Auto Industry Bail-Out FAILS!

Lance's picture
Submitted by Lance on Fri, 2008-12-12 09:56

Courtesy of the Beeb.

Why did it fail? The United Auto Workers (UAW) union refused to take a wage cut that would "bring them into line with their Japanese counterparts".

Oh sweet irony. Laughing out loud

3 cheers for the UAW!


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Evil is impotent

gregster's picture

The outcome will demonstrate.

The failure of irrationality (evil) all across politics will pronounce the truth that Lance etc have been perennially saying.

Steady

Ross Elliot's picture

The Republicans via Paulson will still throw $15 billion at them via the TARP fund.

Let them go bankrupt!

Jesus, can you imagine a Detroit in five years time that has learned it's lessons--mainly from the American-trained Japanese automakers--producing great cars at competitive prices?

No, we can't have that.

The rust belt is getting rustier. It's corroded to the point of collapse, and Michigan is about to become a fully-owned subsidiary of the federal government.

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