Topic: Bail out Car industry? I think not
LovetoLiveLife's photo
Fri 12/05/08 02:47 PM
With the government throwing money around left and right (excuse the pun) in is not unthinkable that more major industries and businesses are coming to the hill pleading for money from the bottomless cash jar. This, howeve, causes problems due to the fact that we all realize that the cash jar is the complete opposite of bottomless and the bottom of that jar, is in fact, getting closer with each handful taken from it.
It is for this reason that I do not feel that the auto industry should in fact be bailed out. Now I generally have all Republican view points on issues and although some may consider that heartless, I due in fact understand what is at hand; unemployment spikes. I understand that many jobs will be lost, and that is very unfortunate. We should not, however, let the free spending CEO's come back pleading thier cases as to why it is the governments "responsibilty" to ensure that they do not place thousands of workers on the next unemployment spreadsheet.
This is completely skewed, however, because it is not the governments responsiblity to run thier business. First, I do feel that it is somewhat of the workers union to blame for some of these issues. They continuosly want higher wages along with more health benefits which only takes money from that of the profits which inevitablly causes car prices to increase, less people buying cars and then finally, some plants being forced to shut down. I feel sorry for the retired Union member, however. It would be unfortunate for those people to lose thier benefits after years of service. Due to this, I feel that it is the obligation of these failed Unions to address issues like these before it falls into thier lap. Feeling obligated to bring that to attention, I do feel that they are only a sliver in the log jam of the auto industry problem.
The CEO's are responsible for adressing these issues before they become an all out yelling fest as to exactly pin point as to who is to blame. As stated before, I think that some of the problem lays with the Unions, however, the majority lies with the CEO's. While watching the hearings on the hill. The first question that Congress asked, besides where the parking attendant was, was directed at the CEO's of three major Automotive industries. They asked, "Who here flew in on a commercial flight?" After it was clearly recognized that they all flew in on thier own private jobs, the hearing commenced.
Now I understand that thier are jobs at stake as I said before, but this is still America. We still live in a free market, with non regulation on private business (except of course for the whole wall street fiasco). These CEO's should be held accountable for raising car prices, which they did when data showed that people were holding on to thier cars for longer periods of time rather than buying new ones. So with no buyers in the market, of course they would raise the price. THat sounds legitimate (sarcasim). Although sad, thousands will lose thier jobs, but it is truly unjust to place blame on the government when it was not thier responsibility to run thier business in a successful manner.
Also, You now have speakers out thier, especially the Speaker of the House Nacy Palosi, who is trying to scare Congress in siding with the CEO's and giving some more money to them. (I'm sure they will spend it as wisely as the CEO's at AGI Mrs. Speaker) She makes the argument that if the industry fails, so does the industry which helps produce machinary which is used in our military. Well Mrs. Palosi. Why is that a bad thing. You along with the President elect- Obama, will have our troops home soon enough from the battle field so the machinary constructed on those auto plants won't be missed. I'm sure you are heart broken.

Will it be a shame that thousands will lose thier jobs, absolutly. The workers however, know that taking a job at an auto industry or jet liner is a risky undertaking and they can not say that they didn't see it coming. The CEO's should maybe sell some of the "benefits" like jets and maybe sink that money into thier failing business. I can understand the argument as to why they don't. With all the handouts rolling off the hill, why not wait in line to recieve thier "entitled" money. I mean it is governments responsibility to run and make decissions in thier business. I'll make a deal CEO's. Next time you and the Oil Executives have your meeting that you do once a yr that no knows what is disscussed, Let the goverbnment and public sit in on those meetings with cameras, Then maybe we will decide if you are entitled to that money. Unitl then, its your own fault for driving your business into the ground, so handle it yourselves

robert1652's photo
Fri 12/05/08 03:00 PM
Edited by robert1652 on Fri 12/05/08 03:01 PM
I have no sympathy for the fat cats they should have crawled to Washington or may be they would have lost some weight in the process

All the gimmicks to line up their own pockets
did you hear about their solutions
they are to cut 30000 jobs after getting our cash what a solutionfrustrated
This is the free capitalism which this country is based on

it certainly is such a rosy picture isn't it?
think