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November 27, 2009

Let them fail

A vibrant free enterprise system has to allow failures as well as successes. We should not be proping up any company or industry. Management in the big three has been terribly incompetent in telling the labor unions NO. Few will remember that it was the government that was responsible for the initial one sided union agreements when it hammered General Electric using the National Labor Relations Board to severely criticize GE for standing up to the unions after the 2nd world war and basically told industry to cave in to the labor unions or face stiff fines from the US Govt. So once again we have the results of government interference in the free enterprise system coming home to roost. JUST SAY NO. The big three have an easy solution. Go into Bankruptcy, abrogate the union contracts and start dealing with its work force the same way Toyota and other foreign companies do that manufacture here in the USA in Tenn and elsewhere where there are Right to Work laws. Michigan has to get over, once and for all, its love afaire with union labor. The rest of America isn't interested in subsidizing you anymore. Frankly I'd have more confidence buying a car from a company in bankruptcy that showed it was facing up to its responsibilities in dealing with its labor force.

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