Stop bailing and man the lifeboats

These were taken from:

http://nospeedbumps.com/?p=606

Production time per vehicle:
GM = 34.3 hours
Toyota= 27.9 hours

Average worker salary:
GM = $31.35 per hour
Toyota = $27 per hour

Health care cost per worker:
GM = $1525
Toyota = $201

Average hourly labor cost:
GM = $73.73
Toyota = $48


END OF CITED SOURCES

Even though GM outsold Toyota in the US in 2008 so far the cost per vehicle prevents GM from winning the economic war with its Eastern rival.

In the first 11 months of 2008 GM sold 2,734,789 cars in the US.
Toyota sold 2,075,709 cars in the same period.

GM sold 640,000 more cars than toyota.

Through September of 2008
Toyota posted $17 billion net income
GM posted $38 billion net loss

So what's our answer? Bail them out. Give them money.

Does anyone remember when Japanese cars first began to get really popular in the US in the 80's, and we were screaming about how unfair it was that the Japanese government subsidized the exports?

What is the real answer?

I suggest letting the market do its work. Will it hurt? Yes.

But as they say, no pain, no gain.

Socialism is not the answer - it is artificial propping up of unsustainable enterprise.
The pain and loss will only be greater in the future if we continue down Obama's road.

You heard my opinion from me first.