Didn’t see a press release from Gov. Steve Beshear touting the bailout request he sent to Washington D.C. for Detroit automakers who have spent decades wooing politicians while Toyota stuck to building quality cars.
The market always wins these battles and the market says out-of-control labor unions add too much to the cost of UAW-dominated auto manufacturers’ products. Sure have created an interesting precedent for adding taxpayers to the losing side once again.
No wonder he is asking for more of your money.
Kentucky would do better to skip the bailout begging and lower taxes on businesses across-the-board. That way, when businesses fail there will be more opportunities for displaced workers to keep working.