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Monday, November 10, 2008

Six good reasons to not bail out the auto industry. At the top of my list:
Union contracts that impose astronomical health and pension costs, make innovation harder, reduce production flexibility, and fail to ensure quality. American workers can produce quality cars and do so at numerous foreign owned plants. Most of those plants, however, are not organized. A Democrat-sponsored bailout is certain to preserve the current union contract.
Until Detroit gets out from under the influence of big labor and their burdensome and unbelievably expensive contracts, things will never change. No way a Democratic-backed bailout is going to diminish union power. The problem will just get more expensive. Via Instapundit.

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