Obama and Congress to Show Carmakers How to Run a Successful Business: This Should be Fun

Barack Obama and the U.S. Congress know better than auto makers how to run a succesful business.

You see, Obama and Democrats in Congress have figured out that the crux of the problem is that the auto industry needs to make more "green" cars.  

To listen to Pelosi, auto makers' current financial problems don't, apparently, have anything to do with their ruinous labor costs due to the lavish wages and benefits labor unions have negotiated.  "Pelosi did not mention any plans for the UAW to make any concessions as part of the legislation."

So auto makers will come to Congress with their proposal to build "green cars," and Congress will give them billions of taxpayer dollars, and in a matter of months or years auto makers will be back in front of Congress again, explaining that making green cars has not, oddly enough, solved their financial problems.

Do you hear a giant sucking sound?

Comments

[yes but truthfully]

Let see if I can comment and whether you will (again) alter my comments
Whatever. All I can say is that if you want to continue making it a Democrat / Republican issue then Bush is the guy you should be shooting. In 8 years he's brought the US to it's knees.

If you want to look at the financial crises as a massive problem that the world now has, then yes - lets get off oil as quick as possible - so that we are not dependent on these crazy countries in the middle of knowhere and so that we can eventually make this world a much cleaner and healthier place.

Whether Obama, etc are right about what they want to do is another story, but the first world countries need to take the lead in helping save this planet.

Nice weekend.

[Blowe]

I drive a prius and until the us automakers start producing vehicles that are worth a damn I will continue to drive an import. I live in MI. and the auto industry is in shambles due to three factors
1.) over production in unstable economy
2.) Poor marketing and sales showings (economically enhanced thanks dubya)
3.) Cost of oil and overall dependace on forign oil supply

It isn't about a business model it about people not having jobs let alone money to buy cars, car prices are up jobs are non-existant, and everyone will feel the pinch until Bush is out of office and Obama can re-invent Clinton's policies.

[jack]

"The Big Three's workers make, on average, $74 an hour - the highest paid in the country. Their Japanese counterparts, on the other hand, offer their non-unionized American workers just $47 and hour."

Time to share some wealth from the CEO's right down to the man/woman on the line.