Kaus: PATCO in reverse

Mickey Kaus nails it.

Requiring painful, bankruptcy-style reopening [of UAW contracts]¬†would set a cautionary precedent. Just as Rick Wagoner’s removal will warn timid management, it would warn unions that their function isn’t to squeeze the absolute maximum possible from their companies every moment. They need to leave enough of a margin of error so that in a downturn their industry doesn’t have to come running to the taxpayers.¬†

But of course that’s not what Pelosi and Reid are trying to achieve, is it?


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