Former presidential candidate Ralph Nader has issued a press release on the occasion of today’s General Motors bankruptcy filing, scolding Congress and the “secretive, unaccountable, Wall Street-minded government task force” whose judgment it deferred to as the architects of needless hardship for thousands of GM stockholders, workers and consumers. Calling the proposed reorganization a “complex political nightmare” for president Obama, Nader goes on to call for three specific measures which he believes, along with other actions, would soften the potential devastation:
revisiting the serious drag-down, concessionary wage terms imposed on the United Auto Workers; demanding a moratorium on GM’s outsourcing of production of cars for sale in the United States; and establishing successorship liability for the new GM, so that victims of dangerous and defective GM cars can have their day in court.
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