December 20, 2008

MICKEY KAUS on Bush’s bailout deal: “How does the UAW’s Gettelfinger get away with saying these terms are ‘singling out workers’? The deal calls for creditors to convert two thirds of their debt into equity. There are also limits on executive compensation. Maybe they’re mostly toothless in practice–but the terms directed at the UAW are explicitly toothless. . . . As far as the UAW is concerned, this was not a change election!”

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