Bailout for Bloated Union Contracts | OpenMarket.org

Bailout for Bloated Union Contracts | OpenMarket.org

"The [proposed auto] bailout is similar to the failed British auto bailout of the 1970s, which destroyed whatever chance the British auto industry had left to survive by diverting its focus from producing good cars at low cost to providing inflated wages for Big Labor and manufacturing vehicles that pleased government planners but not consumers (akin to liberal lawmakers' demands that U.S. automakers produce 'green' vehicles as part of the bailout)."