Lazaris

Better to Let Automakers Go Bankrupt

All the talk about not bailing out the automakers, where is it going to stop etc.. is nothing but another attack on labor and unions.
For your information, the U.A.W. has already agreed to all replacement workers wage to be reduced 50% to $14.00 per hour
and the the union is going to assume the retiree health care liability
(gm will pay into it then they are done with it) so GM's labor and legacy costs have already been addressed.
And when GM, Ford and Chrysler are paying half the wages, do you think ANY of that savings will be passed onto the consumer. The price of that vehicle wont go down a dime. All that savings will go into CEO bonuses, to the stockholders, etc...
But all you labor and union bashers will sure be happy won't you, to see us take that huge pay cut, that's all the less we will have to spend WHERE YOU WORK.
Oh, and by the way, labor unions helped create the middle class in this country, which is disappearing just as fast as the bailout money to the banks is.