David
passing on a great post from my dad
Bail-outs, globalism, and so-called global free trade have violated those principles and are leading to socialism and failure.
As did the democratic party initiatives and its leaders (along with many RINOs) which led directly to the credit and housing crisis.
Oddly, it is the ‘bailing out’ on our part that not only enables and perpetuates the irresponsibility, but spreads it until, like a nuclear event it reaches a critical mass where it is unable to be sustained.
Captain obvious stricks!
“For years the Detroit automakers have been giving in to Union demands”
This dates to back in the 70’s.
Contracts were negotiated by people KNOWING they wouldn’t personally be around when the end finally came. The 1976 and 1979 Contracts were the death knells, but NOBODY wanted to listen to “Those Crazy Doomsayers”.
It was far better for your carreer to give in to the union, get the line running, and take your retirement 7 years later, than it was to stand on principle.
The bill for liberal Socialism has been pushed off on to later and later generaions for the last 40+ years. Now that bill is DUE-IN-FULL, and WE are the later generation.
Can you think of a government program that rewards desirable behavior?
Bankruptcy would not mean that all auto plants close and car production ceases. Liquidating GM’s assets would make zero sense, because most of their production facilities are probably worth very little to anyone but GM. Creditors would want to maximize value, which would mean reorganizing the business to operate profitably. Chapter 11 bankruptcy would mean labor and dealer contracts would be open for renegotiation, and shareholders would lose much or all of their equity. Fundamentally reorganizing their businesses is the way to make GM and other automakers competitive again. A government bailout will ensure that fundamental change does not take place.
Let the Big Three fail.
Maybe some other car company can buy their assets.
The good thing about the big 3 autos failing is it will be the biggest union busting success in history.
That reason alone is good for our country.
The people would re-assemble without the unions and produce a lean mean automotive company that would better reflect the ideals and goals of hardworking honest Americans!
Consider this situation as unions continue to organize healthcare workers at an alarming pace.
Your dad sounds like a smart man. Always loved the named Preston too.
I’d have bumped it too....ooops
bump
So true— Capitalism works. I have little patience with the willfully blind who refuse to look and see the evidence around them.
We who still see it, though discouraged, must keep the fight for liberty going:
http://www.gopetition.com/petitions/we-demand-true-conservative-leadership.html
I still get people looking with glazed eyes at me when I make mention of the unions rule in bringing down the capitalistic system. And regarding the automakers. Nothing new here, simply the gun has finally been brought out to the head, that was long expected.