I'm a little erked to say the least after watching the news tonight...the presidents of the UAW/CAW will not offer concessions to their employers to survive and keep their jobs.
Not only is this greedy, big headed, arrogant and stupid...it is Russian roulette. Now, they aren't the full cause of the problem, as CEO's continue to be compensated like top bankers, but the ridiculously high wages and benefits of the average line worker is a major root and contributing factor.
This just didn't happen overnight. It has taken years to fester and now is at risk of fully collapsing. This latest economic crunch has just made it come to light sooner but was inevitable.
One way or the other, we will all feel a ripple or two if these automakers do not survive the current crisis. Not to mention, the thousands of Tier 1, 2 and 3 parts makers and dealers etc...
I support an assistance program, but certainly not a free lunch from the government at our expense. The media keeps using the term 'bailout'; it most certainly is because of the domino effect from greedy executives and unions.
Just my two cents...I'm just curious to hear other's opinions.
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