Tuesday, November 18, 2008

No Union Bailouts

I don't like this auto bailout one bit. They're basically asking us to pay for the mess made by labor unions. I realize that many people will lose their jobs, pensions, etc. if GM is allowed to go under, but simply giving them a blank check with no conditions would be idiotic. All three of the Detroit automakers need to go through a complete restructuring process, and this should be a condition of any taxpayer money being sent in their direction.

I believe that most of the problems they are facing right now can be traced back to labor unions and our government's self-defeating tax policies. You'd almost have to be an idiot to try and run a large company in this country, especially now that the socialists have taken over. Corporate tax rates are exorbitant in comparison to our main international competitors, and labor unions are costing all of us more than they are worth. These companies are not competitive in their own market because they aren't competing on a level playing field.

I say no bailout unless the UAW is forced to renegotiate their labor contracts, reducing salaries and benefits down to what the market decides is reasonable. We, the taxpayers, are not the ones who should have to tighten our belts, while the people responsible for this whole mess keep on as if nothing is wrong. Congressional conservatives should oppose any legislation that doesn't force a big change in the way these companies do business.

Unfortunately, I don't think we can expect the same from our president in waiting. Big Labor helped purchase his place in the White House, and we all know what that means. Change we can believe in, my arse.

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