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Hi all I am sorry this one is a little late today, but when you are building your own computer there is much to do to get it ready, and it still isn’t ready. Anyway it looks like one more from the back up machine.

Today I am going to talk a little more about the proposed bailout of the big three auto makers in that winter wonderland known as Detroit. This has definitely been a very hot topic of conversation over the weekend. With everybody from Rush Limbaugh, Sean Hannity, and Republicans on one side of the issue to fair and balanced Fox News in the middle, and Nancy Pelosi, and Barney Frank salivating over the idea on the other side of the issue I have heard a lot of different opinions.

It seems we are in the holiday mood when it comes to bailing out failing business, whether it be lending institutions or credit card companies so why not the auto industry as well. I will tell you why we shouldn’t bail out the auto industry and it won’t make me sound like a nice person. I am going to tell you why they want us to bail them out first though.

The big three believe that the taxpayers should bail them out because of projected job losses if they go out of business or into bankruptcy. Because of this they say they are a special case so they deserve a bailout. They say that if they go out of business then there will be a loss of at least 400,000 jobs and up to 3,000,000 jobs lost total including business that survive because of them, such as supplying parts, repair, or materials for manufacturing. They also say if that were to happen unemployment could reach double digits. I must admit if that were to happen it would be very devastating economically.

Here is why I don’t think we should bail them out though. One of the reasons is because every time someone buys an automobile from them the first $1600.00 goes to pay employee wages and retirement for an employee, and they pay this for every employee they have.

Another reason is that UAW President Ron Gettelfinger has said that union workers will make no more concessions to the auto industry no matte what. What these people make both laborers and the unions are a major drain on the big three.

Yet another reason I think we shouldn’t bail them out is card scan legislation giving unions control with a 51% majority of support cards signed and no secret ballot by workers to vote for against unionization. This is a gift from Democrats who have enjoyed union support in their election campaigns.

There is such a thing as chapter 11 bankruptcy. What this would do either force the unions, venders and others who are doing business to renegotiate their deals with the big three or allow them to start firing employees if there is no cooperation. The big three do not have to go out of business. They can fix there own problems very easily. With any luck they might even be able to get rid of the unions as they are obviously a major drain on capitol. None of the foreign auto makers who manufacture here have even discussed needing financial help from the government and their sales are down also.

That is all I have to say for today. I have told you both sides of the issue, but it is up to you to decide where you stand on it. Whether you support the bailout of the big three or not we all know its going to cost someone a bunch of money. Better them than us I say. Have a great day CIAO4NOW!!!!!

2 comments: taxpayers we get to bail out companies that have really been destroyed and run into the ground by unions demanding more and more money? Yeah....right....

Greedy unions are always trying to get more money for less work. Now the companies are about out of business. Instead of them being willing to take pay cuts, companies are looking for bailouts. How ridiculous. I don't want to pay so someone else can get a cushy job making $60+++ an hour. Pathetic. What happened to working for a living and for what you get. Now everyone wants a bailout.

What happens to all the taxpayers who end up living in hard times because all their hard earned money goes to bail out other people? Do we get a bailout?????

November 18, 2008 at 6:02 PM  

As a former union member I can tell you they took good care of me, but that was then, and this is now. Now they suck. They suck the life out of their members and out of the companies they work for. Not to mention they support politicians I would never dream of supporting with union dues that I have paid to them. Now other members are forced to do the same.

November 18, 2008 at 10:04 PM  

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