Tuesday, November 18, 2008

Fox News columnist: Put the breaks on the automaker bailout


Good read.

What must happen is a serious reworking of the industry’s labor agreements, restructuring of its financial obligations and new management that is charged with making these companies sharper, more nimble and more competitive. New executives should be handed incentives aplenty, based on five-year performance targets, to get the job done. Displaced workers need help with retraining, and with relocating, if necessary. It won’t be easy, but it is inevitable.

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