November 19, 2008
The great big things that would actually help the Detroit auto industry aren't even under discussion: loosening of CAFE standards, and busting the UAW with right-to-work (preferably at the national level). Any outpouring of Fed funds (i.e. money from the pockets of hundreds of millions of Americans that had nothing to do with the crapping out of Ford, GM, and Chrysler*) without impossible alteration of the regulatory environment or the way Detroit does business would be the equivalent of setting the money on fire.
UAW and management walked into this poopstorm hand in hand, with the expectation that the good times for Detroit would never end. Neither of them has any chance of fixing this now without the binding arbitration of Chaper 11 bankruptcy. Without UAW holding management's hand in a death grip, we might not have got to this point. Look around on the blogs right now, and find plenty of UAW astroturf. Sentiment against them is growing, and they're waging the same sort of PR war that Axelrod waged on behalf of Obama during the election.
If we're very, very lucky, DC democrats will crap on Michigan. Most of them have nothing to lose by doing so (and plenty to gain in their home states by being "against the bailout"), and there's already a good chance that Dingell will lose his commitee headship. We'll see how this plays out, I suppose.
*for limited meanings of the word "Chrysler"
They should call it what it is--the UAW bailout. I'd love to see the UAW out on it's ass! Wouldn't you just die if one of them came out and said, "If you want us to survive, we have to get rid of the UAW." Ahhhhh, one can only dream.
It's just like anything else. When things are artificially inflated (ie. housing market, salaries for unskilled workers), the bubble is bound to burst. I know it isn't entirely the fault of the UAW, but they play a big part in the auto industry taking a big crap.
I have a friend who took the education buyout from Ford last year. 40K for schooling and kickass health insurance for 4 years. Did I mention he drove a forklift and made almost 80K a year? I love the guy, but that kind of pay is RIDICULOUS for driving a forklift! Not to mention all the other benefits he received from them while he was employed.
Okay, I'm done bitching now...
Posted by: Carrie at November 19, 2008 10:03 PM (yx3ET)
Posted by: leoncaruthers at November 19, 2008 10:34 PM (JSO4h)
Posted by: Blackiswhite, Imperial Agent Provocateur at November 20, 2008 04:02 PM (311KA)
Posted by: Hermit Dave at November 21, 2008 04:19 PM (WhFvm)
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