UAW Offers Their Denial as Proof

Twasn’t us. Trust us. By the way, can we have some government cheese please?

Rather than admit that the UAW’s plum labor agreements and contentious negotiations have contributed to the current gloomy situation, the United Auto Workers head man says that the economic downturn is to blame for everything, and that Congress should approve loans to the auto industry, saying “We cannot afford to…see this industry collapse.” You’ve got to love that black and white logic. The current state of the economy, and in turn the automakers’ pain, are both closely related, and separate issues at the same time.

Word to the wise: update your resumes. Any government bailout will only delay the inevitable. The Big Three will become the Big Two or Big One.

5 thoughts on “UAW Offers Their Denial as Proof

  1. Or the big none. As Powerline pointed out this morning, the market cap on the Big Three is less than seven million, and they’re probably overpriced at that. The government is probably going to give them fifty billion as a bail — err, loan, without dealing with any of the fundamentals (high labor costs, heavy government regulation, bad management, etc.)

    Can any of them survive? Or will it be that we give buckets ‘o bux to two of them, only to have the one that doesn’t get the money go under?

  2. It’s really something watching the party of Scrubs grab their ankles to save an industry they’ve been trashing for years when Big Labor needs a lube job.

  3. Or as my cousins-with their peculiar N Minnesota/Scotch-Irish accents always said “‘Tweren’t us”.

  4. It’s really something watching the party of Scrubs grab their ankles to save an industry they’ve been trashing for years when Big Labor needs a lube job.

    Dude, you’re not thinking clearly. The “Scrubs” aren’t grabbing their ankles, they’re taping your wrists to your ankles and lubing up their parts to “service” you. There’s no downside in this for the “Scrubs,” they’ll just get even more indentured servants.

    Structured as they are now, “investing” in the Big 3 is throwing good money after bad. It’ll be traumatic to bring the entire American automobile industry into life in the 1980s, but they can’t treat the world like it’s still the 50s and expect to succeed. Both management and labor need to be overhauled in that industry and right now it doesn’t seem that there’s anyone capable of doing that.

  5. GM nearly went bankrupt about 3 years ago when economic times were going gangbusters.

    Daimler dumped the Chrysler, because it was a financial albatross around their neck about 2 years ago. Economic times were starting to slow at that time, but only relative to the preceding boom period.

    This is a bunch of crap. The unions have a large responsibility in this, nearly 40 years of Piss-poor business decisions account for whatever is left. There is no way that a government bailout will fix these problems.

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