Democrats forcing the issue on bailout for auto industry

Nancy Pelosi came up with a plan that she believes will be enticing enough to get enough Republican support. This plan includes adding certain strings to the auto bailout: new fuel-efficiency standards, development of new technology “to compete in the domestic and global market” and restructuring company finances.

The Democrats also want to include limiting executive pay. In other words, the Democrats feel that they, rather than the consumers, are the ones who know just what kind of cars the manufacturers build. All this is going to do is force the automakers to build cars that the American people have already shown that they just do not want to buy. Sounds more like communism to me.

The Democrats also want to limit executive pay, but what about the over-inflated pay of the workers at these auto companies, thanks to union contracts. Did you know that $1,600 of every GM car you buy goes toward the healthcare costs of union workers? For companies like Toyota that aren’t unionized - that cost is only $200 per car. GM also spends another $1,000 per vehicle on holiday pay, work rules, plant-shutdown-pay and line-relief to UAW workers. Those are costs that auto makers such as Toyota don’t have to worry about. The average Ford, GM or Chrysler union worker makes about $71.00 or more per hour. For Toyota, Nissan and the rest … about $48.00 per hour. Do you detect a small problem here?

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Tags: bailout, chrysler, Democrats, ford, gm, honda, nancy pelosi, nissan, Republicans, toyota, uaw, union, united auto workers

One Response to “Democrats forcing the issue on bailout for auto industry”

Anthony Says:
November 17th, 2008 at 3:22 pm
The average worker makes about $71.00 an hour? I did the quick math, and that’s roughly $147,000 a year. Are you serious? How do I get a job as an assembly line worker at a car manufacturing plant?