Quote Originally Posted by Hermod View Post
Only because Delphi had the power as a significant supplier. The small suppliers all around
Detroit who didn't have the power to "shut down the assembly line" got stiffed on their receivables by the bankruptcy court. A lot of them went under. The suppliers got stiffed in favor of the GM and Chrysler employees retirement and medical. They would have stiffed Delphi as well except that Delphi had the clout to destroy the settlement by cutting off parts to GM and Chrysler [[stiff me and all of us go down together). It was as if Delphi went on strike. Obama folded and didn't call them on it.
...which points up again the fact that the auto bailout was first and foremost about Democrats looking after their long-time supporters. It's taken me some years to realize the truth, which is that the bailouts that I had welcomed should not have been. UAW was saved while non-UAW labor as well as many others were screwed.bailout was less about America and more about cronyism.