In my driveway are two Nissans and a Toyota.......
Unfortunately we are very satisfied with our American cars.
When shopping there was little difference in cost between American and foreign models of similarity. I bought new a F250 in 06, trading off a 97 F150. My wife bought an 08 Escape, trading off an 04 Escape.
Average fuel mileage is double what it was 30 years ago. Why would that be a problem? With trucks we don’t expect economy because a truck is made to do jobs like haul and pull move things for working people.
But I do agree the autoworker compensation is out of line with the rest of our wages. Pensioners have been made promises the companies are unable to keep. Sounds no different than our government. Yet our government renigs on it’s promises all the time and gets away with murder.
The auto workers unions are going to have to expect less and not wait till they have bled GM and Ford and Chrysler dry, because then they will have nothing. BUT......
Along comes government saying those companies are also too big to fail and need help. Here are some ideas to help automakers. Keep oil prices reasonable with domestic drilling. Relax environmental restrictions on regional fuel blends. Cut corporate taxes. Relax intrusive environmental regulations that result in the importation of many of the raw materials needed to make autos. Moving good paying jobs offshore to avoid corporate tax plunder has hurt the consuming public, reducing demand on big ticket items.
The government says these companies are too big to fail and need a bailout. Perhaps. Perhaps the automakers need to adopt a new business plan also? But things will never change for the good if they are allowed to continue business as usual. Even our government supports business as usual because that keeps them in power to fix the problems they created but never saw coming. What a joke!! Until we quit re-electing incompetence and rewarding incompetence we are doomed to fail.
But my question is; Is our government too big to fail? And who is going to bail it out?
Fascism.
Corporate, Union Worker, Finance, Government.
United.
For the good of the children( someone has to pay those long term debts )