May 03, 2009

Charles Erwin Wilson President Obama Says, "What's Good for General Motors Is Good for the Country"

Well, that's a bit of a scary thought isn't it? But when the current UAW contract expires do you think they'll pick GM, Chrysler or Ford as the lead or target company for bargaining? Strangely enough, I don't think the answer is as obvious as it seems at first blush, depending on just how devious you think President Obama and the UAW are.

DOWNDATE: According to Wikipedia, what Charles Erwin Wilson actually said during his confirmation hearings was:

"... because for years I thought what was good for the country was good for General Motors and vice versa".

A distinction without a difference or a subtly nuanced change that captures perfectly what has happened?

Posted by Charles Austin at May 3, 2009 01:42 PM

Extortion is such an ugly term. I prefer "economic justice" or simply spreading the wealth around.

It's good to be king, whatever it pays.

Posted by: Jon at 02:35 PM