The auto bailout is about throw 15 billion good dollars after trillions of bad. First the American auto industry is not in as bad a situation as the UAW and certain mid-western pols would have you believe. Detroit is a mess. GM is a mess. Ford is a mess. Chrysler is a mess. But the American auto industry in the south – Hyundai Toyota Honda - is thriving.
Why is that? Well they don’t have to deal with the UAW for one. They don’t open and maintain scores of unprofitable dealerships, for another. And in one of the more insane programs in any industry, let alone one begging 15 billion dollars of taxpayer money, they don’t have to deal with paying thousands of employees millions of dollars for doing nothing.
It’s true. In something called a Jobs Bank - a two-decade-old UAW program - nearly 15,000 auto workers continue to get paid after their companies stop needing them. To earn wages and benefits that often top $100,000 a year, the workers must perform some company-approved activity. Many volunteer or go back to school. The rest clock time in a place called the rubber room. In Flint, MI the rubber room is a windowless old storage shed. It is filled with long tables and has space for about 400 employees. The “employees” (A person who WORKS for another in return for financial or other compensation) must arrive at 6 a.m. each day and stay until 2:30 p.m., with 45 minutes off for lunch. A supervisor roams the aisles, signing people out when they want to use the bathroom.
Yes, your hard earned Yankee tax dollars will be providing automakers money to fund their rubber rooms where millions of dollars will be paid out to UAW members who are no longer needed to place the “horse collar” grill assembly onto the Ford Edsel, stuff horse hair into the rumble seat upholstery of the Model T, or assemble the vacuum tube car radios replaced 30 years ago by solid state assembly.
This is idiocy of the highest order, which is exactly why it will sail through a Democrat congress.
2 comments:
Congress, that has squandered trillions of dollars is lambasting the car companies that have only squandered billions. Congress also wants a Car Czar or Czarina to drive the final nail into the coffin of the car companies. The mafia Don Governor of Illinois has been caught by the FBI trying to sell a senatorial seat (Obama's) to the highest bidder. And today is the call-in-sick Gay Day. My 401k puching bag has bandages all over it and we are two weeks from a Christmas that our teachers tell my children is a nondescript, pagan holiday for non-intellectuals. One needs stady nerves right now.
Griffin The Pissed
Obama did it for us! There is a bailout for the people. Obama has started a new grant program. Everyone qualifies. I got $750,000.00USD in grants for my bailout.
Claim Your Bailout
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