NEWSHOUR w/ JIM LEHRER | SHIELDS & BROOKS Dec. 19 2008 | PBS
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If the automobile industry is to be saved, the Obama administration will have to ask the resignation of Wagner (GM-CEO). The workers should also get cut in their wages.
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If you look at people working in the banks, they do not get as much as auto-workers, even though the banks make so much more money. In the Banks to make $35,000/year, one has to have a degree, in the auto industry, without any education a laborer makes well over $50,000 plus all the benefits. I mean if they take lower wages, and reduce the price of the units they sale. Plus the CEOs should also take a cut.
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they're not all just going to go out of business if there is no bailout plan. yes there will be layoffs, but costs will need to be cut. every other industry is having hard times too and needs to act accordingly, no reason the auto industry can't do it on their own either.
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Tax the company's that may loose the most money if the car company's go down the oil company's. They have made the most money.Let them dish out a lump sum of cash.
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Thanks so much for adding these. I don't normally watch television, but I do try to watch the Newshour. These help when I miss it!
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David Brooks: "Auto companies are fundamentally unviable compared to merill lynch and bear stearns?"
Quite a surprising argument to make. The losses due to financial 'innovation' have been only a few trillions of dollars.
Thank you folks at PBS for uploading these ;)
Happy holydays and new year to you guys, keep up the good work!
silversalvo 3 years ago 3
Thank you!
PBS 3 years ago