Archive for ‘auto industry’

June 9, 2009

More Obamanomics insanity:House passes ‘cash for clunkers’

Just when you think you’ve seen it all, those idiots in Congress surprise you:

The House has approved the “cash for clunkers” bill to boost lagging auto sales.
The bill would allow consumers to turn in their gas-guzzling cars and trucks for a $4,500 voucher for more fuel-efficient vehicles.
President Obama has encouraged Congress to approve consumer incentives for new car purchases as part of the government’s work to restructure General Motors and Chrysler. The House approved the bill 298-119.

Only 119 “no” votes? 59 Republicans voted “yes”! This is insane, I tell you!

November 14, 2008

What’s wrong with the U.S. automakers, in three sentences

Not really complicated:

Total compensation per hour for the big-three carmakers is $73.20. That’s a 52 percent differential from Toyota’s (Detroit South) $48 compensation (wages + health and retirement benefits). In fact, the oversized UAW-driven pay package for Detroit is 132 percent higher than that of the entire manufacturing sector of the U.S., which comes in at $31.59.

(Via Charlie Martin.) If the Democrats in Congress really want to save the U.S. auto industry, that’s not really complicated, either: A nation right-to-work law.