Related: Interesting facts on United Auto Workers Union....
Want to see Ford's Auto Worker's union contract. All 22 pounds of it, 9 inches thick and 2,215 pages full.
Union Workers at Big Three Automakers average $73 an hour compared to Toyota at only $47.60, Honda $43 and Nissan $42!!!
But first concerning Obama's speech. Citizenlink responds.
Americans Reject Sequel to Auto Bailout
Supplying Detroit automakers with more taxpayer dollars to ward off bankruptcy doesn't fly with most Americans, 72% of whom say Congress should not authorize the additional $21 billion in emergency loans that General Motors and Chrysler are now requesting. Only 25% say Congress should provide the money.
President Barack Obama intimated in his speech before Congress Tuesday night that he, himself, does not want to reward the auto companies for their past poor performance. However, it is hard to find a constituency within the American public that might agree with his simultaneous commitment to help them anyway. The highest levels of support for granting the auto industry a second round of loans are found among self-described liberals (35%) and Democrats (33%).
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54% Say ‘No’ To All Bailouts
"....So what do Americans think about all these bailout requests?
Given the choice between federal bailouts for the auto companies, the finance industry and financially trouble homeowners or no bailouts for any of them, 54% say no bailouts period.
Just 26% support bailouts for all three, according to a new Rasmussen Reports national telephone survey. Twenty percent (20%) aren’t sure which course is better to follow.
Investors, with their eyes on the financial markets, are even more strongly opposed. Sixty-two percent (62%) of investors say “no” to all three bailouts, with 24% who favor them. Twenty-eight percent (28%) of non-investors support the bailouts, but 45% are opposed...."
"...
That's a huge, and fast, change of heart. In December, before the government approved emergency auto loans, the poll found that 61% favored some kind of government help.
"The more people understand what's wrong with General Motors, (GM) the less willing they are to support it," says Porter Stansberry, head of Stansberry & Associates Investment Research...."
