re: #234 RogueOne

It’s not about borrowing money, it’s about re-organizing. Their biggest problem was their labor/legacy costs. They managed to get it down to $58/hr during the bankruptcy but it’s still roughly $20/hr more than KIA and Hyundai.

Who have plants in “right-to-work-for-peanuts” states* and sell their cars to those people who are still clinging to jobs elsewhere. Race to the bottom writ large.

Note that these states are often the net beneficiaries of federal tax policy. When is Alabama going to pay back its bailout?