President Obama fires the CEO of GM, and assures buyers that their car warranties will now be honored by the U.S. government. This after limiting how much money bank CEOs can make, and demonizing workers for accepting perfectly legal contracts that included bonuses, contracts that were allowed for in the legislation Congress passed and the President signed. And, from California, a move to ban the sale of black cars because they use more air conditioning and subsequently burn more fuel. Remember when they called George Bush a dictator?
We now have an administration lecturing companies on how to run their businesses profitably, while they add $9 trillion in debt to the country. This is something akin to taking lessons in seamanship from the captain of the Titanic. We're supposed to believe that these people know best?
3 comments:
Why is it everyone so upset when a CEO is asked to break his contract but no outrage when a UAW worker is asked to break theirs?
Because...the UAW contracts are not broken unilaterally. The UAW negotiates with ownership when contracts re revised. Also, the government is not breaking those contracts. It is a transaction between private parties.
Also, as you point out, the UAW is being asked to modify their contract. There's a difference between being asked and being told.
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