Americans' "Hypocrisy" in Auto Rescue Spurs Me-Too Trading Ire
A U.S.-triggered spate of global carmaker-bailout proposals may spark trade disputes over whether the Americans are unfairly trying to subsidize their industry or just making up for state aid that foreign rivals already enjoy.
As the U.S. considers a lifeline for its auto companies, officials in Europe, Canada and Asia are considering their own aid packages -- even as the European Union threatens to lodge a complaint against any U.S. bailout to ...
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Being prejudice, I can understand why the American worker wants a bail-out. It's hard to make a new product when almost 25% is already spent in health, pension, retirement and a host of other costs. Being a liberal, its hard to talk unions into taking some responsibility for the death-knoll of their own industry, but unless the U.S. can produce a cost productive car soon, we may all be driving Chinese cars.