According to Forbes: Labor cost per hour, wages and benefits for hourly workers, 2006.

Ford: $70.51 ($141,020 per year)

GM: $73.26 ($146,520 per year)

Chrysler: $75.86 ($151,720 per year)

Taxpayers with minimum wage of $6.55, (just increased on July 24, 2008 from $5.85) are bailing out someone who makes $151,720 per year?

Building cars no one wants to buy?

High mileage gas guzzler waiting for next oil crisis?

Car companies already received 25 billions loan guarantees, now they want additional 25 billion dollar bailout (gifts) from taxpayers?

Obama supports it, the congress supports it. Where are all these Nobel prize economists?

All these smart people in US?

The CEO makes $25 million a year, which is $25,000,000 per year, the UAW member makes $151,000 per year in 2006, and how can they sleep at night?

This is a true story according to CBS news:

One of the best reasons why Detroit automakers should not receive a bailout can be found in a General Motors "Jobs Bank" program that, bizarrely, pays employees not to work.

A beneficiary of that program was someone named Jerry Mellon, who worked for GM until his division merged with another in 2000 and he was no longer needed. Except for a brief period in 2001, Mellon received his full salary for not working, which reached $64,500 a year by 2006. Include benefits, and the annual cost to GM exceeds $100,000.

To earn his pay, Mellon was given the formidable task of showing up in a windowless shed, sitting at a table, and doing nothing for eight hours a day for six years.....

Is this the business model for the whole world to follow?