Colder by the day

I’m speaking here not just of the weather, but my feeling toward Detroit’s automakers. In its article posted this morning, The New York Times remarked, “Perhaps it is no surprise that Mr. Gettelfinger [head of the United Auto Workers labor union] would be a passionate advocate for saving union jobs and funneling $25 billion in federal loans to the beleaguered automakers.”

That “perhaps” is a priceless bit.

At this point, the only question for me is which chapter of the bankruptcy code to apply. Having said that, I am not averse to the US Government being the supplier of debtor-in-possession financing once a car-maker files for bankruptcy, but there should be no attempt by Uncle Sam to avert bankruptcy for the Big Three, and it is becoming more and more transparent by the day that attempts to scare the American people into picking up the bailout check emanate from Labor and its minions.

Bankruptcy first, financing second. That should be the government’s firm and final offer.