Reply With QuoteBecause any bailout would help unions.
The goal is for a restructuring and such to do away with the unions.
or hamstring them badly.
ie break the promises the industry has made to their workers.
Senior Member
Anybody know why US Government bails out financial industry but not auto sector....
Doesnt make sense to me....
First only a small portion of the financial industry is hurting.... if you look at the companies that are getting bailed out... thats about 10% of the financial sector.....
On the other hand if the Big 3 auto companies go bankrupt u can wipe out basically 2 million jobs right away....
So really the US government has got its priorities all wrong....
CK
Originally Posted by Topspin
Villified User
Because any bailout would help unions.
The goal is for a restructuring and such to do away with the unions.
or hamstring them badly.
ie break the promises the industry has made to their workers.
Are the workers for the other automakers in the US doing that badly? The people I know that work at the Hyundai plant and the Mercedes plant seem to like their jobs and make good money.
Thrillhouse
What is your point here?
As one who opposed the bank bailout, I feel the same way about the bailout for the automakers.
That the big 3 automakers have done this to themselves, and bailouts will not change anything.
And that the automakers AND the unions have a hand is the position these companies find themselves in.
High Level of Addiction
The big 3 don't deserve a bailout. But do Americans deserve what will happen if we don't bail them out?
I'm not sure we can handle a 10% + unemployment rate right now. Even if they screw up the bailout & it's only a temporary life raft, I'd still rather see them go belly up after some of the other economic fundamentals are on an upswing, and our economy is in a stronger position in general.
Thrillhouse
To answer the question, the Big 3 are unionized.
Villified User
About 6 manufacturing palnts in KY that supply components to the big 3 are in the process of shutting down now. Bad times ahead.
There is no doubt that its going to be bad on the entire economy.
Villified User
It will actually be good for my business if the big 3 dealers shut down.
But I would rather they did not shut down.
I have no desire to enrich myself off of others misery.
Why I am not a Republican I suppose.
Reasonable
USC you are such a partisan dolt.
I'm not sure I can take your idiocy anymore. Welcome to my ignore list.
For the record, you are the only person I consider annoying enough to put on IA.
There is much to be said in favour of modern journalism. By giving us the opinions of the uneducated, it keeps us in touch with the ignorance of the community.
-Oscar Wilde
Verified User
Did you oppose it the way damo opposed it?
Senior Member
Oh Oh....
Big Man on Campus talking!
Thats right everybody listen up!
Reasonable
Shove off faggot. No one's talking to your bitch ass.
There is much to be said in favour of modern journalism. By giving us the opinions of the uneducated, it keeps us in touch with the ignorance of the community.
-Oscar Wilde
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