If Obama follows through (I am very doubtful), and actually puts the companies into bankruptcy, I'll be awfully impressed--it's hard for any president to give up Michigan, but especially for a Democrat who wants labor support.
So then the question is, what next? Which brands go?
Buick, for sure, and Pontiac.
Which plants close? And what is the government going to do to help autoworkers? They're not just out of a job--they're stuck in a state that will be absolutely devastated by these closures. Their houses will be worth almost nothing. What do you do with a 50-year-old auto worker who has lived in a factory town all his life?
There isn't another option, unfortunately. But the death of the UAW will be a good thing for the country.
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