eternitus

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

My thoughts exactly. Unlike with the financials, where one large company's failure, if left unchecked, can bring down the whole system, completely destroy all our access to credit, and ruin our lives for a generation, GM's failure will simply eliminate a poorly-run, noncompetitive company that overpays its employees. Even healthy companies with good management are destroyed in a financial panic as confidence evaporates... not true with the auto industry.