Tuesday, December 30, 2008

Big 3 In ICU

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

Read the rest here

1 comment:

  1. Asking your lawyer on what to do in that kind of situation is the best move you have
    Car Accident Lawyer Macon

    ReplyDelete

Your comments are valued greatly. Please adhere to the decorum on the "First time here?" page. Comments that are in violation of any of the rules will be deleted without notice.

3/11 Update - No Moderation

*Non-anonymous commenting is preferred to avoid mix-ups. Anonymous comments are, at the behest of management, more likely to be deleted than non-anonymous comments.