I hope that we dont bail them out. If the company is so stupid and greedy that they run their business off a cliff, then so be it. Due to the greedy Ceo's and upper etchalon and the union that "will not make any concessions", they cant compete with Honda or Toyota, who are not unionized but still offer alot of great American jobs. If the union wont budge and the company Ceo will not re-invest his jillion dollar bonus back into the company, that company deserves to go bankrupt. I used to believe in the unions, but now, over the years, they have gotten toooooo strong and make to many demands on every company. Look at Safeway, Frys, Kroger, Vons. They are all unionized and cant even come close to competing with Wal-mart. It seems to me that the union is strong-arming these companies into bank-ruptcy while telling the members to "stay strong", we will be there for you if you have to go on strike.
In these hard economic times, there needs to be a compromize on both parts, the union and the company. |