Robert Reich: a voice of sanity on the auto bailout

Robert Reich injects some much needed sanity into the auto industry bailout debate. Can someone please tell me why isn't he one of the many Recycled Clintonites joining the Obama administration?

I disagree with just one of his many otherwise great points, his contention that:

GM's creditors, shareholders, executives, and workers [my emphasis added] should have to make substantial sacrifices before taxpayers should be expected to sacrifice as well.

As one of the commenters on Reich's blog smartly pointed out, the UAW already made considerable concessions in its 2007 contract. Detroit's executives, creditors, and shareholders should certainly have to sacrifice, but not their workers, in my opinion. Doesn't that defeat the purpose of an auto industry bailout, which ought to be, in my opinion, saving the many good paying jobs at these companies that so many communities in the mid-west depend on?