I agree with you Winnie. As long as the U.S. Government spends billions on military equipment, there will be American companies figuring out how to make a profit on it. Here are some comments from one post-mortem article that may be of interest. It includes some comments on the Corker amendment.
"The final bill closely followed a compromise proposal pitched by Sen. Bob Corker (R-Tenn.), which would have required automakers who accepted federal aid to reduce two-thirds of their outstanding debt through an equity swap with bondholders. Corker?s plan would also have required that labor costs at participating companies be brought on par with foreign competitors such as Nissan, Toyota and Honda.
Senators said the final impasse was over that last provision, between the United Auto Workers (UAW) union and Senate Republicans. The UAW resisted to a specific date by which they would agree to ?wage parity,? while the GOP was insisting on a more immediate date in 2009."
"The final bill closely followed a compromise proposal pitched by Sen. Bob Corker (R-Tenn.), which would have required automakers who accepted federal aid to reduce two-thirds of their outstanding debt through an equity swap with bondholders. Corker?s plan would also have required that labor costs at participating companies be brought on par with foreign competitors such as Nissan, Toyota and Honda.
Senators said the final impasse was over that last provision, between the United Auto Workers (UAW) union and Senate Republicans. The UAW resisted to a specific date by which they would agree to ?wage parity,? while the GOP was insisting on a more immediate date in 2009."
