Rachel talks to David Cay Johnston about the bailout doing nothing for those needing help with foreclosures and allowing the banks to get a free ride while preventing the unions from striking and the banks that were supposed to be too large to fail being allowed to combine and get even bigger.
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As concerns the auto industry bailout, I see a problem in logic. The government is lending the corporation the money to keep going. It is not lending the unions and workers the money. It is lending the money to the corporations. The corporation and workers are not one and the same. Furthermore, exising Federal laws on the books prohibit limiting the rights of unions and strikers.