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so overnight the senate deal on a short-term bailout/loan for the "big 3" collapsed.
it seems there are a few main explanations, but the main one is: the senate republicans are playing chicken with the automobile industry because they want to use this to fuck over the uaw.
i find this to be a shocking development to wake up to this friday morning.
what do you see as happening next?
there's little doubt that the central problem has been at least stated outright by members of congress over the past week or so--what detroit is actually asking for is a coherent federal-level industrial policy---but the way in which this has been managed, and its timing, seems to have also been an attempt to use the context created by october/november's ad hoc reactions to collapse in the financial sector to get help with fewer rather than more restrictions. given that one cannot simply conjure an industrial policy--rather it really needs to be thought out--and given the situation, i actually thought that the only real alternative was the alternative that seems to have been done in by the senate republicans---split the immediate from the shorter term, and add this to the transition tasks--to develop such a policy and propose an administrative arm. the
"car czar" seemed a really stupid idea, a stop-gap....
what now?
i expect the administration will act unilaterally as the consequences of a collapse of the automobile industry are too high.
but i am amazed that the right's desire to use this to fuck over the uaw would result in this...
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a gramophone its corrugated trumpet silver handle
spinning dog. such faithfulness it hear
it make you sick.
-kamau brathwaite
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