By the Numbers - November 2008: Brother, Can You Spare a Dime Edition - Autoblog
Recently sales of automobiles have been way down. I read also that auto workers make about $50.00 per hour. According to the Federal Government the average US hourly wage is a little over $18.00 per hour. Kind of makes you wonder why car manufactures are asking the rest of use who make a third of their employees to bail them out. Maybe the first thing they should do is cut
every ones pay by about 50%, fire about a third of their executives and then look at the financials before coming to the taxpayers.
The government does not bail out anyone. The taxpayers bail them out when the government hands out money. We are taking money from people who make an average of $18 per hour and giving it to bankers, brokers, real estate investors who often make a lot more than that. I don't think it is fair to have regular folks who work hard, pay their bills, pay their taxes to bail out companies that can't make a profit.
When companies are about to go broke, then perhaps they should seek
bankruptcy protection. If they have
assets that can be used, then they should be sold off. I am reluctant to give
management a second chance when they have already driven a company into the ground once. I understand that sometimes things happen outside the control of an individual or even individual company, but there is a difference between just giving them money and helping solve a problem. Perhaps the government could just give every American a low interest loan for five years that's enough to buy a car. Then at least we would all get something out of the deal, and then the car companies would have to compete; that's the view from the Hysterical Right Wing.