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and Ford, and Chrysler? GM and Ford are each burning through $7 billion every three months.
yes, they're responsible for hundreds of thousands of jobs, but where does it end?
Well.. as for bailouts, I would say that you can attach "No" to the following of any question of "Should the government bail out...".
As for GM, Chrysler and Ford, one of their biggest problems I have read is a labor force that is paid way too high in the first place (not all plants in the states, Detroit is the biggest offender due to the Unions). I read an article a while back of these companies with this problem trying to compete with small car prices. The article said they could not make the cars cheap enough to compete as they were paying their work force to build them around 33-55 dollars an hour or more as well as extreme health benefit plans and various other bonus programs. Which it suggested is why they never really took off in competition in this area.
Personally, if I were running the company, Id shut down all of the plants in the states with the abusive unions and move them to another state where the state laws protect business and employee's from these manipulative political bodies.
No on the bailout because I think that the oil and big auto CEO's and lobby truly screwed the pooch on this one...as they have for years.
As to the "abusive unions" comment from Nomander, I'm just gonna shake my head.
Nice to see that yet another American is willing to outsource job oversees....Cripes!
Isn't that a HUGE part of why our economy is wholly messed up right now?
I mean HELLO...you can't have it both ways people...
This is the path those opposed to the bail out wanted to avoid! Once you open that door... then everybody starts complaining that they did not get their "fair share"!
Should they bail them out.. absolutely not..
Should they pay for costs the automobile industry has to put out due to new federal mandates.. Absolutely. Why should the auto industry shoulder the $25Billion in costs to retrofit their company to comply with new laws that were not in place when they built the plants?
If we're going to play competitively in a global economy the playing field will naturally have to be leveled. That's kind of a given. How can the auto industry possibly compete?
Something has to give - and it may be union leaders will have to wake up fast to the new reality or face losing the industries they represent!
Absolutely not. They simply make crappier cars for more money than their competitors. If they collapse, the system is working.
But what we could do is take our foreign competitors to task for illegally subsidizing their automotive industries through currency manipulation. And if we had a health care system like the rest of the world does, our industries wouldn't be saddled with such a huge burden.
But a bailout? Hell no. If this passes, I'm going to vote Republican in 2010. If the Republicans are on board with it, well... I dunno. *sigh*
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