As I sit here and write this they are discussing bailing out the Auto industry. This is disgusting and I think the CEO's of these companies should be ashamed of themselves. They just received a small bailout just about a month ago before the Wall street bailout and now they need more.
Doesn't anybody realize that this is a black hole. It cost roughly $2k per car for just the benefits for the employees of the Auto Industry. For years the Unions and Management have raped these industries to the point that we are at now. Why should we bail them out again and again. Yes jobs are at risk and maybe they should let these companies join together and put their combined resources together instead. These companies have had the opportunity for many years to fix the problems and create better cars and better factories.
I find it interesting that companies like Toyota, Honda, and others do not have these same problems here in the US.
Of course this does not excuse the government since fuel standard and some environmental laws have also helped contribute to this problem, but not as much as their own stupidity.
So after all this I have decided that if the American Auto Industry takes a bailout I will make sure I will not purchase another car by Ford, GM, or Chrysler. I have been a big supporter of American cars but this bailout is not American and I won't help to reward them or support socialism by giving them my money. I will most likely purchase my first foreign car if this bailout goes through and that is sad.
As for Wall street I am still trying to figure out how to avoid that and who to punish. I believe in wall street but I need to figure out who I should invest in and who I shouldn't when all the dust clears. I can guarantee that I will not contribute to any company that took a bailout or a bank that has.
Doesn't anybody realize that this is a black hole. It cost roughly $2k per car for just the benefits for the employees of the Auto Industry. For years the Unions and Management have raped these industries to the point that we are at now. Why should we bail them out again and again. Yes jobs are at risk and maybe they should let these companies join together and put their combined resources together instead. These companies have had the opportunity for many years to fix the problems and create better cars and better factories.
I find it interesting that companies like Toyota, Honda, and others do not have these same problems here in the US.
Of course this does not excuse the government since fuel standard and some environmental laws have also helped contribute to this problem, but not as much as their own stupidity.
So after all this I have decided that if the American Auto Industry takes a bailout I will make sure I will not purchase another car by Ford, GM, or Chrysler. I have been a big supporter of American cars but this bailout is not American and I won't help to reward them or support socialism by giving them my money. I will most likely purchase my first foreign car if this bailout goes through and that is sad.
As for Wall street I am still trying to figure out how to avoid that and who to punish. I believe in wall street but I need to figure out who I should invest in and who I shouldn't when all the dust clears. I can guarantee that I will not contribute to any company that took a bailout or a bank that has.
