“Where Would General Motors Be Without the United Automobile Workers Union?” asked George Reisman back in 2006. The answer, as everyone outside the Obama Administration or the offices of the New York Times now understands, is: “probably still in business.”
The irony is that the United Automobile Workers will partly inherit another company they helped to destroy. And, while
Entirely predictable, the unintended consequences of nationalization of GM and Chrysler will still come as a surprise to Obama partisans and the media.
Go figure.
Meanwhile, the Australian taxpayer will continue to subsidise Australasian Holden buyers, just as they have for decades.
No comments:
Post a Comment
We welcome thoughtful disagreement.
But we do (ir)regularly moderate comments -- and we *will* delete any with insulting or abusive language. Or if they're just inane. It’s okay to disagree, but pretend you’re having a drink in the living room with the person you’re disagreeing with. This includes me.
PS: Have the honesty and courage to use your real name. That gives added weight to any opinion.