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I do agree that the autos need to be bailed out / rescued but to do it without forcing them into bankruptcy first to break some contracts and agreements is crazy.



Good quote. The auto industry needs some type of bail-out but the only way to fix the problem is to restructure them completely.

In a very simple example, guys on the line at Ford make upwards of $20-$30hour to push a button. In China, someone would get paid $1 an hour (if that) to accomplish the same task.

You can argue this has to happen because of our economy and standard of living etc, but these blue collar workers are getting treated like gold for doing menial tasks. With the backing of strong Auto union's, the workers never had anything to worry about unless the company was on the verge of going bankrupt. whoops.