Whatever you may think about the Detroit bailout, it's "interesting" to look at the GOP "reason" for not voting for it. There are plenty of reasonable arguments pro/con bailout, but folks like Mitch McConnell want to put all the blame on the UAW. While the UAW does share in the responsibility for the failure of the Big 3, some of the GOP bailout opponents have been more than a little dishonest.
McConnell's home state of Kentucky is home to the largest Toyota plant in the U.S. Toyota says it pays about $30 per hour, and its total hourly labor costs are around $48 per hour. Important distinction: The Japanese automaker has far fewer retirees because they've only been building cars here for less than 20 years... and its pension and health care benefits are not as generous as those paid to UAW workers.
GM says the average UAW laborer makes $29.78 per hour, and its total hourly labor costs are now $69 per hour, including wages, pensions and health care for active workers, plus the pension and health care costs of more than 432,000 retirees and spouses.
Folks like McConnell are playing with math to come up with the misleading figure of $73 per hour for UAW members working at the Big Three, while saying nothing about GM CEO Rick Waggoner making $9,500 per hour in 2007.
Should Detroit be bailed out? Maybe yes, maybe no. Like I said, plenty of good arguments on both sides of the issue. But blaming organized labor for Detroit's failure(s) is political bullshit. Honestly looking at the cost of health care and what it's doing to our global competitiveness might be one way to save American manufacturing from extinction. But that would take a set of balls, and McConnell looks like he lost his in a tragic men's room accident years ago. No comment from Larry Craig on what happened...
You can never step into the same river; for new waters are always flowing on to you. - Heraclitus of Ephesus