In response to:

The Auto Bailout Failure Is Now Complete

MechEngineer Wrote: Dec 20, 2012 12:45 PM
So, you'd cut off your nose to spite your face? Not buying UAW and instead buying foreign nameplates doesn't just hurt the UAW, it hurts the entire manufacturing sector in the USA, which is much larger than the UAW. Ford has about 20,000 non-union white collar workers in North America, and GM has even more white collar workers. Both companies have suppliers that employ tens of thousands of non-union employees. As a whole the US auto industry is the largest spender of R&D dollars in the United States, and the US companies outspend Japanese rivals by far. Honda does the most in the US of any foreign car company, then Toyota, but buying Korean or German just contributes to the decline of the US industrial base, and grows the trade deficit

You may recall that during the presidential election, the Treasury Department refused requests by General Motors to unload the government's stake in the giant automaker.

Taxpayers had sunk $50 billion into a union bailout in 2009 and were now proud owners of 26.5 percent of the struggling company. Reportedly, GM had growing concerns that the stigma of "Government Motors" was hurting sales in the United States. At the time, any transaction would have come at a steep loss to taxpayers and undermined the president's questionable campaign assertions that the auto union rescue had been a huge success.

Well,...