Though the contrast between autoworkers and Wall Street sharks with
multi-million dollar bonuses might seem good for GM in further
attempts to get bailout money, there is something else going on:
The AIG debacle has pissed off people about bailouts in general more
than ever before. The pols might react to public outrage generated by
AIG bonuses and clamp down on ALL further bailout money.
Ironically, if the "socialism for business" argument allows GM to
fail, further millions will be jobless - and without insurance.
As more and more people become homeless, the public outcry for
national health care and welfare in food and housing will increase.
I see some difficult choices ahead.
And the usual hue and cry about everything from expected quarters.