I really don't want to see people lose their jobs, but unless they (the Big 3) cut about a 1/3 of them they'll be right back where they started from when the money is gone. They just can't support the employment levels they are currently at and hope to regain profitability. It's going to be interesting to see what the UAW brings to the table as far as concessions go. Anything but drastic cuts in benefits or increases in employee contributions would just prolong the death.

CEO's cutting their pay from $10mil to $1 is all well and good, but the reality is that "only" accounts for 135-ish UAW workers (at $75K/yr.). It's a drop in the bucket compared to the tens-of-thousands to hundreds-of-thousands that might have to go.

And why doesn't an Auto Czar comfort me or bring any degree of confidence? Who better to oversee a bloated, ineffiecient entity than someone who works for and is part of an even more bloated and inefficient entity???

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1980 300TD-China Blue/Blue MBTex-2nd Owner, 107K (Alt Blau) OBK #15
'06 Chevy Tahoe Z71 (for the wife & 4 kids, current mule) '03 Honda Odyssey (son #1's ride, reluctantly) '99 GMC Suburban (255K+ miles, semi-retired mule) 21' SeaRay Seville (summer escape pod)