Not that anyone's asking me,


but, if they were, I wouldn't know how to answer. Are the Big 3, (U.S. carmakers) worth saving? I've flipflopped, an unforgivable sin, according to some, several times, but now, am leaning toward letting them fail. At least let them slide into bankruptcy and try to renegotiate their contracts with labor, suppliers and retirees. The main tenant of capitalism is to reward what works, and let fail that which doesn't. BUT, some say, the failure of one or more of the Big 3, with all the peripheral damage, would cause job losses in the milions. So be it, I say, (at this moment), because it is gonna happen sooner or later, and it may as well be sooner, to get it over with. Let new technology and ideas take over where the old didn't work. Easy for me to say. I don't live in Detroit....

Comments

Anonymous said…
As one who resides in the "Rust Belt"as it were, a bailout would be the easy way and save so many jobs, from trucking, machining, automotive, and executive. However, having outsourced over half of car manufacturing overseas because of cost to the Big 3, let them fail, along with the Unions that aided in the high wages and benefits to the workers that caused the Auto companies to send the work overseas to begin with. Never being a huge fan of unions; union dues are a joke and only benefit the bigshots running the unions. When was the last time any worker was invited to a union "get-to-gether" in Miami, Las Vegas, Cancun? Our country imports more than it exports. Is that Recession? Depression?
So Stevo, notice the question marks??????
4:35 PM
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