As I’ve said before, I don’t know much about this bailout business, but I’m starting to glean things here and there. Seeing as how the DJIA swings wildly from day to day, I’m pretty sure that we’re not out of the woods yet. Consumer confidence is low and you hardly ever hear of a major corporation posting a profit Aside: unless it’s an oil company and there’s already talk of this being a bad retail Christmas. Yes, Virginia, a bad retail Christmas. Santa will have a short ride this year.
Supposedly, we’ve Aside: and by we’ve, I mean nobody knows who gone through about 290 billion of the 700 billion that was approved by Congress. This doesn’t really mean much to me except I know I haven’t gotten anything. And I’m not likely to. Apparently, those of us who did things the way we were supposed to regarding mortgages, and investing, and money-saving…we get a pat on the back and a “thank you” for being a darn good citizen.
Now they’re talking about bailing out the auto industry. Well, this is where I draw the line. The auto industry, by which I mean The Big Three Aside: and what an ego-tastic nickname that is, has screwed around far too long with its behemoth enviro-suckers and is now reaping what it sowed. When you make the least fuel-efficient vehicles on the market, and gas goes up to $4/gallon, then you have to assume that people are going to start buying something else. The smallest amount of foresight could’ve seen this, but no, you just continued to make larger and larger vehicles with bigger and bigger names like the Ford Universe or the GMC Annihilator Aside: These are not real vehicles, but we weren’t far from getting them. And now you want us to pay for your inability to discern a decent marketing strategy? I don’t think so. This is something that should’ve been covered in your basic Econ 101 class…assuming, that is, that you went to class that day. The American public should not be forced to pay for your errors.
I realize that the auto industry is probably one of the largest employers in our nation, but it has to end somewhere. I mean, what’s the next bailout?! The fast-food industry because no one can afford to drive through the drive-thru anymore? The healthcare industry because everyone got healthy because they couldn’t afford to drive through to get fast-food? Plus, these numbers that are continually thrown around are preposterous. Fifty billion for this thing, a hundred twenty billion for that thing. Come on, NASA put together the Apollo program which put men on the moon for about $25 billion and that was considered to be the ultimate technological achievement of the last millenium. Something’s got to give folks and I’ll be damned if it’s going to be my wallet.
See you in the funny papers!