The Cure for the Auto Industry

NO IT IS NOT BOURBON. But you could use a sure nuff good dose for pain relief if they use my proposal.

Here it is. LET EM FAIL!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Use a preplanned bankruptcy like the airlines used. Here is what you get reorganized streamlined automotive manufacturers more focused on what we want and better able to compete with the "foreign" automakers that make cars in such foreign places like Mississippi, Tennessee, and Alabama; debt restructured such that they can pay for it, pension plan benefits that are more on a normal level, and a new contract for the UAW that is overseen by the court such that the benefits are more in-line with the level of profit each employee provides to the company. Detroit's cost are 2.5 to 3x the "foreign" automakers, and everyone wonders why Detroit cars are lower quality for the same price. If they could put the labor cost into quality improvements, we could get the same car for 10 to 15% less and have the Big 2.5 make a profit.

I do not want to see the U.S. automakers fail, but sometimes it takes a Phoenix type revival to start again. I agree that the U.S. auto industry has suffered mismanagement in the past, but the UAW is over 50% of the problem. It is now a time to give the UAW a choice. Good paying jobs for the next 100 years or a great paying job for the next six months. Gettlefinger has a tough choice take a hard line and become irrelevant, or swallow his pride and do what is best for his union members, the auto industry, and the country. We shall see what choice he makes.