Ok, folks, if you were taking notes, a few months back when the crisis in the North American Auto Industry started to make headlines, and the CEO's went cap in hand looking for offerings from the tax base, I came up with a crazy idea...
...have the Oil Industry bail out the Auto Industry!
The last time us taxpayer's bailed out Chrysler, they turned around and gave us K Cars in return.
I can't wait to see what we will get this time.
But if you thought my plan to have Suncor invest in GM was a nutty idea, fasten your seat belts!
I propose a new bailout plan: if the unions are so gung ho about keeping their jobs, let them bail out the GM and Chrysler.
Think about it. Right now the auto workers are all worried about their future, so why not own their jobs?
Employees in a employee owned operation have a lot more invested in doing a quality job than just earning a paycheck, now don't they? Everyone involved will be keeping a closer eye on quality and be looking for efficiencies. Profit sharing would be a great incentive. Actually breaking even would be a great incentive.
Gee, do ya think there may be a reason that Toyota Woodstock is working overtime, while GM just wiped out Pontiac with a stroke of a pen? (Source: Toronto Star)
Unions are big business, and the CAW is the biggest private sector union in Canada.
Do ya think Buzz Hargrove will donate his pension and proceeds from his speaking engagements and Ken Lewenza will contribute his over $150,000 salary and bonus (Source: Toronto Star) to the food banks for these poor folks.
Funny thing when you work in a union shop; you don't get a choice of whether or not you join and pay them for the privilege of working.
Or not working.
DJW
DJ thinks that the Union Bosses aren't too worried about making their mortgage payments.