I'm happy to see Big Three scrutinized (heard of jet-pooling?), but what about this double standard of throwing money without a plan at Wall Street--where banks only have to fill out a two page application form--while refusing to bail out a key manufacturing industry. Wall Street is using billions in bailout funds to pay their bonuses, while 3 million manufacturing jobs will go down the drain. Excluding the few who voted against the big bailout, the organized opposition to the bailout sees and is seizing a tremendous opportunity to destroy the unionized manufacturing sector.
Pat Buchanan, obviously interested in preserving America's manufacturing base, made this point today on Morning Joe. The death of manufacturing will destroy the middle class. The industry has already lost millions of jobs that have been replaced by Walmart service jobs. Is this not a clear example of class warfare? The cost to the economy will be high, but just think of the disciplined labor force!