Monday, November 17, 2008

BAILING OUT THE AUTO INDUSTRY

The news conversation the last few days has concerned the financial shortcoming in this country, the world, and the supposed coming failure of the US auto industry. I should begin this discussion by stating outright that I believe in the free market and its ability to recover with or without the interference of the Federal Government (the government).

I do not believe the government should be in the bailout business. The thought of a good faith loan is abhorrent enough, but acceptable. (Chrysler successfully pulled it off several years ago.) Our auto industry refused to read the writing on the outhouse wall for many years. The Asian auto producers have produced high quality fuel efficient cars for more than two generations. The Big Three have continued down that dark tunnel of the blind and produced the vehicles now languishing on out car lots. I love these great beasts, I own a Suburban, but no one can afford to drive them. (The current decrease in gas prices have helped.)

If the government is to continue in this fray they may consider an alternative approach. Why not put together an unemployment package that protects the auto workers for two years. Include basic medical coverage with medications. This package should in no way ever be extended.

The auto industry should put together a sound business plan that will allow them to retool and begin producing an appropriate 21st century automobile. The unemployed workers should have first application for any new positions, but no guarantee of any position. The government should require the auto industry to repay every dime loaned with an appropriate usury.

The United States has the best workers in the world. The last ten years our economy has transitioned to a service economy. Our industry went the way of NAFTA and other such rapes of the American work force. The blame for this pillaging can be spread across several administrations and both political parties. NAFTA should be repealed now and the affect on any other nation should be of little concern to this or the upcoming administration.

The United States should do whatever is necessary to again become the greatest industrial nation on the planet. The American Worker should always be the beneficiary of any legislation or treaty brought before the Congress. The impact of any such legislation on another nation or group of nations must always be a secondary concern. This is classic Protectionism, but in the current climate of the world economy it is what the US and our workers need.

The economic recovery will be much longer than most have voiced. The interference of the Federal Government will probably make matters much worse than they would have been otherwise. The United States must take care of Americans first. If they do the rest of the world's economies will improve given enough time.

ALWAYS AMERICA FIRST

Please Pray for President-Elect Obama and my children

GOD BLESS AMERICA

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