America about to get a blood transfusion of O(bama) positive
Listening to AM (ABC Radio) this
morning, I was treated to yet another tirade of an American Senator who wants
to bankrupt the major US motor companies along with 3 million workers. Like the
Senators who stood against any bail outs before him, he is hell bent on revenge
no matter the cost to American workers.
I guess this is pretty much the same attitude displayed with applying US military forces under the Bush reasoning. Vengeance is the key rather than a considered approach that weighs up a wider view of the issues and considers the impact on others.
Thankfully the incoming President takes a wider view. It’s not a roll over though, he wants the top CEOs outta there as part of the deal. It sounds like a good idea to me. Blaming the US auto industry for building what Americans wanted seems like a cop out. And allowing the “collateral damage” of 3 million American jobs just to glorify in revenge seems small minded and counterproductive to the US economy.
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Comments
Blaming the US auto industry for building what Americans wanted seems like a cop out.
Most logical comment I've read about this whole mishmosh. You're right- we did it ourselves....
The problem is once the marketing is set (and pollies try to keep it going) a turn around is not an easy thing to decide.
The good news is America has skilled engineers and can always find funding to get things running. Not so in Oz. The ideas are generated then folk flit off overseas to get it happening. California is popular at the moment.
Wow. Imagine if Aussie engineers helped drag America into the new world. Finally we would have done something to help you folk rather than prop up a dinosaur President hell bent on causing more trouble.
Is there a time limit on how long you have to get ship shape? Are they able to get finance if they are not paying previous lenders?
I agree, the govt should cover worker's entitlements. But then, this is a country where people die because they can not afford medical treatment. My greatest memory is when I taught high school in 1995. There were not enough text books for even ONE of the classes, and I was told the students would have to share the 21 books amongst themselves. I stuck the books on a shelf and told the kids to use them as dicitonaries when they were in class. Why did I just write about that? I wanted to illustrate where the countries' priorities have NOT been. Which is ultimately why the auto companies should be bailed out, so that the people who work there or who work at the companies who make their supplies, etc, will not be the ones who suffer for the stupid CEOs. What they should do at GM, if they are going to save it, is take away all that arsehole's assets (which prob. amount to at least a half bil) and divide it up amongst the workers as a bonus. Make him work for FREE. And the arsehole from Chrysler too. Oh, and take some of it to buy textbooks for poor schools...Ultimately, though, I think GM is a completely lost cause. This is supposed to be capitalism. How is the gov't floating a company that made incredibly idiotic decisions over and over for years, really going to help this country? What if instead of giving them billions, they let GM collapse, and used a few mil to retrain the workers and let them create their OWN company, one that built hybrids or completely electric vehicles? No shithead CEOs from the Good Ole Boy's Club either. Kind of a co-op thing or such. (Oooo-eeeee-oooo, someone might call that socialism. Oooo-eeee-oooo....but isn't tha a union? Wa-wap....striptease music....bom chicka bom...porno music...do wop...Motown time...)
Sometimes for me, it's not until I start committing to the written word that things start coming together. Yours are logical links too. I have a friend with a few conspiracy theories who makes enormous jumps that I simply can't follow.
Thanks for your thoughtful contribution.