This is great video and in a nutshell explains why GM and Chrysler are doomed. Lansing Mayor Virg Bernero makes it very clear it doesn’t matter if Detroit can’t make cars profitably. The UAW deserves these wages.
And then proceeds to blame all of Detroit’s problems on Alan Greenspan and Wall Street workers or something, I couldn’t follow the logic. In the process and Martha McCallum mix it up over auto bailout.
And here Bernero mixes it up with Martha and Trace Gallagher, and then calls for what I think was socializing the auto industry because, unlike Wall Street pencil pushers … UAW workers are worth it.