Wednesday, June 03, 2009

Stopping Government Motors

Hugh Hewitt reports:
How exactly is Ford supposed to bear its 'legacy costs' while GM is relieved of its past mistakes? How will the UAW negotiate fairly with Ford while realizing that every dollar bled from it is a dollar more likely to go to GM, in which the union now holds a huge equity position? How can every federal official interacting with any car company not know and act with the knowledge that the 'home team' - the president's team - is GM.
A Fannie Mae for car companies.