No, assembly line workers DON'T make $70 an hour

[edhorch]

And here's the best explanation I've seen of how they don't and how that stupid meme got spread around in the first place, and how it was so effective when the Plantation Republicans in the Senate used it to tie union-busting to a bridge loan for the Big Three that would have been only 2% of the size of the $700 billion do-whatever-you-want-with-it

Comments

The key line

[satireblank]

"labor costs, which average $72 an hour, closer to the Honda or Toyota level of about $45"

I had also read that elsewhere; labor costs include pensions of retired employees; take home pay is much lower.

So the big 3 have a huge problem in that their pensions are underfunded! Possibly it was because that money was invested in a stock market that has tanked?

This $25 billion bailout debate seems almost comical compared to the $700 billion that was rushed through with virtually no debate. The total bailout price tag is over $2 trillion. Americans don't have this money our government is throwing around, and it will end up with the dollar being devalued. How long that will take and how much, I don't know.