Quote:
Originally Posted by Porsche-O-Phile
One way or the other, the UAW has to be killed off. Whether it's done by some sort of bankruptcy with a "new" company coming out of the ashes or by government intervention (never happen) or some sort of buyout, it simply needs to occur. I'd say the blame for Detroit's failure is split more-or-less right down the middle - about half attributable to idiotic, short-sighted and boneheaded upper management decisions and about half to the UAW for creating an entrenched culture of corruption, exploitation, abuse, phat salaries, benefits & pensions completely inconsistent with the value of worker contributions, etc.
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I agree. When Cerebus bought Chrysler from Daimler, many speculated that since Cerebus was coming in from outside the automotive community, they would have some pull in regards to either tightening the reigns on UAW, or getting rid of them altogether. Apparently, that has not yet happened, nor does it look like that will happen.
My original comments about having the gov't bail out the auto industry needs a little clarification: I think the government's plan to help bankers and folks who defaulted on their loans due to improper planning is not the answer. But that seems to be what the plan is. Therefore, if they are already going to do something that stupid, then why not carry it a step or two further? At least with the automakers, the money will eventually land in the hands of those who are working, or trying to earn a decent living.
Just my $0.42,
-Z-man.