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Posted on: 24-Nov-2008

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America’s auto industry has management melanoma. The problem with a bailout is that it just extends decades of bad management. A Big 3 failure could cost 3 million jobs & could have the cascading effect of job losses to upwards of 30 million workers. That would take the current unemployment rate of 6.5% to more than the Great Depression’s 25%. Their workers get paid $73 an hour, Toyota's get $48. They don't need a loan. They need a turn-around.

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About weQuest:
weQuest's are written by G Dan Hutcheson, his career spans more than thirty years, in which he became a well-known as a visionary for helping companies make businesses out of technology. This includes hundreds of successful programs involving product development, positioning, and launch in Semiconductor, Technology, Medicine, Energy, Business, High Tech, Enviorntment, Electronics, healthcare and Business devisions.

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