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Michael Moore on the Auto Bailout
Message
De
13/12/2008 02:00:16
 
 
À
12/12/2008 16:25:46
Information générale
Forum:
Politics
Catégorie:
Autre
Divers
Thread ID:
01367086
Message ID:
01367146
Vues:
9
>http://michaelmoore.com/words/message/index.php

Hmmm...OK, let's deconstruct Moore's message.

First, I find it ironic that the title of his piece is "Senate to Middle Class: Drop Dead" when he argued in his film "Roger and Me" that GM workers were underpaid and implied that they were lower-class slave labor. But we'll put that aside for the moment.

In a worst-case scenario GM would shut down and the trickle-down effect to supplier firms would indeed amount to close to 3 million unemployed. But, that number ignores aftermarket sales, parts suppliers who only rely on some income from new car sales, et al.

Moore ignores the bankruptcy option. Yes, workers would lose jobs (not 3 million!) and GM would be in a deep hole to dig out of but Chrysler did it in the late 70's and GM could, too.

So then he goes on a diatribe about how evil vampiric Republicans are and how they are using this to union-bust.

Sigh.

There is a thriving automobile industry in America. The nameplates are Toyota, Nissan, and BMW (amongst others). The plants are run efficiently, the workers are fairly paid and the management, I suppose, may be more attuned to what the market looks for.

Over the past 2 years GM has lost $51 billion. The hopes of the company rest with the Volt that is a great car but will have to be priced at $50K and not a lot of people will pay that. GM is doomed no matter what and any investment the government (read: taxpayer) makes is almost surely doomed.

Let 'em go down. What emerges from the wreckage will be stronger, more nimble, and more able to address the market.

As Dennis Miller used to say: That's my opinion, I could be wrong.
------------------------------------------------
John Koziol, ex-MVP, ex-MS, ex-FoxTeam. Just call me "X"
"When the going gets weird, the weird turn pro" - Hunter Thompson (Gonzo) RIP 2/19/05
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