| My personal opinion is that the auto makers do not deserve the money. The unions don't deserve the money. The employees deserve the money. Say what you want about the amount they get paid and the size of their pensions, these people have planned their family's entire future around the fact that this money would be there at the end. They don't deserve to lose it so the auto maker can restructure their obligation under bankruptcy with government money. Having no other reason to think so but my gut reaction, it seems like a government could invest in the people. Take over the pension obligations for the Big 3. Take the costs off the auto makers books, force all new hires to be non-union, even make up the difference in salaries to the existing union employees and let the maker sink or swim with a competitively priced workforce. At least the people will be protected.
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 "Instead, evolution played Mr. Potato Head..."
Newsweek, March 2007
______________________ "Smart people tend to believe that everyone else "gets it." Incompetent people display both an increasing tendency to overestimate their cognitive abilities and a belief that they are smarter than the majority of those demonstrably sharper."
Robert Burton, Sept. '08 |
02:30:30 11/26/08
