Friday, December 12, 2008
The Bizarro Bail-out
Obviously, the best thing that the U.S. government can do is to let GM, Ford, and Chrysler continue down the path they have chosen to take, which most likely results in bankruptcy. That is the only way for the "Big 3" to emerge stronger and more slimmed down in their fight to remain even remotely competitive with foreign automakers.
The reason for the demise of American car companies is the unionization of their workforce. Plain and simple.
So it is ironic in some ways that a deal was reached to federally bail out the "Big 3" - much to my chagrin - but that the deal was scuttled last night because the unions stepped in. Apparently, the unions are more interested in going down with the ship than negotiating for a better position in a post-bail-out world.
But all is not lost, for the Bush Administration - keeping with form as one of the worst presidencies in American history - is coming to the rescue. Apparently, the strings that Congress thought it had attached to the bail-out of the financial industry weren't actually there, because Bush is going to use that money for the automakers.
We have entered bizarro world as it relates to the federal government. It is amazing to look throughout the world and see admitted socialized governments with less evidence of actual socialization than our own federal government here in a declared "democracy" with free-market principles.
It's come to the point where I hate blogging about the federal government, because it is just so daggone depressing.
The reason for the demise of American car companies is the unionization of their workforce. Plain and simple.
So it is ironic in some ways that a deal was reached to federally bail out the "Big 3" - much to my chagrin - but that the deal was scuttled last night because the unions stepped in. Apparently, the unions are more interested in going down with the ship than negotiating for a better position in a post-bail-out world.
But all is not lost, for the Bush Administration - keeping with form as one of the worst presidencies in American history - is coming to the rescue. Apparently, the strings that Congress thought it had attached to the bail-out of the financial industry weren't actually there, because Bush is going to use that money for the automakers.
We have entered bizarro world as it relates to the federal government. It is amazing to look throughout the world and see admitted socialized governments with less evidence of actual socialization than our own federal government here in a declared "democracy" with free-market principles.
It's come to the point where I hate blogging about the federal government, because it is just so daggone depressing.
Labels: Economy, President Bush, Socialism
Permalink posted by Rob Huddleston @ 12:23 PM 
