The debate on a bailout continues for the big three automakers and again I say that the Unions are the problem. Let them go through bankruptcy so their labor contracts can be redone. Of course my previous post was all theory, how be it sound theory. I have found another article that actually backs up my assertion with real data. I suggest reading the article from the Heritage Foundation and looking at the charts before you sign up for things like bailouts and tariffs.
Some of the highlights include the fact that the average worker gets $75 an hour. Does it really take that level of skill to do the same kind of work they manage to do in Mexico for a fraction of the cost. GM has three times the number of retirees than workers, mirroring my statement that it reflects our future Social Security crisis.