Sunday, December 7, 2008
NO BAIL-OUT FOR AUTO MAKERS!
I have supported all the previous bail-outs, but recent data has shown that the recession that we have been in for the last year is an economic cycle that is normal on most accounts. Therefore, the bail-outs will probably not work like they are supposed to. Economists are saying that this natural fluctuation we are experiencing is the economy fixing itself from strained and rapid inflation. It is an economic cycle that happens every few years or so. So why is it we are in a panic? Because the media and now our President elect has told us to be in one. Obama going on "Meet the Press" today telling the American people the economy is gonna get worse is irresponsible at best. There is a psychological aspect of this so-called crisis that can be controlled by the President-elect. His reassurance is what Americans want and is one of the ways that will eventually help the economy along on its way to recovery. Why is it I feel like he is buying himself a little insurance or possibly assigning future credit to himself by not stating what many economists are saying...that the economy is already fixing itself and on the upswing? I find this disturbing and disingenuous to maintain and validate such a doomsday persona of the situation. This is the picture he and the media want us to see and this is how the Obama Presidency will be. A play on a stage. We will be duped by the media and this President as he will continue to battle his far-reaching agenda of magical transformation under his tenure. His unseen hand guiding the economy will undoubtedly be given credit for what is already naturally happening. Economics 101 teaches that the economy is always an ebb and flow of natural and unnatural consequences. Those who give the President and our government too much power will be the ones who expect far more than their leaders can deliver. Not from Obama, because the illusion is too deep in the minds of his followers and the media will make sure of his success. His accountability will be minute. Bush will continue to be blamed for the next 4 to 8 years.
I must ask the question of why there are only 3 automakers that are suffering at this time? Where is Honda, Nissan and many others who have used innovative technology to change and grow with the times? And let's get rid of the unions that are money sucking entities and worthless. They are the biggest problem I see with these automakers. Unions are little communist organizations who in their time were practical and worked for the working man and woman. But now they are corporate leeches that strain many companies profits and do more damage than good. These fat cats that showed up on capital hill in private jets need to sell those jets and like President Bush said "its time to trim the fat". I feel for the employees of these companies, but they should look at ridding the burden of the unions.
This is where I sit...No bail-out, unless of course some of the money is heading my way in the form of an auto loan at very little interest. The auto industry is one of the most crooked industries in America. Who hasn't bought a car and immediately after felt like they needed to call the rape crisis center. its a screw job all the way around. So bail us all out. It is the tax-payers money. Give us 25 grand a piece to go buy a car with no interest and no monthly payment. Now that's what I call a bailout. Its a win win. And don't get me started on the biggest crooks in the banking and auto industry...the credit bureaus. All three of them are the biggest jokes on the planet. That is a cause I would support. Regulating Trans-Union and the other 2 scumbuckets. They have way too much power. Stick your FICO score where the sun doesn't shine. They are evil and must be destroyed. NO MORE!