To follow Al's last post about Detroit:
I think it's fair to say that unions have greatly contributed to the Big 3's current situation - excessive wages, pensions, etc.
They've had the same detrimental effect on public education (this is coming from the kid of two teachers no less). The lack of accountability for performance and the difficulty in firing incompetent/criminal teachers is appalling.
So now Obama wants to let unions get more power? He supports the Employee Free Choice Act (complete misnomer) - which makes it easier for unions to organize and increases penalties on employers. Sounds like a great way to jump-start the economy...
Unions had their place 80 years ago. It's time to let them die so they can't continue to hurt business and education.
Wednesday: FOMC Announcement, CPI
9 hours ago