sabbadoo32

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

$73.20/hr is a red herring. The two real issues facing Detroit are health care and shifting the industry to hybrid and electric vehicles.

Nationalizing health care would guarantee quality health care for all, and cut that hourly wage number, giving Detroit an additional ability to compete. I say additional, because they could have shifted to hybrid and electric 3 years ago. They could have beaten Toyota to market or been second with that model car.

Some of Detroit's problems weren't visited upon them by the baaad unions or the shifty Japanese. It was a result of their own laziness.

Reinventing the Auto Industry: Lessons Learned from IBM

The similarities exist in the macro, as well as for descriptive purposes. His point is valid. Detroit is asking for money to stop today's bleeding, and isn't necessarily ready to announce their intention of committing to a hybrid/electric fleet.

Taking money from the government should really be like making a deal with the devil. In this case, we need to create jobs and clean up the air by taking advantage of the market opportunity that's presented by hybrid and electric vehicles.