Majority still oppose auto bailout
Who does Congress represent?According to a Washington Post poll, 55 percent of Americans still oppose a bailout for automakers, versus 42 percent that support a bailout. Those against the bailout believe that the US auto industry is nearing bankruptcy because of bad business practices, and that bankruptcy won't disrupt the economy too adversely.
I guess you can't blame the people. The auto industry and the UAW continue to accept little responsibility for the condition they are now in.
Yes, Toyota and Honda are now suffering, but they are still sitting on hordes of cash, and they have not been bleeding money for the last several years, unlike the Big 3. Likewise, if the UAW is so innocent, why did they accept major contract changes in recent years? Is that not proof that for decades UAW contracts were uncompetitive?
While I continue to support a bailout, begrudgingly, the Big 3 and the UAW continue to blame, rather than accept responsibility. That certainly isn't the way to appeal to Americans in fear of losing their jobs, pensions and health care funds - benefits which have never been as good as the UAW's for most.
Labels: bailout



1 Comments:
There are many reasons why the bailout of Wall street and the auto industry is wrong but most importantly because the federal government is far more powerful than it was ever meant to be. Now the government can be a stockholder? Sounds too much like socialism.
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