Greg Mankiw's Blog: Glaeser on the Auto Industry
Well let them go thought walk with chapter 11 step by step then they might learn lesson. Problems is that when hired managers runs a company they don’t know how to survival from hands and mouth. Hired managers were mostly their career began with manager finished with managers. Time fillers and paid monthly check, nothing to do their performance, all their professional life they sculpturing their skill how to lick “current hotshot” ass in their little enclave and learn how to spend money to consultants to do jobs. When they turn, they don’t know much of know-how from their factor floor so they don’t how to engage the floor people, probably they don’t go to the floor often enough, wrong information from another arsoholes who happen to another ass lickers, chain reaction, therefore all floor people turn into union. Anyway union is big business, very profitable from their membership fee. If I were American why should I buy a from the big three, instead from Honda, knowing that a car from big three is quality probably not as good as Honda but price is same because union wage loading. Should be lean and hungry- is much healthier.
