Saturday, November 15, 2008

Now is the Winter of their Discontent

From WSJ:

Bush administration officials have resisted Democrats' calls to use funds from the $700 billion financial rescue plan on the auto makers, and have said public dollars should be used to ensure a company's long-term viability.

Executives of GM, Ford Motor Co. and Chrysler LLC, along with leaders of the United Auto Workers union, are expected to testify at a hearing of the House Financial Services Committee next Wednesday.

Personally, I look forward to the upcoming cognitive dissonance facing the ideologists who often both love the privileges and protections afforded to labor unions while loathing corporate welfare. There will be mounds of such dissonance in the upcoming months as we watch congressional hearings that feature UAW leaders pleading for such welfare, it is a monster of their own making.

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