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Showing posts from November 13, 2008

Republicans defending Americans from the auto industry.

While I have many complaints that I have issued toward the Republican party, right now they are showing a certain amount of leadership that should be noted. The Big 3 (GM, Ford, Chrysler) are asking for 25 Billion dollars in bailout money. They are accusing the economy of destroying their business and furthermore threatening the country with devastation if they are allowed to fail. The truth is that the big 3 are destined to fail, they have created this situation themselves and it has nothing to do with the economy. The economy merely exposed their rotten infrastructure . Look at this: A blogger named Mark Perry wrote the following: "Total compensation per hour for the big-three car makers is $73.20. That’s a 52 percent differential from Toyota’s (Detroit South) $48 compensation (wages + health and retirement benefits). In fact, the over sized UAW-driven pay package for Detroit is 132 percent higher than that of the entire manufacturing sector of the U.S., which comes in at $31.