From Open Left, one commentator put it succinctly:
A tale of two continents
In Europe, state aid is contingent on the firms preserving jobs. In the US, state aid is contingent on the firms cutting their workers wages and benefits.
The story is about government expenditures being used for the benefit of it's citizens, their workers.
France unveiled a plan on Monday to give €6 billion ($7.8 billion) in low-interest loans to Renault SA and PSA Peugeot-Citroën in exchange for promises that they won't close factories in France or lay off workers for the duration of the loans. The government also will offer €500 million in loans to auto-sector firms with operations in France.
and in Spain, FT:
Mr Sebastian said the industry employed 300,000 people, and accounted for 6 per cent of gross domestic product and a fifth of exports. He said the new "integrated automotive plan" would allow the industry to continue being a "strategic sector of the future". State aid would be denied to companies that cut their workforces without trade union agreement.
While in America, auto bail out requires union concessions.
Seems like every other nation on Earth is watching out for their citizens, their middle class, their workers....except the United States.
Isn't this the fundamental issue, multinational corporations along with their lobbyist generated policies have sucked the blood right out of the United States middle class until it's bone dry?