| Re: Should the US Government (Taxpayers) Bail Out the Big Three? Very emotional poll. I voted for the bail out because I believe that the country will be worse off.
But a couple of things have to change:
- the union workers should be made to work like all members of society, to 65 or 66. Fair enough for health care top up to medicare
- they should be paid competitively for their level of education - say $20 / hour with a high school education and the usual overtime
- GM (according to a cousin who retired from Electromotive) is a country club where golf scores have been the most important thing to an advancing career. He also said that most GM management doesn't know what they make, how they make it, what is intended to do etc - that's the second leg to the problem - I agree that Bob Lutz is the only one from GM who should survive
- U.S. consumers should look at buying what's made in the USA rather than a free market approach (Germans and French are oriented this way)
- the free market approach (the Bush and Clinton administrations) should be curbed to favour home production
- give local manufacturers a tax break - my cousin who runs a metal finishing business in Chicagoland notes his corporate tax rate 40%, while if something is imported from China, the business is taxed at 6%
The system is broke, and we need a major overhaul of how it works.
Best
Dom |