Bailouts as a Union Busting Tool

Firedoglake asks the question:

Anyone else noticed that somehow the banks and brokerages and so on getting all the huge bailouts don’t seem required to come up with a plan for “long term economic viability”, but somehow the Big 3 do? Why is that? If it’s true that this financial crisis is such that banks can’t be expected to be viable on their own, why is it that Detroit has to be?

My best answer? Citibank is not troubled by labor unions.

One thought on “Bailouts as a Union Busting Tool

  1. Because the (oligarchs’) decision has already been made that cars will be made in the South, Mexico and Brazil, while the decision about whether or not New York continues as the world’s financial epicenter is still up in the air. Finance may well go the way of American manufacturing – outsourced.

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