Ford has a state-of-the-art auto plant Camacari, Brazil that can simultaneously manufacture 5 different cars. As the commentator on this video notes, the UAW will not accept a plant like this in the US. I remember reading about this plant a few weeks back, and I believe the cost of the plant when it was built 7 years ago was $1.2 billion, which is far less than the bailout money the automakers are getting from taxpayers.
Had our Congress offered the auto companies money to invest in new state-of-the-art plants to be built in right-to-work states, rather than give a larger payoff to satisfy the UAW so that the companies can continue to pay the exorbinant benefits to auto workers, the companies would have a better chance of continuing in business. Don’t any of these UAW members get it? There isn’t a finite amount of money available to fund their greed; would they rather great benefits for a few years, or to have a job?
Filed under: Economy | Tagged: Auto bailout, camacari, uaw |
Bohicaville 
You damn liberal … next you’ll be certainly campaigning to bailout miserable failures with MY tax money … oh … you are already doing it …
Sarcasm noted.
You socialist pinko … he he he …
I’ve been called worse.
As for the bailout, capitalism works when natural cycles are allowed. By propping up failing companies, it’s just postponing the inevitable; either bankruptcy or nationalization of the industry. There are plenty of other countries that would nationalize anything they can get their hands on, but that is just unacceptable in the US.
There’s no such thing as ‘natural cycles’ in industrial societes … who in the world convinced you of this …?!!!
Historical reference. There are up periods and down periods, although I do admit that natural may not be the best term.
Take a look at 1977 to 1981; that was an unnatural downturn that was a result of the 1976 Presidential Election. This was followed by prosperity in the 80’s and 90’s as a result of the 1980 and 1984 elections.
“We have a system that increasingly taxes work and subsidizes non-work.”
Milton Friedman
The ups and downs are not cycles … they’re the consequences of our own choices … actually, ups and downs are so interspersed …