Despite the President's assurances that he does not want to be in the car business and that "we cannot make the survival of our auto industry dependent on an unending flow of taxpayer dollars" , in just a few hours, you, the taxpayers of America, will own General Motors. Tomorrow, GM will...
Posted to
AIP Blog
by
Despina Karras
on 05-31-2009
Filed under: economy, capitalism, government spending, automobile, Chrysler, car company, detroit, UAW, auto industry, economic crisis, taxpayers, corruption, bailout, business
Unless you've been living in a bubble, you know that the UAW (United Auto Workers) is now in control of 55% of Chrysler stock as part of their agreement with the White House and the Bankruptcy courts. So it would seem that the UAW would then in effect be running the Chrysler Corporation, not so....