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Cash for Cars - Running or Not!

The Democrats want to extend the $700-billion bailout to the US auto industry.

Rather than REQUIRE the industry to meet stricter emissions and fuel economy standards, and rather than let the industry fail BECAUSE THEY BUILD CRAPPY CARS THAT NOBODY WANTS, the AMERICAN answer is to GIVE THEM MONEY!

My money. Your money. The money the government takes from us that we could use to buy cars ourselves, if we still had that money in our pockets. Of course, we wouldn't be buying AMERICAN cars, because American cars are big, ugly, poorly-manufactured gas-guzzlers.

Is this how "free enterprise" works? Supply & Demand, free market, competition? All that stuff I learned in economics class no longer applies, it seems.

Giving money to the big corporations will NOT help the economy. It only helps the rich people at the top. Once they have the money, they have no incentive to make changes. No incentive to improve. No incentive to compete. Why should they even try if they already have the money?

As a teacher in a public elementary school in America, I'm beginning to wonder if, in order to better prepare students for the future, I should give the better grades to the lazy slacker kids, and lower the grades of those who work harder and achieve more.

Ford, GM, Chrysler, they are the largest companies in the world. They have been building automobiles for over a hundred years. They have NO EXCUSE for not building the best cars in the world, no excuse for not planning ahead, and no excuse for not being flexible enough and creative enough to bring the best products to the market and responding immediately to changing market demands.

But it's not about building cars. It's not about running a company for the long-term. It's not about providing a better product at a better price driven by market demand. It's not about "history." It's about immediate cash-in-the-pocket for the guys at the top. And when it comes to doing that, American business excels.

Yet again, I am ashamed to be an American.

Of course, it could be worse. I could be British. After years of a "nationalised" auto industry (read: subsidies), the Brits sold ROLLS-FREAKING-ROYCE to the Germans; and LAND ROVER and JAGUAR are owned by a company in India. Freaking India! Wasn't India a British colony? Kipling was right: "you're a better man than I am, Gunga Din!"

Rolls-Royce in the hands of the Germans, and the American auto industry crushed by the Japanese. Fat lotta good all those bombs and all those deaths accomplished sixty years ago. Would the soldiers who risked (and lost) their lives for "freedom" have been so dedicated had they known that they were killing and dying in order to pad the pockets of a few executives? Meh, probably, because people are stupid.

Especially Americans.


( 5 comments — Leave a comment )
Nov. 10th, 2008 10:00 pm (UTC)
Just closing down the money flow isn't an option of course, the car industry would go tits-up instantly.
But conditions should be included. If they are not met a sell out might be in order.
Say the Indians buy out all the steelworks, the Chinese moke off with the high tech industry and the Belgians round up all the breweries. ... Oops.
Nov. 11th, 2008 04:32 am (UTC)
Who would have thought: the self-proclaimed "King of Beers," sold to a Belgian company!

Indeed, this far surpasses the sale of Land Rover to India as far as abject humiliation goes.

Nov. 11th, 2008 01:57 pm (UTC)
"humiliation" ??
nah, you'ld better see it as an honour. Belgium has the best beers in the world :)
Nov. 11th, 2008 06:10 pm (UTC)
Maybe they'll start making Budweiser with real brewing grains again, instead of rice.

Anyway, you're right: cheers to the Brueghelian life!
Nov. 12th, 2008 09:41 pm (UTC)
One can hope that smaller breweries can take advantage of the takover/merger. And with luck some other smaller Belgian brewries will get an easier export.

(Cheerining with a Blond, from the Park-Abbey. :) )
( 5 comments — Leave a comment )

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