Sunday, December 07, 2008

Depression Era Tactics


We have really hit the shit now people. Labor is dusting off tactics that they haven't used since the bad old days of company towns and anarchists. Laid off workers have occupied a factory in Chicago. They were given short notice of the closing of the plant and are attempting to get the severance and vacation pay due to them. This is actually connected to the $700,000,000,000.00 bailout because one of the banks that got assistance from the Treasury is the bank that finances this company that employees these workers and said bank refuses to loan the company the money it needs to keep up with its payroll, forcing it to close its factory doors. Which is exactly why there needed to be better controls put on this massive act of corporate welfare so that Paulson wasn't left with the sole option of begging the banks to not horde the cash but deploy it. Because if they won't spend the money then the bailout can't serve the purpose it was authorized for.

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