Bail-out or Buy-in

I read the Smart Girl Politics blog. This post talks about bailing out the automotive industry.

These big three companies are American icons. Automobiles make us independent and give us freedom. Freedom and independence built this country. We love our cars. Unfortunately it seems it is all coming to an end. It will be sad, it will hurt, but it has to happen...for the future.

There are several reasons these companies are failing. As the Smart Girl says, the biggest reason is the union. The union worker has more loyalty to the union than the company, and now they've just about killed the goose that laid the golden egg. Congratulations. Now you are going to screw up a lot of people's lives. Those of us who saved will be asked to pay (it's patriotic) for the bailout or the unemployment benefits of all those workers.

Because of exorbitant demands by the unions, employers can't pay the wages, retirement benefits, pensions, etc. Jobs go overseas to cheaper labor. Unemployment goes up. Union members whine. Liberal democrat politicians make promises. Union bosses tell members how to vote. Liberal democrat gets elected and says, "Look, I've rolled up my sleeves and I am workin' hard for you, Joe. Those Republicans are keeping us working men out of the promised land, they're sendin' your jobs overseas." In the end, nobody gets ahead. Everybody suffers. This cycle has to be broken. We need leadership to do it.

How about cutting, no slashing, taxes so people will have money to invest in these companies. Let the bail-out, no, make that 'buy-in', come from the private sector. Private investment can bring these companies back; bigger and better than before. Private investors will have skin in the game, they are NOT going to want to lose their money. The will succeed. It's the American Way.

I will say this again.
For the first time in my adult life, I am worried about the future of my country.