Most pundits on the far left, like self-described journalist Mike Papantonio, are really stretching the facts (like a slip and fall lawyer would) when he tries to whitewash the UAW’s role and its impact on the Big 3 automakers by saying that the GOP has always hated unions and that’s why, he asserts, they don’t want to bail out the Big 3. And he does this by saying that AIG, Freddy Mac, Fannie Mae are not unionized and they’re getting bailed out. Actually, none of them should be bailed out with taxpayer money. It was government intervention that put them in that position. The best thing the government can do now is to quit meddling with the free-market economy and let the market determine who wins and who loses.
So here’s my response to Mike Papantonio. AIG and the rest of Wall Street, they’re not unionized and they are failing. You say the Big 3 are failing too, but it’s not because of unions because Wall Street isn’t unionized? Nice try Mike.
I’ll tell you, Mike the journalist, what ALL of these failures have in common, in just two words. Government intervention. Intervention in a free-market economy. And there is one more commonality among all of them Mike, they are joined at the hip with Democrat lawmakers from the CRA to the UAW. That’s what they all have in common. That’s why all of them are in trouble. The Big 3 are unique however because they are unionized. For them, their problem is compounded because of the UAW and the agreements that the incompetent CEO’s signed on to. Granted it isn’t the only reason, the Big 3 have other problems as well, but it is the difference from operating in the red, or the black.
Their incompetence is echoed in their ‘plan’ before congress right now. Their plan includes the same cash-draining contracts that keep them from being competitive with the non-union automakers in the South. Because of that, they deserve and have earned the right to go bankrupt.
Reorganize, unload the union weight, be competitive, and prosper. And if it means going from Big 3 to Big 2, so be it. In a free market environment, the fittest will survive without putting taxpayers trillions and trillions of dollars into debt.