Friday, December 12, 2008

The Auto Thing

I can't believe the whole auto industry bailout fiasco. I mean, I don't know a thing about it, but I can't believe Republicans are blaming unions for not cutting wages or benefits (and I bet you 14 billion dollars it's the benefits that people are really worried about) by whatever date they say without demanding any cut in the compensation to the CEOs or the uppermost level of management.

According the Elizabeth Kolbert's Talk of the Town piece in the The New Yorker (12/8, and no the first "the" is not a typo), the head of Ford, who made 20 million dollars in 2007, swhen he was asked if he'd take a dollor for his salary next year s aid he was comfortable with his compensation level. Great. Did talks break down because of that? Not so much.

Sure, bank presidents should be forced to take one dollar in salary, or at least cap their salaries at, like, a million dollars, which is about the same to them. But bailout burnout doesn't mean the Republicans then get to blame workers for the failure of overpaid management or, more to the point, the failure of this country to enact any kind of comprehensive health plan in the last 40 years. It's really unbelievable. Who are these people?

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