Wednesday, May 27, 2009

Chrysler Bailout

Obama seems to have come down on the side of union employees and against the long established rights of investors for Chrysler. One wonders whether Obama has an understanding of investments. Capital, labor, materials, and ideas are all needed for societal improvements. These must be balance in the rewards afforded each of these legs. Taking away the traditional rights of investors may lead to problems.

http://business.theatlantic.com/2009/05/washingtons_short-sighted_action_may_haunt_unions.php

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