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Obama Campaign Ad: Mitt Romney's Auto Recovery Edition

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Mich-again5/09/2012 6:32:45 pm PDT

re: #25 rwmofo

The main cost disadvantage that the American companies had versus their foreign rivals was the legacy costs and health care costs. The main driver for increased health care costs has been the fact that the ones with health insurance have to cover the costs incurred by the people without health insurance and as more employers dropped health care benefits, the ones who maintained those benefits had to pay more and more. This is why the GOP griping about the cost of Union benefits is mostly BS.

All of the other major Nations that the US Industry competes against have national health care and this ends up holding costs down for the labor.