Q. Why is handing out hundreds of billions of dollars in taxpayer funds OK if the recipients are Wall Street corporations but not OK if they are Midwest automakers?
A. Automakers are unionized.
As discussion about the Detroit auto industry’s requests for a bridge loan roils throughout the media, a strikingly class-based argument has emerged by Republican ideologists, Big Business apologists and others who oppose saving America’s automakers. Here’s The Jed Report’s take on one such example, that of Republican Rep. Zack Wamp, who seems to have forgotten that his own health care, retirement benefits and other “legacy” perks are paid for by U.S. taxpayers. continue reading