Yup. It appears as though manufacturing is about to get the rubber fist up the ass treatment next from Obama. He is set to name Ron Bloom to be his "Manufacturing Czar".

Who is Ron Bloom? Why, he is another union hack who, as Just a Grunt over at JWF points out, has a long history of hammering businesses, with the auto industry the most recent victim of Bloom's tactics.

Also at the hearing, Bloom denied that the government had coerced Chrysler's debtholders into dropping a legal protest that they were being treated unfairly in court. Some holders of $6.9 billion in secured Chrysler debt initially protested that they were being pushed behind unsecured creditors such as the United Auto Workers union's retiree health care trust.

But the debtholders dropped their protests after receiving $2 billion in cash to wipe out their debt.

Posted by: eddiebear at 11:45 AM | No Comments | Add Comment
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