I will never cast a vote for any candidate for political office who a.) supported the Wall Street bailout, and/or b.) supports the Big Three bailout.
Here are two ideas that may help car makers avoid finding themselves on financial life support:
- Make cars that are attractively enough designed so that people want to buy them, price them competitively, and then put them together well. (Note: designing and assembling them so they’ll last for precisely the duration of a sixty-month car loan does not constitute “putting them together well.”)
- Don’t find yourself getting run by labor organizations who think that standing in one spot and wrenching the same bolt into the same subassembly all day long is a job that merits, nay demands seventy bucks an hour, full health care benefits, and cushy retirement pay.
The unions have managed to kill the goose that laid the golden eggs—with enthusiastic help from the management at the Big Three, of course, but nonetheless. Now the automakers are circling the drain, and the parties involved extend the blackmail to the rest of us by whining about the far-reaching effects a Ford/GM/Chrysler bankruptcy would have, and that a failure to shove a few dozen trailer loads of taxpayer cash their way will result in economic disaster. Therefore, we’ll get to pledge whatever is left of our children’s paychecks to pay back the mountain of cash the government is borrowing today to bail out all the industries that drove their carts into the muck all by themselves. Fucking dandy.
I’ve said it before, but it bears repeating: we’re not sliding into socialism. We’re too fucking stupid to slide into socialism. Instead, we let our elected leaders transform our economy into a fucked up hybrid of socialism and capitalism, where failure gets socialized (as long as the failure is on a massive enough scale), and success remains privatized.
My kids’ paychecks are already pledged to this boondoggle, and the people at the helm are currently busy borrowing even more cash with those checks as collateral. It sure is nice when you can borrow money just by promising that your neighbor’s kids will pay the debt.
If you’re in your twenties or thirties, and you expect to see a single red cent out of your Social Security taxes when you retire, you’re both incredibly optimistic, and incredibly bad at math. The commoners on both sides of the aisle have discovered that they can vote themselves Free Shit, the politicians play along because they want to remain electable, and we’re headed for fiscal collapse at flank speed. At this point, it’s just a big game of Fiscal Musical Chairs, and the people who could do something about it don’t give a shit because they know the music will stop only after they got theirs.
Meanwhile, the ones who will be left holding the bag are taking their midday naps in their rooms right now, blissfully unaware of the coalition of self-righteous voters and power-hungry politcritters who have already laid claim to their piggy banks and savings accounts…