The domestic automakers are in ‘Intensive Care’. The bailout medicine being injected as an IV drop by the outgoing Bush Administration is a $17 billion dollar placebo. As prescribed, it will neither cure the patients nor help the workers whose union is not cooperating.
While the excessively high labor, benefit and pension costs contracted over the years by the three automakers can be described as a virulent out of control virus, a more apt description is several bad cells that, over the years, mutated, multiplied, grew into bulbous tumors, and metastasized onto the bone of the businesses.
Neither President Bush nor President-elect Obama are willing to face all the facts. - Townhall.com
Tuesday, December 30, 2008
Big 3 In ICU
Labels:
auto bailout,
Glen Maganzini
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Asking your lawyer on what to do in that kind of situation is the best move you have
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