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.