The US Senate failed to pass the Auto Industry Bailout Bill on Thursday night. The United Auto Workers Union failed to concede to reduced wages and benefits.
What does this mean? Let the free market solution work. Capitalistic Darwinism. Survival of the fittest.
Though no one wants to see any hard working American lose his/her job, the fate of the UAW remains hazy. Hopefully, the Big 3 will be forced to enter into bankruptcy which will enable them to renegotiate their debts, dissolve the union and rise above the ashes as stronger, more economically viable companies.
The American Automobile is not dead. The bailout is. It's a necessary evil.
God Bless America. God Bless the Conservatives who stood their ground in the Senate.
RELATED: Check out Slate.com article on Union Work Rules. Highlights another reason for inefficiency at Big 3.
No comments:
Post a Comment