Big 3 Are Profitable Around the World, But Not U.S.
GM CEO Rick Wagoner told Congress last week that GM's China operations are profitable. They actually help to underwrite the massive losses in the U.S. The brainpans on the Hill might have asked why Ford and GM managed to build viable auto businesses all over the world but not in North America.
You don't need the Hubble telescope to tell the answer: The UAW is present only in the U.S., not all over the world.
Here's a plan: Buy out the UAW with taxpayer dollars and free the Big Three to staff their factories with nonunion workers the way Toyota and Honda and BMW do. Last week's Hill circus notwithstanding, the negotiation that really needs to take place now is between Democrats and their union allies. The Big Three executives are just in the way.
~Holman Jenkins in today's WSJ