Could the White House have thought of that before inviting the fat cats to plunder and pillage it? (Plunder and pillage? What else do you call "de-regulation"?)
I no longer believe anything this White House or this Congress tell me about bailouts.
I mean, do I really know that the economy "can't stand" massive layoffs? No, I don't. I thought the economy couldn't stand the failure of Wall Street investment banks, too, but apparently they weren't facing ruin after all. The evidence is that they just wanted fatter bonuses. Pure Shock Doctrine at a neighborhood near you.
So now, I want those who testify before Congress to testify under oath and under penalty of perjury, racketeering, fraud, and extortion. And THEN I want their signatures on contracts stipulating restructuring for a challenged environment, prudent industrial and manufacturing reinvestments, new green jobs, fair pay checks for the workers, and their commitment to partner with the government to create and support universal health care.
This isn't about union wages. This is about the unfettered costs of health care. Get that money off the backs of US companies and families facing foreclosures (that's all of us) and our economy will be fine.