As the battle over bailout bucks rages, it’s easy to get the impression that Fortress Detroit is unanimous in its support for the home team. As usual though, there’s more to the story than just the loudest voices. The New York Times conducted interviews across the state over the last two weeks, and found that opposition to the bailout, if only in private. “There are plenty of people who are rolling their eyes,” said Bill Ballenger, editor of Inside Michigan Politics newsletter. “You keep your head down if you’re one of them, but they’re out there.” And much of the opposition seems to come from Michigan residents who lost their jobs before the automakers even came begging for a bailout. “How many other, small companies would like a bailout?” asks Heather Davison, an unemployed graphic designer who lost her job at a real estate publication a year ago. “It seems to me that the car companies saw the banks getting a bailout and said, ‘Oh, let’s go!’”
Even those who work within the orbit of the once-big three have their reasons for opposing a bailout, even if it comes at the expense of their jobs. “I remember when G.M. shut down 11 plants, some of which were in the Great Lakes region,” says John Raterink, who works at a small machine shop that supplies the auto industry. “They said, ‘We can’t afford to keep doing business like this.’ But do you know what happened at the upper echelon of G.M.? They got six-figure bonuses at the end of the year. If we look at thousands of workers in counties around here, they got no sympathy. We got hurt, and we got hurt badly. As a result of their practices, I haven’t seen a raise in six years, and I’ve seen my health benefits decline.” And Raterink acknowledges that things will get worse than they already are if there’s no bailout. “But bear in mind that we’ve already been dealing with this since the last quarter of ’99,” he says. “If I have to pull myself up by my own bootstraps, I hope G.M. faces that same reality of pulling themselves up by their own bootstraps.”
What is amazing that NYT wrote the piece. Did not expect it. I did expect some lecture from Thomas Friedman on how to construct smart government managed company (still may come, since Mr. Friedman has no education or experience in either government or management or auto industry).
I really don’t know what to say at this point. Its not even a conspiracy anymore, its just out in the open. Have you ever seen a country where the government, the business sector, and the media were so completely teamed up against the citizenry?
Things really havn’t been good in Michigan for a long time. I grew up outside of Lansing and the vast majority of my high school class left the state to look for jobs.
I did expect some lecture from Thomas Friedman on how to construct smart government managed company (still may come, since Mr. Friedman has no education or experience in either government or management or auto industry).
Autonut, you just learned the definition of a pundit.
Well, I am sure you guys at TTAC knew about this for a while. I am from DETROIT and I am against the bailout. I want GM and Chrysler to go down, as opposed to just propping them up when they are dead just to “save jobs!!”