By Dennis Byrne
Real Clear Politics
As the future of the domestic auto industry became clearer Tuesday, it appears that an unprecedented government and organized labor partnership would end up running the companies, and if that doesn't give you pause, nothing will.
Under proposed and tentative agreements, the government (meaning us taxpayers) would own half of General Motors and an undetermined slice of a 10 percent stake in Chrysler. In addition, the United Auto Workers Union would own 55 percent of Chrysler and 39 percent of GM.
There's some poetic justice in the possibility that organized labor, which had so much to do with the failure of the domestic auto industry, could end up holding so much of the bag for the mess it helped create. But how is it that we taxpayers now would have a share of two worthless companies that months ago should have gone into bankruptcy? The not-so-funny irony....
Read the rest in RealClearPolitics.