The Wall Street Journal the other day had an article about the leaders of President Obama’s Auto Task Force, none of whom have any experience in the auto industry.
If I were trying to overhaul the medical industry I think I’d hire a few doctors.
Obama’s deep concern for the future of GM and Chrysler is touching. He certainly wants to avoid bankruptcy because the first thing that GM and Chrysler will do in Chapter 11 is cancel union contracts.
Since the unions are a major supporter of President Obama and the Democratic Party it would not be a wise move to let their contracts be canceled. God forbid, GM might even move factories to Right to Work states and pay the same salaries as Toyota, Honda, and