12.02.2008

buddy can you spare a dime?

would nationalizing gm be a good idea? maybe, maybe not. what i do know is that the big three basically screwed themselves by making oversized vehicles that the market doesn't want nor need. this isn't anything new. the writing was on the wall. so now they're expecting a bailout. the last thing they need is more money. on top of that, you have unions that have priced their members out of the market. so you have a company making a product no one wants, with the forsight of a blind mole, and an overpaid workforce. it's a recipe for disaster.

the result? union busting. most likely. it's unfortunate, but on one hand, shoveling money into a black hole ain't gonna fix it. on the other, getting paid on average $28 to work on an assembly line is completely outrageous. this goes to show how much of a balance there needs to be amongst business leadership, planning, product, and unions, in order have a successful business.