Again your elected representatives are readying you for another economic shafting. It’s not that they dislike you, it’s just that they feel more obligated to serve their masters, those who give the large sums that allow them to stay in their positions and live like oriental potentates.
They are preparing to redistribute more of your money upward. They will tell you that we can’t afford to let the auto industry go bankrupt. And that is true, but that’s about as much truth as you will be getting during this next round of bailouts.
The plan is give large sums to the industry to keep plants open and their employees on the job. This, of course, will produce more vehicles that the public does not desire or can’t afford. This will not cure the problem of the lack of customers; it will only delay the inevitable while those at the top arrange for their golden parachutes.
This is standard congressional knee jerk thinking: take care of your friends and let the public be dammed. If there were actually anyone doing any thinking down there, it would be easily determined that this is precisely the most counter productive approach that could be taken.
Rather than stuff dollars into an obsolete industry on their recommendation, the Congress could initiate a stimulus program whereby each family in the US is given a coupon for the purchase of an American made vehicle. The coupon could be exchanged, bartered or sold, but the coupon itself could only be redeemed for the purchase of an American automobile.
Such a plan would give the industry some time to produce vehicles that the public can and will buy and, the much-needed stimulation to the economy. Don’t hold you breath folks, Congress hasn’t had a creative idea in decades.
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Comments: 4
Its the order of things that generally make things work, and they have it a** backwards as always. Maybe perhaps they really don't care about the little people, and because of this, and do otherwise. I find it so hard they can't see this. Perhaps thats why I question thier true motives.
The best thing we can do is to get the government out of the way (except to generate more jobs as in infrastructure rebuilding, etc.), start using cash instead of credit, and tighten our belts as our past generations did like during depression and WWII, and start acting more like smart consumers than "spend like crazy Congress."