No one is requiring US factories to lower wages. The auto companies came to Congress for a handout because of their inability to run a profitable company. Congress is giving them conditions by which they can receive that handout. It's up to the auto companies to either accept those conditions or to reject them and keep their wages the same. It is still their option, not a requirement.
exactly
if you don't want a lender to impose financial covenants, something frequently done by lenders, don't borrow money from such lender. Business sense 101.
I can't believe Senators want to give a company money without addressing the root causes as to why the company needs life support to begin with. I can't believe Senators want the American taxpayers to finance ONGOING LOSSES. Then again, some Senators are in the Union's pockets, they have no choice, politically speaking.
After all, this is the dawn of a new era
LOL