Will Barack Obama Make His First Big Mistake by Supporting an Auto Industry Bailout? - Associated ContentThe surest way to rescue the Big Three is for Americans to buy American cars. While there was a problem with quality in the 80s, the Big Three are producing some nice rides like the redesigned Chevy Malibu and the Ford Fusion, the new Taurus, the Ford Focus, the Dodge Charger, the Magnum, the Mustang, and I can't wait for the new Camaro. And it's not like the Japanese, German, Subaru, and other makers haven't had their problems. But the loss of image in the 80s hurt the Big Three and it's a hurt they're still feeling.
Do you favor a bailout for the industry? Better spend your energy convincing yourself and your friends to find some American cars they don't mind buying. A bailout is just an imprimatur to maintain the status quo. The status quo is that UAW workers get about 35 bucks more per hour than what a Toyota, Honda worker gets in the southern states where the Japanese have their car factories employing substantially more than 100,000 Americans. Is that competitive?
Anyway, the top heavy bureacracy of the United Auto Workers expects Obama to pay them back for their support by spending your taxpayer dollars on an industry upon which the UAW has a death grip. Are you comfortable with that?
To read more, click on the title...