Yet another sad story of government seeking to provide for, rather than protect, its citizens liberties. When a group of people (in this case the UAW) seeks "job security" in the form of special governmental laws and provisions, not only do they ironically have less job security overall, but everyone else suffers as well.
"In a real bankruptcy, which is the natural fate of companies unable to meet their obligations, Chrysler and GM would be run (or liquidated) for the benefit of their creditors, not their workers. But, here, "pattern bargaining" will remain the law of the Detroit jungle. The UAW will continue to use its unnaturally augmented clout to extract uncompetitive pay and benefits (it can do no other given its internal incentives). As it has for 40 years, Washington will pitch in with one improvisation after another, disguised as energy policy, trade policy, health-care policy or environmental policy, to stop the rivets from popping off. Politics, especially Democratic electoral politics, will play a more dominant role than ever."
http://online.wsj.com/article/SB124096698307566437.html
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