Steelworkers and the Auto Bailout
One might ask why a Steelworker is involved in crafting the automotive bailout. There are at least three reasons.
First, during his previous career as a financier, Bloom developed significant personal expertise on the auto industry.
Second, while working for USW, Bloom authored detailed critiques of the American financial bailout. He has an analysis of how to conduct bailouts more effectively.
Third, Steelworkers have a major stake in restructuring the auto industry. Although USW does not represent auto-assembly workers, it represents workers who make the things that go into automobiles: steel, parts, glass, tires, etc. (As a result, Leo Gerard was a major spokesman for the bailout.)