groosome

Detroit's Big Three and the Democrats' Economic Illiteracy

The author of this article does not have all the facts. He sole purpose is to bash the unions. He would be happy if all hourly workers made min wage and had no benifits. leaving all that saved money for the execs. How come the Auto Companies were doing ok until the mismanaged banking industry lost more money in one weekend than anybody could imagine. He does not mention that the financial "crisis" took away over 40% of the auto sales -duh- or that it shut down the credit sources that they relied on .
Why did the banking industry write so many loans to people who could not ever repay them, perhaps GREED?