Business News
Dec 12, 2008, 14:40 GMT
White House to consider using finance bail-out for carmakers (Extra)
And Also
Similar articles
- US Treasury to buy stake in GMAC; GM gets additional loan
- White House weighs options after auto bailout collapses (Roundup)
- White House weighs options after auto bailout collapses
- Uncertain future for US car industry as bailout collapses (Roundup)
- ANALYSIS: US carmakers failed where banks succeeded
Latest Headlines in Business
- 1. Dubai debt debacle won't affect India, says minister
- 2. Metal prices from London Commodities Exchange
- 3. London Stock Exchange quotations
- 4. US stocks plunge on Dubai's debt woes
- 5. Brown seeks to reassure on threatened Dubai debt default
Older Talkback
page: 1
The president has to be out of his mind if he goes in to the fray to bail out the auto giants in this scenario. With the UAW betting on a bailout son that they can maintain their grip on the auto industry work force, it would be the ultimate hypocrasy. The UAW was asked to help with concessions, just like everyone else and they balked. The govt. should not bailout a failing business (as a rule). The only argument in favor of doing so is to keep workers in their jobs. If the UAW, representing those workers, refuses to play ball, then it should go under. The UAW members should also be ineligible for unemployment since they are the ones that stopped the rescue plan.
I do have a suggested alternative though. Tell the big three that they can still have the help, but only if they fire every UAW member. They can hire back those that they want, unser any terms that they want, but only if they give up any ties to the union. If the UAW workers don't want their jobs back there are millions out of work who would welcome the opportunity.
If Bush does go against the will of the senate and the people and charge to the rescue then he should be removed from office and lose his pension.
page: 1






Your Talkback on this Story