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Politics : American Presidential Politics and foreign affairs
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To: TimF who wrote (44541)8/7/2010 3:53:34 PM
From: tejek  Read Replies (2) of 71588
 
GM could have shed its debts in a normal bankruptcy. What Obama did was give a handout to the unions, by forcing the other creditors to accept less favorable terms. He didn't save any company (and if he did, if the company would not survive without government handouts, then the company shouldn't be saved), he lavished favors on one of his special interest constituencies, a union.

First of all, it was not Obama who benefited the unions but rather than the BK judge.

Secondly, why do you always come out in defense of impersonal corps. instead of the American worker? Why should corps. benefit more than the average American?
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