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Should the public own the auto industry?

Posted by Matthew Brett on November 26th 2008 at 5:59am | 1

The CEO’s of Chrysler, Ford and GM are still hoping for movement from the US Congress on the $25B bailout of the auto-industry. The Real News asks Jim Stanford and Justin Fox about public control of this sector. Jim Stanford from the Canadian Auto Workers Union says that if the companies are “bailed out” by Congress, they will need to guarantee better efficiency, and regulation from a federal level is a possibility.

Matthew Brett

Matthew Brett is the Canadian Dimension weblog manager. The views expressed on this blog do not necessarily represent his own. Read more by Matthew Brett.

1 comments

  • I do not understand why Canadian tax payers should have to bail out the auto industry. Some of us have enough problems getting through day to day. Overly generous wages and pensions have forced the cost of vehicles up to a point were no one can afford to buy them. I don’t begrudge anyone trying to make a decent living but when a person in a car plant is making more money than emergency workers such as police fire and ambulance there is obviously something wrong with the system. The companies and the unions greed have done this to themselves. Go back to square one and try again.
    It was not the taxpayers who told the car companies to pay their executives millions of dollars in salaries or give out the generous benefits and wages to the workers.

    #1. Posted by Ron Armstrong on December 2nd 2008 at 11:37pm

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