
by: Bill Dupray posted: 2008-11-12 10:16:00
Viewed 627 times. 0 Comments.
Medicare sucks, but we can't do anything about it because it is run by the government and it has no competition. The Social Security system sucks, but you have to participate. It's the law.
But nobody can make you buy a car you don't like. There is a market for cars, and the reason the Big 3 automakers aren't making any money is (1) nobody wants to buy their product, and (2) the unions (which are communist in nature) have raised overhead to the point the companies cannot sell at competitive prices.
Throwing a big bailout check at an industry with such systemic difficulties is simply throwing money out the window. How does a big check make a better, cheaper Pontiac? It can't. They need better ideas and they need to get rid of the unions. Absent those two things, we are just propping up a failing industry.
Of course liberals will back the parasitic unions until that parasite kills the host. Parasites can suck a lot of nutrients out of a host, but eventually it's over. Parasites cannot live on their own and they are usually not smart enough to figure that out until it is too late.
Congress needs to hold on to our money and let the market take the car companies where it will. Maybe they will merge. Maybe one will file for bankruptcy. Bankruptcy is not the end of a company. How many times have the airlines filed bankruptcy? And yet, they are still here. Filing bankruptcy would allow the companies to rid themselves of the union contracts and start fresh with a free market labor force. They can use the money to hire top notch R&D people and make a better product, for a lot less money. Unshackled from the unions the American auto industry would shine.
Do them a favor and do us a favor. Let them learn from their mistakes, don't subsidize them.
Tags: Barack Obama, Capitalism, economy, Socialism,
Trackback url: http://patriotroom.com/article/let-the-auto-industry-go-bankrupt-it-will-help-them/trackback
Views: 87 Comments: 0
Views: 76 Comments: 0
House Republicans approved a conference-wide moratorium on earmarks on Thursday one day after a House committee enacted a ban on for-profit earmarks. The Republican's moratorium is more extensive than the House Appropriations Committee's ban in that it applies to all earmarks for all members of their caucus. "For millions of Americans, the earmark process in Congress has become a symbol of a broken Washington," they said. "We believe the time has come for House Republicans to adopt an immediate, unilateral moratorium on all earmarks."
Views: 52 Comments: 1
Gallup's annual update on Americans' attitudes toward the environment shows a public that over the last two years has become less worried about the threat of global warming, less convinced that its effects are already happening, and more likely to believe that scientists themselves are uncertain about its occurrence. In response to one key question, 48% of Americans now believe that the seriousness of global warming is generally exaggerated, up from 41% in 2009 and 31% in 1997, when Gallup first asked the question.That increase to 48% is fully 7 points higher than last year, which was also a record high.
Views: 80 Comments: 0
Views: 59 Comments: 0
Views: 82 Comments: 2
Views: 63 Comments: 1
Views: 53 Comments: 0
Views: 50 Comments: 0
Views: 36 Comments: 0
Comments 0
Have an opinion?