What is it about the proposed auto industry bailout that causes Congress to blink? After all, the federal government has given out billions and billions more to the greedy bastards who run the financial world. And those Wall Street SOBs have rubbed our face in it with crazy spending sprees at resorts and with incredible bonus packages -- and still they ask for more. More!
At least the car makers have a product, you say.
Yes. And that’s part of the problem. Auto manufacturers don’t have the right product mix. Gas prices are high and interest rates are higher but Detroit keeps on trying to sell us big trucks, big cars and big price tags. As if anyone could even get a loan these days.
Management is stupid. Fire them all. None of them can even spell G-R-E-E-N.
The unions are not much better. We pay around $30 more per hour than our overseas competitors. Fire the unions, too.
Analysts propose we drop some U.S. car brands and close some plants. This would be painful, costing perhaps hundreds of thousands of jobs in the hopes of creating millions of future jobs to build better American cars. Tough choice.
And then there’s the bigger problem – the world wide economic meltdown.
Frankly, I think Congress needs to get out of the bailout business. Just look at how Secretary Paulson has ignored legislative intent, ignored the homeowners and helped his palls on Wall Street. Billions and billions. Hundreds of billions.
And it’s not working.
We need to stop this give-away madness. Let’s start over. I don’t want to be a Socialist.