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Finally - Goldfinger Has a Solution to the Auto Industry Crisis

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December 12, 2008 – Comments (0) | RELATED TICKERS: GM

The esteemed president of the UAW shows signs that he finally understands the problem he faces. He has offered for UAW workers to work for nothing. Yes: finally, he has a workable solution. AND: Detroit will finally have a competitive advantage over Japanese carmakers. Auto sales will not recover for at least a year, perhaps a year and a half. If he will get his union workers to work for that period of time gratis, even I will support a massive taxpayer subsidy to Detroit and UAW; if he will kindly suspend retirement and pension benefits for that period of time, so much the better.

QED.

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