A US taxpayer

The Tyranny of the Shareholders

If democratic senate/congress is foolish enough to waste our tax on bailing out dying an industry that is not competitive in US due to UAW and its hubrious managers, you can be sure that in 2 years there will be republican senate/congress. UAW is smaller than tax payer base, Pelosi. Govt should consider bailing broad US tax payers out instead of garnering favor of UAW. Taxpayer way or highway.

And Pelosi, don't waste your breath trying to explain something you have zero idea on. You can not afford to undermine incoming registration and yourself in this dire time.

Here are my suggestions.

1. Let PBGC take care of UAW members pension and healthcare. All other failed business do, and UAW members are just as guilty of failure as the managers.

2. Remove current managers with innovative/reputable outsiders who will in turn boost industry morale, develop better product/brand and keep parts manufacturers in shape (You know the part company managers are old line Big 3 managers. Some of them needs to go, also.)

3. Set up bankruptcy remote entity to service warantee, or let US Govt guarantee it. And let the news media repeat the mantra; "US Treasury guarantees your GM/Ford/Chrysler warantee for 10yr/120,000 miles."

After implementing these ideas, ever patriotic US customer base will buy from uncle Sam's GM and Chrysler (and I never bought a US car, yet if these changes come, I will to support my country by buying GM)

I bet if UAW members start to take GM and Ford equity as its 401 k and wasges, that would boost the stock and lower borrowing cost. UAW leader Gelfinwhatever guy avoided answering this question today. What a joke!

I really wish that new administration and regislative branch will be bold enough to do something for voters, out of line with their political interest. That is why we voted for Mr. Audacity of Hope, were it not?