Auto Bailout or Not?
The GOP is salavating over the prospect of of wiping out a large contingent of organized labor under a Democratic majority in hopes of ushering in it’s next white night in 2012. I can hear the slogans now, “Democrats destroyed Detroit,” “Democrats against unions.”
The automobile industry is very important to our economy. Four percent of our GDP to be exact. It is not just the workers in Detroit that will be affected id=f Detroit dies. There will be a ripple effect that can reverberate throughout the country. Part suppliers in the seven main industrial states make up 600,000 members of our work force. Of course there definitely needs to be strings attached to any loan given. But ultimately the loan should probably be given. The strings that should be attached? Detroit MUST agree to go green and streamline there processes so that it is more competive with China and other countries. CEO’s riding around in private jets is not the way to let American tax payers and Congress for that matter know that you are serious. The strings must have teeth. Leave me a comment and let me know what is your opinion.