- Top Features:
- War Room
- Glenn Greenwald
- Broadsheet
- Joan Walsh
- Camille Paglia
- Since You Asked
- Follow Salon:
Read other letters about this article
Let's face it...this was was entirely about overpaid blue collar labor costs...a big issue for corporations and the Republicans are continuing in the second strike against labor that started with Reagan destroying the air traffic controllers union with the PATCO strike debacle...This is war on the unions. Bush himself signed a new law banning collective bargaining for national security jobs including ATF, Coast Guard, Homeland Security, Dept. of Energy, etc.....no unions for them. This is just a red herring....
However, not a word about the overpaid managers of the banks (especially the investment banks) and their billions in profits....were they required to immediately agree to a bonus freeze this year? How about no dividends paid until the gov. bailout money is paid back? No... This is only about union labor and the costs of doing business....top level compensation stays unaffected here....just money going to the bottom half.
Yes....class warfare on a major level - wielded with overwhelming force by the highest financed class... But then GM paid 10Million in Lobbying and Ford/Chrysler 5 Million on this bill...what did the UAW throw in for lobbying? Money Pays for the best government we get....at least for the highest bidder. Corporations will always have deeper pockets than Labor ever will...and the sense of fairness gets lost on all of us...
And why not just require the banks that accepted the money from TARP to each pony up a share - it's there for loaning, and it's govt. money....No instead, companies like GE Finance by aircraft from CACC (Chinese aircraft manufacturer) with US taxpayer money, instead of from Boeing-Douglas or Northrop or any other US manufacturer. Where's the outrage over that?
