Grand Theft UAW: Chrysler & GM Bankruptcies
Friday, May 29th, 2009
When President-elect Barack Obama met with then President George W. Bush at the White House last November they spoke of providing short term liquidity for the beleaguered auto industry. Conveying the hopes of Obama, John Podesta reported
“He’s hopeful the government will look for additional authority to deal with the short-term liquidity crisis … and get onto a program and a plan that would ensure that the auto industry can … continue as … independent companies …”