I was listening to the news this morning and the host was speaking to a leader of a certain local UAWU. The host was asking the leader why the American taxpayers should, as part of the bailout, pay for the retirement and healthcare of retired UAWs. He was trying to justify the money from taxpayers by saying that the company would go under and that that would affect the entire nation and the economy and the workers and retirees themselves. The host pointed out that because of the UAWU, the car companies were going to go out of business. She pointed to the cost per automobile sale that went toward paying for healthcare. The cost for GM is $1600 per car. The cost for Ford is $1500 per car. The cost for Toyota is $300 per car. The demands of the UAWU are not only crushing to the companies that they strong-arm, but they also screw over the consumers.
The host also pointed out to the leader of the local UAWU to whom she was speaking that Toyota workers cost their company $47 and hour, whereas GM and Ford workers cost their company $71 per hour. Guess which car company isn't going under right now? I want to know: if we bail out the auto makers, does that mean that we are paying for the autos from those companies twice? (Once through the bail out and a second time when we purchase them?) No one has put forth a plan for the automotive industry to implement that would even justify the giving of money to any of the companies. One e-mailer suggested that giving money to the big three is akin to giving a homeless heroin addict money. Is that addict going to do anything besides blow throught the money by buying more heroin? NO!
Mr. Stuart Varney from Fox News stated that Detroit is bleeding $2-3 billion a week and that there is no plan out there for what the money from a bail out package will be used for. He also states that $25-50 billion will not solve Detroit's problems. And yet at this very moment, the Democrats are meeting to decide how to bail out the auto industry. Oh, I'm sorry, I mean the big three, not the entire auto industry, because Toyota, VW, BMW and others are doing just fine.
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3 comments:
I completely agree. I don't care to buy American cars because I'm not convinced that the quality and features even come close to their Japanese competitors for the price. GM was in serious financial straits just a few years back, but they have not used any of the profitable quarters since then to reorganize and become more efficent. I don't want to pay money (tax $'s) for cars that I don't plan on buying, especially when the American automakers seem so unwilling to actually fix what is wrong. Thanks Dems for wanting to throw my money in the wind!!!
Thanks Dan-I agree
First the banks, now cars, and soon healthcare. God bless America.
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