Let American Workers Work
As General Motors (GM), Ford Motor (F) and Chrysler once again look for a handout at the Federal trough, they now seem willing to accept a bailout loaded with such contingencies as executive salary caps and iron-clad promises to build fuel-efficient vehicles. Equally important, the United Auto Workers' union says its is prepared to make significant concessions in terms of current salaries and benefits and downsizing retiree health and pension packages. But, while all that is necessary, it falls far short of ensuring the long-term viability of the domestic auto industry—and manufacturing jobs for Americans in the future.
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