John D

Automaker Bailout Is Just Buying Time

I'm quite sure that the UAW & CAW must both realize now that they are no longer barganing with the companies but with the government and that they will have to reconsider some of the points of the contracts that were hard fought for. The only way you can look at it right now is that it would be better to give up on certain items such as wage reductions, some benefits in order to keep a job rather than fight the government and not have a job. Perhaps now would be a good time to negotiate with the government to take another look at FREE trade and push for EQUAL trade so that the Asian car companies can't keep DUMPING cars here unless we are allowed the same numbers in those countries, one for one or invoke a tarriff on all those over the limit (2007 the Koreans shipped 750,000 vehicles in North America - we shipped 5000 to them in return) - this would put things on a level playing field and also contribute to turn the North American auto sector to a profitable, viable business once again.These are most definately trying times and cooler heads will hopefully prevail.