The “Big Three” are back in D.C. today, begging for more of your money. This time, they “humbled” themselves by driving the 8 hours from Detroit. Purely symbolic, playing to the media, don’t buy it.
There are lots of reasons that the US auto industry is a mess. First and formost is that their products suck. If you can’t compete with quality products in any industry, you’re not going to make money.
The other huge contributor is the UAW. Unions are a good thing when they do their job which is to protect workers from abuse and corruption. Their job is NOT to insure retardedly high wages and benefits that drive the company out of business. That’s what the UAW has done.
Good Morning America this morning, in their usual doom-and-gloom, the sky is falling, fright-fest, featured two people who lost their jobs last week. One was a office admin from a failed financial firm. She’s a single mom and can’t make ends meet with her unemployment check alone.
The other was a GM assembly line worker who, between is unemployment check and his UAW benefits, brings home more money, while unemployed, than my wife does from her full time job. That is, this guy (I lost by UAW protected job. Boo hoo hoo.) is pulling down MORE than many hard working, full-time employed Americans. Gee, I wonder how in the world, GM could be hemorrhaging money.
So what do you think? Should the Big Three get billions of dollars of our money?
