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Dumping on Detroit > Letters

Web Letter

When a bad jobs report comes out, Wall Street takes a dive. Well-paying jobs provide the disposable income that supports the American market. No jobs, no market! Obama promises over a million green jobs. If the auto industry goes down, that means the loss of well over a million jobs in the US. Green is good, but those jobs would be a fraction of the jobs needed to support the American market. We may be heading toward or in a depression. But any loss of jobs accelerates the process. These people don't have a clue!

Pervis James Casey

Riverside, CA

Dec 18 2008 - 4:34pm

Web Letter

First, I totally agree about executive compensation. But as for the cost structure of the Detroit three, if they can't get to a fairly competitive point, it's useless to go on.

It doesn't matter what proportion are "legacy costs," what matters is the total package being workable.

Maybe they should just liquidate the stockholders and let the UAW deal with productivity vs. pay as the owners.

John D. Froelich

Upper Darby, PA

Dec 18 2008 - 3:29pm