The workers of Republic Windows and Doors in Chicago came out victorious from their week long sit-ins after the factory was closed due to credit crunch. Republic Windows workers had media attention and Bank of America and JP Morgan were forced to react.. The workers had a question to them: Weren't the billions these banks drawn from the Government, supposed to help the companies like Republic Windows ?
Last month when I posted about Detroit big 3, i thought they were so close to getting the money from Government. However, yesterday Republicans shot it down saying that unions needs to make more.When the republicans backed off ,Whitehouse stepped in to offer them help under TARP. As Friedman says , the investment in GM will be remembered as pouring billions of dollars into CD music business on the eve of the birth of iPods and iTunes.
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