Michael Moore on the failure of the auto bail out.

I'm up later than normal (clocking in at 12:05), but I enjoyed reading Michael Moore's comments on the failure of the auto bailout. His comments below are similar to my feelings on this matter and I think his relationship to the auto industry and labor history adds a valuable perspective:

"the Senate said, we'll give you the loan only if the factory workers take a $20 an hour cut in wages, pension, and health care. That's right. After giving BILLIONS to Wall Street hucksters and criminal investment bankers—billions with no strings attached and, as we have since learned, no oversight whatsoever—the Senate decided it is more important to break a union, more important to throw middle class wage earners into the ranks of the working poor than to prevent the total collapse of industrial America."

Daily Beast