The debate standing on center stage today takes the form of a $25 billion bailout for the auto industry. The legislators who back the bailout do so out of a great deal of desperation, because without this bailout, the bullying power of the auto workers union will enter a bright media spotlight. For those who don't have exposure to unions, I can personally tell you coming from a family of steelworkers that the people who run unions have lot of power and use it to intimidate the lives of union workers in ways that make Tony Soprano look like a boyscout. If any one of the Big Three file Chapter 11, any restructuring will remove power from unions, and a lot of dirty laundry will enter the public eye and expose the politicians on Capitol Hill who have supported and taken money from the UAW (United Autoworkers' Union).
This opinion piece features a writer who comes from a family of generations working in the auto industry and many levels, and sheds the most light on the subject that I've read or seen in any media coverage of the past months. Link: Auto Bailout is Like Sending Arsonists to Fight Fires
Bailing out the auto industry now most likely postpones the inevitable collapse after spending a lot of taxpayer money.
Does anybody else think it strange for auto manufacturing company CEOs to travel to Washington, DC asking for the bailout in their corporate jets?
Does anybody else wonder how American auto manufacturing companies incurring expenses of $78/hour per employee can compete with foreign companies incurring expenses of $38/hour per employee.
Who get's bailed out next?
This opinion piece features a writer who comes from a family of generations working in the auto industry and many levels, and sheds the most light on the subject that I've read or seen in any media coverage of the past months. Link: Auto Bailout is Like Sending Arsonists to Fight Fires
Bailing out the auto industry now most likely postpones the inevitable collapse after spending a lot of taxpayer money.
Does anybody else think it strange for auto manufacturing company CEOs to travel to Washington, DC asking for the bailout in their corporate jets?
Does anybody else wonder how American auto manufacturing companies incurring expenses of $78/hour per employee can compete with foreign companies incurring expenses of $38/hour per employee.
Who get's bailed out next?
