The Auto Industry Bailout

So, the US automotive industry (General Motors, Ford, and Chrysler) want their own bailout by the Federal Government.

Mitt Romney said “no.”  Given his business success and his father’s connection to the auto industry, I put a great deal of faith in his assessment.

Still, the big three are still begging for help.

They do need help — but not from the government.  They need help from their unions.

If you don’t believe me, check out this amazing video of “Ford’s Most Advanced Plant” — in Camacari, Brazil.

Be impressed with what you see, but be alert to the concluding phrase:

“Sources in Dearborn say privately that this is the sort of facility Ford would love to build in the US, if only the UAW (historically adverse to this sort of supplier integration) would allow it.”

If a automotive bailout occurs, it should come from the unions — not the government.

What do you think? Please leave a comment!