Thread: Bailing out the Detroit automakers
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Old 11-24-2008, 12:29 PM
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Quote:
Originally Posted by Tresselbeliever View Post
If there was any debate about who really protects the workers, I really hope that this sad lesson will resolve it. Unfair restrictions in the labor market has undeniably led to the road of death for Detroit and other cities and towns in the steel belt. The best way for Detroit to revitalize itself is to scrap all laws concerning taxes, the minimum wage and other workers' entitlements. The transition would be tough but necessary for its future vitality.
The shortsighted Detroit CEOs who got our whore congressmen to gut the increased mpg mandates for decades are to blame as well. If they had transitioned to high mpg and hybrid vehicles like they were supposed to, they would be more competitive now. They took the short term SUV cash cows over the long term welfare of the company. You cannot blame all of that on unions. Slave labor is not the freaking answer either. Spending money on factory modernization instead of big dividends is an idea too. But the dealerships have to be reduced, the brands consolidated, and the pension benefits cut to a more reasonable level. Theyworked for thirty years, you cannot throw them to the curb totally.
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