Freedoms Truth

Let's Hope the Auto Bailout Has Failed for Good

"My eighty year old mom lost her retirement through the rulings of a Federal Bankruptcy Judge. Thankfully the Union and the Federal Gov't picked it back up. If the company I worked for goes belly up, I could lose my retirement and health care. "

And excellent reason to end defined-benefit pensions and change them to 401(k)s where you at least know what you have in your account.
The retirement costs have killed GM, and we are supposed to bankrupts our future trying to bail out these failed approaches and over-payment packages?

What the ‘bailout’ of GM will do is turn it into a useless zombie institution that, thanks to the govt teat, wont be willing nor able to do the real restructuring it needs to do to beomce a healthy company.

The bailout negotiations failed in the Senate because the the GOP Senators and UAW locked horns over whether the UAW would make labor cost concessions in the next year, to bring wage costs to be competitive with folks like Toyota. Unless and until GM labor costs align with Toyota etc., they will be INHERENTLY unprofitable. So the GOP Senators were right to demand this UAW concession, to ensure this bailout wasnt a money pit. No concession means no deal is a good deal.

Harry Reid thursday night lamented the breakdown of the negotiations and said that he hated to see what would happen to the markets Friday... well the markets did fine. These guys who think govt bailout of GM will save anything are full of beans.

Will Detroit's Loss Be Japan's Gain?

"The US model is everyman for him or herself"
Baloney! That's a liberal talking point contrary to facts. The Government spending on health care is higher per capita in the US than in Canada. over 50% of health care spending in the US is Government funded or directed.

All those stats about infant mortality neglects the fact that would change quickly if Canada had 30 million illegal aliens, like the US does.

Will Detroit's Loss Be Japan's Gain?

"a national health-care system for all americans would help to level the playing field. "

Yes, it will destroy whatever standard of living advantages we have left over the Europeans, suck us into a permanent high-tax, low-performance economy, and leave us all with less choice and quality in health care. The claims that " is the only wealthy industrialized country in the world that lacks some form of universal health care" is false - in the US, we even treat illegal aliens in emergency rooms; the other countries spend less because they ration health care.

All this disaster of socialized healthcare because we ddint have the guts to tell the UAW to suck it up and accept changes to outdated benefits!?!? absurd!