David Harsanyi on the Failure of the Auto Bailout


GM's labor costs, estimated at $56 an hour, still are higher than any of its competitors, writes David Harsanyi. Since the Obama administration cajoled the normal bankruptcy hearings and eradicated the pensions of nonunion workers to ensure union success, employees, like the ones at Delphi, the auto parts manufacturer and one-time GM subsidiary, took it on the chin while $26 billion of taxpayer funds were used to keep United Auto Workers in a secure position.