Obama declares war on auto workers

President Barack Obama's speech on the auto industry Monday was nothing less than a declaration of war against the working class. In a statement dripping with class arrogance and cynicism, he rejected the cost-cutting proposals of General Motors and Chrysler as insufficient and demanded more concessions from auto workers.

No one could be unaware of the blatant double standard that has governed the administration's response to the economic crisis. Up to $10 trillion has been handed over to the giant banks and hedge funds. These sums have been turned over, with no restrictions, to institutions whose reckless speculation was a critical factor in creating the economic crisis.

These vast funds are not going toward the production of socially useful goods and real value, but rather to bolster the bank accounts and investment portfolios of the financial aristocracy. Just this past week the administration came out in opposition to any attempt to reclaim bonuses to executives at AIG and other institutions bailed out by the government.

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