Friday, December 12, 2008

Senate Just Says "No" To Big 3

Well, the Senate, surprisingly, decided to do its job and tell the Big 3 Automakers to shove it. So I guess GM, Ford, and Chrysler will be begging the auto union (who're to blame for screwing this deal) to loan them the cash to keep in business so they can keep paying the auto union workers compensation plans that are over triple what the average American makes in a blue collar job.

Hate to say it, lefties, but the unions are almost entirely to blame for the financial crisis of the auto companies. Like most unions (teachers unions do the same, for example), they got too big for their britches and started demanding more than they deserved. I'm sorry, just because you can turn a wrench and run a forklift doesn't mean you're worth over $75 an hour in pay and compensation.

At any rate, I guess this means that Tesla Motors won't be getting their $400,000 bailout either, so we probably won't be seeing their sedan model. Oh well. I can't afford a $60,000+ electric car anyway, no matter how good it looks. Guess they'll just have to try to sell four or five more of their $109,000 Roadsters to make up the difference.

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