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My thoughts on an auto bailout

Posted by TWuG Nov 12 '08, 13:20

*IF* the government does this, it should choose the most fundamentally sound and install a new board and void all union contracts.

Then, as part of the New Energy initiative, focus all energies on producing green autos HERE IN THE US. No more plants in Canada or Mexico. Bring all production home.

Renegotiate all union contracts to recognize that unions *within the auto industry* are dead weight that curb the ability of the company to be competitive.

The ONLY reason I would be in favor of a bailout is because of the number of interconnected industries that would be affected by a complete failure of the US automakers. A failure would not bother me if their were low barriers to entry, but barriers are high and it is unlikely that any new US auto maker would pop up to replace the lost ones.

As for home builders? Suck it. Low barriers to entry. One goes under another will take its place when the economy improves

Responses:

Unfortunately, the bailout has caused a free-for-all to see who can get their hands on government money - Brian Nov 12, 13:25
Can I buy the leftover Canadian plant? I want to start a car company that actually works, so I can take all the business away from your flawed plan. : -- nm - Beryllium Nov 12, 13:21 3
- Build Teslas. -- nm - Mop Nov 12, 13:27
- :-) -- nm - Beryllium Nov 12, 13:21 1
  - Good luck. Having a plant doesn't gaurantee profitability. - TWuG Nov 12, 13:32

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My thoughts on an auto bailout

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