Yeah, you missed the Republican leadership that wants to bust the Union and this is the best shot they have had in decades.
Nevermind that the facts/math don't add up or the standards are blatantly skewed, this obsession will continue.
I would have thought they grasped the pendulum lesson over the past two years but apparently not. A bunch of those UAW workers were very stalwart Republicans and an "in the pocket" constituency.
Last time I checked, most UAW unions were pretty darn blue. I'm sure that they would endorse any candidate that was pro-union, and that seems to be mostly the Dems recently.
Also, I think Bush is right on this one (Who would have thunk it). Also, remember the Dems are trying to push their environmental agenda through, stoping thoes big, bad automakers from making big SUVs.
If we loan the D 2.3 money, we will never see it again. That is not prudent, and Bush knows that. An orginized C11 is the best option. If you will refer to a document released by Moody's this week, they said that there were 3 options for moving forward. The most favored was a Pre-Packaged Bankruptcy with government assistance (70% likelihood). The UAW needs to be restrained and cut back severely, the concessions need to be moved up to now, no more job bank, and a new management staff is desperately needed at GM.
As car czar, names like Penske, Iacocca, Romeny, and Kenneth Feinberg (Associate of Bush).
As for me, I wouldn't say I'm entirely anti-union, but I don't particularly like them. Equal pay for unequal work just doesn't sound very good to me. I recognize their merits when business and management becomes too strong, but what happens when labor becomes too strong? Well, this.
As for Chrysler, it is a dead company walking right now. They really have no hope beyond a Bailout. If you read the auto blogs, you've seen their future product forecast, and its not looking good. (Vaporware, redesigned 300/Charger). Also, remember that Chrysler is held by private equity. When was the last time we bailed out private equity? Hmmm? And when was the last time the government had a successful bailout? (History of U.S. Gov’t Bailouts - ProPublica
). Not many at all. Yep, you can say that Chrysler in the 1980's was successful, but guess where they are now, only 30 years or so later. Back with their tin cup begging for money.
Just my .02