lets face it, until the unions are broken and auto workers and other workers are making minimum wage, the government, republicans, and many democrats will not be happy.....Wagoner will not have to rely on unemployment insurance
http://www.abcnews.go.com/Blotter/story?id=7208201&page=1nor will any other executive or politician. so, why should they care about losing a job. Who suffers in the long run: the same people who made it possible for wagnoer to walk away with 20M....and for executives to float safely away on their golden parachutes, the working people, the people who create the wealth.
Obama announced that his auto task force had rejected the turnaround plans submitted by the two Detroit automakers, saying "neither goes far enough" in slashing costs and restoring profitability. He demanded that the companies "fundamentally restructure" their operations, saying this would require, among other things, "workers who have already made painful concessions to make even more."
The administration is using the threat of bankruptcy to extort the maximum in concessions from auto workers. It has already moved to guarantee the auto companies' warrantees and shore up their suppliers in preparation for pushing GM and/or Chrysler into Chapter 11 bankruptcy, where a judge could tear up existing labor agreements and free the companies of their pension and retiree health care obligations.
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http://www.wsws.org/articles/2009/mar2009/auto-m31.shtmlObama declares war on auto workers
President Barack Obama's speech on the auto industry Monday was nothing less than a declaration of war against the working class. In a statement dripping with class arrogance and cynicism, he rejected the cost-cutting proposals of General Motors and Chrysler as insufficient and demanded more concessions from auto workers.
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http://www.wsws.org/articles/2009/mar2009/pers-m31.shtmlP.S. THIS IS NOT OBAMA BASHING...
some Duers do not like the negativity about Obama on this site. it is ,however, Obama policy bashing....