Socialism and communism

[mrstickball]

Kasz216 said:

mrstickball said:
Final, no, it was more at saving the industry.

America will always need cars. If the big 3 collapsed, people would still buy cars. Just not from the big 3. There *are* other car manufacturers out there, and with their increased demand, they would hire some of the unemployed.

And given how atrocious the UAW is at managing employee benefits, the big 3 had done far too much to deserve an auto bailout. Why aren't Nissan, Toyota, or Honda looking for handouts, too?

They are actually.

Or at least it's expected. 

I don't know how you can blame the UAW... the Big 3 are the ones who granted them those benifits.  The UAW weren't the ones who were supposed to handle the money that pays for the retirees and employees benfits.  The Automakers were supposed to handle all that.

http://usnews.rankingsandreviews.com/cars-trucks/daily-news/090304-Toyota-Honda-Mazda-May-Ask-for-Government-Bailout/

Toyota wants $2 billion in loans from Japan vs. GM wanting $2 billion per month. Pretty large difference, no?

And yes, the automakers were supposed to handle all of that. They failed. So did the unions for asking for too much, and striking when they couldn't get their way. Auto employees are some of the laziest, most useless workers in America, and the UAW got them into a very cushy position using their brokering power(s). Because of that, the auto companies should file for Chapter 11, re-organize with new employees, and go forward, rather than the Big 3 keeping employees that are just too overpaid vs. the foreign rivals.

That's not to say that UAW workers are the only issue. It's the Big 3's fault for making inefficient, unreliable, bad cars year after year, while foreign rivals kept doing better. Their plants are also a mess in functionality. Why is it that GM, Ford and the rest can make money overseas, and lose so much here in the US?