Auto Industry Bailout

So, the Big 3 execs left their jets parked this time around. Big deal. They own the jets, why not use them?

Anyway, the execs will be presenting their case, again, for bailout money from the government. If it were up to me, I'd tell them we helped them once before and it didn't do any good, I tell them to look at the airline industry, I'd ask them why I should give out a loan to a failed business model, I'd tell them to go home and prepare for bankruptcy. I'd also tell them to call the UAW and tell them "Thanks for helping us be profitable" then tell them to stick their union in their ass.

Let's remember, we're talking about a for profit corporation here. A badly managed one, at that.

Anyway, there are a couple of good articles on the bailout. What the problem is, and what should be done about it. Both articles point to the incredibly high cost of labor. Thanks, mostly to the union.

They also state that bankruptcy wouldn't be a bad thing. In fact, it just might be what's needed. With a complete restructuring, the auto companies could put themselves in a position of better business and management.

Here's the first article.


Here's the second.


Fact is, foreign auto makers are not facing the same problems. Their cars are often considered better, many are less expensive, have better warrantees, hold their value better, and the companies are profitable. Why? There's a obvious difference between the american and foreign auto makers . . . labor costs. Until the Big 3 fixes that problem, no loan of any sort will help.

Calling NObama out . . . and others.

We heard it . . . "8 years of failed policies". Well, Nick, over at The World According to Nick, asks a simple question:

Would someone please be kind enough to mention one specific piece of financial deregulation that took place under the Bush administration that caused the havoc we are currently in? I ask that if you respond, you name the particular regulation that was rolled back, the approximate time this was done, and reasons why this caused part of the current melt down.

McCain needs to ask NObama . . . right to his face . . . the very question.

Lose - Lose on the bail out

Lies and bribes. That's essentially what the new new version of the bailout is. Lies and bribes.

We've got politicians telling us that leading economists are urging government to take action. Not true.

What's more, there's still a good amount of public opposition to the bailout plan though the numbers have cooled. Opinions are split evenly 33-33-33 approximately.

Worse, though, are the bribes. Over 100 billion in pork spending used as bribes to get an already ill conceived plan passed through. It's disgusting.

This is the first time I've really been disappointed with Bush. As a conservative, he should oppose this and come up with a better plan. It's not really up to him, though. The bribery going on in the Senate is, to me, borderline treason. Certainly moronic, and, at least, irresponsible. How they can CHEER their "bipartisan victory" is beyond me.

The absolute worst thing, though . . . where's Mr. No Earmarks? Huuuuuh? How did Mr. No Earmarks For Me vote? For the bailout. Incredible. Incredulous. I'm beyond perplexed.

Once again, the liberal view is one of lies, double talk, hypocrisy, and non-reality. Obama can say whatever he wants and the lemmings will lap it up like dogs to food spilled from a dinner table.

I need to see what happens next. In light of Sarah's spectacular debate performance, I find myself in a tough spot. I'll never vote for Obama, and I'll likely vote for McCain. But, he's just made that a more difficult arrow to fill in with his vote.

McCain may lose the election as a result of his vote. I don't see how he can talk his way out of this.