David Brooks: "Auto companies are fundamentally unviable compared to merill lynch and bear stearns?" Quite a surprising argument to make. The losses due to financial 'innovation' have been only a few trillions of dollars.
Tax the company's that may loose the most money if the car company's go down the oil company's. They have made the most money.Let them dish out a lump sum of cash.
If the automobile industry is to be saved, the Obama administration will have to ask the resignation of Wagner (GM-CEO). The workers should also get cut in their wages.
If you look at people working in the banks, they do not get as much as auto-workers, even though the banks make so much more money. In the Banks to make $35,000/year, one has to have a degree, in the auto industry, without any education a laborer makes well over $50,000 plus all the benefits. I mean if they take lower wages, and reduce the price of the units they sale. Plus the CEOs should also take a cut.
Walk down memory lane right here, especially when cognizant of Blagojevich's recent sentence commutation.
David Brooks: "Auto companies are fundamentally unviable compared to merill lynch and bear stearns?"
Quite a surprising argument to make. The losses due to financial 'innovation' have been only a few trillions of dollars.
Tax the company's that may loose the most
money if the car company's go down the oil company's. They have made the most money.Let them dish out a lump sum of cash.
If the automobile industry is to be saved, the Obama administration will have to ask the resignation of Wagner (GM-CEO). The workers should also get cut in their wages.
If you look at people working in the banks, they do not get as much as auto-workers, even though the banks make so much more money. In the Banks to make $35,000/year, one has to have a degree, in the auto industry, without any education a laborer makes well over $50,000 plus all the benefits. I mean if they take lower wages, and reduce the price of the units they sale. Plus the CEOs should also take a cut.
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