Auto industry bailout

Well here is the first battle of our next President's term. Yes, I know his term hasn't officially started yet...not sure if he knows that.

The US auto industry, which has been pillaged for decades by union slimeballs, is finally almost out of cash. They had a good run, in fact, during the 1990's era of cheap gas who didn't have an SUV? In fact, I still have a Suburban, one of the kings of the guzzlers. That's a long story in itself. Suffice it to say it was poor judgement along with poor timing. We drive about 50 miles a week in it. But let's separate the car business from the truck business.

The truck lines have kept Ford and GM afloat for years. It's the car lines that are the problem. They've been getting hammered by the foreign versions which boast more appealing design, more thorough engineering, more efficient performance, and frankly more solid build quality and reliability.

In most businesses you either improve your product, cut your costs, or go out of business. The threat of going out of business is what forces the first 2 options. Why should the auto companies be immune to that possibility?

I know the impact such companies have on affiliated businesses and jobs. But I believe those will not be greatly affected. Why? Because foreign companies are making their cars here now! I see this as an opportunity for the foreign manufacturers to have access to all of those side industries and labor.

Where will this have the most impact? In Michigan of course and upon the union members who are sucking at the teat of the auto companies. Who supports the unions? President-elect Obama.

I smell trouble brewing.

Let the car companies go bankrupt. Let the unions fizzle. Then let new companies rise from the ashes. Then a new crop of workers who appreciate their jobs and hopefully don't want to drive their companies into the ground will arise.

Don't reward poor performance and corruption at the taxpayers expense!