I don’t want GM, Ford, and Chrysler to drop dead. I want the UAW to drop dead. Until the UAW is broken, the big three will constantly operate on the very edge of disaster.
And just who allowed the UAW to get as big as they are? A pox on both their houses.
Yup. I think the Repubs want the UAW to bring their costs in line with the transplants. GM, Ford and Chrysler can never survive unless they do that. the global economy has too many cars and too many car companies. China will only make it worse. Any economic slowdown just kills all the car companies except the most profitable ones.
People think we wll go back to where we were a few years ago and that a short-term cash injection will fix these companies. Obama is a disaster and more regulation and socialism will only make things worse.
The UAW will outlast the big three by at least a generation, maybe longer. It will become our second Social Security Administration and will be protected in Al Gore's Iron-Clad Lock Box. Their time as auto workers will soon be over, but then they can move on to being served by the tax payer.
Pat did not address the 18 million per year GM spends on Viagra. But it says lots about what is wrong with GM and such things can be fixed by bankruptcy but not by a bailout.
Buchanan is one of those who really drive me insane... Part of the time, the man makes more sense than anyone else. Then he goes off the deep end the other direction that you wonder what rock he just crawled out from under. While I know that Buchanan is a protectionist, his view on this issue is so wrong as to make him look like a fool.
Exactly how much did he get paid by the UAW to write that piece?
Bankruptcy is the way that gets done.
Better public education is how you fix UAW.
Makes me wonder why Buchanan is flacking for the bondholders. This is very strange.