Do you think the geniuses in Congress can do the math? Lets see. 73. That would be the average hourly labor costs paid to UAW workers by the not-so-big three Detroit automakers. 44, on the other hand, is the average hourly labor costs of the other car manufacturers in the U.S., i.e., Toyota.
So, what's the answer? 73 - 44 = an untenable business model. The geniuses in Congress, mostly democrats, who are beholden to the unions and the environmental wackos, have pressured the auto makers to accept ridiculous UAW contracts, and have imposed CAFE standards upon them. Add to the cauldron the big-bonus nincompoop auto execs that came up with the Hummer and the Scion, and you come up with a poisonous potion worthy of the Wierd Sisters of Macbeth.
Now the same geniuses, plus Bush and King Henry (Paulsen), want to use my money, my hard-earned money, to bail Detroit out. Not to worry, you say, its a loan to Detroit, and they have to pay it back to the taxpayers. Remember the last time Congress said the loans would be paid back? Its called the sub-prime mortgage crisis.
NO MORE BAILOUTS!