I say nationalize the auto industry. Saw Michael Moore on MSNBC last night, and the guy had it right: the auto industry has been screwing its employees going on 30 years now, and the bailout (read: corporate welfare plan) that management is currently asking for is only postponing the inevitable, lining golden parachutes before the inevitable crash. The last thing America needs right now is more cars, especially not dirty, gas-fueled cars. Let the industry tank, throw out the powers that be, retool the factories, and let the workers return to build new, green technology. Screw the bosses, save the workers.
Tags: auto industry, michael moore, nationalization, Politics
December 5, 2008 at 8:42 pm |
I agree with you that rebuilding from scratch would be a good thing, but why do you feel the need to nationalize it? Why not let experienced auto industry insiders build their own companies from the ground up in a ’survival of the fittest’ type scenario? I don’t believe the government would do anything but add old ideas, a lack of innovation and too much bureaucracy.
December 8, 2008 at 6:42 am |
I intended my suggestion to ‘nationalize’ to be provocative. I’m just as leery of government intervention and mismanagement as the next guy, but major changes need to be made in Detroit, and the powers-that-be there need to be sent packing. The industry was already promised a $25 billion loan on September 30, but their business model is simply not sustainable. Apparently, GM has a net worth of negative $59.938 billion dollars. How can you fix that? It’s a vampire company sucking the lifeblood out of our economy. Now, I realize that U.S. taxpayers taking on this debt is not without risk, but it seems more wise to me than handing the management money and allowing them to continue doing the same thing that they’ve been doing for the past 30 years–destroying the industry, betraying the U.S. and the globe.