Site for Free Markets and Free People

Friday, December 12, 2008

UAW Says No Thanks

The situation can't be that dire for the Big 3 and its auto workers. If it were, the UAW would not have opposed wage reductions as a precondition for bailout funds. Since they adamantly refused, one can only surmise that they prefer the alternative to a Washington bailout.

One interesting comment from Harry Reid:

"I dread looking at Wall Street tomorrow. It's not going to be a pleasant sight."

Since when has Reid given two thoughts about Wall Street? Aren't they just a bunch of evil, corrupt, greedy, overpaid villains? If Reid really cared about Wall Street and the stock market, he could lower income taxes, extend the existing Bush tax cuts, or lower capital gains and dividend taxes. He could also refuse the nationalization of health care, the carbon tax and many other anti-business programs his party is pushing.