Detroit automakers now want $50B of our tax dollars to pay inefficient union workers to continue to make cars no one wants, at prices no one can afford.
So, realistically, this $50B is a union handout to enable unions to keep charging high rates to make cars no one wants.
Does this make sense to anyone? For our tax dollars to be spent subsidizing inefficient union labor that has just tanked what once was a primary industry?
Companies other than Ford, GM and Chrysler make cars in America – creating American jobs. (And the Big Three make cars in Canada that they sell in America as “American cars.”) Toyota, Honda, BMW, and Mercedes all make cars here. It isn’t as though cars no longer would be made in America absent the inefficient Big Three. The Wall Street Journal already has commented that the collapse of the “domestic” auto industry won’t be catastrophic.
Do Toyota, Honda, BMW, and Mercedes require our tax dollars to bail them out of their union costs?
So we should be spending our tax dollars subsidizing unions because….?
But wait, there’s more.
Our President-elect already has stated that, “Under [his] plan, energy costs necessarily will skyrocket.” And that coal, which provides 49% of America’s electricity, will be allowed to build no new plants, destroying the coal industry.
What are cars made from?
What is a primary ingredient in steel?
And coke is made from?
And if the primary market for coal disappears?
Coal jobs will tank as coal-fired plants are closed or forced to be re-engineered (raising costs) to meet standards for non-existent global warming. (Planet’s been cooling since 1998, FYI.)
And the price of coal?
How is steel manufactured?
And if the cost of electricity “skyrockets.” What will happen to the price of domestic steel?
And any remaining domestic steel jobs will go?
And the Big Three will buy their steel from? (And lots more things than cars are made from steel, including nearly all manufacturing tools to make other products, BTW.)
China and Korea and Chinese and Korean steelworkers.
So now our tax dollars will be spent subsidizing inefficient domestic unions to make cars using foreign steel, creating foreign jobs at the cost of America jobs. And people will continue not to like – and NOT TO BUY – the cars made in America by our inefficient union labor.
People will buy foreign cars made of foreign steel by foreign workers. And foreign appliances made of foreign steel by foreign workers. And foreign steel tools made of….
And we’ll get to give Detroit another $50B in the next presidential election cycle to buy their votes for the next Democrat candidate.
And this makes sense because…?
Why is this not throwing good money after bad?