Thursday, November 13, 2008
Bailing out GM is a bad mistake
The problem with GM is not really the expensive UAW workers and pension, its the quality of their cars. Pensions and wages would not be a problem if their cars sold like hot cakes. Giving them another 25 Billion US dollars will not do anything about the quality and the marketability of their cars. Let the free markets decide their fate then use that money to help the laid off workers get auto jobs if not at GM again, somewhere else. I am dead sure that one or more of the Japanese automakers will fill the market void when GM is gone and need more workers
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