For whatever reason most of you out there are not in favor of the government assisting in a bailout of the big 3 automakers.

I guess a country on the verge of absolute pandemonium and a severe depression isn’t enough for you. You’d much rather see that absolute pandemonium and severe depression.

I’ve heard many reasons why the government SHOULDN’T bail out the big 3 ranging from it’s their fault to it’s the ceo’s faults to even one person telling me they just don’t care anymore and they’re waiting for the day we wake up and the whole world as ended. (That’s a pretty dismal outlook :-))

For some reason most folks are stuck on this idea of “punishing” the auto making companies CEO’s. It’s almost as if they truly believe that the entire thing is their fault.
I know better though. I know that the CEO’s of the big 3 are FAR from being the ones who should have to shoulder the blame for the current disgusting mess they’re in.
Frankly, WE…yes, I said it…YOU AND I…are the ones to blame for this mess. Our absolute greed and desire to consistently have more and to keep up with the Jones’ is what has led to this mess NOT THE CEO’S OF THE BIG 3. In fact, the CEO’s of most companies that we’d like to see rot or be punished simply did what any smart business operator should do in a capitalistic society: They maximized their profitability by creating quality products for consumers.
Now because our beloved capitalism is failing us miserably (well, YOU’RE beloved capitalism…I’m not exactly a fan of capitalism) our greed and jealously is now causing us to want to “punish” those who have more than us. Funny how the tables have turned. We’ve gone from wanting to have just as much as them, to now wanting to punish them for having more.

Letting the CEO’s the auto making companies shoulder the blame for this mess is unnecessary and could prove to be a HUGE mistake. We have the opportunity to help and we must take advantage of that opportunity. We need to level out the playing field. Do adjustments need to be made to CEO salaries? Yes, they need to be leveled out, and start sharing some of the wealth that they have made, start doing what small business owners do and contribute some of their earnings to their business in an attempt to save it. They’re giving back plus bailing out the big 3, believe it or not, will help…as long as we give it the opportunity to do so.

One Response to “Bailing out the big 3 is a must”

1. Ken Storey Says:
   November 25th, 2008 at 12:40 am

   We shouldn’t bail out the Big 3. Look at foreign automakers, they are doing fine. Instead of a bailout the Big 3 need to renegotiate the contracts with the unions. Union workers get paid even when the plants aren’t producing, the make on AVERAGE (some make much more) $73 per hour (when retirement benefits and current retirement are inc) compared to those of foreign automakers with US plants. The foreign automakers US plant workers still make much more than the average American yet much less than this. Retirement benefits are another monster that is sucking out the $ from the Big 3, also because of the unions. Unions are killing the Big 3! But don’t take my word for it because I know you will deny these claims, so here are some better sources to prove once and for all unions are destroying the Big 3 and thus are destroying America!

   http://chryslerlabortalks07.com/Economic_Data.rtf

   http://www.detnews.com/apps/pbcs.dll/article?AID=/20081119/OPINION01/811190309 (Take a look at where this one comes from!)

   http://www.cnsnews.com/public/content/article.aspx?RsrcID=39499

   http://www.unionfreeamerica.com/

   http://www.nouaw.com/

   http://townhall.com/columnists/JohnStossel/2006/02/22/unions_fight_to_protect_the_nightmare

   That should at least get you started.

   IF that doesn’t convince you take a look at union heavy cities like Detroit and Jefferson City Missouri.

   Also the countless stories of terrorist acts by those in unions should count for something. And yes I classify requiring raises so high that major American companies go bust is a form of economic terrorism! (UAW, Teamsters, and the teachers unions are at the most fault of them all!)

   Instead of unions more companies should have worker profit sharing and stock options. This would work better for both sides. (IE Publix or Southwest Airlines) There are some groups where this wouldn’t apply, such as with teachers, but they should fight for more local governing and not this huge overheads that currently are found within the system.

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