Should Canada follow the U.S. lead regarding auto-sector aid?
As with most online articles these days, the interesting parts are the comments. For example, this Wheels.ca site has some readers who are really cutting to the chase:
GOVERNMENT SHOULD NOT BAIL OUT GM
It is not the Governments responsibility to bail out the private sector. For far too long GM has built gas guzzling unreliable vehicles in comparison to the Japanese car makers. The Unions haven’t helped out either with their high salary demands that forced the manufacturer to cave in to avoid a strike. Unions are too greedy and demand wages way out of line with other private sectors. These workers for the most part do not have University degrees but expect to be paid like lawyers. Sorry but they got themselves in this situation along with the greedy unions and only the strong will survive this current economy.
Of course, those working in the industry obviously would prefer any help they can get.
Surprisingly, CBC’s Don Pitts seems to favour the free-market approach in "The Trouble with bailouts". Quite a good article, actually.
And why haven’t unions been asked for concessions? Or has the situation gone way beyond this stage?
There’s a good comment at Conservative Minded that addresses the union issue:
What annoys me about the canadian big-3 CAW workers is that during the bad-times they whine about tax-payer bail-outs as some kind of entitlement, but once the Big-3 start to show a profit we her the CAW whine about wanting a raise and better pension and benefits as if the profits are THEIR money and not the private shareholders dividend cheques…
Well, time for my readers to chime in here. I know there are several of you who work in the auto industry, so what do you think?
And what about the others?
Is the auto industry worth trying to save or are we just throwing good money after bad?
* * * *
Monday Update: Daimnation! The case against a bailout.
PM hints at auto bailout – Wheels.
Tuesday Update: MDL and the auto industry analysis.

