Wednesday, December 03, 2008

UAW Open to Changes in Contract

Let's see, giving up a job bank that consists of paying 8,000 workers a full salary for staying home -- yup, that's a real concession. I have a very simple solution why doesn't Congress ask the UAW to assist in a loan, say half of what they want. Better yet, UAW can purchase Chrysler, GM and Ford at today's capitalized valuation for approximately $6 billion.

Read an excellent article by Jay Palmer in this week's Barrons, which is entitled "A Real Bailout for Auto Makers."

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