Sunday, November 23, 2008
The demise of America's Big 3
I'm not proud to say it, but I've seen this coming for 5 years. You can ask of my friends or family who have listened to me rant and they will tell you I did. It was pretty obvious, really, that the Big 3 were failing. They were producing a sub standard product and charging too much money for it too boot. Add to it their inability to match the warranty policies, reliability of vehicles and gas guzzling engines compared to their foreign competitors and its surprising that they have lasted this long (to be honest about it)...Well, now here we are, nov of 2008 and the hands are coming out in earnst for a piece of the the Bush sponsored "Great American Bailout" (as I have dubbed it) and look who is at the front of the line: America's Big 3 Auto makers...These guys have to be on crack-or just plain stupid-to think that the American people are going to be all for handing over $25 Billion to them when they haven't been able to prove that they can compete in today's marketplace; not to mention, how about producing reliable cars which get superior miles per gallon of gasoline (better yet, how about fuel cell cars???) over their competitors. To make matters worse, the presidents of the Big 3 auto's and the UAW flew to D.C.-to give testimony before Congress to beg for money-on private jets, running up $20k tabs a piece in the process. Yeahhhhhh riiiiiiight, as if that shows fiscal responsibilty. Here they are, 3 of America's largest company's; hemoraging cash and teetoring on the brink of collapse and what do they do-they waste tens of thousands of dollars apiece by flying on the "corporate jet". Ya, that makes me really anxious to give them $25 Billion of the American taxpayers hard earned cash...Uh huh...Sure...If they believe that, then I have some beach front property they may be interested in the middle of the Sahara Desert...What a bunch of idiots these guys are-to be so bold as too flaunt their 'status' and gluttony when asking the taxpayers for a hand out. Every one of them should be fired on the spot in my opinion...I really shouldnt be surprised at their behavior. I did, after all, witness much of the same attitude when I caddied for many of their predecessors in the early and mid 90's. Even back then the (mostly) men who ran the Big 3 Auto's had no respect for the consumer and absolute distain for the UAW who are only all too willing to fleece the Big 3 for everything they are worth, without a care for their own union members, the consumer or the nation at large...So here we are, on the precipace of at least 1, if not 2, of the collapse of these iconic American businesses and what should we do? Should we bail them out? FUCK no I say. This is America. We are a free market, capitalist society governed by a Democratic Republic. Company's come and go all the time in our economy and the Big 3 should be treated no differently. If they aren't able to stay competitive and stay in business, then good riddance I say and so what to the 2-3 million who may lose their jobs because of it. For one, the majority of those that would lose their jobs would deserve it in my opinion because, of the 1000's of UAW and Teamster workers I have met in my life, MAYBE 10% of them deserved to be paid what they were paid. Regardless of this, the Big 3 Auto's are one of the last vestages of America's industrial age and they refuse to die. Whats more, their refusal to die has kept America from moving forward into the technolical and information age. In sum they are holding all American's back and it is either time for them to grow up or time for them to die. I'd prefer them to grow up and retake the lead of American Industrial might again, but they don't appear capable anymore, so I say to them: good bye-none of you have earned, much less deserve, a penny of mine, or any other Americans, tax dollars.
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