And this is why I am againt these so-called “Bailouts”
And yes – this is what ‘bailouts’ get you. We are sending our hard earned dollars to Brazil.
Not forcing GM into a managed bankruptcy was a huge mistake. A bankruptcy judge could have torn up the agreements with the unions, forced them to accept salaries that were actually valid for the work they were performing, and maybe allowed GM to compete on an equal footing.
Its about time to break the unions – they may have had their place perhaps even as recent as 30 years ago – but in the age of the internet and the ubiquitous camera phone, would something like child labor or unsafe work conditions really go unnoticed? We all know it would be on youtube in 38 seconds.
Link: http://www.laht.com/article.asp?CategoryId=12396&ArticleId=320909
09.Feb.09 
