered cars, and other green efforts.
It’s also obvious what the Democratic Congress won’t demand of Detroit—they won’t call on the Big Three to significantly renegotiate the absurdly generous pension plans the unions demanded and irresponsible past CEOs agreed to.
Friday, November 28, 2008
Obama Thankful for Bailouts and Added Power
My November 28, 2009 column: