Cato Out Loud: The Auto Bailout

If you want a job you must follow them to China !!

I did not know GMs vehicles parts and engines were made in China. +D Nice!

That wouldn't be a problem if the cars they sold were in very high demand or premium products.

But is seems they are hell bend on being the low cost / lost quality leader and they should have moved their plants to a cheaper labor market a long long time ago...

Its hard to compete with other companies that have less labor costs. They do outsource jobs, they also had to outsource from Michigan because the taxes are very high there. You are right though. Michigan's high taxes, poor product, and high labor costs (Unions) have destroyed them. I agree with this video, let them go bankrupt, liquidate, entrepreneurs can buy up the worthwhile assets, start over, make better, more fuel efficient cars, get out of Michigan and kick UAW to the curb.

If the free market were allowed to work, we wouldn't be talking about the UAW right now.

I can appreciate your anger and frustration with the UAW, but the root of the problem is a Federal Government that is undermining the core self regulating principle of the free market, which is the fear of failure.

Check out the vid on my channel I think you will enjoy them!

Will do. I'm definitely a huge advocate of the free market. I am a libertarian. Unfortunately, for now, I have to fight just to keep socialist bill after wasteful "stimulus" after liberty denying bill from passing.

Masfoljo, what you don't realize is that the compensation isn't just in wages, @ the Big 3 there are pension costs, medicare, workers comp, and cash just flowing out of the plants. Average compensation per worker @ GM is $120 000 a year. UAW must die.

Agreed!!