Should Bailout Pay GM Employees to NOT Work?

by LukeAmerica2020
Megyn Kelly, of Fox News, asks former GM V.P. Bud Moore “How can you ask taxpayers to lend you money when you pay workers who no longer work for you?” He answers, “Because GM is caring company and the union is a very supportive organization.”

This video is from the RadioVice YouTube channel.

Here’s an excerpt from Mitt Romney’s editorial in the New York TimesLet Detroit Go Bankrupt”:

First, their huge disadvantage in costs relative to foreign brands must be eliminated. That means new labor agreements to align pay and benefits to match those of workers at competitors like BMW, Honda, Nissan and Toyota. Furthermore, retiree benefits must be reduced so that the total burden per auto for domestic makers is not higher than that of foreign producers.

That extra burden is estimated to be more than $2,000 per car. Think what that means: Ford, for example, needs to cut $2,000 worth of features and quality out of its Taurus to compete with Toyota’s Avalon. Of course the Avalon feels like a better product — it has $2,000 more put into it.

 

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5 Responses to Should Bailout Pay GM Employees to NOT Work?

  1. Jamie Holts says:

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  2. Jamie Holts says:

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  3. I must say this is a great article i enjoyed reading it keep the good work 🙂

  4. Jamie Holts says:

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  5. Jamie Holts says:

    Hi. I read a few of your other posts and wanted to know if you would be interested in exchanging blogroll links?

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