The truth about the auto bailout

Let's see. A thuggish and intractable union. Management which thinks that management consulting is an end in itself. GM has lost $72 billion in the last four years; Chrysler has been gasping for years. Only Ford thinks that it can go...through the end of 2009.
Although to be fair, considering the impossible structural difficulties that the Big Three face, in labor and state laws, it's amazing that they're doing as well as they are.
If it requires the bankruptcy of the Big Three to destroy the UAW and to slap some state legislatures upside the head, so be it. There will be a demand for cars, and workers who have paid attention will be able to find jobs building cars, if that's what they want to do.
One of the (many) things that amaze me is the gross sentimentality that adheres to the Big Three. There is nothing sacred about having a job making Detroit cars. Workers work, and who has not changed jobs over a lifetime? I know that union members don't intend to have any uncertainties in their lives, but for them to not have uncertainties means that we are taxed for their comfort. And I don't love them that much.
First the $700 billion to bail out imprudent lenders, paying the rich for their folly by taxing the poor. Now the Big Three. There are people actually whining that the Big Three must be bailed out because their advertising would stop. In the list of whining that comes quite near the top. California is complaining that its welfare state is insupportable and therefore must be supported by the more prudent states, such as Texas. It is slightly waggish of me to suggest that there is a very small debt owed to California for being a magnet for our greedy and lazy people, but not enough of a debt to bail them out for their folly for being a welfare magnet.
Let the Big Three die now for they will sooner or later, and later means more taxpayer money down the toilet.
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