Entitled to Success

Since when did it become the government's responsibility to prop up failing businesses? The reason GM, Ford and Crysler are broke is that they can not compete economically with other automobile manufacturers. Regardless of any other factor, it comes down to American manufacturers having costs that are too high. Until the costs of manufacture are reduced to the point that American maunufacturers can make a profit on every car, an injection of government money into the industry can be nothing but a waste of money. It will not be an 'investment', but a subsidy. Those of us who work day in and day out, in industries with benefits no where near as bountyful as those enjoyed by the membership of the UAW, will be subsidising the benefits of the UAW.

The reality of this whole situation is that the American Automotive Industry has allowed the UAW to negotiate it into insolvency. The salvation of the industry will depend on the UAW being willing to realign it's benefits structure with what the industry profitably support. The irony is that if the union does not realign benefits, it stands to lose all benefits in the inevitable collapse.

It may come as a shock to some, but the American Automotive Industry is not entitled to success. Success is the product of competition. Until the American Automotive Industry can compete economically, it will fail.