Congress debates the auto bailout.
Today congress met to discuss whether or not to bailout the auto industry or rather the Big 3. As mentioned in a previous post, the BIG 3 are controlled by the UAW and they are running the show in Michigan. Specifically their wages and benefits twice exceed that of the competitors. However what I find most shocking is the very essence of discussing a non-existent issue. While I can understand the job loss and suffering that will inevitably occur with the collapse of these three companies, since when is unemployment or saving of ANY industry the responsibility of taxpayers? In fact, calling this an auto bailout is somewhat of an injustice, because only three companies are facing bankruptcy, while plenty of companies in America that manufacture automobiles and not facing such dire straits. Therefore the claim that the UAW president made alleging that the economy has forced the three companies to declare bankruptcy does not hold water, otherwise we would expect every auto company to fo