None of the big three deserve a penny of bailout money unless the unions back off and back out entirely. And, even that would not be fair, since better run companies e.g. Honda and Toyota are managing so far with no such handouts while operating in the USA.
If hourly-wage jobs took a pay-cut to half of what they are now, and all those jobs were adverstised publically to anyone - how long would the lines be - of people willing to work for the lowered wages? Very long, I suspect.
The UAW almost put our John Deere dealership out of business back in the 80s. They brought a nationwide strike against Deere Co. parts division and all new parts were cut off for almost a year. At the time, UAW people said that by crippling Deere Co., it would be a good show-of-force so the big automakers would concede to future demands. In the mean time, many small Deere dealers across the country suffered. We lost many good Deere customers that changed brands and never came back to Deere.
Ford, GM, Chrysler are mismanaged. Granted they are crippled by the UAW, but they did NOT have to always give in. Some better management instead of appeasement might of worked a little better.
My biggest concern is, as a nation, reserving enough of our industrial and agricultural base to gear-up for war when needed. Historically, we have relied heavily on automakers to make weaponry, etc. Heck, remember the Cuban Missle Crisis back in the days of JFK? That was caused by Jupiter missles, built by Chrysler Corp. - being pointed at Russia from a USA base built in Turkey.
I realize that other companies also supply the military. My son is an engineer for Ball Aerospace that supplies military contracts - even though they are better known for Ball food canning jars. But, in a pinch, we may really need the auto and steel companies in the future.
I kind of wonder - when Pearl Harbor got hit - if the only auto companies on US soil were Datsun and Toyota - what companies we'd used for armaments?
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