My debate team opponent of an uncle wrote to me again:
Hey Greg I gotta question for you.
Your party is all against giving tax cuts to big rich companies, how does Pelosi wanting to bail out the failing Big 3 Automakers fit into your way of thinking? I miss your blogs!
This is actually something that has been troubling to me for the last week or two. I am glad you asked. I am going kind of neutral on this one. No, it's not because I am afraid of taking a stand. It's because I am honestly conflicted because on one side, you have all of the jobs that could potentially be lost by just one of the major automakers going under. I heard a statistic that said 2.5 million jobs would be lost if just one of the three American automakers (GM, Chrysler, Ford) shuts down. Then, you have all of those people competing in a job market already flooded with unemployed skilled workers collecting government checks. We're already flipping the bill for those. Plus, Nancy Pelosi says that the aid will carry the stipulation that the automakers produce more fuel friendly vehicles. That is a definite positive. On the other side, my logic is telling me that this bailout is a band-aid on a gunshot wound. These companies are failing for a reason. Throwing money at this particular problem may keep some workers working for a while, but this same problem will probably resurface a little while down the road.
Sunday, November 16, 2008
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Nancy Pelosi? The $25 billion the auto industry already got is tied up with the stipulation of creating 'green' vehicles. While this appears admirable to some (not me) on the surface, it actually limits the industries ability to use that money the way they need to, therefore, they are back for more. This money will not get paid back and it will only delay the inevitable. The jobs won't be all lost. Someone or ome company will buyout the failed company and use is workforce and assets. It happens all the time. This is simply the union strongarming the government under the guise as being for the public good. Supply and demand will create the revolution of greener vehicles, government mandates won't.
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