Topic: Pension Bailouts

A new media meme suggests the possibility of nationalizing the news industry as newspapers face financial collapse. The hosts compare this to the ongoing bailout of General Motors, which is heading toward bankruptcy despite receiving billions in government funds. They discuss the burden of retiree pensions on American automakers' competitiveness.

The push for a $50 billion bailout for the U.S. automotive industry is driven by the need to protect United Auto Workers (UAW) pension funds. While some argue for bankruptcy to force change, the political pressure on President-elect Obama to support the unions makes a massive federal intervention likely to prevent a "pensioner disaster."