Brilliance on the auto bailout from Mark Steyn
Posted by Liberty on December 22, 2008
According to Mark, “Route 66 is looking ever more like a one-way dead-end street to Bailoutistan.”
And, he points out:
“General Motors, like the other two geezers of the Old Three, is a vast retirement home with a small loss-making auto subsidiary. The UAW is the AARP in an Edsel: It has three times as many retirees and widows as “workers” (I use the term loosely). GM has 96,000 employees but provides health benefits to a million people.”
I love Mark Steyn’s learned perspective and smart, satirical humor. Great article!
This entry was posted on December 22, 2008 at 9:59 am and is filed under Liberalism, Main Stream Media, Socialist economics, Union Thuggery. Tagged: Bailout, Mark Steyn, MSM, The Big Three. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.