The United Auto Workers pushed and pushed and finally they got to a point where they were making unreasonable, unprofitable, even impossible demands on the car companies which employed their members. The US car companies would have gone under completely but Uncle Sugar stepped in and bailed them out.
President Obama is reportedly threatening to veto a short-term national debt limit increase, saying "Don't call my bluff." He is now in the middle of the process of cutting off his own nose to spite his face, just like the UAW did. But the President is forgetting (or intentionally ignoring) that there is no Uncle big enough to bail out Uncle Sugar himself.
Wednesday, July 13, 2011
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