Wednesday, December 10, 2008

Bailout?

Lets clarify a few things for everyone who hasnt got a clue.
#1 A loan or line of credit is not a "bail out". The congressional debacle that was the life ring AIG received is a bail out.Has anyone asked who was asleep at the switch while the largest insurer in the US fell into financial insolvency.All us "little people" pay for various forms of insurance.Am I the only one who thinks "bailing out" an insurance vampire..I mean company...is like deliberately letting someone crap in your mouth.
#2 The Big 3 have captured , or should I say, retain, about 50% market share here and around the world, regardless of the fact that market share has been in decline.This puts some 350-400 BILLION dollars back into the good old USA.Thats a lot of money folks.
#3 The foolish notion that the carmakers refused to produce fuel efficient vehicles is just poppycock.North America wanted trucks and SUV's and guess what, you got em.The President of the USA travels on the ground in a Chevrolet Suburban, not a Camry, or a nifty Honda.Refitting car factories and the subsequent chain of supply ( yes, there are millions of Americans working for far less than UAW guys) takes time even if the engineering of these vehicles was sitting completed on the shelf.Doesnt happen overnight folks, sorry.Lest we forget that oil was 140 bucks a drum in JULY(Wall Streets doing, you know the guys who got paid by Paulson).Less than six months is not enough time to pump out 15 or 16 million cars from scratch that get 50 mpg and look like a Scion or whatever mainstream feels is flashy enough to set them apart from the rest of the sheep.
#4 The myth of quality is a reflection of ownership in part.Granted, Detroit has pushed out some stinkers, no doubt.Guess what, we didnt buy em and they went away.Generally speaking, people do not maintain their vehicles anywhere near the amount they should.Most people never even pull out the owners manual and read it.So its not a big shock when the engine in the shit box Cavalier that they pushed 80+ mph down the freeway for 145000 miles gives up."I changed the oil regular"..translation:when the light in the dash came on I slowed down and drove it another 22 miles while ripping of the Valvoline sticker that said I was due 4 months ago for an oil change off the windshield.After all, who has time between texting and TV dinners to change oil, besides its a whole 18 bucks!!!
#5 The upper midwest has gotten a bad rap for a long time.If I here one more thing about how nifty east coast or west coast living is, I promise you I will lay down an old fashioned "Detroit leaning" ass whuppin.Provincial thinking is comical at best but why not? Them folks out there ain't happy with nothin including themselves.Fake tits,ass, you name it.Therapy and anti psychotics for everyone.Paris Hilton,OJ Simpson, David Beckham..who gives a crap.And New Yorkers especially,are critical of everything, and solve nothing.It takes no talent to complain.I have immediate family that reside in New Hampshire.Love em, love to visit, cant stand their paranoid, conspiracy driven view points on EVERYTHING.To all the teenage, misguided souls who despair at being trapped in the boring Midwest, remember, 99% of quality of life is what you put in.Therefore, if your life sucks, YOU SUCK.
#6 Heavy manufacturing and manufacturing base in general is what propelled this country through 2 world wars, oil embargo,hostage crisis,Vietnam,you name it.If we cant make it here, it usually isnt worth having and definitely not worth what you pay.This country will fall into 3rd world status if the only jobs to be had are serving coffee at Starbucks to the 1% of the population who control 90% of the wealth.We wont even be growing the goddamn coffee people.In all reality, its possible to attribute the manufacturing technology and capability in Asia AND Europe in part to strides made right here in the USA.
#7 To have Congress, of all people, criticise auto execs is ludicrous.Was anybody looking when Congress ran up, what is the number, some 450 billion in deficit.These guys are telling auto execs how to run car companies? Really, please.Wall Street calls on Friday, gets a check on Monday, and the source of 400 billion dollars in revenue, has to come with hat in hand for a friggin loan??!!!?? Is this REAL??? If NAFTA giving us the ole SHAFTA wasnt enough,heres some more shit sandwich to chew on.Dumbass Ross Perot said "you'll hear this sucking sound from Mexico".Guess he was right on that one.Maybe not the aliens and Admiral Whats his name,but job and manufacturing losses to foreign countries is starting to hurt.
FREE TRADE IS NOT FAIR TRADE.This is a fact.
In summation, lets be clear on things indisputable.If health care was run properly and efficiently in this country, legacy costs for the Big 3 would be a non-issue.If trade deficits were more in line, it wouldnt be profitable to outsource manufacturing of ANYTHING.If Congress wasnt for sale (see former Governor of Illinois),maybe failure of leadership would not be commonplace here in the "greatest country on earth", and people could flourish and WE ALL COULD BE MORE WEALTHY.Lastly, Congress sitting back in leather chairs, Barney Frank pointing the handle of his gavel, raking the automakers over the coals to direct attention from the fact that this country hasnt had a real Energy policy, is sickening.Reprimand for dumbassery, such as Kucinich(10th district Ohio) to the Fannie & Freddie crooks, is understandable.Let us consider our terms (bail out) and views(upper Midwest get poorer BIG TIME) more closely, shall we?

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