BAILING OUT GM, FORD AND CHRYSLER BY GIVING THEM MONEY WOULD BE A MISTAKE

TWO GEMS FROM GLENN:

Total compensation per hour for the big-three carmakers is $73.20. That's a 52 percent differential from Toyota's (Detroit South) $48 compensation (wages + health and retirement benefits). In fact, the oversized UAW-driven pay package for Detroit is 132 percent higher than that of the entire manufacturing sector of the U.S., which comes in at $31.59.

posted at 02:20 PM by Glenn Reynolds

MEGAN MCARDLE ON TALK OF AN AUTO BAILOUT: "I do think that the UAW is perhaps the grossest example of something toxic about what a lot of American unions have turned into. . . . First, after the unions have put companies into an untenable position, they come to the rest of us looking for a handout to continue the unsustainable levels of pay and benefits. Almost everyone I know makes less than an autoworker, and has a whole lot less job security. Why should they pay autoworkers for the privilege of making cars no one wants?"

posted at 04:35 PM by Glenn Reynolds

THEN THERE'S THIS CHART VIA GATEWAY: UAW Contracts Put Detroit On Road to Ruin, and A $50B Bailout Would Only Be The Down Payment

• FOREIGN AUTOMAKERS DO FINE MAKING CARS HERE.
• IF GM AND FORD AND CHRYSLER CAN'T THEN EFF'EM.

IF THE DEMOCRAT POLITICIANS RUNNING THE FEDERAL GOVERNMENT WANT TO HELP THE BIG THREE, THEN THE ONLY WAY THEY SHOULD DO IT IS BY GIVING US TAXPAYERS $2000 VOUCHERS FOR BUYING THEIR CARS.