Via Tammy Bruce. The Top 10 products that has drowned GM into bankruptcy. The link to Gawker in the article has the best quote:

It could be argued that these out-of-control labor costs pale in seriousness to the various ridiculous missteps and idiotic business decisions management made over the last 30 years but only if you are a communist.

Once again those foreign-owned plants did it right. Their non-unionized workers contribute to the cost of their own health care, encouraging many of them to not get sick so much, and instead of fancy guaranteed pensions they all have 401(k)s, which encourages them to work even harder, because now those 401(k)s are worth zero dollars.

drivingcliffAnyone who’s willing to look at the full picture knows that unions (ie, labor/overhead costs) and poor business investments in products like SUVs and Hummers were what contributed to the downfall of GM. I’m planning on reading The Reckoning at some point and apparently it was a book printed in 1986 that predicted the demise of the US automakers and the rise of the Japanese automakers – based on nothing more than examining each industry’s business model. And it turns out that back in 1986 – 1986!!! – David Halberstam was RIGHT! Yet liberals continue to cling onto that pipe dream of unions are good for the economy!

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