Automakers Pay 85% of their Wages to non-Workers, and the American Taxpayers are Supposed to Foot the Bill?

 When president-elect Obama takes the oath of office in January one of the first things that he is likely to do is to extend the bailout bill into the automakers industry. Regular readers here know how I feel about the whole bailout bill in general and they also know my aversion to extending this disastrous, socialist, nationalizationistic, (yeah I think I just made that word up), government takeover bill to the automobile industry. It sucks.

 Why should the American taxpayer bailout private companies who can’t help themselves out?  We shouldn’t. But it goes beyond stupid when you look at the expenses that these companies are forced to pay out thanks to the thugs that run the UAW.

 According to this story the big three automakers are forced to pay between 85-95% of their wages to people who aren’t even working.

The Big Three automakers are forced to pay 85- to 95-percent of union wages and benefits to members of the United Auto Workers union who aren?t working ? even if their plants have been closed.
 
Industry analysts say union labor agreements that obligate the Big Three to pay millions of dollars to workers who are no longer working are a major reason why the automakers are in trouble ? a problem that no short-term bailout can fix

  Let’s face it, the big three automakers have no one to blame but themselves for this problem. They are the ones who acquiesced to the will of the union thugs. Now they want us to pay the bill for these dependent. lazy fuckers who have no intention of ever getting a job and becoming a functioning member of society.

 It is time for these automakers to declare bankruptcy and reorganize the same way that it has been done in this country for many. many years. It is not time to look for a handout from the government.

 But that is not going to happen, we are going to have to foot the bill for these horrible union contracts that the automakers were bullied into signing. The man who may be the most responsible for the financial crisis the country is now in, Barney Frank, is on record as saying that the unions have given enough back already. You can see the video here.

  So instead of the employer and the employee negotiating a new deal that will bring the automakers out of bankruptcy, the American people are going to have to foot the bill under the expansion of the bailout bill.

 Once again the American taxpayer gets fucked. I guess I should be used to it by now, but I still can’t accept it.