Friday, December 12, 2008

Auto Bailout on hold

Well, looks like Chrysler and GM will have to find some other way to keep the wheels on until people start buying their products again.

Kind of ironic that the UAW would rather see the jobs of their members put at risk of total obliteration than to take a pay cut for the time being.

Wonder if they'll get as good an offer if 2 out of 3 American car companies have to either lay off almost everyone or go into bankruptcy and force renegotiation of union contracts?

Glad to see that Ford seems to think it can get through this with no government help. Hopefully the other two will also be able to do it.

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