politicsanalyst

Just another Today.com weblog

&
 

Nov 19 2008

Bailout for the auto chiefs: Do we just not get it?

Published by stephenbogan at 3:18 pm under Uncategorized Edit This

Surprise, surprise! Here comes more of big corporate America looking for the taxpayers to give them some more of your hard-earned tax dollars, at a time when Congress’ reckless legislation is the leading cause of our economic downturn! What are we doing even considering this proposal?
I’ll tell you why. These politicians, led by Democrats, are in the tank for the unions of this country, and when companies are forced by the unions to pay their workers double and triple their working value to satisfy the mob bosses of the unions, the we shouldn’t be surprised at all to see the economic struggles in the industry.
What our government should do is allow these greedy, blood-sucking unions to collapse and allow the auto industry, the airline industry, and others that are affected to return to stricly a hire-and-fire basis.
The auto chiefs’ contention is that there would be a loss of three million plus jobs if the industry does not receive relief from the bailout, But what about the countless millions of people, including my children and future grandchildren who will be saddled with this tax burden?
And don’t expect any real tax relief from our new president-to-be. Barack Obama the Messiah has promised tax relief to 97% of Americans, of which 50% do not even pay taxes. The figures come out according to Obama to $500 per individual or $1,000 per couple. However, in his campaign he also propose nearly a trillion dollars in new spending! So, who pays for that? Allof us who are paying it in!
And guess what! Who else but Obama, the unions’ pet, is pushing for the current administration to extend the bailout to the auto industry. Small wonder that is!
Let’s stop the wasteful spending. Bring on the recession if need be, and force the unions out! They are a bloody mass of corruption that has been a drain on our ability to compete with the rest of the world in the auto markets, the airline industry, and everywhere else. We may have to struggle, but if we would go back to the basics of capitalism, free market and financial responsibility as individuals, we would come out of the recession and/or depression a lot stronger of a country, with a much more strengthened American dollar, and more stability in our investments.
Anything less, and we will be caught in the largest economic quagmire since the Great Depression of 1929!

Possibly-related Articles:                                        (auto-generated)

Trackback URI | Comments RSS

Leave a Reply

You must be logged in to post a comment.
Not A Member? Register for Free!

Some Today.com contributors may have received a fee or a promotional product or service from a manufacturer for promotional consideration, while others receive no consideration at all. Each contributor is responsible for disclosing any such promotional consideration.