Bruce Baumauer News Today

Business, if they cant make it, we need to let them go belly up. there were other people who said, look, were facing the biggest credit crisis this country has faced since the great depression. they cant borrow the money they need, should we let them go bankrupt because they are in this kind of problem when the entire countrys financial situation -- financial industry is having this kind of problem. and thats -- i think it was, you know, a legitimate decision to say were going to lend them that ...

Will be cut back and places will be furloughed and youll be rehired in, so people had a real ear for when someone says something on the campaign trail, like, theyre closing down your plant. >> well, bruce works with a local -- i used to know when i was in toledo a guy named oscar bunch who was the head of the local there before bruce and oscar, great trade unionist, used to say that my people in the plant have been through so many cutbacks, so many layoffs, so many closings many bumped into othe...

Weve added since they hit bottom in 2009 weve added 250,000 jobs in the auto industry in the united states, including parts and manufacturing -- you know, including small parts. but that has been the success, and we have to accept that. trying to tear that down its just not factually correct. >> heres my question and this goes to you, bruce, i was talking to someone in finance yesterday who was involved in watching this process unfold from the financial perspective in terms of making bets on whe...

Really terrible, terrible things. i think bruce will back that up, that there are people whose lives are so wrapped up in having this work in towns that dont have a lot of other options, you play with this kind of stuff, you play politics with this, youre in a dangerous game. >> bruce? >> i think actually thats what happened, i think it backfired when the comments first came out last weekend there was that real fear throughout the community for two or three days. but now that its been cleaned ou...

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