Automotive Umbilical Cord

"The auto industry is the backbone of American manufacturing and a critical part of our attempt to reduce our dependence on foreign oil. I have made it a high priority for my transition team to work on additional policy options to help the auto industry adjust, weather the financial crisis, and succeed in producing fuel-efficient cars here in the United States. I have asked my team to explore what we can do under current law and whether additional legislation will be needed for this purpose." -Barack Obama 11/7/2008


So, bailoutbailoutbailout. Let's bail out the auto industry. GM is going to fail. Chrysler may be right behind them. Ford next. The BIG 3. The American auto industry. They are too big to fail...
NO! They are not too big to fail. It is time for them to fail. We don't need them anymore. They are useless, and the government keeps throwing more and more money at them... For what?

You can't throw good money at a bad business plan and expect success. That's not how capitalism works. You are throwing money into the wind if you try to bail them out again, Obama!

They fail because they have a faulty business plan. Sure, they provide a lot of jobs to Americans, but GM has been bleeding jobs for years now. How many layoffs can you remember hearing about in the news in the last decade?
"Today, GM announced it will close several plants and cut roughly 11,000 jobs."
Or something like that. I've heard it at least 5 times.

I can understand bailing out the banks; financial crises across the globe, all companies will stop functioning without a basic banking system. It's simple economics that have been around for as long as their has been trading and bartering. The auto industry is not the same, that is not vital for the world to keep moving. There are other ways to transport. It's not the same as banks, with there being only one financial economy.

GM is totally at fault for their own financial problems. They decided to go full force into the SUV market, thinking people will pay any amount for gas. They never thought people would like fuel efficient cars. They never planned for $4 a gallon gas. Everything they've done in the past few decades is for their short term goals. They have not looked in the long term in their production. They are currently in development for another Hummer! Give me a break.

Their Chevy Volt is too little too late. Other car companies are soooo far ahead of them. Mitsubishi, Toyota, Nissan, Honda, BMW. All these companies are making and developing great, environmentally friendly cars, and they have many plants in the USA that provide jobs. My Scion tC (toyota marquee) was made in America.
(btw Ford makes many of their cars in Mexico) BUY AMERICAN!

GM and Ford have resisted all efforts to make more fuel efficient cars. They have lobbied hard in congress against passing of any bills that would make cars more fuel efficient and environmental friendly. Americans would always love their gas guzzlers, right? Fuck that.

If we bail out GM, that means we taxpayers have a stake in their company now. We could tell them that we will only bail them out if they make better, more fuel efficient cars; that would be a great plan. Too bad that comes with it's own set of problems. The government will be telling them how to run their company, and what kind of cars to make. We are running that socialism line closer and closer. I don't want my government to tell companies how to run their business. It's quite simple, if they don't run their company right, THEY FAIL. End of story. We should stop bailing companies out left and right just because more jobs will be lost if we don't. We will just have to wait for another auto maker who is up on industry standards to make better cars and new jobs. That is the American Way. CAPITALISM MOTHERFUCKERS!

I know for a fact that there are many people all across the nation who are willing and able to build new cars running on new technologies that could go into production if they could get proper investments. We need to put money into these people, not GM! That is how we beat Toyota, Honda and other Japanese automakers.



whats next, bailout the oil companies?