Posted by
Top on Saturday, November 22, 2008 1:45:39 PM
I must say, I'm opposed to propping up any failing business with taxpayer dollars. I agree with all of the radio hosts that I've heard talk about letting them go bankrupt, restructure, and work their way back into productivity or permanent failure. Yes, I do understand the huge importance of the domestic auto industry. Jobs, economic impact on communities, and national security. No one in their right mind wants these companies to fail.
I toured the Corvette factory in Bowling Greene, Ky earlier this year. I must say I was very impressed with the facility. Modern equipment, safety awareness, extremely clean, and very friendly people. One thing that really stood out to me was the large amount of people standing around doing nothing (or doing a great job on their crossword puzzles) while they waited for the cars to slowly roll to their work station. Hey, don't be mad at me for telling what I saw. I also don't have a clue on how to run a car factory, so if I'm wrong, I'm wrong, but it sure seems like there is a lack of time management and a lot of room for maximizing productivity. Maybe it is time to change the way business is conducted and production lines are run?
Here's an idea I haven't heard anyone mention: Give GM, Chrysler, and Ford all the taxes back that they have paid this year and a five year tax deferment on top of that. What is the corporate tax rate, 37 or 39%? We're talking huge money. Just a thought, but let them stand or fall on their own.