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Promoted to Headline (H3) on 11/24/08:     Permalink
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Idiots and Bailouts

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And of course, with the rest of us suffering from the massive mismanagement of the nation’s economy by its corporate leaders and their puppets in Washington, there’s no reason why our tax dollars should be subsidizing those particular workers tat that high a level. After all, companies are failing and will be failing all over the place, without such largesse. Besides, if the bailout goes ahead, all it will do is delay the time these workers will be out on the street anyhow.

The point is, however, there are more cost-effective ways to help out workers in failing businesses than to have the government simply subsidize the continued operation of enterprises that have been destroyed by management. In truth, all the talk in congress and in the Obama camp about rescuing jobs is just a cover for bailouts that are really aimed at rescuing managers and investors, not workers.

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DAVE LINDORFF is a Philadelphia-based journalist and columnist. His latest book is “The Case for Impeachment” (St. Martin’s Press, 2006 and now available in paperback edition). His work is available at www.thiscantbehappening.net

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Dave Lindorff is a founding member of the collectively-owned, journalist-run online newspaper www.thiscantbehappening.net. He is a columnist for Counterpunch, is author of several recent books ("This (more...)
 

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Where does one apply by mhenriday on Monday, Nov 24, 2008 at 11:54:36 AM
Its about the workers not the idiots by Steve Windisch (jibbguy) on Monday, Nov 24, 2008 at 1:17:28 PM
Bailout Illusions by Rafe Pilgrim on Monday, Nov 24, 2008 at 3:45:36 PM
Idiocy or Greed? by Mark_T on Monday, Nov 24, 2008 at 4:43:42 PM
Bad Actors Dominate Automotive Drama by Jason Paz on Tuesday, Nov 25, 2008 at 7:18:52 AM
Yikes we is in trouble by Michael Chavers on Tuesday, Nov 25, 2008 at 4:45:29 PM