At this rate Toyota could just buy the Big Three, I think they have something like $85 billion cash on hand, should do the trick.
GM stock, is valued at 1.8 billion. That’s it. The US government could buy GM for less than 7% of the 25 billion bailout.
Yep.
It’s not like if the Big 3 go bust, we won’t be making cars in this country. Those companies that have figured out how to make cars Americans want to buy will expand and-—hmmmm-—hire more workers.
Of course, that is not acceptable to the Rats because they owe the union bosses for their political existence. If the Big 3 go bankrupt, the UAW contracts are voided. END OF UAW.
It is not the Big 3 automakers the Rats want to bail out, but the UAW.
The companies that come in a buy up the pieces will not be saddled with labor contracts that pay 52% higher than non-union auto workers.
But the Rats cannot allow UAW to fail because that is a huge part of their political machine. If UAW goes away and manufacturing disperses from traditional Rat strongholds under the purview of union/Rat political machines, well, they can’t allow that, no matter how much it costs the country.