Monday, November 24, 2008

Let The Big Three Auto Makers Sink or Swim: No Bailout!

Let me see, am I stupid, or are the Big Three American auto manufacturers trying to put some well-oiled crap over on the American people on this bailout bullshit. Are they such incompetent industrial whores they do not care where the money comes from as long as they get it. Have they no scrupples? No sense of responsibility? I guess not!!

Since when did it become the government's responsibility to use the taxpayers hard-earned money to bail out the capitalistic, free enterprise system of the auto industry with loans of $25 billion. Where will it stop?

At recent congressional hearings, an arrogant, GM executive blatantly testified GM spends $5 billion a month to operate. Probably, Ford and Chrysler can claim the same expenditures to operate their organizations. At that rate, one should question, "Just how damn far and long will the $25 billion go? "

Probably not far or long. Let us say two months, and those slick, good old rich executives in their private jets will bed back in Washing panhandleling for more money.

There will be strident requests to provide more fund down a rat hole headed by men who cannot see past coming trends predicting their industry's fate, and still dumb enough to push on people cars and trucks we did not want or cannot afford. Why in hell should we pay attention for their request for a gift of any funds? We are not fools! The Big Three Auto executives simply expect to receive $25 billion with no strings attached. They offer no plans for growth or funds payback, no plans for new 'green' cars that can get 60-70 MPG. The only thing they offer is their hand for the money. No thank you!

While they were in the thick of making profits in the billions from world wide sales, along came two key national crisis: high gas prices and the credit crunch brought on by the collapse of the American Wall Street financial institutions. Events that brought them to their knees. No Mia Culpas here! Where was the high priced vision of the future by those high level executives? It was greedy business as usual!

Now the Big Three are begging for our help, asking for our money to bail them out. They waited until the crisis is so bad they thought we could not afford to give them the money for the familiar rat hole, taxpayer money to save a very sloppy run, non-competitive slick and sick automotive industry. This industry got into the crisis by their greedy doing, let them get out on their positive actions to succeed.

Sadly, it is time to stop the stupid process of industry bail outs in a free market economy. Remember folks, this is your money they are trying to get.

It is their industry, their companies, their products, their sales force and distribution chains, their ignorance of trends and their stupid executives wh are fighting for an undemanding job. Where were the stockholders and the unions voice? Silent as long as profits were coming in. They could not see the handwriting on the wall? Sorry, you are on your own boys, just like the rest of us. No money, not on penny. Nada.

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