Senator Richard Shelby has a darn good idea for how our government should be dealing with American auto makers. Even though Democrats and union advocates are always blaming management for the auto manufacturers problems, Barney Frank is against forcing the auto makers to revamp their organizations in order to rid them of bad management because it might mean that the unions control over labor will also be revealed as a major issue;
WASHINGTON (Map, News) - The senior Republican on the Banking Committee said Wednesday he doesn't believe there will be a turnaround in the troubled U.S. auto industry until its top management is ousted and its manufacturing operations are revamped.
"I don't think they have immediate plans to change their model, which is a model of failure," Sen. Richard Shelby said, a day after the top executives of General Motors, Ford and Chrysler came to Congress to plead for a $25 billion "bridge loan" to avert layoffs and plant closings.
"I think a lot of it will be life support," Shelby, R-Ala., said. "I believe their best option would be some type of Chapter 11 bankruptcy ... These leaders have been failures and they need to go."
Rep. Barney Frank, D-Mass., disagreed with that, saying choosing the bankruptcy option would likely mean abrogation of labor contracts. "We already have too much union busting," said Frank, appearing on CBS's "The Early Show" with Shelby.
Our alleged leaders, like Frank, would rather see the whole country go down the tubes then lose the organized labor support that keeps their sorry butts in office through intimidation.