Tomas04

Who Might Benefit From Detroit's Failings

Blacksilver:

"Just as many Americans own stock in them,depend on them for a living and benifits"

This is where you are wrong- far more people rely on the Big 3 than the transplants- suppliers, thousands of retirees and more dealers. This is a very flawed statement- the Big 3 have far more US content in their vehicles than the transplants.

Who Might Benefit From Detroit's Failings

And what about the retirees pensions and health care- are those just gonna go away? And then the government will have more people without health care and retirement.

What about the fact that the Big 3 buy more parts from the US than Toyota and the other transplants?

What happens if the Big 3 collapse and the transplants shut down and move offshore for cheaper labor? They can still import here- we will need cars, but who will get the jobs?

I know these are questions that require thought and these people that write these articles are not keen on critical thinking but that lack of critical thought is what got our country into the economic mess it is in.

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

Shadrach

It does matter that those numbers are wrong. You can't start a debate with bogus facts. The reason the non-union auto makers are gaining market share has nothing to do with unions.

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

John

Do you want your pay cut in half? When CEO's of most companies make $10's of millions, you have a problem with someone making $65k a year?

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

It's more than retiree health care. It's dealerships and salary people and suppliers that have divested. Even Toyota is losing money now. They just have a lot more to lose. This is a horrible economy- that is not the fault of the unions.

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

SAA

You are wrong- that figure includes legacy costs- trust me.

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

Do a little research before you make a comment like that. The $73 and hour includes legacy costs. Union member don't make anywhere near that much money in reality. That number is at least $15-$20 high and includes benefits like health care. It's a shame- this guy is a Phd yet he makes off the cuff statements like he has an IQ below room temperature.