We have a friend who is a mechanic who has been notified that the dealership is closing down. The market will soon be flooded with out-of-work mechanics. Many people only think this bailout will help those in Detroit but I think it will have affects througout the country.
Auto Bailout
I've heard that it could protect between 500,000 and 1 million US jobs.
Believe me, the economic problems stretch much further than Detroit and the US....we're feeling it badly here in the UK too.
No, the bailout wouldn't just help Detroit. But, why hasn't "Detroit" already been helping itself? Auto unions are not needed anymore. Why is Honda doing better? Management. Unions had their place, but in this day and age there are so many regulations and rules that an employer can't get away with the things that went on during the early 1900's and before in factories, etc. Businesses either change with the market or they cease to exist.
I agree. The UAW had a place historically, but now it's bleeding money out of the American automakers. Not that the automakers themselves aren't partly to blame for producing inferior products.
I don't think this bailout plan will make people spend money at all. All it will do is line their pockets with even more money and put hard working people out of jobs. Why do they need to get paid $10 million a year to sit at a desk and dictate. They need to get on the work floor with the rest of us, and get their hands dirty.
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