Tag Archive | "state franchise laws"

Tags: , , , ,

Auto Bailout Smoke and Mirrors

Mickey Kaus, a moderate Democrat, explains how the proposed auto bailout contains little leverage for the proposed “auto czar” to really cut the excessive labor costs that threaten the automakers’ survival, and how it is unlikely that the government will “get its money back,” contrary to what the bailout’s (mostly Democratic) supporters claim.

We earlier noted that auto workers at American-owned plants are paid $70 an hour in compensation, while workers at the U.S. factories owned by foreign car markers get…

Read the full story

Posted in Bailout Watch, Economy, Politics as Usual, Precaution & Risk, RegulationComments (3)

  • Popular
  • Most Comments
  • Most Emails