"This industry is in a crisis situation not of its own making," Ron Gettelfinger said in an interview Saturday afternoon with The Wall Street Journal.
The UAW president said the industry's predicament is a direct result of an unprecedented drop-off in auto sales that started with high gas prices this summer. Eroding consumer confidence to make big-ticket purchases was fueled by a credit crunch that limited customers' ability to buy a new car or truck and forced the companies to spend more money then they were bringing in, according to Mr. Gettelfinger.
Right! That's why Toyota and Honda are also near bankruptcy......oh wait, THEY AREN'T!
The auto industry, and by that I mean management and unions, is making a last ditch attempt to have the taxpayers support their unsustainable business model. After they have repeatedly resisted efforts to raise fuel economy. After they created a business model based on $1/gallon gas forever. While paying union members to sit on their ass and do nothing when not needed. And they want us to support this lunacy?
Our new President loses all my support if he falls for this crap, but since the unions helped get him elected, I fear he will prove what I said at happy hour on Friday to some true Obamalievers (at considerable physical risk)....that he is just another politician.