So how's that auto bailout working for you?
From the article:
The whole auto industry bailout process was rushed through with the wrong primary motivation of protecting the politically powerful UAW's interests. The Obama Administration never considered that giving Chrysler to Fiat was not a great idea and could eventually hurt the same UAW workers it was trying to protect. Manufacturers like Chrysler and GM are at a competitive disadvantage due to UAW obligations that were not properly addressed in the bankruptcy process. The industry is more competitive than ever and the government does not seem to be the best innovators to lead the sector to real health. This truth is very likely to become more apparent when the political season ends.
Yeah. Great idea, Mr. President. You saved a lot jobs, in China and Italy.
See the entire article here:
http://nlpc.org/cached/fiat-says-chr...may-move-italy