Monday, November 17, 2008

Automotive Bailouts

I injured my lower back over the summer, and I simply cannot shake the stress. I feel fine walking, lifting and sleeping. I can even wipe my own bottom. It's just when I intentionally tighten the lower muscles to gauge their strength is when I notice they are still sore. Needless to say, I have to use the machines in the gym with lower joint impact rather than sprinting and distance running.

This injury also lends me the luxury of watching television while working out. Today it was CNN. Normally, I do my best not to watch commentaried politics, but I doubt that the other people sharing television number 4 would appreciate me flipping to c-span. In any event, the morons on the big screen were debating about bailing out the failing automotive industry.

The idea of rewarding corporations for their failings bothers me to no end. As I understand it, 10 percent of the country relies on the domestic automotive industry to earn a living. 99 percent of these individual have no say in the direction of their companies. In this sense I feel terrible for their poor fortune. It seems so hopeless to have your basket of eggs get stomped on by the misdeeds of numerous corporate scoundrels. Truly this is the only redeeming quality of a corporate bailout.

Other than helping an individual whose work was only failed by actions beyond their means, there is nothing worth noting that excuses bailing out these corporate thieves. I say place the money in small business grants. Hell, gear the grants to new innovative American automobile companies. We are Americans and we use to be capitalists. If there is a demand for domestic automobiles, there are hundreds of capable entrepreneurs who are willing to take up the reigns.

Whats worse is the 25 billion dollars the auto tycoons are requesting would come directly from R&D in the fuel efficiency appropriations. So not only would this country invest tax payer funds to lube a failing industry, but they would also ensure that we continue falling into our dependence of foreign oil.

Let's put this into perspective. If the government decides to give these auto tycoons 25 billion dollars thousands of executives would be able to continue financing their yachts for another two to three years. In the process, oil tycoons can continue to see their stock values rising and in turn their pockets swelling.

In an sense, it is a perfect political move. Some of the biggest lobbies would continue to stay employed under their aristocratic employers. In all honesty, that is America. It will never change because anyone in the small circle to make any real change is surrounded by 10,000 others whose sole prosperity is focused directly on 1% of the population to continue raping our citizens.

I am mumbling and this entry is losing its credibility.

Until next time..... Hold your breath for my take on Unions.