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Old 12-06-2008, 04:23 AM   #20
Tommycat
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When a broom pusher unskilled labor worker is making $35/hr, something has to be done. The labor unions did quite a bit of good in their time, but they have also stifled the ability for the US automakers to be as competitive. Perhaps there is a need for the big three to file for bankruptcy to save the companies. They have to stop paying for people that aren't working for them anymore. Bankruptcy would allow them to lower prices, sell more cars, employ more people, and still earn a profit. Chances are though even if they do file bankruptcy, they won't lower car prices.

I think bailing them out is a bad idea without an established plan on how to become profitable again.
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