Saturday, November 22, 2008

Auto Bailout Myths

The most succinct and sane piece I've found that explains why the big three automakers in Detroit should NOT be bailed out was published in WSJ yesterday.

Personally, I found more evidence while talking to a ham radio operator a couple of weeks ago. He had a two-way HF radio in the cab of his semi-trailer, and he drives all over the country, delivering freight. When I talked to him, he was sitting in a parking lot next to the loading docks at Ford, waiting to unload parts that are used to build cars. He had been waiting there four hours when I talked to him. Everyone he had asked about where to back his rig up to in order unload had told him, "...that's not my job."

1 comments:

Jim O'C said...

OTOH, the Big 3 would LOVE to declare bankruptcy, because that would let them dump their pension obligations on the middle class taxpayers like you and me.

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