Eric the Red

Hi All,

I’ve decided to post my ideas for a bailout of the auto industry (GM, Ford, Chrysler – all big union employers which are big Democrat contributors):

1. GM, Ford and Chrysler all file Chapter 11.
2. The Government provides low interest loans so the Big 3 can continue operations, pay employees and pay suppliers and produce cars.
3. GM, Ford and Chrysler can re-work their labor contracts such that they are sustainable.

Folks, these companies have been losing money for the last 4-5 years. They were able to stay ahead because of the sales of large trucks and SUVs. Now, they are unable to manufacture products they can sell at a profit. This is why the cost of Big 3 benefits adds $1500 per car while Toyota/Honda only pay $500 per car.

Thays why UAW bosses are shaking in their over-fed fat asses.