Tuesday, December 30, 2008 

700 Billion Dollar Bail Out - Auto Industry! A Middle Class Perspective!

As The Debate Continues between our elected officials, Henry Paulson of the treasury, a concerned working class, The Big 3 Auto Makers G.M Ford and Chrysler and
A "Host of Pundit's." All Roads inevitably lead back to the 700 Billion Dollar Bail Out.

Some would even say that the America as we have learned to understand it has been in trouble for a long time. Ouch...You Say! How can that be true when up until just a couple of months ago we had the highest DOW in history? Since the beginning of the Industrial Revolution the measure of a Country has been its manufacturing capacity and export production. Last evening it was almost laughable as our elected officials made a "Big to Do" about the C.E.O.s of G.M, Ford and Chryslers travel arrangements to the hearings to request aid for the auto industry. There Request For A Peace of that 750 BILLION DOLLAR Bail Out. Their Request A Paltry 25 Billion, a Drop In the bucket, just a couple of executive Bonuses for The Big Boy's At Goldman or A.I.G. Hearings that should have perhaps focused on the essential root causes of the request and the potential catastrophic effects if they were allowed to fail. Effects such as the Millions of American Families free auto insurance quote Would Suffer and the Potential for Millions of additional Foreclosures Created as a result of A Bad Economy and Bad Political Choices.

Wall Street Not Main Street Has Once Again Become The Law Of The Land. For Thirty Years, your elected officials have been signing Sweat Heart Trade Deals with Every Asian, European, and Latin Country they could find. All While the Lobbyist's Circled like the Vultures They Are "CHECK BOOKS IN HAND". The Best Government Money Can Buy...YOU BET!

All while Country's Like China and Japan Practice Predatory Trade Practices with out the Least Interest, Intervention or Assistance from Those Same Political Leaders.

Nobody's to blame for the failure of our Auto Industry but Our Very Elected Officials.Ouch...Again! There will be those who say...but American cars aren't as good, My Toy---, Nis---, Hon--, BM-, Mer----, Is A Better Car! What Kind Of A Car Could G.M. Ford or Chrysler Build If There Cars Were Subsidized, Like Their Foreign Competition?

We Even Give These Foreign Competitors Additional Breaks To Ship The Parts Into This Country In Containers, And Let Them Assemble Them Here Avoiding the Same Trade Costs Our Car Industry Pays When They Ship Over Seas.. So, you might say...Well Those are Jobs Aren't They? Sure Instead of Employing Tens of Thousands Of People In Every Industry Imaginable We Smile As They hire a couple of dozen Workers at less that union wage all while receiving HUGE TAX and Trade Incentives. And You/We/I Wonder Why Our Auto Industry Is In Trouble. But Getting Back To The Hearings, the Private Jet Deal Is Only One More Way Our Elected Officials By Pass The Root Causes And Fruits Of Their Labor!

Did These Same These Political Pundits ASK IF A.I.G. Goldman Sachs or any other of Their Sacred Cow Financial Institutions Would Give Up Their Corporate Jets! OF COURSE NOT! A Double Standard...You Bet.

Any Body Wonder Why People Like Henry Paulson Care So Much About Wall Street and The Value Of The DOW and SO LITTLE ABOUT OUR MANUFACTURING BASE! Could It Have Anything To Do With The Hundreds of Millions In Stock He Received When He Left Goldman Sachs To Become Your Secretary Of The Treasury.

I've Said It Before And I'll Say It Again!
Who's looking out for us? Isn't The Answer Obvious... NOBODY! Its Become Everyman/Women For Themselves. Wall Street Not Main Street, Politicians Who's Income In No Way Justifies Their Life Style, And A Government, Treasury and Federal Reserve System All Apparently Working For The Private Sector.

And Nobody Seems To Care About The Last Vestiges Of The U.S. Auto Industry. That Once Great Proud Symbol of free enterprise and the American Way. Now, Many Of The Same Elected Officials Who Gave Wall Street a Blank Check, supported the outsourcing of American Jobs, Massive Trade Deficits through the Wholesale Dismantling of American's Once Proud Manufacturing Base, Ignored, No Laughed at the loss of job's (AMERICAN JOB'S) that would Occur If These Company's failed. GREAT | JUST GREAT | Our Government Worries about the International Financial Impact Of The Financial Meltdown But Kicks Americans Job's | Futures | Retirements To The Ground. American Job's Should Once Again Mean...MADE IN AMERICA!

And a Bail Out Of The BIG THREE! Just Take It Out Of The Year End Bonuses Of The Financial Institution's that received the 750 Billion! The COE'S Of G.M Ford And Chrysler Agreed To Work For Free! CAN THAT BE SAID ABOUT THE CEO'S OF GOLDMAN SACHS OR A.I.G.
I THINK NOT.

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