It’s the retirees, stupid

It will now be interesting to see how the union’s investment does when the Obama administration forces our auto companies to develop and produce green cars, that consumers won’t want, in response to a fictitious global warming crisis.

Update — Richard Baehr adds:

Throw in the fact that Chrysler has 46,000 active UAW workers, and 250,000 retired UAW workers, drawing very rich pensions and health benefits. In essence, these companies are being kept alive not for current workers’ benefit (and certainly not because consumers demand their cars) but for the benefit of the retirees.