Thursday, December 11, 2008

Bailout!

The bailout for the Big 3, Chrysler, Ford and GM is not doing so well. Yes even after they parked their private jets at Teterboro and made like they drove all the way to Washington those pesky congress folks will not give them money.

Fact is most of the population sees this a a bailout of the unions and not much else. Toyota pay $43.00 per hour to a worker to make a car. The Big 3 pay $73.00 per hour for the same work. Why? Union benefits.

Bailing out a flawed process still leaves you with a flawed process....that will again fail.

Let the herd be culled...bankruptcy is the solution.

Potential riots...if it goes thru?

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