Thanks for the link Trevor. Great article. It focuses on what is ultimately at stake here. It is nothing less than a battle for political power masked as a squabble over the terms of an inevitable bailout of grossly mismanaged companies.
I for one am glad the Senate Republicans blocked passage of what was essentially a bridge loan. The administration will now be forced into tapping into the TARP fund. This will establish a precedent and the administration damn well knows it. There are some hard questions that are sure to be asked as a result, such as:
Why should the wage and benefits of unionized auto workers be given intense scrutiny while the mega compensation of the executives of AIG etc is not?
If we had health-care, they wouldn't need a bail-out. From the above linked article:
"The union head argued that in the long-run Washington DC had to take on more responsibility for providing pensions and healthcare benefits to workers. Absent that, he predicted, US automakers would ultimately become uncompetitive under the weight of their contract obligations.
"At the time, the owners pooh-poohed this idea, believing it was a step toward European-style social democracy that would undermine American capitalism. Reuther, of course, has been proven right. While Toyota and the other big Japanese companies have flourished, and while many European carmakers are on the rise, Detroit began floundering, as its obligations to retirees began to outstrip its payroll for active-duty workers. Today, part of the reason the Big Three are so decrepit is because of these debts."
Here's another look at why "Right to Work" Republicans killed this bill: http://www.commondreams.org/headline/2008/12/13-0
Good from the NY Times too: about how Detroit might make shitty cars, but does not pay $73/hr.
“Being is becoming,” and if we’re not “becoming,” we’re probably not doing much “being” either. This blog was started in a half-assed attempt at self-excavation. I have at least two unusual personality traits. The first is that I’m abnormally comfortable with ambiguity. I can happily muck about in the gray areas for years on end. This is probably why I love Seattle. The other is that I have a completely unrealistic belief in my own agency, which I tend to act upon. This blog has changed my life in more ways than I ever imagined. As my job as ED of a activist newspaper sold by homeless people, my vision for organizing, my thinking as a teacher, my history as a working-poor loser turned middle-class “advocate,” and my life as a parent swirled about me, this blog has been a path toward the center. We live in dangerous times, and the seductions to an easy, half-lived life of anesthetized materialism are all around. I have come to understand that my work is to be a revolutionary, both out in the world and within myself, turning over what is old, rotten, stale, and repressive, and building for a future where we can all find happiness and have the things we truly need.
7 comments:
http://www.guardian.co.uk/commentisfree/cifamerica/2008/dec/12/republicans-detroit-unions
Thanks for the link Trevor. Great article. It focuses on what is ultimately at stake here. It is nothing less than a battle for political power masked as a squabble over the terms of an inevitable bailout of grossly mismanaged companies.
I for one am glad the Senate Republicans blocked passage of what was essentially a bridge loan. The administration will now be forced into tapping into the TARP fund. This will establish a precedent and the administration damn well knows it. There are some hard questions that are sure to be asked as a result, such as:
Why should the wage and benefits of unionized auto workers be given intense scrutiny while the mega compensation of the executives of AIG etc is not?
Interesting times ahead...
If we had health-care, they wouldn't need a bail-out. From the above linked article:
"The union head argued that in the long-run Washington DC had to take on more responsibility for providing pensions and healthcare benefits to workers. Absent that, he predicted, US automakers would ultimately become uncompetitive under the weight of their contract obligations.
"At the time, the owners pooh-poohed this idea, believing it was a step toward European-style social democracy that would undermine American capitalism. Reuther, of course, has been proven right. While Toyota and the other big Japanese companies have flourished, and while many European carmakers are on the rise, Detroit began floundering, as its obligations to retirees began to outstrip its payroll for active-duty workers. Today, part of the reason the Big Three are so decrepit is because of these debts."
Here's another look at why "Right to Work" Republicans killed this bill: http://www.commondreams.org/headline/2008/12/13-0
Good from the NY Times too: about how Detroit might make shitty cars, but does not pay $73/hr.
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