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Bush End Game
George W. Bush's presidency since 2007

Bush - Second Term
George W. Bush's presidency from 2005-06

Bush - First Term
George W. Bush's presidency, 2000-04

Who Is Bob Gates?
The secret world of Defense Secretary Gates

2004 Campaign
Bush Bests Kerry

Behind Colin Powell's Legend
Gauging Powell's reputation.

The 2000 Campaign
Recounting the controversial campaign.

Media Crisis
Is the national media a danger to democracy?

The Clinton Scandals
Behind President Clinton's impeachment.

Nazi Echo
Pinochet & Other Characters.

The Dark Side of Rev. Moon
Rev. Sun Myung Moon and American politics.

Contra Crack
Contra drug stories uncovered

Lost History
America's tainted historical record

The October Surprise "X-Files"
The 1980 election scandal exposed.

From free trade to the Kosovo crisis.

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The Great Autoworkers' Gamble

May 3, 2009

With Chrysler in bankruptcy and General Motors facing a similar prospect, the Obama administration is gambling much on the hope that a streamlined U.S. auto industry can survive.

However, New School economist Richard Wolff says the proposed restructuring is a bigger gamble for autoworkers who have agreed to trade their health care funds for risky shares in the revamped companies.

(The story summary continues below.)

More at The Real News

Wolff says the many union givebacks – especially the prospect of new younger workers hired at about half what older workers now make – could have dire consequences for the larger American economy as fewer and fewer workers can afford a middle-class lifestyle. is an independent news network that produces stories of global interest. 

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