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Politics As Usual – Another Bailout?

Automakers need to restructure and not be bailed out by money from the U.S. taxpayers. The automakers have already been approved for $25 billion for manufacturing cleaner cars, but their situation has worsened. Detroit’s high labor and costs from problems in the past have made it almost impossible for the big three to make it without monumental amounts of money. In 2004, the big three had 370,000 employees supporting 800,000 retirees. This is becoming an even greater burden as these companies downsize. Restructuring is the only way out.

You may find more information on this topic at Heritage.org.

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