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I read a really interesting article today by Robert L. Borosage called "Herbert Hoover Time." At the end of this blog entry I have included a link to his article.
He says, “There are defining moments in politics. By blocking the auto bailout, Republicans defined themselves. They are class warriors, willing to risk an economic calamity in order to break a union.”
This is pretty strong talk but I’m beginning to thing that it is correct. These Republicans are just fuming mad that these unionized auto workers make $50,000 to $60,000 per year. And that they actually have health insurance and a pension plan too. They wanted the workers to take an immediate pay cut of one half. To around $25,000 to $30,000 per year.
These people have families, kids in college, and mortgages to pay. Of course they would default on their house payments and go bankrupt if this was forced upon them.
The basic problem that GM has is not that their workers are well paid. The real problem is that General Motors makes shabby, morbidly obese cars which get terrible fuel economy. For years they reveled in their anti-environment greed, and now the company is dying because of it.
This is class warfare. These greedy, rich Republicans still believe in slavery. And the only ideology or morality they believe in is getting rich.
http://www.huffingtonpost.com/robert-l-borosage/herbert-hoover-time_b_150537.html
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