Craig Steiner, u.s. Common Sense American Conservatism |
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First there was this one: http://www.foxnews.com/politics/2008/12/07/dodd-auto-executive-replaced-exchange-bailout U.S. Senate Banking Committee Chairman Chris Dodd called on a top auto executive to resign in exchange for bailout money from the federal government. Then, later Sunday, there was this article: http://www.cbsnews.com/stories/2008/12/07/ftn/main4652888.shtml As future shareholders of General Motors (by way of Congress' proposed infusion of taxpayer dollars to Detroit), Americans should not allow the management that "drove this company into a ditch" to stay on, hoping that the same management will be able to drive it back out... There is so much wrong with the above it's amazing. The government hasn't "protected to death" the interests of the Big Three; they've been mandating the types of cars that would be built due to their faulty mileage requirements. When they mandate that cars meet a specific efficiency requirement but trucks aren't subject to those requirements, and Americans want big cars, you're obviously going to find the market flooded with SUVs that are classified as trucks and thus not subject to the car fleet mileage requirements. It's not the Big Three's fault that the SUV market blossomed: It was a combination of the public's demand for bigger vehicles and the government's requirements that basically said that to be exempt from car mileage requirements, the vehicles have to be really big. And another flaw of the auto industry is in not supporting socialized medicine? That was a "brain dead" position and is part of why they're failing now? It appears the liberals are launching a concerted effort to replace the management of the Big Three with those that will build the cars that liberals want, and with management that will bow down to liberal socialized health proposals. Apparently that is the price of a bailout of the Big Three. It's bad enough that the government is bailing out (or considering bailing out) so many private industries. But for them to literally be conditioning that money on allowing liberal government central planners to dictate policy in the industry just takes a bad idea and makes it worse. Either it makes financial sense to bailout the auto industry or it doesn't. But a wholesale abdication of private industry to the dictates of government does not make sense. Central government planning does not work and a lot of the industry's problems were already caused by government meddling. I'd rather see the Big Three go bankrupt than see them slaves to government money and management. Update: After posting the above comment, a new article was published in which Obama apparently has joined the crowd asking for management to step down. http://money.cnn.com/2008/12/07/autos/obama_dodd_auto_bailout.ap/index.htm In an appearance on NBC's "Meet the Press" and later at a news conference, Obama at one point suggested some executives should lose their jobs. It's clear the liberal talking points on this issue were distributed before the weekend and key liberals have been taking to the airwaves this weekend with the goal of eliminating management at the Big Three. And Obama is on board. At least it should be clear that taking money from the government comes with a price. I hope the Big Three resists this disgusting effort of Democratic politicians to further intrude in private businesses. It's becoming more and more clear that bailing out the auto industry isn't being contemplated because it's in the best interest of the economy but rather because liberal politicians want to further dictate and control how Detroit runs its businesses. And government meddling is a large part of why Detroit is facing the problems it's facing. Go to the article list |