I consider myself to be somebody who is pretty educated. I have a BA in Political Science and Communications. Was 2 classes away from a BA in US History and ended up with a minor in it. I am in law school right now and I cannot understand what the hell is going on in America right now.
I know I haven't posted in awhile, but school and working has been very time consuming for me and I apologize to all the C&G fans for not being able to read all the posts here.
But really, how is it evil or wrong to bailout an industry that provides 30 million jobs and is only a victim of the American system of the NYSE and instant gratification and rewards?
I am tired of everybody thinking that the banking industry is in need of saving. One thing that is great about banks is that they are always willing to buy each other out and consolidate. The auto industry is a bit different.
Why do you penalize an industry that has supported America for 50 years with living wages, retirement benefits, and medical insurance with "you made your bed, it's time to fail?"
The automotive industry as a whole in America is in trouble. Suppliers, and basic auto parts manufacturers are in dire need of help too.
It's time for America to realize that the world is not a pure capitalist world where the failed notion of "trickle down economics" is a successful notion. The major competitors to the "Big 3" are greatly influenced by socialist nations where the costs of health care, retirement, and research and technology are covered by the government.
It's time for America to scrap the false concept of the "free market system" and realize that there is an unlevel playing field that requires assistance from the United States and from the American people.
I love GM and I think Ford and Chrysler deserve to live on as well. Screw the banks. The FDIC is there to take care of that.
Rant over. . .
Justin