Detroit Bailout — More than Meets the Eye
House Democrat leaders are pushing for another bailout of American car manufacturers. $25 billion in loans have already been approved and Sen. Debbie Stabenow is looking for another $25 billion more.
Of course, the loans would come with no strings attached meaning that the taxpayers’ monies would finance and underwrite existing United Auto Workers (UAW) contracts that are the cause of much of the recent difficulties. The Wall Street Journal notes that these contracts even pay workers not to work.
American automobile dealers need fundamental reform, not a handout from the taxpayers. Any reform package must include giving the American auto worker the ability to exercise his/her Right to Work. Don’t hold your breathe — especially with the band of Big Labor supporters currently running Washington, DC.