August 17, 2012
Timing is Everything

They told me, if I voted for John McCain, corporate fat-cats would have a revolving door for bailouts, and they were right! When the first bailout came around I remember reading this was the start of a standard demolition of a heavily unionized large company. Subsequent bailouts, and there would be more, allow executives and union bosses to give successive waves of workers a soft landing until the business, and its union, is too small to rattle the cages of their captive politicians.

Fair, you say? The result of a union doing the right thing to irresponsible executives? Maybe. I see it more along the lines of "forcibly taking my money to reward irresponsible behavior and bad decisions." But you already knew that.

Posted by scott at August 17, 2012 08:21 AM

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