What Robert Reich said. I find it maddening to hear so much from my acquaintances about how the auto industry CEOs flew in private jets (well, those jets are owned by the corporations for the convenience of the execs - ) but not how dumping the heavy industry base will affect the entire US economy. I guess most Americans just didn't pay much attention in economics class. I'm always gobsmacked by the complaining people make about stupid decisions their leaders make, and then hear those same complaining people parrot the Big Corporate Media talking points which reinforce the dissonance. And to hear Fake News Channel talking points about the so-called "high" pay that the US auto industry has -- a lot of that accumulated cost is paying the pensions and health care for retirees and the widows of retirees. Chapter 11 would wipe out those folks' pensions. So, I want to hear from my right-wing zombie acquaintances exactly how would that be made up? Oh, those same acquaintances are opposed to "socialist" universal health care. And they wonder why I'm so dyspeptic around them :-).
Jonathan Cohn in The New Republic debunks the wingnuttery LIE about $70. Cites are located in his article. Look 'em up.
As I've read elsewhere, if I was the CEO of GM, I'd be flying to China right now to sell the company to the Chinese.
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