Two hundred workers are staging a sit-in at a Chicago factory after the Bank of America cut off the company's credit. The bank got $25 billion in taxpayer funds, but the workers only got three days notice of termination. Now they're symbolic of the double standard for federal bailouts of Wall Street compared to other sectors of the economy. The factory is in the former state senate district of President-elect Barack Obama.
Federal Bailouts and Double Standards
Credits
Guests:
- Harold Meyerson - Editor, The American Prospect; and Columnist - @haroldmeyerson
- Philip Levy - American Enterprise Institute
- Scott Paul - Alliance for American Manufacturing - @ScottPaulAAM
- Daniel Ikenson - Associate Director of the Center for Trade Policy Studies, Cato Institute