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Thursday, May 07, 2009

Save the Auto Industry

Here is a great op-ed column on the auto industry, or rather, the administrations plans on the op-ed industry. Not too comforting. But perhaps it will be a good thing. If the UAW has a large stake in Chrysler and GM, it will be in their best interest for the companies to run well. So the question is, will they use their new-found powr to bully the companies into giving them higher pay and greater benefits, or will they now have the incentive to only ask for that which will benefit the company as a whole? We'll see what happens.

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