Saturday 24 September 2011

Should we bail out the big three?

Henry Ford paid his workers so that they could afford the cars they built. Today's economy is reflective of not only greed but a need for cultural changes. The big three built cars that Americans thought they wanted. Big SUV's with every bell and whistle imaginable. These cars had big price tags and good margins for the auto companies and the gas companies. I think we all need to scale back and begin to realize a culture that should have been developed over the last 20 years instead of the ostentatious one that we have. Not everyone can be rich or should we act like we are. Sure the greed at the top needs to be harnessed, but we all can't keep up with the Jone's. Its just criminal in so many ways that America did not take the advice of those that offered it by way of renewable energy, saving for a rainy day and ignoring the bleeding of manufacturing jobs. All thinking that the time of big cars and big houses had no end and we would live happily ever after. Well think again! I'm for restructuring the auto industry, but not giving them a blank check. Someone has to buy the cars they build. It will take a couple of years to turn that around. So in the meantime? I say support the workers and effectively reduce the overhead for the auto makers until such time as we are consuming the new products. They then pay back the labor money and everyone is happy.
Should we bail out the big three?
No. Bailing them out won't force the required change to make them competitive. It will be more business as usual with the UAW in their back pockets with job banks for unemployed workers at 95% of their job pay. It doesn't take a rocket scientist to figure out what drove them bankrupt.
Should we bail out the big three?
Yes, if they reform their companies to make safer cars for the environment.
  • Making my own duvet cover
  • pedicures is flirting
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