The Big Three in Detroit are The Big Story today. As the financial bailout package is quickly being overshadowed by the woes of Ford, GM and Chrysler.. Congress called the top execs in to Washington to make their cases for a federal loan or bailout of their own.
The heads of the Big Three flew in on private jets with hats in hand asking for money.. and folks, that is the defining issue behind all these talks.
It's costing too much money to make these cars.
Please toss us some facts and figures as you know them, of how much more American-made cars cost to cover pensions, benefits and health care for the union guys and women who keep the U.S. assembly lines running. What is it? $2,000 per car? Is it time for the unions to make major concessions to get a big promise from Washington, or should (as Mitt Romney has suggested) we just let the auto companies battle it out for themselves? RH