NO AUTO INDUSTRY BAILOUT….PERIOD!
You want proof that the big three (GM, Ford & Chrysler) have put themselves in the bind they are in now? See the story linked and quoted below.
Combine the fact that the big three haven’t been producing cars Americans want, but rather producing cars that they want to sell, along with the fact that big unions and their “gimmie” contracts have totally cut ANY profit the companies have been making….and you have the mess we see today in the auto industry in this country. If the big three management regimes had stood up to the unions and said “yes, we’ll pay you a comfortable wage, but a line must be drawn somewhere”, they might not find themselves in the mess they are in. And now they (and most democrats and a few RINO republicans) expect the U.S. taxpayers to bail them out?! I don’t think so.
The best thing they could do is file for bankruptcy, which will then allow them to tear up the existing union contracts and start over.
There’s a reason why the Toyota, BMW and Honda plants in the United States make more profit….
It’s because they don’t cow-tow to the unions.
Here’s the link to that story, and here’s a bit of quoted material:
Monday, November 17, 2008
$73/Hour Bailout
Posted by: Amanda Carpenter at 10:57 AM
Detroit hasn’t been making cars people want to buy and was catering to Big Labor demands long before the mortgage crisis hit. It’s no wonder why they aren’t competitive anymore. (I say this as a Flint, Michigan native.)
Mark Perry of the wonderful Carpe Diem blog put together this chart showing the inflated wages the Big Three automakers pay over their competitors. Big Three union workers, with their gold-plated health care plans, make about $73 an hour in total compensation. And, now they’re begging Washington for a bailout before they even think about negotiating with the UAW.

(Fantastic chart courtesy of Mark Perry @ Carpe Diem blog)
Maddening, isn’t it?
If you think so too, see the story Michelle Malkin has posted, here.
She’s got embedded links in there, so be sure to check those out as well.
