Obama’s Auto Plan: Workers’ Control or Bosses’ Management?
President Obama has just passed the 100 day mark of his term in office. What a difference a few weeks makes! Even though GM and Chrysler have already been given millions in public money, Chrysler has now been allowed to go bankrupt. All of its plants will be idled until it emerges from bankruptcy. And despite putting forward the option of a UAW “ownership stake” in GM and Chrysler, Obama is at the same time addressing auto workers with the cold vocabulary of Wall Street: Viability, Profitability and Liability. And these words are not hollow.