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The Stalls of Higher Thought

GM/Chrysler Get BILLION$. Workers MUST Give Up A Living Wage.

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bigfatbailout

Globe and Mail: Canadian workers at the two crippled Detroit-based auto makers must agree to slash wages and benefits by as much as $19 an hour to prevent their employers from filing for bankruptcy protection, Industry Minister Tony Clement says.

In an interview Wednesday, Mr. Clement said Fiat SpA has committed to follow through with Canadian investment promised by Chrysler LLC, if the ailing car maker can slash its labour costs and can conclude a strategic alliance with the Italian car company.

But the minister said the Canadian Auto Workers union will have to reach new deals at both Chrysler and General Motors of Canada Ltd. before the government will provide long-term loans to keep the companies afloat.

bspcomment Why is it that government’s ability to innovate reasonable solutions seems to end at the hourly worker?

How is it that banks, investment firms and insurance companies can get swift unquestioned action worth 100’s of BILLION$ but when it comes to making it work on the shop floor it always comes down to the hourly worker? Or more importantly what the hourly worker must give up in order to stay employed?

If this last financial implosion has taught us anything it is that our governments have failed us beyond measure.

Of course any sane individual knew it was only a matter of time before this lop-sided mule fell over but the unfortunate reality is that governments including Mr. Clement’s on again off again government allowed these companies to grow so massive and have become so deeply embeded in our economy that they have become economic weapons of mass destruction.

Surely it must be clear to every single taxpayer in North America that our governments have selected which side of the equation they favour and are willing to through their citizens into working poverty without so much as taking back one single executive airplane.

Where are the HUGE and MASSIVE concessions in the executive offices across North America? Hell, most if not all of the individuals who contributed to this mess have been hand picked by world leaders to “fix” their own problem. Man, when they say “fix” they aren’t kidding. The fix has been in since they pulled their economic weapons of mass destruction out and pointed them at the head’s of our glorious leaders nearly six months ago.

If these companies are NOT viable paying their workers a reasonable wage then there is no real point to pumping BILLION$ into them and keeping them on life support while we wait for the world governments to suck up all the toxic debt these companies created only to start this march of stupidity all over again. If so, I’ll see you in a decade. Same place, three times the price!

This bailout madness has got to stop. It’s time for governments, executives, workers and citizens alike to take it EQUALLY on the chin and let these companies fail and reorganize into smaller, stronger on more nimble operations. Simply pumping BILLION$ of litres of blood into a corpse hoping it’s going to get up and run let alone walk is foolishness in the extreme.

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Written by mattliving

April 16, 2009 at 8:10 am

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