Alright so as I’m writing this, I’m watching on CNN—these crooks, who are begging Washington DC to give them money to “adjust” to the changing economy.
Let’s get something straight for the record… I get that letting them fail will cause workers to loose their jobs…. I get that dealerships will close, I get that all that money (which lets be honest…. isn’t real money, it’s all borrowed money) that is being used to pay these people, will go away, and that will cause the economy to slow even further.
Right now…. Our Government is debating whether or not to “buy” into these companies, allow “credit” to continue, loaned money to pay people’s pay checks, and Ford, GM, Chrysler continue to make cars that they cannot sell, because none of the people in the US want to buy them.
Really, it’s not about hybrids…. it’s not even about fuel mileage (if we’re being honest)— It’s the quality. Why is it that I have owned 4 Subaru’s over the past 15 years and 0 American made cars? Simple…. Quality. DL Hughley on CNN a couple weeks ago on his show had Bernie Frank on his show…. He said that he and his dad went out to buy a Ford on Nov. 3rd…. and then he said on Nov. 4th, it was in the shop for repairs. Bernie Frank had a blank stare on his face.
It just made me laugh but at the same time is quite sad.
So really— If you’re asking… “Aaron, why are you so hell bent on them failing?”
Simple. First; Bush has done a crap job of inflating the market during his presidency. The loans we have given out to all parties have not done jack… except deflate our US dollar. Second…. All of the CEO’s have not even said they are taking a pay cut. Why is that important? Well lets see…. if they are screwing the company into the ground, they are taking as much money as they can in order to live comfortably for the rest of their days post CEO positions. Third; Unions. If the companies file for Chapter 11, the unions lose the power (finally) which would open up more opportunities for other workers. Fourth; No one wants to buy a GM, Ford or Chrysler car. I would rather own a Hyundai than drive a Ford… I would rather drive a KIA than drive a Chrysler Seabring, I would rather drive a Mitsubishi Montero (which yes, Mitsubishi makes TV’s and Toasters….) than a Chevy Tahoe.
Overall, the economy has been over inflated, the dollar is now weaker due to all these loans (and pending loans) and the entire market needs to readjust itself. What is disheartening is the fact that our Government seems to keep stepping in and screwing it up with continued loans.
Right now everything is in a downward spiral. No one knows what to do and the CEO’s think more money is the answer, the stakes are big but the future stakes are even bigger.
More later.
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