No, we will not let big Auto fail.
It is actually not possible for us to let big Auto fail, because big Auto has already failed. We are not talking about avoiding a potential car crash. The car has already left the road and gone over the edge of the cliff. We are now talking about how the emergency services will respond.
So give me a break about how much money each of the big 3 require to continue working. HELLO - you've had decades to adjust your business model to the changing customer requests, gasoline prices, and environmental mandates. You are the ones that killed the electric car and refused to make enough vehicles that get better 22 miles to the gallon. You, the big 3 Auto, have charted your own course and made your own problem - deal with it.
Our capitalistic economy and legal framework allows for businesses to file for protection from creditors (chapter 11) and reorganize their business. This is exactly what the automobile makers should do rather than look to the American people to bail them out. It's rather ironic that since we, the consumers, chose not to buy American made cars, that we are now being forced to give them our money anyway. What level of crazy do you have to be to think that this makes any sense?
I currently work in a small family owned business which recently had to ask it's employees to work reduced hours in order to get through a tough financial time. Thankfully, the accounts receivable picked up and we are now back to full speed. Should this condition happen again, when will our company get it's tax payer funded bailout?
It is economic Darwinism. Big Auto has already failed and it's time to see what's next. You know, it's not absolutely necessary that there be any cars made in America. Thanks United Auto Workers Union - marvel at the creation you have made.
##That's my opinion##
Showing posts with label bailout. Show all posts
Showing posts with label bailout. Show all posts
Monday, December 08, 2008
Saturday, October 04, 2008
Burning Down the House
This video is worth 10 minutes of your time. Make an investment in your future and watch.
Burning Down the House
If you don't learn from the mistakes in history, you are bound to repeat them. Not my quote, but...
##That's my opinion##
Burning Down the House
If you don't learn from the mistakes in history, you are bound to repeat them. Not my quote, but...
##That's my opinion##
Labels:
bailout,
Barack Obama,
Barney Frank,
foreclosure,
housing,
mortgage,
sub-prime
Friday, October 03, 2008
Federal Government running anything well?
I apologize in advance...
I feel like standing on a hilltop and shouting. The IDEA of the Federal Government running anything else make me want to VOMIT! GET off the subject of Federalized Health Care. The President may be able to influence it, but Congress has to make it happen. Have we all forgotten about the three BRANCHES of government.
And that brings up two other points:
TAKE THE RED PILL.
-End of Ramble
WAKE UP SHEEPLE!
WAKE UP AMERICA!
THE FEDERAL GOVERNMENT DOES NOT RUN ANYTHING WELL!
WAKE UP AMERICA!
THE FEDERAL GOVERNMENT DOES NOT RUN ANYTHING WELL!
I feel like standing on a hilltop and shouting. The IDEA of the Federal Government running anything else make me want to VOMIT! GET off the subject of Federalized Health Care. The President may be able to influence it, but Congress has to make it happen. Have we all forgotten about the three BRANCHES of government.
And that brings up two other points:
- The Bailout with earmarks galore. Come on! We are surrendering out rights to the Federal Government OVER AND OVER again. They will OWN more property in the US. Those who made stupid mistakes in banking are getting their mistakes REWARDED. What are we doing?
- Federal Emergency Aid for 'victims' of Tropical Storms / Hurricanes is the most asinine thing I have ever heard of. At the risk of sounding heartless... I HAVE INSURANCE... and don't expect the Feds to come to MY rescue, why should they come to the 'rescue' of anyone else?
TAKE THE RED PILL.
-End of Ramble
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