Now just where does this Todd J. Zywicki fella get off using actual LOGIC??
While Washington tries to arrange a bailout, the Detroit Three auto makers and their union, the United Auto Workers, keep insisting that bankruptcy would be the kiss of death. Not so: a Chapter 11 bankruptcy filing will likely result in a stronger domestic industry.
…
General Motors looks like a financially failed rather than an economically failed enterprise — in need of reorganization not liquidation. It needs to shed labor contracts, retirement contracts, and modernize its distribution systems by closing many dealerships. This will give rise to many current and future liabilities that may be worked out in bankruptcy. It may need new management as well. Bankruptcy provides an opportunity to do all that. Consumers have little to fear. Reorganization will pare the weakest dealers while strengthening those who remain.
Seriously, who is allowing this subversive claptrap to go to print? Off with their heads!
“Reorganization will pare the weakest dealers while strengthening those who remain”
That’s the problem right there… the UAW exists to protect “the weakest”, and to ensure that they receive as much (or more) benefit as the strongest.
They’ve sucked their relatively small well dry, now the leeches want to open the financial taps with the government, because they see them (actually, us) as a never-ending source of graft.
jana
December 16th, 2008
I think it was Barone who was saying that the “bankruptcy” wail was a red herring. It cited the fact that bankruptcy would also free the Big 3 from legislative impositions on their industry, and that Pelosi and Reid don’t want to lose that leverage of their green agenda over the domestic auto makers.
I’m off to make popcorn. Later, I’m going out to hug my Lexus.
Joan of Argghh!
December 16th, 2008
sorry if this offends anyone … but IMNSHO, unions exist solely to protect the lazy and incompetant (and allow the crooks at the top to make more than the POTUS).
I read a very good review today regarding this situation, and the reason the UAW is fighting so hard to avoid Chapter 11 … they’re trying to protect the most diamond-encrusted 24k gold medical care in the entire world, including our governments.
pete in Midland
December 16th, 2008
LG, don’t miss your chance to be on the his list.
Joan of Argghh!
December 16th, 2008
@Joan of Argghh!: All joined up.
Liberty Girl
December 16th, 2008
@pete: You’ve got it exactly right, my friend.
I’ve been fighting an uphill fight against a couple of my lazy coworkers who are trying to unionize our office. (Who would have ever heard of unionizing weather forecasters, for crying out loud??) Anyhoo, it looks like I’ll be unsuccessful, so I’m going to have to find another job because I refuse to pay dues to a union, and Kentucky is not a right-to-work state.
D.W.
December 16th, 2008
Oh, and I signed the “list”. Screw Algore.
D.W.
December 16th, 2008
OMG I just read the article you’ve linked to in the upper right corner (TODAY). What the hell is wrong with people? Psycho parents who crave attention and are getting it, unfortunately. I can’t believe some child protective agency isn’t all over those assholes.
dogette
December 17th, 2008
DW … I actually did quit a jib when it looked like they were going to get unionized. I lesarned my lesson many moons ago … while in college I worked on a trucking dock to earn my way … got “chastized” the first day for working too hard.
The union checkoff bill will be the mark of death to US industry … and I’ll be retiring and moving back to Alberta … or wherever the general feeling is as antio-union as I am.
pete in Midland
December 17th, 2008