Off-Topic: .Bailouts

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	Name:	Talullahhound -
	Subject:	.Bailouts
	Date:	11/23/2008 9:03:52 AM

I'm not in favor of bailouts -- at least not based on the surface knowledge that I have.
But the smart economic people seem to think that allowing the big three to fail would basically bring this country to the brink of collapse. Is that true? I have no idea, but I can imagine the reverberations that would come about with all the suppliers, dealers and support businesses. I saw an interesting fact -- the average wage for workders in the non-union car manufacturers in the South is $44 per hour including benefits, and for the big three it is $75 per hour with benefits. Do I want to see the bail out of an industry that has such inflated overhead? Not really.

For years I heard from Defense contractors doing business overseas that they couldn't compete on price with European firms who subsidized their Defense companies. They always won competitions based on technology, but sometimes lost based on price (currency adjusted) and offsets.