Before he even gets in office the democrats are pushing their real adgenda: sending a big pile of tax payer money to big business.
The auto industry is in big trouble because their business plan failed. The business plan: make and market high ticket gas guzzling SUVs. This strategy fell apart when gas prices spiked and demand for these monsters (and cars in general) went down. A bailout for this industry assumes that the auto-industry is a victim of circumstance, that nothing else could have been done to prevent this random act of god. That's an absurd assumption. The fact of the matter is, any high school econ student could predict the long term result of their business plan after half-paying attention to one lecture on supply and demand. People have been shouting about the stupidity of SUVs for decades, the auto-industry stuck their fingers in their ears and shouted.
The auto industry, like the credit industry made this bed for themselves, and now they're insisting that the american people sleep in it, and pay them for the favor. It's bad parenting. The auto industry is acting like a spoiled child, and supporting this bailout is enabling bad behavior and environmental irresponsibility on their part.
The auto industry and oil independence are conflicting interests, and Obama is already making it clear where his priorities lie. The blue collar union worker democrat imagines that the bailout will save their jobs, but the track record of free money to industries producing job growth (or preventing lay-offs) is dismal.
I say nationalize the industry. Yeah, it's socialism, it sucks and it's dirty, but i'd much rather see tax payer money going to overtly and transparently running an industry and taking the long term public good into account than to propping up short sighted profiteers who've come to expect free money when the obvious consequences of their bad actions come to pass. If the auto industry is too big and important to let the companies fail and die when the owners act like irresponsible fuck ups, then the auto industry is too big and important to be run privately.
1 hour ago