Detroit Makes Great Cars
Chrysler and GM's 2009 and 2010 cars are beautiful. They also appear to have great features and good gas mileage. Their biggest problem was high gas prices. Obviously, on top of higher unit price due to extravogent wage and benefit packages, a severe downturn in sales was the result. We still are not developing more oil recourses (or gas, shale, coal, or nuclear). Alternative energy is a long way out notwithstanding Cap-and-Trade, which is the histories biggest scam. It seems that we can not expect a different result even with marginally improved gas mileage vehicles. Further government intervention is the predictable outcome.
However, there is now a new wildcard. Since Chrysler workers now own a 55% stake in the company, their economic interests no longer align with the union. Perhaps they should decertify their unions and demand lower wages. Even union wages are chicken scratch compared to capitalist profits. At least that is what I always hear.
However, there is now a new wildcard. Since Chrysler workers now own a 55% stake in the company, their economic interests no longer align with the union. Perhaps they should decertify their unions and demand lower wages. Even union wages are chicken scratch compared to capitalist profits. At least that is what I always hear.
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