Competition

From what I have been able to garner, Chrysler and GM will be severely handicapped when the Unions have a hand in running their companies. Running a large business in not what union members have been trained to do, indeed by their very existence they are automatically opposed to anything management proposes. In having a say on important decisions will water down any possible winning proposals. Further, by knowing the government is backing them, due to the unions heavy financial support, they will always look over their shoulders for government help whenever they have any trouble. A model is not selling? Get the government to buy more of that model. New tooling is required? It must be bought in this country using union labor, and on and on. The foreign, domestic car companies must be licking their lips knowing that the competitors are going to have inefficient management, I know I would. I have competed against union companies and they are easier to beat than non union companies. On the other hand, I have worked for companies with a militant union and there were many inefficiencies built into our cost structure which limited our ability to compete. (One of the reasons we moved a few plants to Mexico where there was no union.) American jobs for: Toyota, Nissan, Honda, Hyundai, Mercedes and Volkswagen have now become more secure. Once this recession is over, and auto markets hum again, the stocks of these companies should be better to own.