From NRO’s The Corner:
Here’s a stat from my friend, blogger Mark Perry: Total compensation per hour for the big-three carmakers is $73.20. That’s a 52 percent differential from Toyota’s (Detroit South) $48 compensation (wages + health and retirement benefits). In fact, the oversized UAW-driven pay package for Detroit is 132 percent higher than that of the entire manufacturing sector of the U.S., which comes in at $31.59.
I don’t care how much money Congress throws at GM. With that kind of oversized comp-package they are not gonna be competitive. It’s throwin’ bad money after a bad cause. What a way to start the new Obama era.
I’m finding less and less arguments in favor of keeping the Federal Reserve and not going back on the gold standard…
One thing this whole financial mess has demonstrated conclusively is that politicians and corporate executives are entirely too pin headed to run an economy. The twits are asking us to trust them, again, because this time they’ll use our money wisely…promise! Here’s a concept – why do we need a “big three” set of automakers? Why can’t there be a dozen regional automakers competing fiercely for our dollars? What is the purpose of the United Auto Workers other than for employment of corrupt union bosses and donations for corrupt Democrat politicians? Anyone seriously think that if the UAW is dissolved that people will have to go back to working 12 hours a day for a dollar?
I’ve become the sworn enemy of Big Government and Big Corporation – no more of this archaic “what’s good for GM is good for America” nonsense…and neither is there any sense involved in thinking that some government hack in DC can figure out what we need in our States and communities. Any of you pinkos out there want to join me in this, I’ll welcome you with open arms – we’ll part company on a lot of issues, but if you wish to war on government and corporations, then I’m your ally.
It is high time we stopped allowing this sort of idiocy – a free man (or woman) owning his own property and able to look after himself and his family, that is what we are supposed to shoot for. We have to encourage useful things – growing stuff, making products, digging materials out of the ground. One man starting up a small manufacturing business in a depressed neighborhood is worth a dozen Ivy League economists trying to convince Obama that government can actually do something worthwhile in the economy. Think about it – did Henry Ford start out as a major multinational corporate boss? Heck no – he started out very small and worked his way up. Now it might be time for his company to bite the dust, and allow some modern day Henry Ford to work it out anew and figure out an even better way to get cheap transportation into the hands of the average American.
America has been buried under and avalanche of corporate and socialist garbage for nearly a century now – time to bring it to an end.
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