By Cliff Montgomery – Apr. 30th, 2010
No honest person liked the federal government’scorporate bailouts of 2008-2009. But we at theAmerican Spark feel the special animosity somepeople exhibited toward the bailouts of U.S.automakers had a good deal to do with the factthat those businesses are highly unionized.
In short, some people became fiercely upset thattaxpayer dollars may have helped union workers–certainly the idea seemed to make them far moreangry than when our tax dollars were used solelyto bail out the Wall Street bigshots who createdthe economic mess.
But if they thought this was some ‘union giveaway’, they needn’t have worried. They’ll be happy to know thatordinary Americans were given a raw deal here, too.
“The General Motors [GM] flameout has been a disaster for blue collar Americans working on assembly lines,”pointed out the American News Project (ANP) in June 2009.
“Out of 123,000 GM workers left in North America, 20,000 are scheduled to lose their jobs,” added ANP.
In other words, at least one of every six workers has been forced to pay for the GM slide, which was chieflybrought on by the mismanagement of its corporate bosses.
“Meanwhile, the Auto Task Force appointed by President Obama to oversee the [restructuring] process is ledby Wall Street financiers focused on turning a profit and boosting stock prices,” the news service stated.
ANP was a top-notch, independent news source that since has merged with The Huffington Post InvestigativeFund.
