Speederlander wrote:
The issue is two-fold for Detroit.
1. Wall Street wants cheap labor, so jobs are going to leave the U.S. Workers in the U.S. cannot compete with workers making a dollar an hour with no benefits and minimal health or safety regs. Period, you simply cannot compete.
2. The automaker management and the unions f*cked themselves. Really. Of all the U.S. industries that woke up late to their own bullsh*t, the auto industry is at the TOP of the list.
Everyone knows I am a major outsourcing opponent, but the U.S. auto industry (management and unions) failed to get a clue when it was staring them in the face starting 20 years ago. My sympathy for the U.S. auto industry is fairly well limited to my concern with losing the industrial base, not sympathy so much for the industry as a whole.
I agree with about the Unions, and you can see how our airlines fair against others like the asian airlines. Of all the airlines I fly the asian based ones have far better seats, far better planes, far better service. Its night and day.
Regarding competing. It is from a lack of Western Countries mostly, standing up and embargoing goods made under lesser conditions than we expect of our own. They allow goods to be imported that we would not allow to be manufactured under those conditions. Well no duh you cant compete. This of course is done so that a certain country will fund our debt, that keeps growing.
Want to know what the effects of long term stimulus spending when you are in debt is? You are looking at it.
Just wait until Social Security comes to a head, think it looks bad now?