In Senate to Middle Class: Drop Dead, Michael Moore says that the Senate could have given a bailout tied to reducing greenhouse emissions, increasing fuel efficiency or just for the simple fact of keeping a few million people working in this difficult time.
But instead, the Senate said, we’ll give you the loan only if the factory workers take a $20 an hour cut in wages, pension, and health care. That’s right. After giving BILLIONS to Wall Street hucksters and criminal investment bankers—billions with no strings attached and, as we have since learned, no oversight whatsoever—the Senate decided it is more important to break a union, more important to throw middle class wage earners into the ranks of the working poor than to prevent the total collapse of industrial America.
We have a little more than a month to go of this madness. As I sit here in Michigan today, tens of thousands of hard working, honest, decent Americans do not believe they can make it to January 20th. The malaise here is astounding. Why must they suffer because of the mistakes of every CEO from Roger Smith to Rick Wagoner? Make management and the boards of directors and the shareholders pay for this.
I understand objections to bailing out the Big Three. What I can’t understand is how there is no alternative plan offered by the luminous body of elected pulchritude that is the US Senate. What is Plan B, Senators?
Michigan has been sputtering for years … it’s burning now.