I was in an Econ class yesterday where the professor mentioned how Bush gave the steel industry their "protections" (the tariffs on foreign steel) and whatever else they needed, claiming they would get themselves "up to date" to compete. Well, for the two years that those tariffs sat in place, they sat on their butts, doing nothing and now the tariffs have expired. Have they began crying to Bush to renew the tariffs? It wouldn't surprise me if they did.
I frankly feel sorry for those caught in the middle of these bankruptcies and scale-backs. However, it is NOT up to the taxpayers of this nation to keep bailing out these companies when they make bad decisions and side with the unions. I wonder how many of these companies would have folded long ago if "we the people" hadn't bailed them out?
On Monday, I heard Neal Boortz mention how it is the fault of the unions for these problems with the U.S. automakers. Unfortunately, I wasn't able to listen to the rest of what he had to say for rushing to class.
Can someone explain to me how the unions are responsible for this? I have a vague idea how but need a little more "splainin'".