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14 hours ago
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Bret Taylor, Keith Pelczarski, Ross Miller and 6 other people liked this
"For Detroit, [bankruptcy] means release from ruinous wage deals with their astronomical benefits (the hourly cost of a Big Three worker: $73; of an American worker for Toyota: $48), massive pension obligations, and unworkable work rules such as “job banks,” a euphemism for paying vast numbers of employees not to work." - Jess Lee
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Like for the overall idea, not for the political name calling etc. - Erica Baker
I don't know precisely how the proposed bailout is structured yet, but it definitely gives me a scary, icky feeling at first glance. And while I do think that labor costs are *part* of US automakers' problems, it's obvious that they're far from the whole story. - Joel Webber
It's also worth noting that the article's author is Charles Krauthammer, who's hardly a useful source of unbiased information. Some of the commenters go so far as to suggest that US automakers would be fine if it weren't for CAFE standards, which is pretty absurd given that they also apply to companies that are doing just fine. - Joel Webber
