Interesting comments by KarenDeCoster:
I've got news for all the non-thinking journalists who keep saying that "Detroit is collapsing." Detroit is not collapsing (whatever that means). Three automakers born of Detroit are no longer financially able to continue to operate their businesses. They are financially failed because they long ago sold their souls to union thugs who have run their businesses in the best interests of the UAW's very-highly paid executives and managers and their autoworker constituency. Boom times and credit bubbles (and recent bailouts) masked dead business models and insolvent companies. Now that the veneer of phony prosperity and excesses has been stripped off the economy, the naked auto companies are a frightening sight to behold - sort of like the Hollywood celebrity bikini/cellulite photos in the National Enquirer.I should point out that the Toyota plant in San Antonio isn't doing so hot, either.
So now, Detroit automakers and unions seeks to use aggressive tactics against the others to maintain their current status. The automakers seek the theft and redistribution of other peoples' money in order to sustain their failed businesses. The UAW seeks to use legislative fiat to extend the power of their union and plant their gangs in the South. In the South, the market has spoken in one aspect - the unions are not wanted by the workers.
"...a frightening sight to behold - sort of like the Hollywood celebrity bikini/cellulite photos in the National Enquirer"
ReplyDeleteI just love that. Not the cellulite, but the analogy.
If you read her original post, she linked that phrase to an example photo, which I do not recommend viewing.
ReplyDelete