A Little Test For The Big Three
Nov 18, 2008 Political
The Big Three American automobile makers are in dire straights and they are begging for a taxpayer provided bailout to cover their inept business practices. There is no way that taxpayers should be paying to bailout businesses that are not well run and that will never be profitable as long as executives make huge salaries (have to keep those private jets flying) and union thugs extort more from a well that has long run dry.
The news today indicated that the bailout would not take place because of Republican resistance. NOW the Republicans get conservative…
Anyway, the Republicans are on the right side of this issue but that won’t last very long. In a few short months the Democrats will have a president and a majority in the Congress. They will essentially be able to pass what they want because a few spineless Republicans will join them. Barack Obama favors a bailout of the automakers because he is beholden to the unions and that is probably one of the biggest in the country.
It does not matter that these companies make inferior products, they pay inflated salaries for jobs that require little education or skill and they have benefits packages that unions have negotiated through the stratosphere. The fact is, the executives want their big salaries, the strong back weak minded union members want their union jobs and the unions want payback for supporting Democrats. Therefore, the Democrats will kill to get the Big Three some of your money.
Oh, the test. If the companies want us to believe that they provide such a great product then we need to conduct a little test. Someone should go to the parking lots of each of the Big Three and count how many foreign (or non Big Three) cars are on the lot. I am willing to bet that a large number of those vehicles will not be made by the company for whom the driver works.
If the people who make the cars do not trust the company (or their own craftsmanship) enough to buy its products, why should we trust the company or the workers enough to bail them out?
Government does not belong in private business. If we end up bailing these companies out we will only be rewarding them for their failures (and encouraging unions to continue their extortion). We will also only be delaying the inevitable because it is unlikely that a taxpayers bailing them out of the mess they created will suddenly cause them to do things differently.
It will be more of the same but this time it will be with our money…
Related:
My Way
Tags: bailout, big three, extortion, failure, thugs, unions, us automakers