Friday, December 12, 2008

A "Main Street" View of the Auto Industry Bailout

As I watch the automakers, politicians, and talking caputs on television argument the bailout of the car industry, it looks obvious to me that most of them just apparent don't acquire it.

ON CNBC, I heard the governor of Wolverine State inquire why Main Street is against the bailout. She desires to cognize why they (we) don't recognize that the failure of the car industry will adversely impact the full country?

Well, I have got her answer.

We on "Main Street" cannot understand why we should give the car shapers the money to pay the autoworkers %73/hr piece we "common people" throughout the remainder of the state are struggling to do ends ran into on $20/hr or less.

That reply may be over-simplified, but it travels to the bosom of our objections. We are tired of paying for corporate parties, aureate parachutes, fleets of executive director jets, and other surpluses with our taxation dollars.

The fact that the automakers were totally aghast when the politicians chided them for flying to the meetings, each on a separate private jet, additional affirms the thought that they just don't acquire it.

These automakers have got stuck their caputs in the sand for years, refusing to do every other combustible vehicles and/or even more than energy-efficient vehicles. Now, they state they are willing to do this and they desire us to give them money to make what they should have got done old age ago.

It additional cholers us when the caput of the labor labor union travels on television and states that the union declines to make any further concessions. To us, this sounds like pure arrogance. To us, he is saying that they are so much better than us that they rate to be paid over 3 modern times what we make. This makes not elicit understanding for them. It do us experience that we should allow the automakers declare bankruptcy so that they can throw out the labor union contracts.

The "talking heads" are nearly as clueless. Later, still on CNBC, one of the analysts cited the fact that gas terms are down as an indicant that people can now travel back to purchasing the SUVs and other gas guzzlers. When another subscriber tried to point out that it was more than likely that consumers were not buying because they were unsure about their jobs, she appeared to go confused. Apparently, the recession isn't affecting her income.

It is also obvious that the politicians were surprised when the $700 billion they approved to bailout the banking industry hasn't been used as promised in the hearings. DUH! Don't any of them have got teenagers?

Anyone with adolescents is painfully aware that, once you turn loose of the cash, you will never see it again - and probably never see the points it was earmarked to buy, either - UNLESS you had the foresightedness to set limitations in topographic point beforehand.

If those of us on "Main Street" were to run our places and households and little concerns in the mode that these people are running the car industry and our government, we would all be in the mediocre house.

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