Why the Big 3 Bailout is Bullshit: Cadillacs Made in China
By nostalgiphile in MLP
Wed Nov 19, 2008 at 05:02:40 AM EST
Tags: bankruptcy, automobiles, Japan, made in China, Detroit, YFI (all tags)
*** begin quote ***
First, they say that between 160,000 and 3 million manufacturing jobs are on the line, but then turn around and blame the unions (the organization that represents those workers). In fact, foreign (mainly Japanese) automakers employ almost as many Americans as the “Big 3” do (113,000). Helping GM, Ford, and Chrysler could actually hurt those American auto-workers at non-Big 3 factories.
*** end quote ***
These “bailouts” are wrong on so many levels it’s hard to find a positive reason FOR them.
My pocketbook can’t afford it. So, sorry Chapter 11.
# # # # #