I hardly know where to start. Where in the Constitution does it give the Federal government the authority to tax me (and you) to bail out a failing company? But since we ignore so much of the Constitution already, let’s move on and be modern.
For decades, it’s really only been Ford, Chevy, and Dodge. They bought up all the other companies, even when they kept the names. They did’nt innovate, in fact their agreements with unions prevented innovation. They don’t institute cost saving measures. They allowed their product to become less attractive in the marketplace than the competition, thinking that we would buy it anyway out of patriotism. The competition is hungry, selling a better product at a lower price. So now, when enough people voted with their pocketbooks, they are in trouble.
Do they retool, tell the unions to get on board or everyone will lose, and decide to compete? No, that would be too American. The executives get together and go, hat in hand, to Congress. If there was any doubt about the insular nature of auto manufacturing in the United States, it’s put to rest by the sight of all the big names showing up together to beg for a handout.
Essentially telling the American people that since we didn’t give them money for their oversized, overpriced automobiles, we will now be forced to give them money for nothing.
Rewarding failure. Well, here’s a news flash. You reward something, you’ll get more of it. If every time my kids had spilled their drink at dinner, I had given them $5.00, I’d have gone broke and we would have had to line the dining room like a swimming pool. Instead, spill a drink and the only beverage replacement you get is water. Spills diminished to insignificance.
If as a nation, we think that somehow we need to help these companies through a rough spot, and can keep pressure on them to both become profitable and repay us, here’s my proposal. They want 40 Billion Dollars. I want 40 Billion Dollars worth of cars. Wholesale price. If I’m buying that many cars, I want a price break, wholesale or the deals off. I’ll take them all, Escorts, pick-ups, SUVs, whatever is cluttering up the lots all over America. We can have a big raffle of cars for all the taxpayers and pass them out to the winners. Then we pass legislation to free the companies from the unions, and let them get to work competing with the foreign companies.
One last thought, if the car companies take a simple bailout, and Congress gives it to them, I will never buy an American car again. There is a Taurus, an Escort, and a Ranger in my driveway. So, Congress and Ford, you decide.
Government “help” to business is just as disastrous as government persecution… the only way a government can be of service to national prosperity is by keeping its hands off.